Artificial Intelligence Engineering Salary in India

Introduction :

Artificial Intelligence is providing solutions to real-world problems. Software firms such as Apple, Amazon, Facebook, Google, and Microsoft are using artificial intelligence to deliver solutions to real-world problems.

A research study revealed that fewer than 20000 people in the particular region have the potential to carry out Artificial Intelligence-based research projects in India. A fresh Ph.D. in Artificial Intelligence in India can get a high-paid job in top multinational companies in India.

To multinational companies are investing a lot of money in developing intelligent gadgets and intelligent software that can be used in the banking, finance, medicine, and education sector. Companies are using artificial intelligence to develop health care systems and intelligent vehicles that can drive themselves.

Artificial intelligence is used to develop robots to use in different business organizations and working divisions. Artificial Intelligence is also used to do an analysis of large datasets and reveal patterns to take decisions and consumer behaviors.

Many top-level notch multi-national companies are providing training to use artificial intelligence techniques to design solutions to real-world problems. Deep learning algorithms are being used to develop voice assistants, smart navigating systems to be used while driving, and used to develop applications that can be used in the domain of medicine.

Artificial Intelligence is becoming the green space to design intelligent solutions to problems and that has a vast application area and has the capability of influencing industrial and non-industrial sectors. Since the applicability of Artificial Intelligence is large and the number of people having technical skills in Artificial Intelligence is less, the salary of the technical person having skill in artificial intelligence is high.

Let’s understand how software firms are calculating salaries of different computer professionals having technical skills in Artificial Intelligence.

How Salaries are Calculated :

Companies have different pay scales for their employees. The payscale is decided based on the competition and the organization’s financial condition. The salary is decided based on the organization’s financial condition and the education and experience level of the employee.

Employees having a direct influence on the company’s revenue have defined payscale. An employee given a fixed target to achieve during a financial year have a fixed remuneration. This fixed remuneration is influenced based on the performance of the employee. If the employee cannot achieve a fixed target, its remuneration is affected. If the employee can get the set target, they get the allocated remuneration.

The salary range is different for different departments in an organization. Each department’s contribution is different, so its salary range is different. Thus the formula for calculating salary for one department in the organization can not be the same for the other department. The salary calculation formula depends on different factors, which may or may not be the same for different departments of the organization.

Different factors influence the salary calculation formula. These factors include – Operational Area, Scale of Operational Area, professional skills of the employee, the experience level of the employee, and the company’s financial condition.

When a new employee is recruited, then factor to be considered to calculate its salary incused its previous salary. If employees do not have the previous pay scale, their salary is calculated based on the salary given against that position by different organizations in the market.

An organization decides salary by considering other industry payscale or discussing with the trade association. Organizations may also contact other organizations working in the market that do professional surveys and analyses of the existing pay scale range of different organizations working in the market. These surveys are done on organization requests against defined financial costs.

Different factors are considered when the payscale range is determined to decide the salary. Factors that are considered to decide salary include the location of the company/organization, number of years that employee has the experience, the qualification level of the employee, professional skills that employee possesses, and communications skills possessed by the employees.

The salary of the employee is highly influenced by the skills possessed. Therefore, a skilled employee is paid high as compared to low-skilled employees. Thus, professionals with a particular set of skills or specific qualifications are paid high.

The geographical location of the organization also influences employee salary. An employee against a particular position will be given a salary based on the organization’s geographical location. Geographical location influences the cost of living.

The employee experience level also influences the Salary of the employee. The number of years of experience influences the salary of the employee. If a particular pay band is decided, then the salary range will depend on the number of years of experience within that pay band.

The educational qualification also influences the salary range of an employee. A candidate with a specified qualification is paid more than the candidate who does not have the desired qualification.

A candidate with the desired management experience is paid a higher salary than a candidate who does not have the desired management experience.

Salary is also divided based on the standards of an organization. The organization standard dictates that the salary must be adjusted as per the current inflation. The salary must match the inflation so that the purchasing power is not disturbed.

Indian Human Task Force :

In India, the employee’s hourly wages are directly influenced by the employee’s education level. Therefore, in India, education is one of the critical factors to be considered to decide employee salary. In India, graduate earn more than higher secondary pass employees. Master degree holders earn more than graduation passed employees. A postgraduate student can earn more than a higher-secondary pass employee.

Gender is also one factor to be considered in deciding the employee’s salary. For example, in India, men earn more than females. In India, female employees are underrepresented as compared to male counterparts.

In India, employees who supervise projects earn more than employees in non-supervisory positions. However, female project supervisors earn less than male project supervisors.

Work experience also influences the salary of the employee. Employees with more work experience have a higher salary than employees with less work experience.

In India, salary is also influenced by the ownership of the company. Foreign-owned companies pay high salaries to employees than domestic-owned companies. The size of the company also decides salary, the size of the company is decided by the number of employees working in the company. If the number of employees working in the company is large, then the employee will get less salary than an employee working in a company with a small number of employees.

In India, salary is different in different sectors. For example, in India, the information communication technology sector pays a higher salary than finance, banking, and insurance. On the other hand, education and research have a low salary group compared to transport, logistics, and communications.

Artificial Intelligence Engineering Salary in India :

Artificial Intelligence is the intelligence reflected by machines. Artificial Intelligence applications are in use and influence daily life. Artificial Intelligence is modeling real-life problems and attempting to deliver intelligent solutions. Artificial Intelligence has a wide range of applications, from genetic applications to smartphone applications. Thus computer professionals having noticeable skills in executing the algorithm of artificial intelligence are high in demand.

Post-graduate students with skills in executing algorithms of artificial intelligence earn a high salary in India. An artificial intelligence engineer can work as a machine learning engineer, data scientist engineer, artificial intelligence data analyst, artificial intelligence computer vision engineer, and may also work as business analytics. In addition, artificial intelligence may also work as an algorithm developer.

Each of these profiles has a different working domain and working criteria. Artificial Intelligence engineers are responsible for developing a framework that can solve artificial/real-world problems. Based on the developed framework Artificial Intelligence model is developed. Artificial Intelligence engineer is responsible for maintaining and supervising the model developed using the algorithm of Artificial Intelligence.

Computer professionals with a strong foundation in programming skills are eligible to become artificial intelligence engineers. A strong program foundation is the most desirable skill to become an artificial intelligence engineer.

A computer professional proficient in python programming can use the algorithm of artificial intelligence to model problems. However, to model real-world problems, it is required to understand the object-oriented programming paradigm. Therefore, the concept and principles of object-oriented programming are most used in real-world modeling. Artificial Intelligence algorithms are designed to solve real-world problems. Therefore, an artificial intelligence engineer should have the ability to see the algorithm from an Object-Oriented Programming perspective.

Artificial Intelligence engineers must design an algorithm that has evolving nature. In addition, artificial intelligence must have high programming aptitude and should design an algorithm that can operate a machine without the supervision of the human. Artificial intelligence algorithms are used to design programming codes different from the traditional programming constructs to achieve this.

An artificial intelligence engineer must understand robotics, physics, and mathematics. The theorems, procedures, and principles of robotics, physics, and mathematics are used by artificial intelligence engineers to design, develop, and maintain the model of artificial intelligence. Developed models work without human intervention. Thus they have to be correct in their operations, and to achieve this, mathematical models have to be used. For example, theorem, principles, and procedures of linear algebra, statistics, and trigonometry are used to achieve the correct movement of artificial intelligence-based models. Thus an artificial intelligence engineer must have the ability to work with mathematical concepts and must be well versed with mathematical knowledge.

Artificial Intelligence engineering is becoming one of the most demanding career paths in computer science. It also offers a lucrative salary. The artificial intelligence job sector is also emerging and is attracting fresh graduates to design, develop, and maintain artificial intelligence-based models.

A fresh artificial intelligence engineer can earn about seven lakhs per annum in India, this more than any other engineering graduate. An intermediate artificial intelligence engineering graduate can earn nearly 49 lakhs per annum.

An experienced artificial intelligence engineer can earn up to 98 lakhs per annum; this figure is not limited to 98 lakhs; a skilled artificial intelligence engineer can earn more than 98 lakhs per annum. These figures are subject to change based on the prevailing economic and financial conditions.

To decide the salary of an artificial intelligence engineer in India, skills in machine learning, data sciences, etc., are considered. Along with this, experience is also considered to decide the salary, which may increase the salary of artificial intelligence engineers. Skilled and qualified artificial intelligence engineers are paid more than a fresh engineer.

Artificial intelligence engineers can work in different positions within an organization. Therefore, the job profile of an artificial intelligence engineer may change as per the requirement of the organizations. However, at present artificial intelligence engineers having experience in working with the machine learning algorithm are in demand and earn more money than other engineering graduates. Thus high the experience of an artificial intelligence engineer higher is the salary.

To be competitive and to evolve, it is required that artificial intelligence engineers should keep on improving their skillsets. Artificial intelligence’s salary will be growing rapidly as artificial intelligence is being used in the online shopping and advertising industry, web-based applications, digital/voice assistants, applications that work on smartphones, smart cities, and Infrastructure industries. The artificial intelligence industry is also used to design smart cars and develop applications that provide Cybersecurity.

Since the application area of artificial intelligence is high, the artificial intelligence engineer is getting more salary. Artificial Intelligence engineers are hired to develop applications in the health sector, transport industry, develop robots in the manufacturing industry, and develop applications used in the public administration and associated services.

Artificial Intelligence engineers are consuming the jobs raised in the education sector, food and packaging services, personal care, administrative industry, and health industry. In addition, artificial intelligence engineers are working to develop applications used in construction technology, the entertainment industry, protective services, the transportation industry, and production firms.

Artificial Intelligence engineers are working in the agriculture sector to design and develop applications that farmers use to get assisted and do work intelligently.

Conclusion :

Artificial Intelligence engineers develop machines that act and behave much like humans. Artificial Intelligence engineers can work with machine learning techniques and must understand the world with natural language processing. In addition, artificial Intelligence engineers power artificial intelligence-based applications in Sentiment Analysis, translation of language, and perception-based applications. Artificial Intelligence is providing solutions to real-world problems. Software firms such as Apple, Amazon, Facebook, Google, and Microsoft are using artificial intelligence to deliver solutions to real-world problems.

Artificial Intelligence engineers can also work as data scientists and write programs that can extract data and transform it to be used with applications.