How Much do Artificial Intelligence (AI) & Machine Learning Specialists Earn in Malaysia?
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The arrival of Industry 4.0 has also allowed the use of Artificial Intelligence (AI) and machine learning (ML) in our daily lives. It was also noted that digital lifestyle and the digital economy, which fall under the ‘New Millennium’ will continue to support the explosive growth in the areas of e-commerce, e-mobility and e-healthcare. Jobs like artificial intelligence and machine learning specialists are required across industries to help organisations and businesses be more efficient in delivering their products and services, and be more responsive to customer demands in anticipated increased competition.
To sustain the country’s competitive advantages, the need to transform the Malaysian economy via digital empowerment is no longer an option. Digitalisation is crucial to future-proof businesses therefore demand will increase for qualified professionals in Artificial Intelligence (AI) and Machine Learning.
Most of AI specialists work in applied AI to program smart systems that can think like humans. For example, to recognise a face (face recognition), address questions or instructions (chatbot) and solve problems. AI specialists mostly work at research centres of universities, small AI development companies, banking sectors, automotive industries, healthcare facilities and government agencies. In addition, there are many sub-areas of AI such as Fuzzy Logic, Neural Network, Machine Learning (ML) and Natural Language Processing (NLP).
Many of the popular recent applications of AI in industry have been based on Machine Learning (ML), which gives computers the ability to learn, improve business decisions, increase productivity, detect disease, forecast weather, etc
Having said that, salary is one of the important factors for students when choosing the right course to study. After all, the aim of studying is to get a job and the aim of a job is to attain salary that can sustain your future lifestyle and take care of your family. Therefore, in helping students to make this very important decision, EduSpiral Consultant Services has compiled the salary for Artificial Intelligence (AI) and Machine Learning Specialists in Malaysia from various reputable human resource recruitment firms for you to have an idea of the future salary.
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Artificial Intelligence (Ai) – Disrupting Traditional Jobs, Creating Opportunities for a New Generation
Advances in data collection and aggregation, algorithms, and computer processing power have enabled scientists and engineers to make great strides in developing artificial intelligence (AI). Suddenly machines can perform tasks that once required human cognition. In the past, computers could execute only the rigidly defined tasks for which they were programmed.
Now they can be given a general strategy forlearning, enabling them to adapt to new data without being explicitly reprogrammed. Many such “machine learning” systems already have been put to commercial use. Adoption is growing around the world in sectors such as finance, health care, and transport—and these systems are beginning to have an impact on the region encompassing ten countries that make up the Association of Southeast Asian Nations (ASEAN).
Because they can dramatically boost productivity, AI technologies may have a disruptive impact on the region’s economies—and its workers. Previously published MGI research estimated that currently demonstrated technologies
have the potential to automate roughly half of the work activities performed in ASEAN’s four biggest economies: Indonesia (52 percent of all activities), Malaysia (51 percent), the Philippines (48 percent) and Thailand (55 percent). These tasks currently generate more than $900 billion in wages.
(McKinsey Global Institute Report – Artificial intelligence and Southeast Asia’s future)
Increased Job Demand for Artificial Intelligence (AI) & Machine Learning Specialists in Malaysia
The World Economic Forum (WEF) in its Future of Jobs report, characterises Industry 4.0 as the developments of genetics, artificial intelligence, networked devices, robotics, nanotechnology, 3D printing and other smart technologies.
In Malaysia, IT spending in 2018 is forecast to rise 5.7% to RM65.2 billion, faster than the projected global pace of 4.5%. The increased spending will be focus on adopting business digitalisation, blockchain technology and big data to encourage learning and artificial intelligence. According to Kelly Services 2018/2019 Salary Guide, 1 million professionals in the digital space is required in Malaysia by 2025.
The information technology (IT) industry is expected to face a shortage of between 7,000 and 15,000 professionals, as Malaysia rides the wave of the growing digital economy. The industry is currently in need of specialised workers in various IT fields. By 2025, the IT industry will require one million specialised working professionals as the industry is experiencing a rampant growth.
Among the most in-demand skills will be those in the AI and technology/digital fields and companies in the manufacturing sector will be the main users of these technologies to improve efficiencies. In particular, talent experienced in programming languages like Python and Golang will be in strong demand.
For students, those ready to embrace the impending digitisation of all industries and prepare themselves with the education and skills needed to weather transformation will be best placed for the future work place.
How to Have a Successful Career in Artificial Intelligence (AI) & Machine Learning Specialists in Malaysia?
The Fourth Industrial Revolution,
building on the technological
inventions of the Third, is disrupting industries, replacing and even removing jobs at a higher speed.
The World Economic Forum’s
(WEF) Future of Jobs report states
that 65 per cent of children
entering primary school today will
end up working in jobs that do not
exist yet. The report also observes that most specialities currently in demand did not exist five to 10 years ago.
Disruptive labour market changes from the years 2015 to 2020 are expected to lead to significant loss of jobs. The situation is compounded by a global problem:
in many countries, talent tends to be produced at varying levels of quality, often instructed in a syllabus belonging to the past. This results in a common problem
for many nations – the type and quality of talent that enters the workforce is rarely prepared to meet the ever evolving demand of the new marketplace.
Furthermore, graduate employability has also become a concern for Malaysia. Employers recognise the concerns on graduate’s skills gap, such as the lack of industrial training experience and communication skills.
Hence, just choosing the right course doesn’t necessarily ensure a successful future.
Students need to choose the best university that will prepare and equip you with the latest technological know-how as well as the soft skills to enter the job market and move up. EduSpiral has helped thousands of students in choosing their course and university through personalised counseling supported by facts & evidence. WhatsApp 01111408838 to find out how we can help you.
Salary Reports for Artificial Intelligence (AI) & Machine Learning Specialists in Malaysia
2020 Hays Salary Guide Malaysia – Digital Technology – AI (Salaries are yearly in ‘000 RM)
- AI Developer (Java/C/C++/Python) 80 – 192
- AI Global Solution Architect (Java/C/C++/Python) 180 – 360
- Deep Learning Project Manager (Java/C/C++/Python) 180 – 360
- Machine Learning Engineer (Python/Algorithms) 80 – 192
- AI Developer (Math/Vectors/Matrices/Linear Algebra) 144 – 216
- AI Global Solution Architect (Math/Vectors/Matrices/Linear Algebra) 180 – 360
- Deep Learning Project Manager (Math/Vectors/Matrices/Linear Algebra) 180 – 360
RGF Salary Watch 2020 Malaysia