Machine learning will continue to be an important skill in the future. But where will demand for ML skills be highest? Which industries will need ML skills most? Where can you find the best jobs with the most opportunities? These are all questions you may be asking yourself as you begin exploring career options. We see AI and machine learning permeating almost every field today. From healthcare to marketing, even blue-collar manufacturing jobs are feeling the effects of big data and AI-powered computer algorithms. The implications of this go far beyond a single profession or industry.

According to recent insights from Gartner, the Machine Learning industry is expected to hit $62 billion by the end of this year globally. The upending of old ways has created new opportunities in both emerging and traditional fields. From writing your resume to researching potential employers, this article covers everything you need know about the future of machine learning and which industries have the most demand for these skills right now. Also reported by the New York based technical recruiting company, Edison & Black - ML demand is growing more quickly than the pace of new talent.

What is Machine Learning?

Machine learning is a type of artificial intelligence (AI) in which computer algorithms are trained to act without being programmed. In other words, computers learn to recognize patterns and make decisions as humans do — by being given information and drawing conclusions based on that data. These algorithms are like a black box: You input information, and they produce a response based on an analysis of that information. Companies use machine learning to enhance customer service, optimize supply chains, and more. And these businesses are hungry for data scientists who can create these algorithms, as well as engineers who can build the systems to host them. If you’re new to the field, it can be helpful to think of machine learning as a bridge between automated tasks and human decision-making. In some cases, algorithms are capable of making decisions without any human oversight. But in others, they can act as a valuable supplement to human decision-making. In some industries, machine learning is even being used to automate the hiring process.

3 Industries with the Most Demand for Machine Learning Skills

With so much of the business world pivoting towards AI and machine learning, it’s no surprise that the demand for these skills is high in many industries. To find out which industries will need the most machine learning skills in the future, we consulted the job search and career advice site, Indeed. They provided us with data on the top industries with the most demand for machine learning skills based on job postings in each industry.

These are the top 3 industries with the most demand for machine learning skills, followed by the percentage of job postings that mention machine learning skills:

• Healthcare: 23%
• Retail: 19%
• Consulting: 18%

The Future of ML in Business

Businesses are increasingly adopting AI and machine learning. According to a 2018 survey by the MIT Sloan Management Review, more than half of executives surveyed say that their companies use AI and machine learning as part of their business models. While it’s clear that businesses are adopting AI, there are questions about how far these technologies will go. While some industries will likely continue to see an increase in demand for AI and machine learning, others may peak in the near future. As technology progresses, some fields will be ripe for disruption by new technologies. We can’t know for sure what the future holds for AI and machine learning. However, we do know what skills will be needed to make the most out of these technologies. Some common skills that businesses are looking for when hiring for AI and machine learning roles include expertise in computer science, statistics, data analysis, programming languages like Python and R, and machine learning frameworks like TensorFlow and scikit-learn.

2 More Industries With the Highest Demand for ML Skills

The healthcare and retail industries aren’t the only ones that need machine learning skills. There are many other industries that are also currently experiencing a high demand for AI and ML skills, including:

Online retail: Retailers are increasingly leveraging AI and machine learning to personalize the online shopping experience. From online product recommendations to chatbots that answer customers’ questions, these technologies have a wide variety of applications that help improve the customer’s experience.

Financial technology: Financial tech companies are increasingly leveraging machine learning techniques to provide better services, from fraud detection to investment advice. Travel: The travel industry is embracing AI and machine learning to increase efficiencies and provide better customer experiences. Health care: Health care organizations are using AI to improve patient care and reduce costs. Food and beverage: This industry is leveraging AI to improve supply chain management and product discovery.

Conclusion

The future of machine learning promises many exciting developments. It’s important to keep your eye on these developments and be prepared to pivot when necessary. As these technologies continue to evolve, there will be more opportunities for skilled professionals.