Articles & Insights on Data Science, Analytics, AI & ML – Edvancer

Ai in job market

Jobs in Artificial Intelligence in India have risen at a pace faster than they can be filled. A recent report indicated about 45,000 openings available for AI and related roles. No wonder artificial intelligence and data science courses are rising at breakneck speed. However, before you plunge into one yourself, you should clear your vision about the job market changes due to AI.  

What is Artificial Intelligence?

Artificial Intelligence refers to the ability of computer-controlled machines to perform human-like tasks. AI programming allows the controlling software installed on the computer to learn from the task experiences and improve. This simple trait makes the machines capable of performing otherwise complex tasks. For enterprises, AI means greater automation and lower human dependence. AI has renewed the debate about machines overtaking human jobs. The usage of artificial intelligence in businesses has increased by 270 per cent in the last four years. This brings us to the next question:
 

Is AI Threatening Human Jobs?

The debate about job losses due to technology is nothing new. When assembly lines began in manufacturing units, this was the talk of the town, then at the advent of computers, and then with AI.

If anything, technological innovations have only improved the job markets. Technological disruptions have always moved the cheese elsewhere for the employable population rather than eliminating the need for the people.

As industries adopt AI, they hope to become more sustainable financially and improve the quality of jobs.

For example: Robots help waiters lift the load and pick up used dishes. While restaurants can avoid employing an expensive workforce during low-traffic hours, the waiters can focus on customer service.

AI has become the new platform to upskill existing professionals. At the same time, for newcomers, AI is raising opportunities worldwide. Enrolling in an artificial intelligence and data science course is your first step toward entering this lucrative field in the future.

Also Read: Top 5 Professions Who Must Learn AI for Superior Career Growth

Impact of AI On Different Sectors

Artificial intelligence offers several use cases across industries. Around 75% of businesses are using one or the other types of AI technologies. Simple machine-learning solutions are already present around us in several processes, such as chatbots, search engines, etc.

The following sectors have showcased beneficial use cases of AI:

Automotive AI is already impacting the automotive industry as manufacturing and transportation is automated to a great extent. For example, driving has been automated but it is only to assist drivers and reduce the risks of accidents.
  • Robotic processes through the assembly line
  • Driver assist and autonomous vehicles
  • Automotive testing
  • Insurance claim settlements
  • Automotive design and solution assistance

Various research agencies predict the yearly growth rate to range between 20 – 50% for AI in the automotive sector.

Medical: AI in the healthcare industry is expected to reach 102.7 billion by 2028 (from 14.2 billion in 2023), recording a CAGR of 47.6% in the coming five years. It can replace a few jobs, such as record maintenance, patient engagement, etc.
But AI cannot take over the healthcare profession entirely. At the same time, it also increases the requirement for skilled AI professionals in the industry.

E-Commerce: Top e-commerce businesses like Amazon use AI to detect fake reviews, virtual assistants, manage big data, etc. As per reports, recommendation engines using AI technology drive 35% of total sales for Amazon.

AI also allows users to search for the products of their choice conversationally and recommends the most relevant products to them. While using AI reduces the advertising and sales costs for businesses, it leads them to hire more professionals with AI skills.

Cybersecurity: AI in Cybersecurity will not take the jobs in cybersecurity but might change them. Artificial intelligence and machine learning have helped companies fight thousands of cybersecurity threats with agile teams.

Is AI The Future of Work?

As per a World Economic Forum study, AI will automate over 75 million jobs by 2025, and create 133 million new jobs. However, the development of AI and ML has always caught the fancy of the media and entertainment industries. Both industries have popularized the doomsday view of AI and ML capabilities. However, as new technologies evolve, they open new avenues of development and employment.

MIT Task Force released a report named “Artificial Intelligence and the future of work,” which predicts that AI will lead to massive innovations in the existing industries, creating new job roles. Moreover, it can open new sectors for growth, eventually giving rise to new job roles.

Disadvantages of AI in the Workplace

While AI technologies can make machines perform human tasks more efficiently, they also have many limitations:
  • AI algorithms cannot perform multiple jobs and
  • AI and ML problem-solving is limited to a single process at a time
  • Inability to think beyond their pre-programmed framework
Artificial intelligence presents a novel method of solving complex and chronic problems automatically. However, all the AI capabilities will still need a human developer to survive. So, whether you are an experienced professional facing the risk of AI takeover or a student heading to graduation, you should priorities building your AI skills.

How To Build a Career in Artificial Intelligence?

Artificial intelligence and data science courses have growing importance for all walks of professionals and graduates. Edvancer offers artificial intelligence, data science, and machine learning courses in online mode. Depending on the time you can dedicate to upskilling, you can complete the course in a live classroom or self-paced mode. The artificial intelligence and data science course by Edvancer gives you a thorough coverage of AI, which includes:
  • Machine Learning in Python
  • Deep Learning in TensorFlow and Keras
  • Data Analysis in SQL
  • Data Visualization in Tableau
The program focuses on practical skill development along with theoretical clarity. This learning program lasts 180 hours with additional 250 hours of assignments and projects.

Be Future Ready with AI & ML Courses in India

Edvancer provides artificial intelligence courses in collaboration with IIT Kanpur. The courses are coupled with real industrial projects to get you up to speed with real projects. You also receive lifetime access to study material and online libraries you can use anytime. So, regardless of your profession, Edvancer’s AI ML certification can prepare you to face the future.  

FAQs

1. How does AI differ from machine learning and deep learning?
Machine learning and deep learning are artificial intelligence technologies. ML is a subset of AI, and DL is a subset of ML. AI refers to the idea that machines can perform human-like tasks. Machine Learning is all about machines learning from data and experiences to perform specific tasks. However, Deep Learning is about teaching machines to use unstructured data and break it down to generate specific results.

2. What new job opportunities will be created as a result of the rise of artificial intelligence?
The rise of artificial intelligence will create several new jobs, including machine learning engineers, deep learning engineers, AI trainers, AI Business Development Managers, and many more.

3. What is the future of AI and how will it impact our lives in the coming years?
Artificial Intelligence is expected to grow even more in the coming years. It is going to impact human lives personally as well as professionally. However, the professional impact can be significant. Repetitive tasks like customer queries, data entry, limited supply chain, etc. will see increased automation.
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