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Sunday, February 25, 2024
HomeNewsThe Rise of the Machines?

The Rise of the Machines?

  • New data reveals a Huge growth in Artificial Intelligence in UK in 2017
  • Near 5 fold increase in AI jobs in just three years
  • But figures from the world’s largest job site Indeed show a significant talent shortage – as vacancies vastly outnumber interest from jobseekers
The Rise of the Machines?

The number jobs in artificial intelligence (AI) in the UK has risen dramatically in the last three years, according to the world’s biggest job site Indeed.

Since 2014 the number of available AI roles in Britain has increased by 485% – representing a significant spike in demand for employees with the appropriate skills for the job.

Yet Indeed’s data also reveals there are over two times as many AI jobs available than there are suitable applicants, with a ratio of 2.3 roles available per candidate searching in the last quarter. Interest in AI roles has risen more steadily by 178% in the past three and a half years, not quite high enough to meet the fivefold surge in postings.

The popularity of software in innovations including smart home devices and customer service chat bots demonstrate how the industry is developing at pace.

Typical roles in AI include Machine Learning Engineers and Software Developers in areas as diverse as banking, universities and commerce. In most cases applicants require previous experience and a degree in a subject like maths or physics, although some may even have qualifications in machine learning.

But despite the sector paying well – the average annual salary for a Machine Learning Engineer1 is £54,366 – the availability of workers with suitable skills simply isn’t keeping up with demand from employers.

While the Government has made high profile attempts to encourage more people take up science, technology, engineering and maths (STEM) subjects and degrees, Indeed’s data reveals that this has yet to feed through to the AI front line.

Mariano Mamertino, EMEA Economist at global job site Indeed, commented:

‘’Employers in every sector are keen to utilise artificial intelligence and need workers with the right skills to fill these roles. Our data shows that competition for this shallow pool of candidates is fierce, with the numbers of available roles outstripping potential new hires.

“The AI sector is likely to keep growing as the potential for the widespread application of the technology, across different industries, becomes more clear. Investing in education and the right skills needed to propel the industry forward will be key to its growth in the coming years.”

Hernaldo Turrillo
Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.
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