ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

As AI Takes the World by Storm; Here are Professionals More Sought After Than Engineers

Explore the burgeoning demand for AI data scientists in 2023, uncovering lucrative job prospects and the evolving landscape of this dynamic field.
PUBLISHED NOV 27, 2023
Pexels | Photo by Pavel Danilyuk
Pexels | Photo by Pavel Danilyuk

The AI revolution has taken the world by storm with ChatGPT and rivals launched in response to its rise taking things to the next level. While the world of artificial intelligence seems to orbit around engineering, the real star of the show is the data scientist. With searches for generative AI jobs soaring and openings for these roles climbing steadily, the demand for data scientists has never been higher. In fact, the prospects are not only lucrative, with six-figure salaries even for those with less than a year of experience, but they also offer remote work. So, how can you hop onto this data science bandwagon and ride it to a promising future?

Pexels | Photo by Christina Morillo
Pexels | Photo by Christina Morillo

Data scientists have long been associated with AI, but their prominence has skyrocketed in recent months. These professionals are at the forefront of collecting, analyzing, and interpreting vast amounts of data generated by AI models, enabling businesses to make smarter decisions. As more companies embrace AI to enhance their efficiency and improve customer experiences, the role of data scientists has become pivotal.

It's not just tech companies anymore; financial services, aerospace, media, and various other industries are all expanding their workforce to accommodate data scientists with AI expertise. Initially, many companies offered temporary or freelance roles to test the waters. However, they have now realized the tangible benefits of AI and are making long-term investments to build robust AI teams.

Pexels | Photo by Tara Winstead
Pexels | Photo by Tara Winstead

Education is certainly a stepping stone to becoming an AI data scientist. A bachelor's degree in mathematics, statistics, computer science, or a related field is typically the entry point. But beyond formal education, data scientists need to exhibit a blend of technical and non-technical skills, including statistical analysis, applied mathematics, a strong foundation in computer science, and exceptional communication and project management abilities. One common mistake that aspiring data scientists make is undervaluing their non-technical skills when crafting their resumes. Simply listing methods and algorithms is insufficient. Employers look for depth of application and a range of soft skills that go beyond technical know-how.

Pexels | Photo by cottonbro studio
Pexels | Photo by cottonbro studio

One of the most appealing aspects of pursuing a career as an AI data scientist is the earning potential. Even with less than a year of experience, data scientists in AI can expect to earn at least $100,000, according to Indeed. ZipRecruiter reports an average entry-level salary of $122,738. With 3 to 5 years of experience in the field, this figure climbs steadily to around $150,000.

For senior AI data scientists, the prospects are even more exciting, as many positions offer salaries well over $200,000. For instance, a senior staff AI scientist role at Uniphore, an AI startup, advertises a salary range of $151,200 to $207,907, while a senior AI scientist at GE HealthCare gets a base salary of $174,800 to $296,400. The financial rewards are indeed impressive. Furthermore, the AI data scientist field offers numerous remote opportunities.

In this competitive job market, aspiring AI data scientists need to present themselves as intelligent, adaptive, and enthusiastic about working with machine learning and statistics. Companies are looking for professionals who can contribute to their AI endeavors and provide value beyond algorithms and equations. In 2023, the most in-demand AI job is that of a data scientist, and the prospects are both financially rewarding and flexible in terms of remote work.

MORE ON MARKET REALIST
While the contestants believed they had the truth backing them, they also had great obstacles.
3 hours ago
The guest who expected the item to be worth $1,500 was visibly shocked after learning its true value.
12 hours ago
IHOP is a go to place for many who crave pancake in America and many turned up to defend it.
14 hours ago
Even the host, Drew Carey didn't believe what just happened and had to take a few steps backward.
16 hours ago
There have been instances when guests even lost their balance and gasped after the price was revealed.
1 day ago
Retail chains like Costco are usually reliable but sometimes, the products can be quite concerning.
1 day ago
O'Leary was told by the entrepreneur that he will rethink his decision when he sees graffiti anywhere.
1 day ago
The enthusiasm of contestants is seen both during games as well as celebrations that follow.
1 day ago
The case that could've been a waste of time actually made her day with a hilarious moment.
1 day ago
Drew Carey knows how to get the most out of a hilarious situation and that's exactly what happened.
2 days ago
People have also pointed out glitches on screen, showing how carefully they observe details of production.
2 days ago
Things have become a little weird on the show lately, with unusual questions popping up on the screen.
2 days ago
Dogs usually don't get a say in courtrooms but not every courtroom has Judy Sheindlin as the judge.
2 days ago
US-based Apple product owners could get paid per device if the settlement is approved.
2 days ago
The customer who was influenced by the "Tips for Jesus" movement, left everyone disappointed.
3 days ago
Baseball cards are highly sought after especially if they are vintage, which is what these were.
3 days ago
While some viewers on TikTok advised the woman to sue the fast food chain, others were divided.
3 days ago
The big wheel requires some skill and strength while a lot of it is about luck in the end.
3 days ago
Classic musical instruments might be out of circulation but they could still fetch a high price.
4 days ago
He even walked up to the contestant and made a gesture to slap them after an incorrect answer.
4 days ago