Data Science and Artificial Intelligence Demand in Colombo

Datamites Team Datamites Team
Feb 28, 2023 Updated: Mar 13, 2024
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Data Science and Artificial Intelligence Demand in Colombo
Data Science and Artificial Intelligence Demand in Colombo

Data science and artificial intelligence are two of the most profitable technical industries worldwide. It would be astonishing if we were unaware of these fascinating, extravagant areas given how much they have practically changed almost every part of our life.  The amazing ascent Sri Lanka has made in the fiercely competitive world of innovation is beginning to draw attention, and properly so. The market for data science and artificial intelligence in Sri Lanka most particularly, Colombo is rising higher by leaps and bounds. 

What is Data Science and Why it Matters?

Data has become a commodity more precious than oil and gold in the “data era,” which digital technology has ushered in. With more people having access to the internet, the volume of data generated globally every day is unprecedented and is anticipated to keep growing. Any method that makes use of structured or unstructured data to meet business or technological needs is referred to as data science. Data science is largely concerned with gleaning insights from data for data-driven decisions by combining statistics, programming, machine learning, and maths. 

Companies all around the world are having difficulty making sense of the enormous amounts of data at their disposal; however, an even greater challenge will be figuring out how to manage the much larger datasets of the future. As firms sustain themselves through data-driven insights, demand for data science personnel is rising. Are you curious to find out more about one of the most in-demand professions today? 

A business’s ability to compete more effectively in its markets, boost overall revenue, and achieve greater success can all be attributed to the organization and analysis of company data. Given this central role in business decision-making today, data science is thought to have sparked the fourth industrial revolution. Businesses have come to understand the immense importance of data processing and analysis. The domains of business, accounting, education, science, engineering, healthcare, technology, the energy industry, and government are all impacted by data science. 

Data scientists are in great demand, and data science is currently the most in-demand skill, which is not surprising given the talent shortage and the variable rate at which data volume is growing. These positions are in extremely high demand, and there is a severe lack of supply, particularly for Data Scientists. With the large number of prospective data scientists who are entering the labor market, the supply-demand mismatch will undoubtedly constrain its growth. 

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Data Science Careers in Colombo

The World Innovation Index placed Sri Lanka in the Top 20 Asian economies in 2020. It’s worth noting that most of the technological advancements in the country are happening through the capital city, Colombo, which is a rising star in the technology sector. According to LinkedIn‘s Emerging Jobs Report, data science is the field with the fastest growth overall. From $37.9 billion in 2019, the market is expected to reach $230. 80 billion by 2026.

As it works with common data analysis that offers insights to decision-makers, job prospects in data science are much larger. The vast potential for success exists in this profession because of its quick expansion, provided you have the talent that employers are looking for. Jobs in data science have a very bright future in Colombo, and individuals who start working in this industry today will be well-positioned to build a successful careers.

  • Statistician
  • Database Administrator
  • Business Intelligence Analyst
  • Data Scientist
  • Marketing Analyst
  • Data Analyst
  • Data Mining Specialist
  • Infrastructure Architect
  • Machine Learning Engineer
  • Business Analyst
  • Database Developer
  • Data Engineer
  • Applications Architect
  • Data Architect
  • Enterprise Architect
  • Machine Learning Scientist

Although the subject of data science has a promising future, growing competition in the job market makes it difficult for job seekers to break into the sector. Let’s just say that if you do manage to get into data science, you’ll probably make an interestingly profitable wage.

How much does a Data Scientist earn in Colombo?

Despite the fact that data science’s worth has only just been realized, businesses from all over the world are vying for access to this cutting-edge field of knowledge. Data science is an attractive and in-demand career option since job seekers frequently earn amazing benefits packages in addition to a respectable income. 

The pay for the position has increased as well due to the rising demand for data scientists and other data science roles. At the moment, this position is one of the highest paying in the sector. One of the most in-demand job titles today is “data scientist,” and those with that title are among the highest salaries in the industry. According to Glassdoor.com, the average data scientist’s salary in Colombo is LKR 540,000 a month!

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Necessary Skills to Have in Data Science

First, there is a mismatch between skill sets and employment demand, with more positions open than qualified candidates. In Colombo, the field of data science has a bright future. As a result, there is competition in the employment market, making it challenging for job seekers to enter the data science industry. 

In addition to a shortage of new talent, the majority of people interested in a career in data science lack the necessary abilities to do the work. Hard data science skills only account for a small fraction of the job done by data science specialists; the abilities they need go far further. Soft skills are as crucial for data scientists if they are to make the most of their remarkable technical ability and help corporate executives make sense of data. 

Excellent business judgment, great communication abilities, a commitment to teamwork, adaptability, and critical thinking are all desirable traits. In order to utilize our unique human characteristics, we should all be working to build these soft skills in data science, which will be even more critical in the future of work.

When there are so many incredibly brilliant people available and eager to meet the rising demand, how can you possibly hope to realistically compete? Now, if you want to set yourself apart from the competitors, there is just one choice you can make: top-notch data science courses in Colombo.

DataMites – Data Science Courses in Colombo

You now have the power. Are you ready to invest your time and effort into learning about data? You will never regret making the investment to learn the principles of data science. The time to act is now, and you should act quickly.

You can learn about the most recent technical developments, develop the skills necessary to start a prosperous career in the rapidly expanding field of data science, and create a personalized career path for yourself with the aid of DataMites.

DataMites, a reputable source of data science training in Colombo, will educate you on both fundamental and sophisticated data analytics and data science methodologies using both a theoretical and practical approach. Consequently, you’ll be prepared to handle business issues unique to your industry.

Particularly our industry-focused data science courses in Colombo adhere closely to the high criteria set by the renowned IABAC. The resource personnel of DataMites is informed about market expectations and trends. Online data science training in Colombo is a convenient approach to learning and comprehending data science without having to travel, without being limited by time, and using internet technology to accelerate your learning.

The top data science credentials we provide in Colombo are as follows:

  • Certified Data Scientist
  • Data Science Foundation
  • Statistics for Data Science
  • Data Science for Managers
  • Python for Data Science
  • Diploma in Data Science
  • Data Science for Operations
  • Data Science for Marketing

The most significant development in data science, despite the fact that methodologies and techniques had greatly advanced, was the invention of artificial intelligence (AI). Let’s continue learning about AI.

What is Artificial Intelligence and Why it Matters?

Artificial intelligence, or simply AI, refers to a group of sophisticated computer algorithms that imitate human intelligence. AI-programmed computers are able to “learn” as they operate, getting better at solving particular sorts of issues as they accumulate more data. 

There are numerous notable instances, such as Uber drivers who use maps to direct them along the best route, self-driving cars being developed by top technology companies, and Alexa listening to your queries and providing answers that are far more intelligent than you would think! The outcomes of an emerging AI revolution will change the way you live and work. It is also anticipated that AI will lead to the development of new types of brain-inspired circuits and architectures that are able to make data-driven choices faster and more precisely than a human person!

But hey, that doesn’t mean that AI would replace humans! Societies and economies are changing as a result of artificial intelligence (AI). The truth is, artificial intelligence can help humans use their energy and expertise to do the tasks that essentially need human expertise! The majority of industries are adopting it because it improves the speed, efficiency, and precision of human operations.

With this in mind, AI jobs are likely in great demand because artificial intelligence has revolutionized the world economy. You can for sure count on AI to bring you some of the most astonishing and unpredictable innovations of the twenty-first century. The labor market will undoubtedly show a rising demand for AI talent as a result of this development. 

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Artificial Intelligence Careers in Colombo

Today, Sri Lanka is creating room in the major global innovation and startup clusters. The city of Colombo is markedly witnessing the growth in artificial intelligence and more and more people are coming up interested to pursue a career in the artificial intelligence domain. 

With the growing use of AI models in conventional business and the release of new AI products, the number of AI jobs in Colombo is quickly catching up. By 2025, experts estimate that the worldwide AI software market will be worth $126 billion. This proves that jobs in artificial intelligence are unlikely to become outdated, making them future-proof.

According to a 2019 Gartner poll, 37% of commercial organizations have AI systems in place at work! Hence, organizations will face pressure to keep an eye out for AI-trained personnel. In the upcoming years, there will be an even greater need for qualified AI specialists, a scarcity that already exists. Thus it makes perfect sense for you to consider this developing field, obtain the necessary education, and start on the path to a fantastic career. Some of the AI job opportunities in Colombo can include:

  • AI Engineer
  • Robotics Scientist
  • Data Scientist
  • Big Data Engineer
  • Robotics Engineer
  • NLP Engineer
  • Big Data Analyst
  • Computer Vision Engineer
  • ML Engineer
  • Research Scientist
  • Software Engineer

How much does an AI Engineer earn in Colombo?

AI will have a significant impact on marketing, engineering, robotics, space exploration, and military applications. And do I really need to mention the companies that are searching for the most intelligent experts in AI? These are only a few of the top companies: Amazon, Facebook, Uber, Intel, Samsung, Google, IBM, Accenture, Adobe, Microsoft, and others.

How much do artificial intelligence engineers make is the most crucial query? There is no definitive response. The income of an AI engineer is influenced by a number of variables, including the business, job title, nation, and even city. Yet, experience is the most crucial factor. An artificial intelligence engineer’s salary in Colombo is by far the most common justification offered by aspirants to the field of data science. 

The salary for AI is beyond a shadow of a doubt excellent in every way! According to salaryexplorer.com, the average salary for an artificial intelligence developer in Sri Lanka is LKR 114,000 a month.

There are thousands of people who want to work in artificial intelligence, but the problem is that they don’t know how to do it. The first and foremost step to that is knowing what skills are necessary to make it big in the data industry. 

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Necessary Skills to Have in Artificial Intelligence

The skill routes of data science and artificial intelligence (AI) in this industry often have a lot of overlap. A solid grounding in mathematics and algorithms, familiarity with machine learning techniques and libraries, and expertise with artificial neural networks are necessary for understanding artificial intelligence and machine learning. They comprise many programming languages, such as Python, Java, C++, and R.

Do you have any inquiries about the significance of soft skills in a technologically focused field like artificial intelligence? I can guarantee you that the answers to your inquiries are simple. Yes, in today’s technologically advanced world, soft skills are highly valued. Many professionals may find that the secret to a successful future in AI is in their ability to recognize the value of soft skills like teamwork and communication skills, market awareness, the capacity for problem-solving, and management and leadership skills. Advancement in any IT-related employment will likely be challenging without these AI skills.

The future of technology is artificial intelligence. Learning AI is the best course of action if you want to launch a career in AI that is stable and has a lot of room for expansion.  You can either launch your own AI business after receiving training from a reputable institution or find employment as an AI specialist in Colombo. 

DataMites – AI Training in Colombo

An artificial intelligence certification in Colombo gives you that extra edge over the skilled pool and reassures big data recruiters that you have the real-time capability to execute data science in a smarter, quicker, and more efficient manner. 

DataMites’ artificial intelligence courses in Colombo will prepare you for a career in AI with a firm grounding in the field’s guiding principles and a focus on skills that are in line with consumer needs. For its artificial intelligence training in Colombo, DataMites has received IABAC accreditation. You are waiting in line to enroll in the best certification programme, which also gives you the chance to complete an internship and study with the industry’s top academics.

The DataMites Artificial Intelligence Courses in Colombo address every step in-depth necessary to become a skilled and credentialed AI Professional in the city. The courses cover more material and provide applicants with sufficient hands-on experience to secure a job. We provide a variety of artificial intelligence certification courses, including;

  1. Artificial Intelligence Engineer
  2. Artificial Intelligence Foundation 
  3. Artificial Intelligence for Managers
  4. Artificial Intelligence Expert
  5. Certified NLP Expert

End Note

Data Science and Artificial Intelligence are equally prominent domains. Therefore it’s understandable to start to wonder: Where to begin? For those who are aware of the growing need for data science and AI expertise and wish to jump on board, this is an especially important question. To get started on the career path that’s best for you, choose a profession that most closely aligns with your skills, interests, and requirements for the most in-demand jobs in the industry.

DataMites offers training in both data science and artificial intelligence to help you acquire the best knowledge techniques in each field. Your journey to a fulfilling job in the field of your interests begins here.

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