Is AI Engineering In Demand In India | Takshashila University (2024)

Artificial Intelligence (AI) is a multidisciplinary subfield of Engineering. It combines computer science, data science, and machine learning principles to craft intelligent systems that simulate human-like cognition and behaviour powered by algorithms and models.

Artificial Intelligence includes Machine Learning (ML), Computer Vision, Natural Language Processing (NLP), and Robotics.

AI Engineers, the “architects of intelligence”, develop, deploy and maintain AI systems and applications. They design algorithms, train models, optimise solutions, curate datasets, and faciTechnological innovations continuously drive India.

Is AI Engineering in demand? Yes, its forefront revolution has led to breakthroughs in fields such as healthcare, finance, the automotive industry, etc.

If you are wondering about its scope in India and the availability of job opportunities, read further.

The Future Scope Of AI In India

Artificial Intelligence has a bright future in India and is remarkably promising. India is continuously driven by technological innovations, and AI tends to bring revolution across various industries. With increasing data availability and supportive government initiatives, India is set to witness transformative changes through AI integration.

Did You Know?

India ranks fifth among countries with the maximum investment in Artificial Intelligence.

Job Opportunities In AI

Now that you know the prosperous scope of AI in India, get insights from the experts of Takshashila University on how AI transforms the following industries.

10. Banking

AI has transformed the financial industry and is a wise ally in detecting fraud and spotting suspicious activity. Additionally, AI-powered chatbots customise user experiences by responding to inquiries and providing service around the clock.

Investment recommendations are data-driven insights that could aid clients and financial institutions in making informed financial decisions. AI improves algorithmic trading methods by evaluating market trends.

Here are some job roles and the corresponding payscale for AI Engineering graduates in the Banking field.

9. Healthcare And Medicine

Nowadays, you can treat yourself at your convenience and in the comfort of your home. The AI-powered chatbots act as a doctor, analyse your issues and provide tailored treatment plans with optimised care outcomes. How exciting and cool is that?

AI has a profound impact on the Healthcare industry. It helps interpret medical images, drug discovery, and disease management and aids radiologists in detecting minute anomalies unseen by human eyes. Also, it helps monitor patient data and alert healthcare professionals to make informed decisions.

Here are some job roles and the corresponding payscale for AI Engineering graduates in the Healthcare field.

8. Cybersecurity

With technological advancements, digital threats increase, demanding advanced defence mechanisms. When it comes to the cybersecurity field, AI is an unseparated and crucial component.

AI-powered systems identify disruption or oddity in network behaviour and flag potentially malicious activities that go unnoticed. Predictive analysis closely monitors patterns associated with previous attacks and anticipates potential breaches. Overall, AI creates a dynamic defence against cyber attacks.

Here are some job roles and the corresponding payscale for AI Engineering graduates in the Cybersecurity field.

7. Business

AI’s data-driven insights extensively benefit the business landscape in strategic decision-making. It helps process colossal datasets to identify emerging trends and consumer preferences in the business world.

Features like customer behaviour predictions help facilitate targeted marketing campaigns to enhance customer engagement and retention. With the accuracy of demand forecasting, it leads to optimised inventory management. For better resource allocation and delivery processes, AI-powered supply chain optimisation helps.

Here are some job roles and the corresponding payscale for AI Engineering graduates in the Business field.

6. Education

AI-powered personalised learning transforms the educational experience. For instance, so many adaptive tutoring platforms cater to individual student learning styles and paces and provide targeted and committed assistance in their areas of difficulty.

The tailored learning materials are up-to-date, ensuring engagement, relevancy and meeting standards. Features like student performance analysis help educators identify areas requiring additional support, facilitating timely interventions.

Here are some job roles and the corresponding payscale for AI Engineering graduates in the educational field.

5. Finance

AI extensively reshapes financial services and greatly impacts the financial industry. There are robo-advisors that provide automated investment recommendations based on risk profiles and financial goals.

AI in finance also helps detect irregularities and patterns indicative of fraudulent activities in the vast databases, strengthening the security check. Features like risk assessment models help make informed decisions.

Here are some job roles and the corresponding payscale for AI Engineering graduates in the Finance industry.

4. HR

AI is a blessing in streamlining the human resource management processes in selecting candidates by identifying potential fit. The hiring recruiters can evaluate the applicants’ morale and engagement through surveys and communication analysis with the help of sentiment analysis tools powered by AI.

AI simplifies things like workforce planning, performance evaluations, talent acquisitions, etc. Also, AI chatbots address employee queries, thus freeing up HR professionals for more strategic tasks.

Here are some job roles and the corresponding payscale for AI Engineering graduates in the Human Resources field.

3. Agriculture

AI-driven solutions help monitor crop health and detect diseases and nutrient deficiencies at an early stage from sensors, satellites, and drones used to optimise resource allocation.

Features like predictive models help forecast yield based on environmental conditions. It helps in better crop management and harvest planning, leading to sustainable practices, minimising resource wastage and maximising yields.

Here are some job roles and the corresponding payscale for AI Engineering graduates in the Agricultural field.

2. Manufacturing

AI has extensively streamlined production processes that enhance efficiency and reduce errors. It helps identify potential equipment failures before they occur and minimise downtime and costly interruptions.

AI detect defects in real-time and ensures products meet stringent standards, thus benefitting quality control.

Here are some job roles and the corresponding payscale for AI Engineering graduates in the Manufacturing field.

1. Transportation

AI plays a vital role in autonomous vehicles and logistics optimisation. In the former, AI is poised to transform the transportation industry, and in the latter, it optimises routes and schedules considering traffic conditions and delivery preferences.

A system called real-time traffic management guides vehicles to avoid traffic jams, ensuring timely deliveries.

Here are some job roles and the corresponding payscale for AI Engineering graduates in the Transportation sector.

Potential Career Options In AI With Salary Prospects

Here’re some in-demand AI jobs with the salary prospects for your reference.

1. Machine Learning Engineer

• Fresher Salary: INR 6 to 8 lakhs per annum
• Mid-senior Salary: INR 10 to 12 lakhs per annum
• Senior Salary: INR 14 to 15 lakhs per annum

2. Data Scientist

• Fresher Salary: INR 5 to 7 lakhs per annum
• Mid-senior Salary: INR 8 to 10 lakhs per annum
• Senior Salary: INR 11 to 12 lakhs per annum

3. NLP Engineer

• Fresher Salary: INR 7 to 9 lakhs per annum
• Mid-senior Salary: INR 12 to 14 lakhs per annum
• Senior Salary: INR 16 to 18 lakhs per annum

4. Computer Vision Engineer

• Fresher Salary: INR 6 to 8 lakhs per annum
• Mid-senior Salary: INR 9 to 11 lakhs per annum
• Senior Salary: INR 12 to 14 lakhs per annum

5. AI Research Scientist

• Fresher Salary: INR 8 to 10 lakhs per annum
• Mid-senior Salary: INR 12 to 15 lakhs per annum
• Senior Salary: INR 16 to 20 lakhs per annum

6. AI Product Manager

• Fresher Salary: INR 10 to 12 lakhs per annum
• Mid-senior Salary: INR 14 to 18 lakhs per annum
• Senior Salary: INR 20 to 25 lakhs per annum

7. Robotics Engineer

• Fresher Salary: INR 7 to 9 lakhs per annum
• Mid-senior Salary: INR 10 to 12 lakhs per annum
• Senior Salary: INR 14 to 16 lakhs per annum

8. AI Ethics Specialist

• Fresher Salary: INR 8 to 10 lakhs per annum
• Mid-senior Salary: INR 12 to 15 lakhs per annum
• Senior Salary: INR 16 to 18 lakhs per annum

9. AI Solutions Architect

• Fresher Salary: INR 12 to 15 lakhs per annum
• Mid-senior Salary: INR 18 to 22 lakhs per annum
• Senior Salary: INR 25 to 30 lakhs per annum

Why Should You Opt For Takshashila University?

With 64 undergraduate, graduate, and doctoral options, Takshashila University should be your first pick for a college. Spread across 150 acres of land, it offers students the perfect study environment, including its top-notch facilities and knowledgeable faculty.

Takshashila University issues a 100% campus placement guarantee in prestigious companies like Wipro, IBM, TCS, Accenture, etc. It offers scholarships for academic and athletic endeavours, which aid students financially. So, immediately enrol in BTech CSE AI for your future success!

Conclusion

AI Engineering is a promising and lucrative career option because of its rewarding salary package and excellent scope. So, we hope we have answered your question, ‘Is AI Engineering in demand?’ One can advance their career by enrolling in the Artificial Intelligence subfield of Engineering and taking up crash courses on AI and ML.

Frequently Asked Questions (FAQs)

1. Is AI Engineering a good career?

With the increasing integration of AI across industries, AI Engineering is a highly promising and rewarding career choice. AI Engineers are in demand to drive innovative solutions and technological advancements and shape the future.

2. What is the AI Engineer salary in India?

The salary of an AI Engineer varies from INR 6 to 20 lakhs per annum, depending on experience, skill set, industry, location and company.

3. Is Artificial Intelligence in high demand?

Since AI leads to enhanced efficiency and competitiveness for businesses, it is in high demand across various industries. Its ability to drive innovation, automate processes and provide valuable insights from data make it stay at the forefront.

4. Is AI better than CSE?

CSE and AI are interconnected, and the latter is the specialised subset of the former. Choosing the one suitable depends on your interest and focus. CSE focuses on computing topics like software development, networking and algorithms; while AI emphasises creating intelligent topics.

5. Which company pays most to AI Engineers?

Companies like Google, Microsoft, Amazon, Facebook, Uber, etc., pay the most to AI Engineers.