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WHY ARE TECHNOLOGY AND ARTIFICIAL INTELLIGENCE GROUPS TRENDING IN CANADA?


Published on July 21, 2023 (updated July 24, 2023)

WHY ARE TECHNOLOGY AND ARTIFICIAL INTELLIGENCE GROUPS TRENDING IN CANADA?

"WHY TECHNOLOGY AND ARTIFICIAL INTELLIGENCE ARE TRENDING IN CANADA"

The technology and artificial intelligence sector is becoming a rapidly growing field globally, and Canada is no exception. With strong investment from the government and private organizations, Canada has become a notable technology and artificial intelligence hub in the world. In this article, we will learn about the technology and artificial intelligence industry groups in Canada.

 

THE POTENTIAL OF THE TECHNOLOGY INDUSTRY GROUP IN CANADA

According to Economy Canada, tech companies are becoming an important part of the Canadian economy. In 2020, the tech industry contributed $117 billion to Canada's GDP. In addition, the tech industry creates more than 1 million direct and indirect jobs for Canadians.

Job opportunities in the tech industry in Canada are increasing. According to Statistics Canada, the number of tech jobs in Canada rose to 1.66 million in 2020, up 5.1 per cent from the previous year. Companies like Amazon, Google and Shopify are looking for manpower to expand their operations in Canada.

The career opportunities of the Technology industry group are very growing in Canada.

 

In addition to growing job opportunities, the salary of the technology industry group in Canada is also very attractive and higher than other industries. According to job search website Indeed Canada, the average salary of tech industry positions in Canada is around 89,000 CAD to 120,000 CAD per year. However, this salary depends on the experience, qualifications and job position of each person.

Tech companies in Canada, especially in Toronto and Vancouver, have regularly hired artificial intelligence experts and programmers, often paying them high salaries. According to the latest statistics from the BC Institute of Technology, programmers in Vancouver earn an average salary of around 76,000 CAD per year, while artificial intelligence professionals have a higher average salary, around 100,000 CAD to 150,000 CAD per year.

In addition, the Canadian government is also facilitating technology companies to invest in the country by providing grants and encouraging research and development activities in the technology industry. This also increases the salaries of professionals in the technology industry group in Canada.

 

DEVELOPMENT OPPORTUNITIES WITH THE ARTIFICIAL INTELLIGENCE INDUSTRY GROUP

Artificial intelligence (AI) is becoming a field with huge job potential in the era of Industry 4.0. With the development of new technologies such as Machine Learning, Big Data, Robotics, and IoT, companies and organizations are looking for employees with AI skills to leverage the power of this technology.

With the development of the industrial revolution 4.0, it is forecasted that AI will replace 40% of jobs in the next 15 years, which shows the potential of artificial intelligence in creating new job opportunities. Jobs that are required to use artificial intelligence include analyzing data, designing and building AI systems, developing AI applications, AI training and coaching, and much more. Besides, AI technology is applied in many sectors such as healthcare, finance, retail, manufacturing, and more. This advancement creates a huge demand for AI professionals capable of developing and deploying AI solutions.

Artificial intelligence is becoming a career trend not only in Canada but also in many other countries

 

In terms of salaries, AI experts in Canada often receive high salaries. According to job search sources like Indeed Canada and Glassdoor, the average salary of AI-related positions in Canada ranges from CAD 80,000 to CAD 150,000 per year, depending on the individual's position, skills, and experience. Key positions in the field of AI include AI researcher, machine learning engineer, natural language processing specialist, data analyst, and robotics specialist.

In addition to attractive salaries, AI also provides a variety of job opportunities in Canada. Big tech companies like Google, Microsoft, Amazon, and many startups are investing heavily in AI and looking for personnel with AI skills to develop new products and services. In addition, research institutions and AI research institutes also create job opportunities for professionals in the field.

Canada also promotes the development of the field of AI through supportive policies, training programs, and industry-education cooperation. The Canadian government invests in major AI projects and builds AI technology clusters, such as Toronto-Waterloo, to attract AI experts and companies.