Exploring alternative career paths beyond conventional advice is crucial in today’s dynamic job market. In this rapidly evolving landscape, understanding emerging sectors like artificial intelligence (AI) becomes paramount. Careerology presents insights into AI careers, highlighting opportunities, trends, and suitable study programs for aspiring students. Let’s delve into the transformative realm of AI.
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Exploring Career Paths Beyond Tradition
In a typical scenario, when picking a career path, we seek recommendations from an astrologer, family priest (Pandit Ji), or our uncle who got settled abroad many decades ago. Well, they have their importance in our lives, yet, it is worth noting the behaviour of the job market and what analysts and economists are reporting on situations ten years down the line. We should also listen to what the employers are saying both here and in other countries.
Rethinking Career Choices: Introducing Careerology
In our effort to make more sense of the corporate world and job market, we start a series, Careerology. It will help aspiring students pick a career and a programme that promises to give maximum return and a fulfilling life. Here is our first take on this effort.
The Rise of Artificial Intelligence (AI) in Career Paths
From self-driving cars to facial recognition on your phone, artificial intelligence transforms the world around us rapidly. Industries globally are changing the way they are working. This change is seen not only in the corporate world but in the education sector as well. This brings us to a question, is a career in AI the right path for students? This question is also relevant to those aspiring to study in Australia or the UK.
The Future of AI: Statistics and Trends
Before we get into a discussion about AI as a career choice let’s take a look at some numbers. By the end of this decade, AI will be contributing $15.7 trillion to the global economy. This will be more than the combined output of India and China. A study has shown that the demand for skills in AI and machine learning has increased by fivefold and that there are six times more AI roles available in Britain than the number of candidates available to fill them.
Expanding Job Opportunities
The exponential growth will result in a surge in job opportunities across various sectors, including robotics, finance, healthcare, and even creative fields such as marketing and design.
Shifting Paradigms in Career Selection
Not long ago, picking a career path was pretty much straightforward, as this decision was often based on intuition or what others have done in the past. In the present time, a career choice should be based on what the future demands.
Globally, the demand for tech-AI jobs has increased nine times and for broad-AI, it has increased by 11 times. AI development has resulted in two major changes in the job market, one is the demand for professionals who are proficient in the field, and the second is the demand for people who can collaborate as a team leader. The second job profile will require strong communication and leadership skills with a fair amount of knowledge about AI.
Diverse Industry Suitability
Most of the career options are industry-specific, someone working in the healthcare industry cannot switch to the engineering sector. However, pursuing a career as an AI professional will make you suitable to work in diverse industries.
The Significance of Technically Intensive Study Programmes
Having the infrastructure and facilities to educate and train students on technically intensive study programmes is not everyone’s cup of tea. Developed economies like the UK and Australia are more acclimatised to AI technology, and the programmes offered by universities there are better tuned to the future demands of the industry.
Noteworthy Study Programmes
Framing a career in a field that is highly technical requires a high level of competency, which can be honed by pursuing a degree from a good institution. Not every institution will be tuned to training people to meet the current and future demands of industries. You can refer to the list below for some noteworthy options :
- Deakin University – Master of Data Science (Professional) – Data Analysts, Analytics Programmers, Marketing Managers, Analytics Managers, Analytics Consultants, Business Analysts, Management Advisors, Management Analysts, Data Scientists, Business Advisors and Strategists, Market Research Analysts and Marketing Specialists
- Western Sydney University – Master of Artificial Intelligence Solutions Architect, Machine Learning – Specialist, Data Engineer, Data Scientist, Big Data Machine Learning Specialist
- University of Strathclyde – MSc Data Analytics – Junior Data Scientist at V.Group, Software Development Engineer – Machine Learning at RBS, Business Analyst at Scottish Power, IT Graduate at Scottish Power, Data Scientist at Solita Scandinavia.
- Northumbria University – MSc Business Analytics – Business Consulting, Supply Chain Management, Data Science, Project Management, Analytics, Management, Information Systems, Operations Management
Embracing the Revolution: Choosing the Right Path
AI is revolutionising the world and it is the right time to capitalise on the changing scenario. Think ahead of being a truck driver or a job in a restaurant when you plan to study in Australia or the UK. Don’t go just by recommendations from friends and relatives. Even though they always think of your well-being, their advice may not be based on the right information about the job market.
| Section | Content |
|---|---|
| Exploring Career Paths Beyond Tradition | In a typical scenario, when picking a career path, we seek recommendations from an astrologer, family priest (Pandit Ji), or our uncle who got settled abroad many decades ago. Well, they have their importance in our lives, yet, it is worth noting the behavior of the job market and what analysts and economists are reporting on situations ten years down the line. |
| Rethinking Career Choices: Introducing Careerology | In our effort to make more sense of the corporate world and job market, we start a series, Careerology. It will help aspiring students pick a career and a programme that promises to give maximum return and a fulfilling life. Here is our first take on this effort. |
| The Rise of Artificial Intelligence (AI) in Career Paths | From self-driving cars to facial recognition on your phone, artificial intelligence transforms the world around us rapidly. Industries globally are changing the way they are working. This change is seen not only in the corporate world but in the education sector as well. This brings us to a question, is a career in AI the right path for students? |
| The Future of AI: Statistics and Trends | By the end of this decade, AI will be contributing $15.7 trillion to the global economy. This will be more than the combined output of India and China. A study has shown that the demand for skills in AI and machine learning has increased by fivefold and that there are six times more AI roles available in Britain than the number of candidates available to fill them. |
| Expanding Job Opportunities | The exponential growth will result in a surge in job opportunities across various sectors, including robotics, finance, healthcare, and even creative fields such as marketing and design. |
| Shifting Paradigms in Career Selection | Not long ago, picking a career path was pretty much straightforward, as this decision was often based on intuition or what others have done in the past. In the present time, a career choice should be based on what the future demands. |
| Diverse Industry Suitability | Most of the career options are industry-specific, someone working in the healthcare industry cannot switch to the engineering sector. However, pursuing a career as an AI professional will make you suitable to work in diverse industries. |
| The Significance of Technically Intensive Study Programmes | Having the infrastructure and facilities to educate and train students on technically intensive study programmes is not everyone’s cup of tea. Developed economies like the UK and Australia are more acclimatized to AI technology, and the programmes offered by universities there are better tuned to the future demands of the industry. |
| Noteworthy Study Programmes | 1. Deakin University – Master of Data Science (Professional) – Data Analysts, Analytics Programmers, Marketing Managers, Analytics Managers, Analytics Consultants, Business Analysts, Management Advisors, Management Analysts, Data Scientists, Business Advisors and Strategists, Market Research Analysts and Marketing Specialists |
| 2. Western Sydney University – Master of Artificial Intelligence Solutions Architect, Machine Learning – Specialist, Data Engineer, Data Scientist, Big Data Machine Learning Specialist | |
| 3. University of Strathclyde – MSc Data Analytics – Junior Data Scientist at V.Group, Software Development Engineer – Machine Learning at RBS, Business Analyst at Scottish Power, IT Graduate at Scottish Power, Data Scientist at Solita Scandinavia. | |
| 4. Northumbria University – MSc Business Analytics – Business Consulting, Supply Chain Management, Data Science, Project Management, Analytics, Management, Information Systems, Operations Management | |
| Embracing the Revolution: Choosing the Right Path | AI is revolutionizing the world and it is the right time to capitalize on the changing scenario. Think ahead of being a truck driver or a job in a restaurant when you plan to study in Australia or the UK. Don’t go just by recommendations from friends and relatives. Even though they always think of your well-being, their advice may not be based on the right information about the job market. |
FAQs: Exploring Career Paths Beyond Tradition
What is Careerology and how can it help aspiring students?
Careerology is a series dedicated to helping aspiring students navigate the corporate world and job market effectively. It provides guidance in selecting a career and a programme that ensures maximum return and a fulfilling life.
Is a career in Artificial Intelligence (AI) a viable option for students?
Yes, a career in AI presents numerous opportunities due to its rapid growth and widespread application across various industries. From self-driving cars to healthcare, AI is transforming the way we work and live, making it a promising career path for students.
What are some statistics and trends indicating the future of AI?
By the end of this decade, AI is expected to contribute $15.7 trillion to the global economy, surpassing the combined output of India and China. The demand for skills in AI and machine learning has increased significantly, with more AI roles available than qualified candidates to fill them.
How does AI impact job opportunities across different sectors?
The exponential growth of AI has led to a surge in job opportunities across sectors such as robotics, finance, healthcare, marketing, and design. This presents diverse career options for individuals interested in pursuing a career in AI.
How has the paradigm of career selection shifted in recent times?
Traditionally, career choices were based on intuition or past experiences. However, in today’s dynamic job market, it’s essential to consider future demands. The demand for tech-AI jobs has increased substantially, emphasizing the importance of staying updated with industry trends.
What makes AI professionals suitable for diverse industries?
Unlike traditional career paths that are industry-specific, AI professionals possess skills that are transferable across various sectors. This versatility allows them to work in diverse industries, ranging from healthcare to engineering, without the need for extensive retraining.
What are some noteworthy study programmes for pursuing a career in AI?
Several universities offer specialised programmes tailored to the demands of the AI industry. Some noteworthy options include:
- Deakin University – Master of Data Science (Professional)
- Western Sydney University – Master of Artificial Intelligence Solutions Architect, Machine Learning
- University of Strathclyde – MSc Data Analytics
- Northumbria University – MSc Business Analytics
Why is it important to choose the right path amidst the AI revolution?
With AI revolutionising various industries, it’s crucial to capitalise on this changing landscape. Planning ahead and selecting a career path aligned with future demands can lead to long-term success and fulfilment. It’s essential to base decisions on informed insights rather than solely relying on recommendations from friends and relatives.