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India Business News: With generative AI creating enormous excitement across industries, demand for professionals skilled in AI and machine learning (ML) is soaring in Indi

For those with 10-15 years of AI/ML experience, salaries go up to between Rs 44 lakh and Rs 96 lakh. Bahadur said AI/ML specialists are expected to get a 12.5% salary increment this year, compared to the expected 9% for the rest of India Inc. HR solutions firm Teamlease said AI and ML roles fetch a salary premium of between 10-15% over other tech roles. In some cases, the premium goes up to 50%.

AI ML Salaries Surpass Other Digital Tech Roles: Aon’s data shows salaries for AI and ML roles are substantially higher than for most other roles, and that product firms pay the most. The annual salary for those with 0 to 5 years of experience in AI/ML at an IT services firm is between Rs 14 lakh and 18 lakh, in GCCs it’s between Rs 16 lakh and Rs 20 lakh, and in product firms, it’s between Rs 22 lakh and Rs 26 lakh. For the same experience level, salaries for other digital tech roles range between Rs 8 lakh and Rs 22 lakh.

Demand for professionals skilled in AI and machine learning is soaring in India

Lionel Kaidatzis, Managing Director of Morgan McKinley Japan, says that organisations can improve the choice of skills available and gain access to experience with cutting-edge technologies if they look at non-Japanese speaking overseas-based professionals.