Is Data Science and Artificial Intelligence in Demand in Hong Kong?

Hong Kong’s economy is a well-developed free-market economy. Low taxation, nearly free port trade, and a well-established international financial sector distinguish it. The top surging industries in Hong Kong are; financial services, tourism, trading and logistics, and professional and producer services. They have been the engine of Hong Kong’s economic development, boosting the expansion of other industries and creating jobs. In Asia, Hong Kong is a hotbed of innovation. The city is at the vanguard of cultivating a new generation of innovators to power the next phase of global innovation in areas spanning from business and finance to IP and design.

The start-up environment in Hong Kong is flourishing. In Hong Kong, the number of start-ups is expected to increase by 6% to 3,360 by 2020, employing over 10,000 people. The four important areas for Hong Kong’s innovation and technology industry have been recognised as biotechnology, artificial intelligence, smart cities, and financial technologies.

Data science is a vast branch of research that focuses on data systems and processes with the goal of sustaining and deriving meaning from data sets. It uses statistical and mathematical tools, including as data mining, multivariate data analysis, and visualisation, as well as computer science and even machine learning, to extract knowledge from data and provide both insights and decision paths.

What are the popular Data Science career paths?

Data Science in Hong Kong is not only a lucrative option, but also the demand for data science professionals is soaring. According to the US Bureau of Labor Statistics, data scientists and other computer and information research employment are predicted to expand 15% between 2019 and 2029. This is a significantly faster pace of job growth than the national average of 4% across all occupations. A profession as a data scientist is in high demand right now. Data analyst, data engineer, machine learning engineer, research scientist, business intelligence developer, data architect, statistician, and big data engineer are some of the other common data science job roles.

What is the data scientist’s salary in Hong Kong ?

In 2017 and 2020, data scientists and analysts have risen to the top of the “Top 10 Most In-Demand Tech Jobs in Hong Kong.” Data scientists and analysts’ wages are also steadily increasing. The rapid growth of data science in Victoria city, Hong Kong has produced a plethora of new and intriguing options for data science graduates.

According to glassdoor.com, the average data scientist salary in Hong Kong is HK$40,000 per month. The data from payscale.com states the average annual data scientist salary in Hong Kong to be HK$409110. The salaryexplorer.com states that the average salary for a data scientist in Hong Kong is 58,100 HKD a month. Salaryexpert.com, gives the data scientist salary in Hong Kong to be 58,100 HKD.

Do you wish to seek a career in data science?

DataMites provides data science courses in Hong Kong . We offer specialised data science courses for people of all levels, from complete novices to working professionals and managers. DataMites provides data science foundation, certified data scientist, data science for managers, data science with python, statistics for data science and data science in marketing courses.

Refer these articles for more info:-

Data Scientist Career Path – Freshers, Working Professionals, Managers

How to Become a Data Scientist in 2022?

What are the Fees of Data Science Certification Courses in 2022?

Data science is a broad term that encompasses machine learning, artificial intelligence, and big data. As a result, if you want to be successful in this sector, you have a choice of educational alternatives and specialities to choose from.

Watch the video to know What is Data Science? 

What is Artificial Intelligence, and how does it work?

Vendors have been trying to incorporate AI into their products and services as the excitement surrounding AI has grown. Artificial intelligence (AI) systems work by consuming massive volumes of labelled training data, analysing the data for correlations and patterns, and then using these patterns to forecast future states.

What are the popular career paths in Artificial Intelligence?

It’s no surprise, however, that the artificial intelligence in Hong Kong is brimming with job openings — so many, in fact, that the industry is now confronted with a unique challenge: There are far too many job openings and far too few suitable applicants. On the plus side, it implies that for those with the skills, employment is nearly guaranteed (and well-paid).

Hong Kong is thriving with opportunities and AI in Victoria city offers a diverse range of career opportunities, allowing you to take on a variety of tasks and responsibilities depending on the role, your experience, and your interests. The most in-demand AI job roles include big data engineer, AI engineer, business intelligence developer, ML engineer, data scientist, research scientist, and robotics scientist.

How much is the AI Expert salary in Hong Kong?

As per salaryexpert.com, the average Artificial Intelligence Engineer Salary in Hong Kong is HK$703,194 per annum. An entry level engineer artificial intelligence (1-3 years of experience) earns an average salary of HK$494,738. On the other end, a senior level engineer artificial intelligence (8+ years of experience) earns an average salary of HK$876,742.

As per payscale.com, a person with skills in AI receives an average salary of HK$600,000 per annum. An AI Engineer in Hong Kong receives an average monthly salary of HK$18,000.

Are you up for an AI career?

Artificial intelligence (AI) specialists are in greater demand than ever before, as artificial intelligence becomes a more widely used and expanding kind of technology.

Attaining Artificial Intelligence Certification Training from DataMites is undoubtedly the best move you can make. DataMites is a global institute for data science and artificial intelligence training. A complete grip over AI is possible only after getting trained by experts with decades of experience in the industry. DataMites AI Engineer Certification Training is specially designed for professionals development in the field of data science and artificial intelligence.

Read –

How to Become an AI Engineer in 2022?

Artificial Intelligence Certification Course Fee in 2022.

What is the Salary of an AI Expert in the Asia Pacific Region?

Conclusion
Machine learning, data science and artificial intelligence are all driving forces behind this technological explosion. Having certification training in the subject matters can be of help to candidates wishing to mark their grade in the fields. DataMites is accredited from IABAC.

Check out the video – Artificial Intelligence Course Introduction.