State of AI, Plus Top Jobs and Salaries
When it comes to Artificial Intelligence, the big question is whether AI will produce more jobs than it destroys in the coming days.
The 2018 Future of Jobs report from the World Economic Forum finds that by 2022, a shift in the division of labor between humans and machines — or AI-enabled automation — will displace 75 million jobs but generate 133 million new ones. Gartner estimates AI will create 2.3 million new jobs in 2020 while eliminating 1.8 million positions. And according to a 2019 Dun & Bradstreet report, 40% of organizations are adding more jobs as a result of adopting AI, while only 8% are cutting jobs because of the new technology.
Indeed found that AI job postings rose 29.1% over the last year. However, that increase is substantially less than it was for the previous two years. AI job postings on Indeed rose 57.9% from May 2017 to May 2018 and a whopping 136.3% between May 2016 and May 2017.
Indeed searched their site for positions with the highest percentage of job descriptions that include the keywords “artificial intelligence” or “machine learning” and these were the results:
The AI jobs with the highest average salaries are as follows:
- Machine learning engineer | $142,858
- Data scientist | $126,927
- Computer vision engineer | $126,399
- Data warehouse architect | $126,008
- Algorithm engineer | $109,313
It's also important to note that interest from job seekers is leveling off. From May 2018 to May 2019, searches for AI-related jobs on Indeed decreased by 14.5%. By comparison, searches increased 32% between May 2017 and May 2018 and 49.1% between May 2016 and May 2017.
Where do you think the future of AI and its relation to employment is headed?