The demand of artificial intelligence is continuously increasing across Industries in India.

Applications of artificial intelligence are relentlessly growing, touching every aspect of business operations and society. Today, AI has become integral to diverse industries and revolutionized the way organizations perform and make decisions. As business leaders and innovators race to reach the promise of this disruptive technology to gain a competitive edge, job opportunities in AI are in high demand. This growing need of AI experts from businesses will significantly disrupt economic activity in a big way.

As AI has a high learning curve, succeeding in this field requires germane skills and knowledge, and investment of time and energy. Let's have a look at the top AI salaries, with hottest job profiles in India in August 2020.

Machine Learning Engineer

Machine Learning Engineers are the one who responsible for creating machine learning models and retraining systems. Their ultimate goal is to shape and build efficient self-learning applications. A machine learning engineer typically requires to have proven experience as a Machine Learning Engineer or similar role; understanding of data structures, data modeling and software architecture; knowledge of math, probability, statistics and algorithms, along with programming languages like Python, Java and R. He/she also must be familiar with machine learning frameworks such as Keras or PyTorch and libraries like scikit-learn. The national average salary of a Machine Learning Engineer in India is INR 7,61,552.

Average salary: INR 7,61,552

Salary range (per year): INR 3,44,000 – INR 1,567,000

Artificial Intelligence Specialist

Artificial intelligence specialists typically program computers to think. They use AI for security purposes, to recognize faces and identify whether the person is who they claim to be. Most AI specialists work in applied AI, with the purpose to program computer smart systems, while some work in cognitive simulation, wherein computers are used to test hypotheses about how the human mind works. Artificial Intelligence Specialists work for the research centers of universities, small AI development companies, and the growing numbers of large corporations that are maintaining in-house AI groups. The typical average salary of an Artificial Intelligence Specialist in India is INR 21,86,857.

Average salary: INR 21,86,857

Salary range (per year): INR 2,187,000 – INR 2,187,000

Artificial Intelligence Software Engineer

The roles of Artificial Intelligence Software Engineers span the entire AI stack. They will need to demonstrate software skills and broaden their expertise by using or creating new tools, techniques, and processes. They will require to set up and manage AI development and production infrastructure; assist AI product managers and business stakeholders to understand the potential and limitations of AI when planning new products; build data ingest and data transformation infrastructure, and identify transfer learning opportunities and new training datasets, and more. AI Software Engineers must have demonstrated proficiency in multiple programming languages with a strong foundation in a statistical platform such as Python, R, SAS, or MatLab. The average salary of an Artificial Intelligent Software Engineer is INR 360,319.

Average salary: INR 360,319

Salary range (per year): INR 343,000 – INR 825,000

Lead Data Scientist

A lead data scientist is accountable for managing the data science team, planning projects, and creating analytics models. He/she require to leverage large volumes of data across sources in a variety of forms. Lead data scientists are also responsible for leading the development of analytics-focused products and using cutting edge machine learning, natural language processing, and mathematical techniques to develop powerful sciences. They perform a wide range of functions to enable innovation and stimulate the application of best methods and technologies in an organization's big data environment. The average salary of a Lead Data Scientist in India is INR 21,88,718.

Average salary: INR 21,88,718

Salary range (per year): INR 1,305,000 – INR 3,311,000

Algorithm Engineer

Algorithm Engineers create cost-effective scalable systems and build innovative algorithm solutions. They develop an algorithm system that records all operations and can be maintained by the team. An Algorithm Engineer's responsibilities revolve around experimenting with innovative ideas and work in a creative environment; evaluating, maintaining and upgrading new and old systems; and managing design, development and deployment of scalable, high volume and real-time system. He/she also require to assist the project team in communicating and implementing project schedules; create enhanced algorithms for finger detection systems in cell phones and laptops; design and develop algorithms and programs for Optical Propinquity Correction and more. The typical average salary of an Algorithm Engineer in India is INR 7,32,301.

Average salary: INR 7,32,301

Salary range (per year): INR 299,000 – INR 3,246,000