The buzz around Artificial Intelligence (AI) has been growing steadily for years. Still, it has exploded in recent months as tech giants and startups alike have raced to develop new AI applications and capabilities.
In Artificial Intelligence, a machine is given the ability to learn and work on its own, making decisions based on the data it is given. Although AI has many different definitions, in general, it can be summarized as a process of making a computer system « smart »—able to comprehend difficult tasks and execute complex commands.
One of the primary reasons for AI’s tremendously growing popularity is its ability to automate tasks that are time-consuming or exhausting for humans to do. For example, in retail, AI can track inventory levels and predict customer demand, and this information can then be used to streamline the supply chain and improve stock management. In healthcare, AI can process and interpret medical images, which can help diagnose diseases and plan treatments.
Consequently, there is substantial demand for AI skills across numerous businesses and industries. The global revenue for AI increased by 14.1% from 2020 to $51.5 billion in 2021, according to forecasts from Gartner. According to Fortune Business Insights, during the forecast period of 2021–2028, the worldwide AI industry is anticipated to progress at a CAGR of 33.6%, reaching $360 billion by 2028.
Undoubtedly, AI is rapidly evolving and escalating more sophisticated every day. Amid the rapid expansion of AI capabilities, businesses in every industry are looking for ways to incorporate AI into their operations. As businesses strive to stay ahead of the curve, those with the right skills will be in high demand.
Without further ado, let’s delve into the most sought-after Artificial Intelligence skills employers seek in their employees and organizations.