Data Science vs Artificial Intelligence which is better for a placement package?

Asked by Vijay Singh about 1 year ago

Answers 1
Jim Anderson

Jim Anderson

Investment Banking Associate at JPMorgan Chase & Co

Data science and artificial intelligence (AUI) both are some really lucrative lines of work. While they both are popular now, the annual packages they offer are also huge. FOr instance, with a few years of experience, you can easily expect a six-figure salary plus yearly bonus. It’s really a matter of which one you prefer.

If you want a straight answer, the average salary records show that AI professionals are earning bigger salaries. But you have to understand that it is not as it seems. Because AI is still not as involved in the industry as data science. The result is that the prime location for both of these subjects are different. Here take a look -

The average salary of an AI professional in the USA is around $165,000 (around 1.3 crore). However the next best country for the AI profession isin’t UK or Canada, it's Switzerland. The country values AI professionals quite a much. The average annual salary of an AI professional in Switzerland is CHF 149,000 (around 1.13 crore). Hence, it's really about what location do you prefer to set up your career.

On the other hand, data science is more involved in top countries  like the USA, UK and Canada. Plus the earnings are not that different. The average annual salary of a data scientist in the USA is $100,000 to $150,000 (around 78 lakhs - 1.2 crore). The next best location for data science professionals is the UK and Canada.

Data science and AI have many similarities yet they're different. The most significant difference is that data science works on pre-processing analysis, prediction and visualization. Data science is used to analyze samples of data and find things. AI on the other hand is the implementation of a predictive model. It means that it is a set of algorithms that can learn and adapt by itself. It is mostly used to foresee events.

AI is a dedicated niche area while data science is a big concept. There are a ton of areas in data science that use AI on a regular basis. It is moneywise in machine learning reference but you get the point right? Therefore if you are not clear on your career choices, go with data science as the placement package is not much different. But yeah if AI intrigues you more, no second thoughts. Just let me know which one you choose, And in case you need any more help, ask me.


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