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Research Outline
Prepared for David R. | Delivered March 23, 2020
Machine Learning Skills
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Goals
To understand the demand for machine learning skills in the current and future job market, in order to inform marketing efforts in this field.
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Early Findings
Machine Learning Overview
Machine learning encompasses skills that help computer systems
increase intelligence
, thus being part of the artificial intelligence (AI) field.
Machine learning happens in
four ways
: supervised learning, unsupervised learning, semi-supervised learning, and reinforcement learning. Various skills are needed for each type of machine learning.
The demand for machine learning/AI jobs has been increasing steadily since
2016
.
The global market for machine learning was $1.4B in 2017, and it is expected to grow to
$8.8B by 2022
.
Creating effective machine learning systems
requires skills
in data preparation, algorithms, automation and iterative processes, ensemble modeling, and
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Machine Learning Skill Demand
AWS Certified Cloud Practitioners
are noted as one of the top 10 fastest-growing skills in IT in 2020.
Machine Learning
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n
g
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n
e
e
r
was identified as a high-paying position with
growing demand
as of 2019.
The average demand for machine learning engineers demonstrated a
344% growth rate
from 2018-2019, with an average annual salary of $146,085 in 2019.
The demand for computer vision engineers has increased from 2018-2019, with a
116% growth rate
, with an average annual salary of $158,303.
Robotic engineer demand has a
128% growth rate
from 2018-2019, with an average annual salary of $99,007.
Job availability for AI and machine-learning positions is predicted to reach
2.3 million
available jobs in 2020.
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