What Malta’s new AI strategy means for programmers and developers
After Malta’s success at becoming the ‘Blockchain Island’, the Maltese government have turned their attention to Artificial Intelligence.
Their vision is to replicate what they did with blockchain by turning AI into a new economic niche that will positively contribute to the country’s, and the sector’s growth. As the first step in this direction, the government has launched a new AI Strategy that places Malta among the top 10 countries in the world that have such a strategy in place. Their objectives include building awareness of key topics and building an industry that is mindful of ethics, transparency, socially responsible AI, and regulatory and fiscal measures.
The strategy was launched by Prime Minister Joseph Muscat and Parliamentary Secretary for the Digital Economy Silvio Schembri at the Delta Summit earlier this month. Called “Malta the Ultimate AI Launchpad: A Strategy and Vision for Artificial Intelligence in Malta 2030” aims to ensure that all the benefits brought about by AI in Malta will benefit every segment of Maltese society.
Developed on three pillars- investment, startups, and innovation, public sector adoption, and private sector adoption they will drive development and adoption of AI locally. Within these pillars will be a big focus on education and the workforce. A number of higher education programmes will be equipped with AI knowledge and measures will be introduced to enable workers to develop their digital skills.
There will also be a big drive on seeking to promote awareness and enable companies to develop and integrate AI within their organisations. These support measures will be in the shape of technological expertise and financial assistance and incentives. Initiatives will also be put in place to encourage investment, research and development with startups whilst increasing Malta’s visibility as a hub for AI adoption and application.
The global AI industry is expected to reach some $3.9 trillion in 2022 and it will come as no surprise to know that AI skills are more and more in demand. As AI skills are in such demand, the salaries for qualified professionals are understandably high. A machine learning engineer could expect to learn up to EUR 100,000 a year as it is the highest paid job role in the industry. Salaries in the AI sector have gone up 5.8% over the last year, way above the industry average and things don’t look like they will be slowing down any time soon.
All in all, the demand for AI professionals increased 29% from May 2018 to May 2019 with a general consensus that there are not currently enough skilled individuals to keep up with the number of open positions.
With over 133 million new jobs expected to be created by 2022, this is the time to move into this dynamic sector. Software engineers, programmers, computer scientists, data scientists, and deep learning engineers are all in demand and it seems like Malta is going to be at the centre of it all. If you are a coder, programmer or engineer looking for a job in AI, Malta is the place to be.
Authored by the Finerton.com News Team (Malta)
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