Artificial intelligence is now a reality, not just a plot device for science fiction movies. Everyone is spending extensively in AI since there are countless potential uses for intelligent technologies, including the IT sector. Chatbots are used to handle customer support difficulties.
Data processing systems are automated. Vehicles that do not require a human driver to be at the wheel are propelled by intelligent systems. There are also diagnostic AI applications with FDA approval that may be used without a doctor to evaluate the results.
Over $40 billion was invested in artificial intelligence integration in 2019 across a range of sectors, including business, medical, and entertainment. According to the McKinsey Global Artificial Intelligence Study conducted in 2020, half of the respondents reported that their firms had implemented AI in at least one task. Next came a window of opportunity. The job title “Artificial intelligence specialist” topped LinkedIn’s annual emerging jobs and jobs on the rise surveys for two years. Also, the rate of advancement in artificial intelligence is not decreasing. By 2025, the World Economic Forum predicts that 97 million new employment in AI will exist.
Who will fill those unfilled posts is the question. Demand for computer scientists with expertise in artificial intelligence and AI specialists is projected to increase across industries as the number of practical applications for AI increases. The Msc Artificial Intelligence and Business Analytics offered by TBS Education is one artificial intelligence degree programme that you might want to consider investing in right now. If you’re still not sure whether artificial intelligence is the field for you, this blog investigates why tech-savvy workers from many fields are taking the time to obtain degrees in the field.
Why Everyone Should Study Artificial Intelligence
Before the COVID-19 epidemic, businesses were already experimenting with intelligent technology. According to a Gartner survey, the number of businesses using AI technologies increased by 270 percent between 2015 and 2019. The epidemic hastened the growth of AI and established it as a vital tool for business. Even though they may not be aware of the true intelligence of the systems they utilise, the majority of enterprises currently employ some form of artificial intelligence. By 2025, the market for AI software is expected to reach an astounding $126 billion in value, according to experts. Future hiring priorities across various industries will be placed on candidates who can advance both internal and external systems through the use of AI-driven tools like computer vision and natural language processing.
Intelligent systems are frequently put to novel purposes by businesses from various industries. In order to automatically create highlight reels for spectators, IBM employed machine vision to recognise key golf shots during the 2018 Masters Tournament. Self-driving cars are powered by AI thanks to Uber. Social robots are used by therapists and educators, hiring managers use artificial intelligence to screen candidates, and merchants use machine learning to automate marketing and increase customer interaction. Many houses already have Alexa and Google as permanent fixtures on the kitchen counter. Additionally, experts with advanced degrees in artificial intelligence are performing ground-breaking research that could one day make people safer, smarter, and more effective.
The majority of AI and automation experts do not view machine learning as a substitute for human brilliance or creativity. Instead, they view intelligent systems as instruments for optimization. The majority of business leaders think artificial intelligence will enhance human-computer collaboration. AI can perform mundane activities that people typically detest, including sorting through unstructured data or responding to repetitive customer service requests. Artificial intelligence is also capable of reading radiological scans, detecting fraud, identifying inefficiencies, and other laborious administrative tasks. For instance, Memorial Sloan Kettering Cancer Center and the Mayo Clinic are researching the use of artificial intelligence programmes to detect malignancies early and begin therapy more quickly.
Deep learning with MSc Artificial Intelligence France at TBS Education is one of the most cutting-edge branches of artificial intelligence. It is a subset of machine learning that uses multilayer neural networks to evaluate large amounts of complex data. A simple online board game, responsive automatic speech recognition software, or complex drug toxicity prediction software can all be produced through deep learning. Healthcare researchers can find and test new treatments more quickly thanks to a deep learning neural network created by the up-and-coming business AtomNet. This network can instantly examine tens of thousands of molecules. Deep neural networks are even capable of recognising works of art and producing new images in the same aesthetic.
Ninety-one percent of companies who identify obstacles to the use of AI mention a shortage of skill as a major difficulty. Degree programmes in artificial intelligence can help with that. The MSc-AI curriculum gives students highly specialised, modern capabilities that are adaptive to changing organisational needs as well as current employer expectations. The need for AI expertise has increased at an astounding rate. Only 12% of major, enterprise-level firms say they can find employees that fulfil these requirements, despite the fact that more than 80% of these organisations seek to hire individuals with machine learning, reinforcement learning, and deep learning expertise.
Greater demand equals more money available for purchase. According to one survey, employers pay an additional 11 percent for AI skills, and job titles pay an additional 5 percent. The majority of AI-related job posting companies often pay more for all positions. To lead the adoption of artificial intelligence and guide AI strategy, some businesses are even creating new CEO positions like Chief AI Officer.
One More Compelling Reason to Study Artificial Intelligence
You might not believe you are the type of person who can succeed in AI and machine learning if you don’t work in technology or have an undergraduate degree in artificial intelligence. Although technology companies continue to employ the majority of AI specialists, there are many positions available in industries like banking and finance, healthcare and medical research, engineering, manufacturing, agriculture, energy, scientific research, and education.
Humanitarians, governments, and creatives may all profit from AI, which is no longer a specialised field of research. Also, the sector is becoming more and more people-focused, therefore there is no standard career path. A few AI researchers have backgrounds in computer systems. Others bring to the classroom experience with data analysis. More flexibility and diverse experiences are clearly needed in artificial intelligence training programmes as the demand for AI continues to outpace the skill pool. In order to create AI professionals who can leverage the power of this technology across disciplines, MSc Artificial Intelligence France at TBS Education programme is expanding the study of artificial intelligence beyond algorithms and software engineering.
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