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Is Artificial Intelligence a Good Career?

  • July 10, 2023
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Meet the Author : Mr. Bharani Kumar

Bharani Kumar Depuru is a well known IT personality from Hyderabad. He is the Founder and Director of Innodatatics Pvt Ltd and 360DigiTMG. Bharani Kumar is an IIT and ISB alumni with more than 18+ years of experience, he held prominent positions in the IT elites like HSBC, ITC Infotech, Infosys, and Deloitte. He is a prevalent IT consultant specializing in Industrial Revolution 4.0 implementation, Data Analytics practice setup, Artificial Intelligence, Big Data Analytics, Industrial IoT, Business Intelligence and Business Management. Bharani Kumar is also the chief trainer at 360DigiTMG with more than Ten years of experience and has been making the IT transition journey easy for his students. 360DigiTMG is at the forefront of delivering quality education, thereby bridging the gap between academia and industry.

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How Artificial Intelligence will Change the future?

Artificial intelligence (AI) and Machine Learning have started shaping the future, and the demand in searching for skilled engineers is exponentially increased in the country. As per the global Market Survey that is done for the future of AI, the Machine Learning and Artificial Intelligence market is projected to be worth almost more than $31 billion approximately by 2024.

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The IT revolution is centred on artificial intelligence, which is constantly improving. Applications based on Computer Vision, Speech Analysis, and Natural Language Processing are needed in many areas of industry and society as a result of AI, and this trend will continue in the future.

According to statistics, it is predicted that by 2030, there will be a 31.4 percent increase in the need for skilled or trained experts, which will lead to an increase in the demand for jobs for AI analysts, engineers, researchers, technicians, data scientists, big data engineers, and mathematicians. The AI field is expanding along with the career opportunities, so AI has a broad career outlook in many fields.

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Work in a range of industries with life-changing technologies is possible with AI. Medical personnel are assisted in quickly identifying and diagnosing disorders thanks to AI support in several sectors. AI is used in the business sector to assess performance metrics, the manufacturing sector to manufacture bigger equipment, and the transportation sector through self-driving cars. Candidates with the necessary skill set are compensated highly for their work, with an average compensation range between $95,000 and $125,000 per year.

The majority of experts forecast future events and offer their knowledge gained from their experiences and contributions to society in order to upskill young people and increase their skill set for snatching the future. According to a Forbes prediction, there are more specific difficulties that are generating more employment in the industry, with a rise of 40% over the next six years.

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Scope of Artificial Intelligence in various fields

Artificial Intelligence is still in its early stages of adoption in India, but it is gradually being used to find smart solutions to modern problems in almost all major sectors, including agriculture, healthcare, education, infrastructure, transportation, cyber security, banking, manufacturing, business, hospitality, and entertainment. This page is for anyone interested in taking an Artificial Intelligence course. Candidates will have an understanding of the extent of Artificial Intelligence in India by reading this article. Artificial intelligence has a bright future in India, with many businesses opting for AI automation. To locate an appropriate work role based on your skills, you must first comprehend recent breakthroughs in AI.

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Scope of Artificial Intelligence in various fields

Artificial Intelligence isn't just for homes and businesses; the medical and aviation industries are also utilising AI to improve their services. If AI outperforms human labour, then implementing AI automation will save a company money in the long term. The logistics business is buzzing about automation in running vehicles, as it is predicted that autonomous trucks and vehicles will be available shortly. Many AI start-ups are predicted to grow in number in the next few years, thanks to Artificial Intelligence's great prospects. The number of AI start-ups in India has risen dramatically in recent years, indicating the potential.

Businesses do not want to miss out on any type of technology that revolutionises their processes. The importance of Data Analytics by firms is also increasing every year, and AI enhances the accuracy & speed of the data analytics process. The logistics business is buzzing about automation in running vehicles, as it is predicted that autonomous trucks and vehicles will be available shortly. Furthermore, India's skills gap for skilled AI developers is enormous, and businesses require AI expertise now more than ever.

Every year, businesses place a greater emphasis on data analytics, and AI improves the quality and speed of the data analytics process. Investors and stakeholders are also investing more in AI start-ups, indicating Artificial Intelligence's great future potential.

Artificial Intelligence is still in its early stages of adoption in India, but it is gradually being used to find smart solutions to modern problems in almost all major sectors, including agriculture, healthcare, education, infrastructure, transportation, cyber security, banking, manufacturing, business, hospitality, and entertainment. This page is for anyone interested in taking an Artificial Intelligence course. Candidates will have an understanding of the extent of Artificial Intelligence in India by reading this article.

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Skills required for AI

AI careers need a variety of talents that require thorough training. You should also keep in mind which skills are appropriate for each profession. For instance, engineers who specialise in machine learning develop algorithms that provide evidence for theories that aid in decision-making, and the machines that do the investigating need in-depth understanding of numerous programming languages. Math and science-related topics are the main dividers that are important for this sector.

Below are a number of the highest skills that you just have to must :

  • Programming languages (Python, R, SQL, Java in some cases)
  • Linear algebra and statistics
  • Signal processing techniques
  • Neural network architectures

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Roles in AI Career

There are some misconceptions that freshmen cannot obtain employment in the field of AI technologies; nevertheless, freshmen should evaluate their abilities and competences before selecting an acceptable AI position. The following are some of the roles that can be played in an AI career: AI analysts and developers, AI engineers and scientists, AI researchers, AI algorithm specialists, robotics experts, aviation and military experts, maintenance and mechanical engineers, surgical AI technicians, NLP engineers, data analysts, and AI architects.

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Roles in AI Career

According to the World Economic Forum's most recent study and poll, there will be a huge need for entry-level and experienced experts in a variety of industries for jobs connected to artificial intelligence in the future.

According to my survey, there are currently more than 55,000 jobs available in the United States for AI specialists just. The PayScale for AI specialists ranges from US$95K to US$124,204 per year, and this amount may go up depending on the individual's firm, position, expertise, talents, and other criteria related to AI. Those who have internationally recognised certification in AI training will have an edge in their pursuit of the opportunity.

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Future of AI

Future technology that has the greatest potential to alter the planet will be artificial intelligence. Greater amounts of data are produced every day by many organisations. With the use of machine learning, we can predict from these facts and come to the optimal conclusion. AI is very powerful and has the capacity to make correct judgements or predictions, which in turn aids in completing difficult jobs. We won't be able to reach every field, though, for years.

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Future of AI will be strongly build their models in helping to predict or make decisions in all the fields as follows:

  • Banking The sector has rapidly adopted technology to remain up thus far with the present market trends. It uses this technology to record customer data, which was earlier a humdrum manual task. AI has made a major difference within the field of banking including better customer support, enhanced data quality, prevention of fraud, digital assistants, and more.
  • Healthcare and Medicine The healthcare industry makes use of this technology in a number of ways and is always looking for new, creative methods to do so. The Knight Career Institute and Intel together created the Collaborative Cancer Cloud. To aid in early cancer diagnosis, support symptoms shown, and comparison with previously collected data, the cloud gathers historical data from cancer patients and other people with the same condition. The only way to cure this lethal illness is to halt it before it progresses further. An AI-based robot named "Eve" that was created by a group of researchers from the top institutions in Aberystwyth, Manchester, and Cambridge has identified a substance that is frequently present in toothpaste and may one day be used to treat malaria.
  • Cyber SecurityCurbing hackers has been an unlimited problem ever since cybercrimes started coming into the picture, and it's only escalated within the last few years. Fraud in credit cards is among the foremost prevalent cybercrimes. With recurrent neural networks and other similar AI methods, companies can detect this within the first stages. Cognitive AI allows companies to detect external cyber threats and offer insightful analysis so they'll make informed business decisions. Artificial Intelligence became more capable in detecting and preventing cyber threats and protecting organisations from malicious attacks.
  • Business Businesses must manage the massive amounts of data produced every second in order to extract important information that will enable them to make better and more informed decisions. Without the aid of information science, computer science, and other similar cutting-edge technology, this procedure is challenging.
  • EducationToday, education has become extremely important, and with the big youth population that India has, it's necessary that they get a top quality education. Since AI is being implemented in several sectors, it's important for the education field to upgrade its strategies, keeping in mind the most recent advancements in AI that may have a sway on this domain and therefore the youth of today.
  • Finance Artificial intelligence has enhanced the banking sector with its tools and technology designed specifically for the sector. One example of a ZestFinance AI-powered technology is Zest Automated Machine Learning (ZAML). HR Human resource management, or the HR department, is one of the industries that AI has significantly changed. In order to reduce their time-consuming processes and create a simple and intuitive working environment, experts in this industry are seeking to combine human efforts with automation.
  • HRWhen it comes to the industries that have been altered by AI, human resource management, or the HR department, is also in the running. Professionals in this field are attempting to merge automation with human efforts in order to streamline their time-consuming routines and provide a simple and intuitive working environment.
  • AgricultureArtificial Intelligence makes it possible for professionals to predict the crops that may offer the most effective returns. This technology has the potential to resolve one amongst the most important problems that humankind has got to face: Feeding over 2 billion individuals by the year 2052—as it seems to be difficult when temperature change is disrupting the seasons and converting cultivable land into deserts then on. Now, farmers can make use of AI to estimate the optimal date to sow crops and allocate the specified resources for growing these crops, like fertiliser and water, etc. to induce the utmost results. They will also detect crop diseases and take away weeds with the assistance of this technology.
  • Manufacturing The industrial industry isn't an exception when it comes to using AI in its simplest form. Many Indian startups serve the industrial sector using AI. These AI tools help businesses promote development and prosperity in new ways. The capacity of AI to gather facts and generate predictions stands out among its various skills. To analyse prior year sales or market survey data and forecast long-term supply and demand requirements, artificial intelligence is incredibly effective.
  • Transportation Artificial Intelligence has tremendous potential within the transportation industry. Thereupon being said, we are able to consider the samples of aircraft that have been using autopilot since 1922. Another area where AI holds immense potential is autonomous vehicles. Because the current trend is heavily towards autonomous vehicles, experts believe that AI and Machine learning will make a big difference within the field, especially associated with lower emission rates and error-free driving.

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