Since 2014, job listings including the terms AI, artificial intelligence or machine learning have grown by 485% as the number of projects in this field surges. During the same period, candidate searches have risen by 178%, meaning there are 2.3 positions for every potential applicant.
Mariano Mamertino, EMEA economist at Indeed, said: ‘’Employers in every sector are keen to utilise artificial intelligence and need workers with the right skills to fill these roles. Our data shows that competition for this shallow pool of candidates is fierce, with the numbers of available roles outstripping potential new hires. The AI sector is likely to keep growing as the potential for the widespread application of the technology, across different industries, becomes more clear. Investing in education and the right skills needed to propel the industry forward will be key to its growth in the coming years.”
Salary does not appear to be a barrier to recruitment, with the average annual pay for a machine learning engineer as at 27th September running to £54,366. Instead, a combination of a thin pipeline in graduates with science, technology, engineering and maths qualifications with possibly unrealistic requirements for previous experience is creating a choke point that could stall the AI revolution before it gets going.