AI And Machine Learning Engineering: Scope And Opportunities In India
According to the International Data Corporation, the Artificial Intelligence(AI) industry in India is expected to grow at a CAGR of 20.2 percent, from $3.1 billion in 2020 to $7.8 billion by 2025. It has also been estimated that, by the year 2026, 60 percent of Indian businesses will employ human experience to combine with artificial intelligence, machine learning, natural language processing, and pattern recognition to improve vision across the organisation.
Moreover, there is a shortage of skilled professionals in the field of machine learning and AI, which has resulted in significant opportunities for professionals in the field.
Integration Of AI and Machine Learning With Different Sectors
India is striving to be at the forefront in the field of AI and machine learning. Companies are increasingly investing in AI and machine learning skills to stay ahead and abreast with global advancements. As organisations increasingly recognise the potential of AI and machine learning, the need for skilled professionals in this area continues to increase.
As a result, rapid growth and adoption of AI and machine learning further enhance the integration of artificial intelligence with various industries to foster innovation, promote efficiency, and gain a competitive advantage. Industries such as healthcare, financial services, e-commerce, education, supply chain, and even agriculture. For instance, AI implementation in healthcare has improved disease prediction, diagnosis, drug discovery, and virtual health assistance. In the banking industry, it has a key role in fraud detection, risk assessments, and customer service chatbots. Moreover, it has revolutionised media and entertainment by analysing user preferences and providing personalised content recommendations to audiences through its algorithms. It is also being used in human resources nowadays, for workforce management and what not. Inspecting the transformation caused by the AI revolution in the job market, a sudden need for skilled professionals has been in demand. Each industry has its own AI and ML specific challenge, which brings several opportunities for AI and ML specialised engineers to find solutions in each industry. Which is why India has released approximately 45,000 job opportunities, not only in the areas of AI, but including ML engineers, and data scientists across all industries. There are several start-ups and organisations such as Ola, Zomato, Swiggy, Paytm, and Flipkart are actively incorporating machine learning into their products and services.
Big tech firms such as Google, IBM, and Microsoft have a strong presence in the Indian market, and as a result, they offer significant positions to machine learning engineers to work for advancements in their AI and machine learning-related tasks and operations. Other than that, big IT firms such as TCS, Infosys, and Wipro provide opportunities to work on AI and machine learning related projects in various domains like healthcare, banking, retail, and manufacturing.
In addition to that, strong research groups and machine learning programmes may be found at institutions like IIT Bombay, IIT Delhi, and IIT Madras. They support the field's innovation, research, and training. Other institutes, such as the Indian Institute of Science in Bangalore and the Indian Statistical Institute, are among the known institutions that offer research and advanced degree programmes in machine learning and related fields as well. So if you are interested in going into research-related work in machine learning, you can consider these institutes as well.
Future Developments In The Field Of AI And ML
On the basis of the report of India Today, Job market in India will increase where AI, machine learning, and data segmentation will hold the top positions. The survey listed data scientists and analysts as well as AI and machine learning experts as the major professions driving industrial change in India over the next five years.
In addition, 75 percent of the evaluated companies anticipate integrating AI into their work processes. While 50 percent of these companies expect employment growth, however job losses can also be seen as a result of algorithmic displacement brought by AI. The top industries for employment expansion, according to the research, are agriculture and education. Where, 10 percent increase in employment is anticipated in the education sector, resulting in the creation of 3 million new jobs, while a 15-30 percent growth in employment is anticipated in the agriculture sector, resulting in the creation of 4 million new jobs.
Also Read - Dual Degree Options That Are Available For Engineering Students
How Can You Pursue AI And Machine Learning?
If you are interested in machine learning and AI as your career option then first you need to complete 10+2 from a recognised institute with subjects such as chemistry, physics, computer science and mathematics. So, students who have successfully completed Class 12 in science are eligible to pursue AI and Machine Learning as a graduate degree.
Entrance tests are conducted for the following institutes that offer courses in AI or machine learning as mentioned below :-
>> IIT JEE: To get admission in IIT Hyderabad for BTech in AI.
>> UPCET: Uttar Pradesh Common Entrance Test exam is conducted in institutes such as
For artificial intelligence with other eligibility criteria such as science as the mainstream subject in Class 12 with minimum 60 per cent marks.
>> SUAT: Sharda University Admission Test is conducted for BTech in Machine Learning and Artificial Intelligence with minimum requirement of 60 percent in Class 12.
>> Lovely Professional University Jalandhar: JEE Main or LPU NEST both are eligible.
Students can take up BTech in AI or Machine Learning engineering at following institutes:
- VIT Vellore - Vellore Institute of Technology, Vellore
- Siksha 'O' Anusandhan, Bhubaneswar
- SRM University Chennai
- Kalasalingam Academy of Research and Education, Virudhunagar
- LPU Jalandhar - Lovely Professional University, Phagwara
Furthermore, those who seek postgraduate studies must have earned a bachelor's degree in AI or machine learning- related courses as mentioned above, in order to be eligible. Most students choose to take the GATE test since it is a national exam that leads to admissions at prestigious institutions, while other universities offer separate exams or merit-based admission for MTech. programmes in AI and ML.
Apart from this, machine learning is a branch of artificial intelligence (AI) that focuses on creating models and algorithms that allow computers to learn from data and make wise choices. It is a multidisciplinary stream that is essential for ensuring machine learning techniques are applicable in a wide range of domains such as data preparation, model development, model training and evaluation, deployment and integration, monitoring and maintenance, etc. If anyone is interested in taking up Machine Learning only they may consider pursuing it at Rajasthan ILD Skills University (RISU) for PG Diploma in ML or Dhirubhai Ambani Institute of Information and Communication Technology (DAIICT) for Mtech in ML.
It is beneficial to take elective courses related to machine learning, data science and artificial intelligence as it can provide hands-on and deeper learning about specific applications and techniques.
Moreover, taking part in related workshops, industry certifications, and opting for online courses can further help in staying updated with advancements and enhancing skills sets, which will keep you a step ahead and in demand in the market.
The initial actions towards getting India equipped for the expanding AI space and adapting to it, as well as being a part of the contribution that AI can make to India's economy, are training and events that will render professionals and graduates employable in the field of cutting-edge technologies like AI, Data, Cloud, Robotics, and the metaverse.
Also Read - 5 Engineering Jobs That Will Never Be Automated
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