Artificial Intelligence or Machine Learning
Artificial Intelligence or Machine learning (AI/ML) is a broad set of software capabilities that make software smarter. AI/ML is fundamentally changing how businesses operate across all sectors, including manufacturing, healthcare, IT, and transportation. Companies like Google, Amazon, Netflix, Facebook, Flipkart, Ola and Swiggy, who are using AI/ML, have witnessed huge growth and profits. Over 35% of revenue for Amazon and Flipkart is generated by product recommendations. 80% of Netflix users select movies based on their recommendation system. Companies like Intel, Microsoft, Twitter, Ford, Intel and Apple have successfully integrated AI/ML into their products and are seeing a growth of about 30% improvement in areas like revenue, growth rate and efficiency. Opportunities in AI/ML
Companies like Flipkart, Amazon and Google are offering starting salaries of Rs. 12 - 18 lakhs per annum (LPM) for freshers with AI/ML skills. Companies are offering Rs. 50 LPM for someone with 5+ years of experience and top AI/ML employees enjoy salaries in range of Rs. 1 crore per annum. Salaries for AI/ML experts in USA can reach up to Rs. 5 crore per annum. Bengaluru, Delhi, Mumbai, Pune, Chennai and Hyderabad have the highest number of AI/ML job openings. Number of startups and investments by Venture Capitalists in AI/ML space are growing exponentially. Total investment in AI/ML was about Rs. 4000 crore in 2010, while in 2015, it is about Rs. 25,000 crore. While there were only 100 active startups in AI in 2010, in 2017 there were about 1000 active startups. AI/ML field is growing at a rapid pace, promising higher salaries and better opportunities in future.
AI/ML program requires an understanding of basic Mathematical concepts and Python programming, which are taught in first and second academic years. AI/ML program consists of a total of four courses taught in third and fourth years, along with one main project. The first course, "Foundations of Machine Learning", introduces the machine learning way of solving problems (as opposed to programmatic way) and gives introduction to various Machine Learning (ML) algorithms. The second course, "Data Science" introduces the practice of AI/ML as done in industry, to get students ready for real-world AI/ML projects. This is followed by summer internship in Machine Learning. The third course "Fundamentals of AI" teaches students the fundamentals of modern age AI/ML. The fourth course, "Artificial Intelligence", introduces students to concepts of advanced AI/ML and expose them to cutting edge research in the field of AI/ML.
AI/ML is a foundational technology that will disrupt society and lead to decades of innovation. From driverless cars to how doctors identify and treat diseases, AI/ML is poised to forge a future of endless new possibilities. Experts in AI/ML command salaries of about Rs. 1 crore per annum. By learning about AI/ML today, you will be ready for the opportunities of tomorrow.