AI Classes & Bootcamps Toronto

Knowledge of artificial intelligence provides a fundamental skill for working in areas of technology such as data science and data analysis that can be used for predicting customer behavior or risk assessment. Toronto is Canada’s largest city and headquarters for several major corporations, including Magna International (mobile technology), Rogers Communications (telecommunications), and the Canadian Imperial Bank of Commerce. As the financial center of Canada, Toronto provides a vibrant economy where people can expect to earn a good salary. Toronto offers a strong economy that provides a large talent pool of people with skills in AI for taking advantage of career opportunities in technology, retail, and finance services.

Trends with AI in Toronto

Toronto represents Canada’s most important economic sector. This includes representing a fertile environment for tech startups and large corporations from outside of Canada looking to take advantage of the availability of people with skills in AI technology. As an emerging location for research, development, and investment, Toronto offers a strong talent base of people capable of applying skills with artificial intelligence.

Industries That Use AI in Toronto

Toronto is the capital of the Ontario province and the largest city in the nation of Canada. Toronto is an ethnically diverse international city that possesses a variety of urban and suburban neighborhoods. Due to its proximity to the United States, Toronto benefits heavily from American businesses but also stands out on its own as one of the most important cities in North America. Toronto serves as the global headquarters for some of the largest companies in the world, including Bay Company, Rogers Communications, and Manulife Financial. Additionally, Toronto’s tech sector has led the way in developing AI technology. Here are some industries that benefit from artificial intelligence.

• Data Analytics: Data analytics using AI helps with automating calculations. Toronto offers people with skills in data analytics who are ready to work in any number of industries for developing artificial intelligence. Data analysis requires skills for finding information to clarify the status of an organization by examining patterns and connections within the numbers that allow Data Analysts to understand how and why a circumstance may exist as well as how a problem might get solved. AI facilitates predictive analytics for anticipating where information may lead in areas such as risk assessment, weather forecasting, or sports analytics.
• Financial Services: Banking and financial services in Toronto use AI technology in several areas such as fraud detection or customizing financial advising. Banks in Canada apply artificial intelligence with data analytics for making decisions on approving loans, detecting fraud, recognizing cyberattacks, and marketing to targeted customers using tailored advertising. AI is also used in online lending for making data-driven decisions based on FICO scores and credit bureau data.
• ecommerce: Both ecommerce and brick-and-mortar retailers in Toronto work with artificial intelligence to develop systems that help customers make online purchases. AI technology enhances the customer experience in many capacities, including recommendations and payment options. Artificial intelligence personalizes shopping through data analytics based on prior visits and purchases. AI technology also helps with managing inventory by identifying which products may be “flying off the shelves” and determining whether those items may need to be restocked. AI works with payment systems and customer fulfillment software that allows people to go from finding what they’re looking for on a website to picking up that item on their front porch.
• Public Service: Cities, provinces, and Canadian government agencies work with AI technology to manage data on statistics related to government services, statistics related to public safety, urban planning, and public health. Municipal and provincial governments leverage artificial intelligence to improve areas of public service as well as efficiency in completing projects.

Careers and Salaries in Toronto Related to Artificial Intelligence

Toronto has an emerging tech sector that offers career opportunities related to skills in artificial intelligence involving computer programming, data science, data analytics, and machine learning. Knowledge of AI technology can lead to employment in areas such as ecommerce, research and development, financial services, and healthcare. Artificial intelligence is at the center of several professions for working in various capacities, anywhere from major corporations to newly established tech startups in Toronto.

• An AI Research Engineer works with AI technology in various capacities to take ideas and research in artificial intelligence and turn that research into real-world functions. AI Research Engineers typically work on model deployment, performance optimization, and infrastructure development. The annual salary for an AI Research Engineer in Toronto ranges from C$56,000 to C$93,000.
• Data Scientists collect, arrange, and analyze data that contributes to decision-making for businesses and government agencies in Toronto. AI technology helps with analyzing data in forecasting, risk management, or allocating government funding. Data Scientists use this information to forecast trends to minimize risks for investors or government agencies by using algorithms and predictive modeling. Data Scientists working in Toronto can earn an income of C$81,000 to C$129,000 a year.
• Solutions Architects provide technical strategies using artificial intelligence for optimizing solutions that align with an organization's business goals. Solutions Architects use AI technology to help improve efficiency and productivity as well as enhance client outcomes. In Toronto, a Solutions Architect can make an average annual salary ranging from C$111,000 to C$166,000. Solutions Architects have responsibilities for implementing solutions that help companies prosper in Toronto's competitive business environment.
• Data Analysts perform data analysis that helps with identifying trends, optimizing predictive modeling, and generating reports. These data analytics include artificial intelligence to work with collected data to predict a likely outcome. Data Analysts have to understand and apply historical data to find patterns within numbers that can help with clarifying the status of a project or solving problems. This includes working in risk assessment and market forecasting. The yearly salary for a Data Analyst working in Toronto ranges from C$56,000 to C$86,000 for gathering information from various sources.