Artificial Intelligence (AI) may seem like a new technology, but over the years, it has become an essential part of business strategies as they integrate into their operations. With AI, businesses are able to automate tasks and deliver a more accurate output that reduces the margin of error. Its adoption by most companies also saw the increased need for AI talent, as the industry is set to reach $90 billion by 2025.
AI is being used in more ways than you think. Here are some real-world industries that utilise AI in their daily operations:
Healthcare – Includes diagnostics and offering personalised treatments.
Finance – Includes fraud detection, data analytics and automated operations.
Retail – Includes personalised shopping experiences and chatbots to deal with customer queries.
Manufacturing – Includes the automation of specific processes including quality control.
Transportation – Includes traffic management and autonomous vehicles.
The Need for AI Talent
The versatility of AI allows it to be utilised by different industries, which also increases the need for more AI talent. This includes roles such as Data Analyst, Data Engineer, Data Scientist and ML/AI Data Engineers, which are all currently in high demand.
As AI adoption increases, there is also a growing need for AI-related skills that one must possess:
Machine Learning and Deep Learning – This involves the study of computer systems that use available data to perform tasks without following explicit instructions and adapt as needed.
Natural Language Processing (NLP) – This is the study of how computers can learn human languages.
Robotics – A study that utilises science and engineering to produce machines.
AI Cloud Services – Involves cloud-based platforms that use AI-based capabilities and resources.
Data Science – Deals with scientific data to extract knowledge and insights.
A report said that while AI talent demand has increased, supply is low. It highlights that companies must continually find ways to retain AI talent, as they also crave and look for opportunities to work on significant and impactful projects.
It is evident AI will continually evolve, and therefore, AI talent will always be in demand. As this takes place, companies would also need to develop their hiring strategies to enable them to stand out in a competitive market.