ON : 6 February 2024
The Fourth Industrial Revolution is here, and artificial intelligence is no longer a far-fetched conspiracy theory—it’s real, and it’s happening.
The AI market, which used to be worth around $100 billion, is expected to grow 20 times larger by 2030, reaching a gigantic $2 trillion.
This insane growth is changing industries and economies, affecting the global job market in 2024—as many companies prefer to hire AI developers beforehand.
In this write-up, we’ll explore the opportunities and challenges you can face as an AI developer.
AI Developer Job Trends
Predictions suggest that by 2025, AI could lead to the loss of 85 million jobs, but at the same time, it’s expected to create 97 million new jobs.
This rapid growth and evolution of AI has increased the overall demand for AI professionals in all sectors.
Companies from different industries are actively looking to hire AI developers.
Job listings for positions related to AI have conspicuously increased, with a yearly growth rate of 32%.
So, if you are an AI professional or aspire to become one, amazing opportunities are waiting for you on the other side.
AI job market insights suggest certain professionals to be in high demand. Let’s look at some of the most highly sought job roles that experts predict in 2024:
- AI Engineer: AI Engineers create and put AI models into action. They deal with lots of data, build AI models, and then turn them into working code for use in real-world scenarios.
- Machine Learning Engineer: ML engineers set up data pipelines and develop software solutions. These professionals possess strong skills in statistics and programming, along with knowledge of software engineering.
- Data Engineer: Data Engineers get the big data ready for analysis by Data Scientists. They build and organize the infrastructure, bringing in data from different sources for Data Scientists to work on.
- Robotics Engineer: Robotics engineers design, test, and build robots that are efficient and safe to use. These robots find applications in various fields, such as manufacturing, healthcare, and services.
If you want to have a promising future ahead in 2024, there are specific skills and educational qualifications that are highly valued. Let’s take a quick look:
1. Programming Skills
Being good at programming in languages like Python, Java, and R is a must.
Python is especially important, as it’s widely used in AI and Machine Learning.
As an AI developer, you should have an advanced level grip on programming as you will need coding to create, troubleshoot, update and AI assets rigorously.
2. Statistical Understanding
Having a solid understanding of statistics and mathematics is necessary because AI algorithms are built over these domains.
There will be a lot of data that you’ll be analyzing, interpreting and evaluating all the time.
Based on this understanding and assessment, you’ll be required to make decisions.
3. Data Modeling and Evaluation
Being able to create data models and assess their performance is something you need to be good at.
This involves understanding how to design algorithms and applying them to different sets of data.
These algorithms will then serve your long-term plan of training and improving the efficiency of your AI assets.
4. Machine Learning
Machine learning is all about training AI entities using algorithms and data—to improve their response, generational and recognitional capabilities.
Knowing about machine learning techniques and frameworks is a must.
This includes understanding supervised and unsupervised learning, neural networks, and natural language processing.
5. Cloud Computing
AI applications need a gigantic amount of data to be trained with.
These databases could be comprised of thousands of documents, images, videos and whatnot.
Cloud computing makes it easy to store, access and manage all this data on virtual servers—keeping it safe and cost-effective (from a storage point of view).
Having knowledge of cloud platforms like AWS, Google Cloud, and Microsoft Azure is useful for the successful deployment of AI applications.
6. Soft Skills
One thing that differentiates an AI model from a human being is the capability of possessing and exercising soft skills in an operational environment.
These are qualities that are mandatory for an effective, functioning and growing team.
Besides technical skills, softer skills like problem-solving, creativity, and effective communication are equally important.
How To Land An AI Job In 2024?
Securing a job in AI might be challenging because you need to be good in a lot of technical and non-technical domains.
But landing an AI job will definitely bring you matchless compensation and career growth because it’s the next big thing!
Here are some strategies to help you in navigating AI career opportunities.
Formal education and qualification is a must-have thing for securing your position in top-level firms. So, as an aspiring AI enthusiast, you must aim for relevant qualifications.
You might pursue a degree in computer science, data science, or a related field.
If you can’t go for a degree for any reason, many institutions also offer specific courses in AI and Machine Learning.
Practical experience is highly valued when it comes to AI.
As the fieldwork keeps on evolving with the progression in AI algorithms and technologies, it’s a great plus to have someone who has seen and handled a fair share of hiccups on the job.
Get involved in relevant projects or internships to gain hands-on knowledge and skills.
This isn’t only restricted to AI. No matter what field you operate in, networking could be the key to accessing expert insights and knowledge worth gold.
Connect with professionals in the field and engage in productive and meaningful conversations.
Attend AI conferences, seminars, and workshops. Networking can often lead to valuable job opportunities.
AI is a constantly evolving field. Staying up to date with what’s happening isn’t just an item on your already procrastinated to-do list but a mandatory practice.
Working in a highly time-sensitive field, you don’t want to be left behind.
Keep yourself informed about the latest trends and advancements to stay competitive.
A portfolio is the best way to demonstrate your skillset, abilities, and potential—because that is a manifestation of what you’ve written in your resume.
Build a strong portfolio showcasing your projects and skills.
This could be a personal website or a GitHub repository where potential employers can see your work.
Join Freelancing Platforms
Consider freelance platforms like Greelance as a powerful tool for your job search.
These platforms cater specifically to the AI and data science community, connecting talent with companies seeking their expertise.
You can secure a project and start working right away to add to your already well-decorated portfolio or build one from scratch.
Last But Not The Least
The future of AI developer jobs is bright and rewarding.
As a value-added tip, consider dedicating a few hours each week to learning something new in the field, whether it’s a new programming language, a new AI model, or the latest industry trends.
This habit of continuous learning will help you stay ahead of the curve and also open doors to new opportunities.
What is the projected value of the AI market by 2024?
The projected value of the AI market by 2024 is expected to be around $298 billion.
How many jobs will AI replace by 2024?
It’s difficult to provide an exact number of jobs that AI will replace by 2024. However, AI and automation are expected to significantly impact various job sectors.
What is the future of AI in the job market?
The future of AI in the job market is expected to be transformative. While AI will automate some jobs, it’s also expected to create many new ones.
How will AI impact the job market in the next 5 to 10 years?
In the next 5-10 years, AI is expected to have a profound impact on the job market. It’s anticipated to lead to job creation as well as job displacement.
What jobs will be obsolete with AI?
Some jobs that could become obsolete with AI include roles in data entry, customer service, assembly line work, and certain administrative tasks.