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Data Science and Artificial Intelligence in India - Things You Need To Know

The AI scene in India is no less than in other countries. Strategic development of this new-age technology can scale the entire AI ecosystem and can lead to huge transformations. This scale of transformation will impact every aspect of the country including, the workforce, economy and society. Moreover, it is extremely important to be prepared for the dawn of this life-changing technology and equip the skills that are required to master the technology.

Now, to contribute towards the immense and impactful change of Artificial Intelligence in India, another area has the equal opportunity to grow in this country. The need for data science in India has grown as more and more individuals express interest in the field. The need for data scientists has grown as a result of the tremendous advancements in technology throughout time. Data scientists are in high demand by commercial firms, and several Indian universities like any top Engineering College Lucknow offer courses in the field. For those who choose to pursue a profession in this area, there are so many options. Without question, one of the most promising areas in today's world is data science. The future will only see more need for data scientists due to the rapid advancements in technology and digitalization.

Some numbers related to Artificial Intelligence

Making the most of AI's enormous development potential, the worldwide AI market is projected to increase at a compound annual growth rate (CAGR) of 37% by 2030, from $136 billion in 2022. By 2030, it has the potential to generate $15.7 trillion in income and support the world economy. As a result, this technology has a colossal development opportunity in India. According to estimates, Artificial Intelligence in India will contribute $967 billion to the Indian economy by 2035 and $450–500 billion to the GDP by 2025, or 10% of the country's $5 trillion GDP objective.

Scope of AI in India

Preparing the workforce for the future Artificial Intelligence is poised to transform the labour market by eliminating monotonous mechanical occupations and creating new employment job roles through more automation. As of February 2023, there were about 45K job vacancies for AI job roles. The modern maxim for the labour market is "upskill, prepare, and repair." The workforce now has to upgrade and equip with the necessary skills to execute these novel technologies. Since the necessary AI skills are now widely applicable in healthcare, manufacturing, finance, retail, and other areas, Artificial Intelligence in India has also played a significant role in democratizing technology.

Scope of Data Science in India

In India, one of the fields with the quickest growth is data science. The quantity of data that is available has increased dramatically in the past few years, and organizations are constantly searching for methods to leverage this data. Data scientists are thus in great demand. The area of data science is still quite young and encompasses a wide variety of subjects, including statistics, cloud computing, artificial intelligence, and machine learning.

For individuals with the appropriate skills, there are plenty of data science career prospects in India. Data scientists may assist companies in making better decisions, understanding their clients, and automating tasks with the correct training. To put it briefly, data science has no limits in India.

Career in AI and Data Science

Educational institutions, even if it is the best Engineering College in Lucknow are improving their curricula to include AI, AI-related, and Data Science subjects in their classes. Several educational institutions are working with leading universities and businesses to provide in-person and virtual AI technology courses.

Moreover, employers and sectors are attempting to upgrade their workforce.

You need to be very proficient in statistics, machine learning, and computer programming if you want to progress your career in Artificial Intelligence (AI) and data science. Additionally, you must successfully convey your results to audiences that are not technical. Data science is a fascinating and quickly expanding area with lots of chances for professional growth.

Data scientists are in constant demand in India, which is becoming a powerhouse for data. As per a recent estimate published by Nasscom and Zynga, there will be 16,500 data science jobs in India by 2025, up from 2,720 in 2018. This is a fantastic chance for anybody interested in pursuing a career in data science. Gaining the abilities necessary to work as a data scientist might be facilitated by the top data science courses offered in India.

So, if these disciplines interest you, and you are based in India, apply to any top-tier Engineering College in Lucknow to gain a better learning experience.

Wrapping up

Data science appears to have a promising future in India. The sector has a lot of potential to expand quickly because of its huge and skilled workforce, top data science and AI institutes in India, a wealth of data, and supporting government regulations. The time is now if you're thinking about pursuing a career in artificial intelligence (AI) or Data Science in India. In the business and technological sectors, you may truly make an impact provided you possess the necessary knowledge and expertise in these two areas.

Frequently Asked Questions

As a result, this technology has enormous development potential. According to estimates, AI will contribute $967 billion to the Indian economy by 2035 and $450–500 billion to the GDP by 2025, or 10% of the country's $5 trillion GDP objective.

The need for expertise in the fields of artificial intelligence (AI), blockchain, machine learning (ML), and cyber security increased by 28–30% in the third quarter of 2023, according to international recruiting agency Michael Page India.

For a while now, the demand for AI professionals has been rising at an astounding rate. In India, the average yearly income for an entry-level AI engineer is around 10 lakhs, which is far more than the average wage of any other engineering graduate. The compensation of an AI engineer at an advanced level might reach 50 lakhs.

The need for data scientists is always increasing, and data science employment is developing quickly in India. Analytics India Magazine reports that there were over 93,500 job opportunities nationwide in 2021, reflecting a 45% growth in the data science sector.

The field of data science is very in demand. Prospective workers have a lot of opportunities. With the highest rate of expansion on LinkedIn, this role is predicted to create 11.5 million new employment by 2026. This has led to a need for those in the data science profession.

You must be proficient in a number of programming languages, including Python, C/C++, SQL, Java, and Perl. Python is a popular computer language for jobs in data science.

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