Mumbai may not match Bangalore when it comes to the startup scene. However, that doesn’t change the success stories of various startups in 'The City Of Dreams', such as Quikr, Purple Squirrel, Grabhouse, Doormint, Pepperfry, etc. There are more than 100 Artificial Intelligence startups in Mumbai, including Eightfold, Webaroo, CreditVidya, etc. Data has become an important part of these companies.
According to a study done by Analytics India Magazine, the AI industry has grown by close to 30 per cent in the last one year to USD 230 million. Yet, over 4,000 positions in India remain vacant due to a shortage of qualified talent at the mid and senior level.
Here are some other top reasons to learn Machine Learning:
- It reels in better job opportunities:
According to a report published by Tractica, by the year 2025, the services driven by AI will reach about $19.9 billion. More and more corporations are now incorporating Machine Learning in their business. This allows machine learning engineers to have better career opportunities.
- Machine Learning engineers earn a pretty penny:
According to Analytics India Magazine, Mumbai is the highest paymaster in AI, at almost Rs 15.6 lakh per annum, followed by Bengaluru at Rs 14.5 lakh, and Chennai, the lowest paymaster, at Rs 10.4 lakh.
- Demand for Machine Learning skills is only increasing:
Since the demand for machine learning is so high, there is just not enough talent. And as more and more companies are shifting towards the field, this demand is only going to rise. Currently, there are 90 Artificial Intelligence jobs available in Mumbai.