Scope and Career Opportunities After Artificial Intelligence and Machine Learning Degree
AI was born in the late 1950s with the development of automatic digital computer programs. It grew to become one of the most important innovations in the last century. The advent of machine learning applications like Deep Learning, Computer Vision, Natural Language Processing, and Self-driving vehicles, has dramatically increased the scope of AI.
AI is a set of computational techniques applied to digital machines to solve complex problems or to execute tasks traditionally performed by humans. This can be anything from the diagnosis of diseases to the control of robots. The applications are many, and the industry is expected to grow at a rapid pace.
Artificial Intelligence (AI) and Machine Learning (ML) have become increasingly important to human lives. As AI and ML technology is integrated into our daily lives, it’s important to understand the scope and career opportunities in the future ahead. Let us understand in this blog.
What is Artificial Intelligence and Machine Learning Engineering Degree All about?
In our life, intelligence comes naturally. This includes the things that humans can do. We learn from our experience and adapt to the situation; we can speak and listen to others. We can read and write. We have emotions. We don’t always act rationally but there are still times that we can make decisions based on our intuition. It is natural to us, but we still have to study and develop our intelligence throughout life. As a result, we need the assistance of Artificial Intelligence.
Artificial Intelligence is a branch of computer science that encompasses systems and applications, including neural networks, that imitate the cognitive function that humans have. Artificial intelligence (AI) is a large research topic in both computer science and software engineering with many sub-fields. It aims to give computers and robots the ability to perform intelligence like human beings, through the development of technology that can replicate the natural thought process and cognitive abilities of human beings.
Whereas, with the potential to power, everything from your car’s self-driving feature to helping you beat a world champion at chess is Machine Learning. Today, ML is considered a buzzword in the tech industry. It’s an engineering discipline with a unique approach to solving problems. Instead of starting from a blueprint, which is the process typically used in other engineering disciplines, machine learning starts with data and learns to understand patterns from it.
What is the Scope of Artificial Intelligence and Machine Learning in India & Overseas?
Artificial Intelligence and Machine Learning have created an awesome impact in our daily lives and have become a part of our daily lives. Artificial Intelligence and Machine Learning both have been used in different Industries, fields of science, the military sector, the educational system and now in the field of Human Services.
If you think Artificial Intelligence is all about smart machines and their intelligence, you are wrong. AI also includes human intelligence or the human brain. That’s why you will find several people to be a part of AI in the next few years. Whereas, Machine Learning is the process of data analytics that a machine uses to gain the ability of a human brain. Machine Learning helps machines to understand the patterns in the data and use them in different ways to help in taking some intelligent decisions. Machine learning has helped a lot in the field of Data Science and has taken the world of automation to another level.
Now let’s find out in detail, their significance and impact on different industries-
Military-DRDO
Intending to identify the proper factors, operations, postural control, and innovation management to advance AI and ML technologies to boost national competitiveness and harness them to safeguard national security, artificial intelligence (AI) and machine learning (ML) technologies hold the potential to become critical force multipliers in future armed conflicts.
Space Research
While AI and ML still have a way to go before being widely employed for space applications, we are starting to see them integrated into new technologies. In particular, to ensure the safe operation of giant space-based constellations, communication, end-of-life management, and other functions, the applications of AI are being thoroughly researched in the field of satellite operations.
To approximate intricate representations of the real environment, ML systems are frequently utilized in space applications.
Medical
Healthcare has emerged as a prominent field for financing and efforts for AI and machine learning because of the remarkable significance improvements to the healthcare system may have for so many people and its ability to save lives and money. Therefore, today by experimenting with artificial intelligence and machine learning, healthcare and technology pioneers are working together and attempting to improve our existing reality. The algorithms that operate on computers can cleanse enormous volumes of data far more quickly and correctly than human scientists or medical experts, revealing patterns and predictions that help with disease diagnosis, guide treatment options, and improve public health and safety.
Ecommerce
Technology continues to push the boundaries of what e-commerce can achieve through innovations like virtual reality, software as a service, and artificial intelligence. Every day, something new vies for the attention of online retailers as a result of the accelerating developments in technology. Artificial intelligence is not simply a cutting-edge technology used for exhibition. AI implementation has the potential to have an impact on a wide range of organizational business operations. By using gathered sales and customer data to make more effective business decisions and more precisely anticipate the future. Today, AI can assist today's online merchants in providing an enhanced experience for customers both on and off their e-commerce websites.
Private Organizations
According to a recent Gartner analysis, companies who use Machine Learning or AI engineering best practices would see at least three times the greater value from their AI and ML initiatives by 2025 than companies that don't. It is difficult to disagree that the future of businesses depends largely on AI and ML technologies together with other digitalization given the substantial value predicted to be obtained only from the implementation of ML/AI practices. However, the pandemic-induced widespread use of modern technologies has assisted businesses in overcoming these difficulties. Organizations now have a wider range of options thanks to contemporary technologies like AI and ML. Therefore, taking advantage of the extra edge can help organizations make critical business decisions more intelligently and intuitively.
Investigation
There are innumerable examples of how automation, machine learning, and artificial intelligence are gradually becoming a part of our daily lives, and the investigation isn't any exception.
Internet-connected solutions that employ artificial intelligence in investigations reduce the cost and time of information gathering and processing while demonstrating to be more precise and sometimes more discreet, lowering risk and raising solve rates.
Banking
By automating the manual process, advanced cognitive technologies like AI and machine learning are enabling banks to improve their TPRM procedures, help determine and anticipate risk, and more swiftly comply with fast-changing regulatory requirements. Combining these tools with workflow automation, banks may significantly reduce the amount of time, effort, and money they spend on manual TPRM (Third-Party Risk Management) operations. Data mining is made possible by AI, which translates information from surveys, evidentiary papers, data feeds, and other sources into effective risk exposure insights and detailed action plans. Banks may now take advantage of data sources that were previously underdeveloped or untapped due to a lack of manual bandwidth thanks to an AI-powered Third-Party Risk Management (TPRM) intelligence platform that continually monitors and digitizes data collected from many sources around-the-clock.
Gaming Industry
The gaming industry has had recent significant growth, and this trend is likely to continue. Companies in the gaming industry are working hard to produce products and improve the consumer experience as the number of gamers grows. Due to this, AI and machine learning technologies are becoming more sought-after in the gaming sector. Machine learning and artificial intelligence-driven solutions have the potential to significantly alter several facets of the gaming industry. A player's activities can trigger a dynamic response from ML algorithms. By minimizing the need to wait for an answer and giving pertinent information, AI systems like chatbots can be a huge help to gamers.
Career Prospects and Job Opportunities After Artificial Intelligence and Machine Learning Engineering Degree
Now that you are well-versed with the concept of AI, let’s talk about the job opportunities available in the field of AI and machine learning. There are a lot of jobs available in the fields of Artificial Intelligence, Machine Learning and Data Science. The scope of Data Science is huge in India and other countries.
Data Scientist
Data scientists collaborate closely with company stakeholders to comprehend their objectives and identify data-related strategies for achieving those objectives. To extract the data the business requires, they build the data modelling procedures, develop the algorithms and predictive models, assist in data analysis, and collaborate with colleagues to share their findings.
AI Engineer
An artificial intelligence engineer is a person who creates, programs, and teaches complicated networks to act like human brains. Software engineering, computing, predictive analysis, and data engineering specialization are required for this position. To generate business insights useful in making organizational-led decisions, they create AI models leveraging machine learning techniques.
Machine Learning Engineer
An IT professional specializing in research, development, and design of self-operating AI systems to execute predictive models is known as a machine learning engineer (ML engineer). The AI algorithms capable of learning and making predictions are designed and built by machine learning engineers (ML).
Business Intelligence Developer
Business intelligence is becoming a vital resource for any contemporary firm. Business intelligence, in its broadest sense, refers to the various methods and tools that organizations employ to give customers useful data so they can make smart business decisions. An engineer in charge of creating, implementing, and upgrading BI interfaces is known as a business intelligence developer. These consist of query tools, interactive dashboards and data visualization, ad hoc analytics, and data modelling tools.
Research Scientist
Nearly every scientific field is covered by research scientists. Investigating gaps in scientific understanding is the responsibility of research scientists. Research scientists are in charge of planning, carrying out, and analyzing data from carefully monitored laboratory studies, experiments, and trials.
Big Data Engineer/Architect
Big Data Engineer collaborates with development teams to construct cloud platforms, creates and integrates Big Data tools and frameworks, and maintains the production system. One needs to have an in-depth understanding of Hadoop technology, first-rate project management abilities, and advanced problem-solving abilities to succeed as a big data engineer.
Database Developer
The performance, integrity, and security of databases are often the responsibility of database developers. They frequently work on designing, creating, and troubleshooting databases. Additionally, they are responsible for designing data systems, analyzing and maintaining current databases, and implementing new user features utilizing code and web architecture.
Software Engineer
Software engineers concentrate on using engineering ideas in software development. Their responsibilities include using software programming languages to analyze and alter existing software as well as to develop, build, and test end-user programs that satisfy user needs. The role also emphasizes the intricate and substantial software systems that compose an organization's core systems.
Quantitative Analyst
A quantitative analyst is a specialist who applies quantitative techniques to assist businesses in making financial and business choices. Quantitative analysts are extremely sought-after in the trading industry.
Top Companies Hiring Artificial Intelligence and Machine Learning Engineering Graduates
With the advent of the internet and the explosion of Big Data, Artificial Intelligence (AI) and Machine Learning (ML) are used extensively for various sectors of the economy and are being applied across all industries. It is a technology that has been gaining momentum across all sectors of the economy. Therefore, several top-tier companies are recruiting qualified Artificial Intelligence and Machine Learning Engineering professionals.
Here are the top listed companies-
- TCS
- Wipro
- DXC
- Syntel
- Adobe
- Infosys
- Procore Technologies
Artificial Intelligence and Machine Learning Engineer - Salary Trends in India
One of the most profitable career choices in the world right now is AI and Machine Learning engineering. The need for AI & ML professionals has been increasing at an astounding rate for some time. Around ₹7,27,598 lakhs is the average yearly income for entry-level AI & ML engineers in India, which is much more than the average wage for any other engineering graduate.
*Source – Pay Scale
Conclusion
The development of machine learning and artificial intelligence is moving society into the next generation. Moreover, despite being at the deployment stage in India, artificial intelligence is being used in the majority of businesses to tackle challenging issues. Agriculture, education and infrastructure, healthcare, transportation, banking, cyber security, manufacturing, entertainment, hospitality, and other key industries all use AI and ML. With their consistent developments, artificial intelligence and machine learning have changed the world. Additionally, the new AI revolution has produced self-driving cars, robot helpers, and computerized health screenings that have redefined how we live. In terms of high pay and new chances, AI and machine learning have indeed demonstrated to be quite profitable. Consequently, it is among the world's greatest job options.
According to a study, the most in-demand positions in artificial intelligence are for data scientists, software engineers, and machine learning developers. A Machine Learning & AI degree can allow you to explore and experiment with cutting-edge deep learning and machine learning technologies and techniques.
If interested to pursue a course, you can connect with our admission team today. Visit - www.mangalayatan.in