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Is Data Science and Artificial Intelligence in Demand in Sri Lanka?

Agriculture, services, and light industries are the mainstays of Sri Lanka’s economy. Agriculture employs 38 percent of the workforce in the United States and contributes to nearly 21% of GDP.

The Sri Lankan IT market has a promising future, as low levels of IT adoption continue to provide large opportunities for first-time purchasers among homes and businesses. IT industry growth will be aided by the opportunity to catch up in the adoption of IT devices and solutions across the private and public sectors, to levels seen in developed markets. Sri Lanka’s IT industry is well-positioned to benefit from a slew of public and private sector modernization initiatives, as well as the country’s status as a regional outsourcing destination.

Sri Lanka has enormous potential as a destination for tech products and services, with the ICT/BPM industry accounting for the fifth-greatest source of foreign revenue.

Data science is the process of organising and analysing organised and unstructured data sources in order to create actionable plans that businesses can use to improve their performance. These experts use programming, machine learning, risk analysis, and research skills to make the world of data understandable for the rest of the team. Given all of the benefits that clarity provides, it’s no surprise that data science is consistently ranked as one of the top jobs in Sri Lanka.

What are the popular Data Science career paths?

Data science in Sri Lanka is in high demand, and it’s growing at a dizzying pace. This has been made feasible by the rise of varied employment functions across industries, as well as the increase in data and its many kinds. The demand for data scientists and positions will only increase in the next years, owing to the increasing number of data scientists and posts available.

Data scientist, data analyst, data engineer, machine learning engineer, research scientist, business intelligence developer, data architect, statistician, and big data engineer are some of the most common data science job roles.

What is the data scientist’s salary in Sri Lanka?

Yes, data science jobs are among the most in-demand and fastest-growing in the industry. Since 2012, the number of Data Scientist positions has increased by 650 percent, with no indications of slowing down. Data Scientist salaries have climbed in lockstep with demand, and on average, Data Scientists can expect to make six figures.

The data from payscale.com states the average annual data scientist salary in Sri Lanka to be LKR 165,000. In line with glassdoor.com, a data scientist in Sri Lanka earns an average yearly salary of LKR 250,000. Salaryexplorer.com framed the annual salary for a data scientist in Sri Lanka to be 1,720,000 LKR. The growing Sri Lankan IT sector is visible from the explosion of data science in Colombo. As reported by glassdoor.com, The average salary for a Data Scientist is LKR 200,000 per month in Colombo, Sri Lanka.

Is there a demand for data science courses in Sri Lanka?

Due to a scarcity of skilled graduates with a data science background, Sri Lanka is currently unable to meet the predicted demand for data scientists. This has hampered the country’s capacity to profit from the industry’s gains. With a workforce of 200,000 people, Sri Lanka’s IT exports business is quickly expanding, with the potential to reach $5 billion by 2022.

Do you wish to seek a career in data science?

The availability of data has increased dramatically in recent years, as has the demand for data science skills and data-driven decision making. Data science is a profitable and satisfying professional path. DataMites also offer data science courses in Colombo.

The Certified Data Scientist and Data Science Foundation, two of our most popular data science courses, are highly sought-after certifications by data science newbies. Data Science for Managers is a course for professionals in management and leadership roles who want to improve their skills and incorporate data science into their daily job. Python for Data Science is another prominent certification that explains how the Python programming language is beneficial to data science. IABAC, which is based on the European Union framework, has accredited our data science courses. 

For further reference –

How to Become a Data Scientist in 2022?

Data Scientist Career Path – Freshers, Working Professionals, Managers

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

Watch – What is Data Science? 

Artificial intelligence (AI), machine learning (ML), and deep learning (DL) are likely terms you’ve heard in relation to digital transformation and data science. You might be wondering what the connection is between these two topics.

This is due to a lack of popularity, knowledge, experts, requirements, and sponsorship for AI-related software projects, according to the report, The State of Artificial Intelligence in the Sri Lankan Software Industry. The Sri Lankan software sector has reached the maturity required to implement AI in Sri Lanka, and they have already established a presence in potential marketplaces where advanced AI research and development projects in various areas may be found.

What is Artificial Intelligence?

Data science is a multi-step method for examining data and developing insights. It is based on the concept of developing models that use statistical insights to uncover hidden patterns and anticipate outcomes. Artificial intelligence uses computer techniques to give the data model autonomy and to mimic human cognition and understanding.

Refer the video – Artificial Intelligence Course Introduction.

What are the popular career paths in Artificial Intelligence?

It’s no surprise, however, that the AI domain is brimming with job openings — so many, in fact, that the industry is currently confronted with a unique problem: there are too many positions and too few competent individuals. On the plus side, it implies that for those with the skills, employment is nearly guaranteed. The most in-demand jobs in AI in Colombo include big data engineer, AI engineer, business intelligence developer, ML engineer, data scientist, research scientist, and robotics scientist.

How much is the AI salary in Sri Lanka?

Artificial intelligence (AI) is driving continuous innovation in the world of information technology, therefore there’s never been a better time to seek an AI degree than now. The salary package is exceptionally high, which adds even more colour to your chances.

An artificial intelligence developer in Sri Lanka receives an average annual salary of LKR 1,370,000 and a monthly salary of 114,000 LKR. While an artificial intelligence/ machine learning specialist receives an average yearly salary of 1,360,000 in Sri Lanka and a monthly 113,000 LKR in Sri Lanka. (Salaryexplorer.com)

So, how does one get into AI, and what do AI jobs entail?

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.

Check out these articles:

How to Become an AI Engineer in 2022?

Artificial Intelligence Certification Course Fee in 2022.

Conclusion
This rationale is directly related to the predicted expansion of AI usage: as AI becomes more popular, there will be an increasing number of roles for AI and data science specialists to assist in the integration of advanced science into more common business and cultural activities.

About Data Science Team

DataMites Team publishes articles on Data Science, Machine Learning, and Artificial Intelligence periodically. These articles are meant for Data Science aspirants (Beginners) and for those who are experts in the field. It highlights the latest industry trends that will help keep you updated on the job opportunities, salaries and demand statistics for the professionals in the field. You can share your opinion in the comments section. Datamites Institute provides industry-oriented courses on Data Science, Artificial Intelligence and Machine Learning. Some of the courses include Python for data science, Machine learning expert, Artificial Intelligence Expert, Statistics for data science, Artificial Intelligence Engineer, Data Mining, Deep Learning, Tableau Foundation, Time Series Foundation, Model deployment (Flask-API) etc.

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