Future Scope Of Artificial Intelligence & Machine Learning In India

Ever wondered how Siri or Alexa answers your queries or how Google or Netflix recommends notifications based on your searches? All this is a function of Artificial Intelligence.

 

What is Artificial Intelligence?

Artificial Intelligence is a specialized field in computer science that involves the developing of intelligent machines that simulate human intelligence without being pre-programmed. Instead, these intelligent machines, computers & robots use machine learning algorithms, including “Reinforcement Learning Algorithms and Deep Learning Neural Networks” to learn and copy problem-solving &decision-making abilities of the human intellectual mind based on historical data.

 

Types of AI:

• Reactive
• Limited Memory
• Theory of mind
• Self-aware.

 

 

Industry Scope:

• In India in 2020, the AI market reached INR 472.73 Bn and is estimated to grow at a CAGR of 24.17%rising to INR 2113.60 Bn by 2027
• In 2020, the Global machine learning market was pegged at INR 839.55 Bn and is predicted to grow at a CAGR of 37.16% to reach INR 7632.45 Bn by 2027.

 

Scope of Artificial Intelligence & Machine Learning:

Artificial Intelligence has immense potential to affect a change in every industry or sector, thus acting as a catalyst in economic growth leading to exponential benefits to society. Therefore, there has been a growing demand for courses that offer diploma in Artificial Intelligence. Following is the scope in different industries:

 

Education: Artificial intelligence (AI) is becoming increasingly important in education, as it offers new ways to enhance learning experiences and improve educational outcomes. As educators seek to incorporate AI into their teaching methods, they are exploring various tools that can facilitate this integration. One such tool is the paper typer, which can be found at papertyper.ai. This resource provides students with assistance in writing assignments, helping them to generate ideas and improve their overall writing skills.

 

Healthcare: The healthcare sector is the most challenging sector with a dearth of medical services and qualified doctors, nurses, technicians, and infrastructure especially in tier 1 and tier 2 towns. AI and machine Learning will help in providing adequate medical services to these areas. Additionally, this will also help in better efficiency and hence affordability. Automated bots and robots can be trained to make critical decisions, perform complicated operations in crucial times, reduce errors, speedy recovery and personalized care as well as design & develop innovative medical equipment.

 

Agriculture– A significant population in India depends on agriculture for their livelihood. These farmers follow conventional methods of farming. But the changing environment and increased demand have put severe pressure on land. However, the application will have a substantial impact on agriculture - enhancing efficiency and improving sowing techniques, thermal imaging cameras will help in the use of the adequate quantity of water in irrigation and reduction of water wastage, identify not only potential threats and problems but also solutions, analyze parasite & prepare effective control and forecast climate as well as consumer behavior to offer better demand-supply details to increase productivity, etc.

 

 

Banking and Finance: Banks and other financial agencies are utilizing AI technology to offer customer support, detect frauds as well as anomalies multi-task, etc. to change the face of the finance sector.

 

Cybersecurity: Data is a modern-day treasure trove. People are spending enough time and intelligence in stealing it. To counter it, organizations are employing AI-enabled cybersecurity measures to protect it. The AI not only detects but also analyzes threats and offers an understanding for making informed decisions.

 

Manufacturing sector: Artificial Intelligence-based solutions are being developed to enhance the manufacturing industry. Lots of hazardous jobs are being handled by AI. Predictions of demand and supply basis analysis of data is being done by Artificial Intelligence to not only optimize production but to also forecast future expansions.

 

So hurry and register now before you miss the train to the future.