Team Jun 10, 2024 No Comments
Artificial intelligence is here. And it’s transforming how we live and work. But what’s the future of AI? How will AI change the world?
Currently, we are surrounded by this technology. AI is powering voice assistants like Siri and Alexa. It recommends TV shows that you love on Netflix. It also helps you find the quickest route home on Google Maps.
When it comes to businesses, AI is helping automate tasks, streamline processes, increase productivity, boost sales and revenue, cut costs, and improve customer relationships.
AI gives machines the ability to think and act like humans. With each passing day, it’s becoming more capable of doing smart things. That’s why the global AI market is expected to grow and reach USD 1.81 trillion by 2030. That’s really huge!
In this blog post, we will explore the future of AI and see how it’s transforming different industries. This will help you prepare and be relevant in the coming days.
From Alan Turing imagining machines could think and John McCarthy using the term “artificial intelligence” for the first in the 1950s, AI has come a long way.
Things were simple back then – programs like Arthur Samuel’s checkers-playing computer in 1952. But with time, the technology became more advanced.
Like in the 1990s, IBM’s Deep Blue supercomputer shocked the world by defeating chess grandmaster Garry Kasparov. Around the same time, AI-powered speech recognition and natural language processing started to emerge. This was the foundation on which today’s voice assistants and chatbots stand.
Then, in the 2010s, deep learning came into the picture. This is a type of AI that’s inspired by the human brain, and it’s incredibly good at finding patterns in huge amounts of data. This has supercharged AI, making it smarter and more capable than ever before.
Now, AI is so powerful that it’s writing code (like OpenAI’s Codex), creating images from text prompts (like OpenAI’s Dall-E), and even helping scientists discover new drugs (like DeepMind’s AlphaFold predicting protein structures).
No surprise, the GenAI tool, ChatGPT, broke all the records in 2022 and reached 1 million users in just 5 days. All these are just the beginning – the future of AI is brighter and more exciting.
A PWC study predicts that AI could contribute up to USD 15.7 trillion to the global economy by the end of this decade. Although there are certain advantages and disadvantages to AI, it is certainly going to be more powerful in the future. In the following sections, we will discuss the impact of AI in different industries to understand how AI will change the world.
AI is making a big transformation in the entertainment industry. It’s already used by Netflix and Spotify to make smart, personalized recommendations. In fact, Netflix admits its AI-powered recommendations system is worth USD 1 billion in revenue annually.
In the present times, GenAI tools can be used to write scripts, compose music, and even generate realistic visual arts within seconds.
Tools like OpenAI’s Sora can generate videos from text prompts. That’s something revolutionary. It can help filmmakers generate complex scenes without spending thousands of dollars. We can also expect AI-generated actors who can act and perform stunts just like human actors.
Also, in the future, AI tools can make it easier for anyone to create high-quality content. If you have good judgment and an understanding of art, you may use AI to create your own movies or music from text prompts. So, entertainment will be more personalized.
AI is making education more personalized, engaging, and effective. It can create smart tutoring systems that enhance the classroom experience and learning outcomes.
AI is helping create powerful learning platforms that can analyze how students learn, recommend resources, and provide feedback. For example, Thinkster Math is an AI-powered app that creates more personalized lesson plans for students.
AI can also help with automated grading by evaluating and assigning scores to each student’s exam papers within seconds. This will free up human teachers and help them focus on teaching and mentoring.
In the coming days, AI can enable virtual tutors who will be available around the clock. These teaching assistants will understand students’ strengths and weaknesses, help them clear doubts, and let them study at their own pace. They can also recommend courses and help students make the right career decisions.
AI-powered machines and robots can create a more efficient, productive, and safer workplace. These robots can do all those laborious, repetitive, and risky tasks, freeing up human workers to focus on creative work.
Currently, AI helps in predictive maintenance. This involves analyzing data from sensors to predict when machines might need maintenance. It helps companies fix problems before they cause costly breakdowns and downtimes.
AI also enhances the quality control system. AI-powered vision systems can inspect products with incredible speed and accuracy, catching defects that human inspectors might miss. This can improve product quality and reduce waste.
The global AI in manufacturing market size is expected to be valued at around USD 68.36 billion by 2032, growing at a CAGR of 33.5% from 2023 to 2032.
So in the coming days, we can expect amazing things like automatic running factories. AI can control everything from production schedules to inventory management. This could lead to 24/7 production, faster turnaround times, and significant cost savings.
AI can also help manufacturers generate creative product designs, create hyper-personalized products, and embrace sustainable manufacturing by optimizing energy use and reducing waste.
From diagnosis and treatment to patient care and research, AI can have a significantly positive impact on the healthcare industry.
Currently, AI helps a lot in disease diagnosis. It can analyze medical images like X-rays and scans and spot the smallest of details. This can lead to faster, more accurate diagnoses for diseases like cancer and heart conditions. AI is also helping in drug discovery, personalized treatment, and robot-assisted surgeries.
In the coming days, you can expect virtual health assistants who can answer your health questions, monitor your symptoms, and even schedule appointments with your doctor. Since these assistants can alert us to potential problems before they become serious, they could help us avoid deadly diseases.
AI will also get better at predictive analytics. It can analyze health data to predict who’s at risk for certain diseases. This could potentially save countless lives.
AI is making managing and investing money more easy and effective. It’s helping in fraud detection by analyzing transactions 24/7 to spot suspicious activity.
AI is also helping in algorithmic trading. AI-powered algorithms are making quick trades, analyzing market trends, and executing complex strategies for you even when you don’t know much about trading.
In the coming days, you can expect AI-powered financial advisors who understand your financial goals and create personalized investment portfolios. They can pay your bills, manage your budget, analyze your spending habits and income, and provide unique recommendations.
These assistants can assess risk, predict market trends, and identify potential investment opportunities. This could help more people to take control of their finances and build a better future, even if they have limited financial literacy.
The future of AI is bright. From healthcare to education, AI is changing everything. To stay ahead of the curve, you can start learning GenAI.
Ivy Pro School’s GenAI course is the perfect place to start. Developed in collaboration with E&ICT Academy of IIT Guwahati, the course offers mentorship from top IIT professors as well as experts from Google, Amazon, Microsoft, etc.
This course will teach you the in-demand AI skills, like machine learning, deep learning, Langchain, RAG, Transformers, and LLMs. You will get hands-on experience with 20+ real-world projects, so you can really see AI in action.
The course will also help you polish your resume and practice for interviews so you can land high-paying jobs in this booming field. To learn more about this course, visit Ivy Pro School’s GenAI course page.
Team Jun 07, 2024 No Comments
Updated on 9th August, 2024
Want to be a data scientist? Well, it’s a promising career choice with good job opportunities. As a skilled data scientist, you can expect a good salary, job security, work satisfaction, and, ultimately, a chance to create a real impact in the world.
But where do you start? What should you study? Which institute should you join?
Don’t worry, I have got you covered. In this blog post, I am going to share a list of the 5 best institutes for data science in India. We will take a quick look at what makes each one unique so you can choose the best fit for you. But, let’s first see…
Different institutes have different syllabi for their data science courses. Before you choose an institute, you must go through the syllabus to make sure it’s updated and relevant to present industry needs. To give you an example, here is the latest, industry-relevant syllabus followed by Ivy Professional School in its Data Science and AI Certification course.
Here are some of the best data science institutes you can choose for mastering this high-income skill in India:
Ivy Professional School has been a top-ranked data science, data analytics, and AI upskilling provider since 2008. Ivy offers the Executive Data Science and AI Certification course in partnership with E&ICT Academy, IIT Guwahati.
In this program, you get mentored by IIT professors and experts from Amazon, Google, Microsoft, etc. You learn skills like data analytics, visualization, ML, Cloud, AI, GenAI, etc. Apart from learning industry-relevant skills, this 45-week course helps you complete 50+ real-world projects and build an impressive portfolio. The live online classes and live doubt-clearing sessions help you build solid foundations.
You also get placement assistance that helps you with your CV and interviews. All this helps you land high-paying data science jobs in top MNCs. No wonder Ivy is at the top of the list of the best institutes for data science.
IIT Madras is a premier institute known for its excellence in engineering and applied sciences. This institute offers a 4-year Bachelor of Science degree in Data Science and Applications. This is a hybrid course with pre-recorded sessions, weekly online assignments, and in-person quizzes.
This course is good for both students and working professionals, and it will help you learn ML foundations, deep learning, computer vision, large language models, big data, etc. For admission, you have to apply for an in-built qualifier process in which you will be taught for 4 weeks and then asked to qualify for an admission exam.
One of the best institutes to learn data science, IIM Calcutta is a prestigious business school recognized for its flagship MBA programs. It offers the Advanced Programme in Data Sciences (APDS) that helps students learn various tools and techniques for managing, analyzing, and interpreting data. The course covers tools like Tableau, Python, R, SPSS Modeler, etc.
This course is best for working professionals and young managers who want to learn real-world data science skills. This one-year course is conducted in the form of 3-hour online sessions every Sunday. To apply for this course, you must be a working manager with 3+ years of experience or a graduate/postgraduate in any discipline with 50% marks.
Scaler is an ed-tech platform that helps techies upskill with its various courses. It offers a Data Science and Machine Learning program that helps you learn essential skills to succeed in the field. This online program, which runs for 11 to 15 months, focuses on tools like Git, TensorFlow, PySpark, PyTorch, Kafka, Hive, etc.
With 1:1 mentorship, focus on projects and case studies, and career counseling, Scaler ensures you become an expert at solving problems and making smart business decisions. The course is best for freshers and working professionals who have a good understanding of languages like Python or have a degree in maths, engineering, or statistics.
IIT Delhi is one of the best technical institutes in India, and it is recognized for its research and innovation. The institute offers the Advanced Certificate in Data Science and Decision Science course. It focuses on skills related to data handling, analytics, cognitive sciences, various data science tools, etc.
This is a live online program that spans a total of 12 months, providing 150 hours of teaching. The program is best for professionals and leaders who want in-depth knowledge of decision-making with data. Selection for this course is done by reviewing applications and conducting personal interviews.
And there you have it! A glimpse into some of the best institutes for data science out there. Hopefully, this gives you a starting point to explore which program best aligns with your goals, learning style, and budget.
If you are looking for the top data science institute, you can go for Ivy Professional School. Ivy has over 29,000+ alumni who are working in leading roles in 400+ organizations. Apart from expert faculty, Ivy partners with IIT Guwahati, IBM, and NASSCOM to deliver top-notch learning programs.
Whether you are a student or working professional, Ivy can help you learn in-demand data science skills, complete capstone projects, get practical experience, build your portfolio and resume, prepare for interviews, network with alums, and finally get your dream job.
Visit this page to learn more about Ivy’s Data Science and AI course.
Is data science a well-paying job?
Yes, data science is a well-paying job. Skilled data scientists are in high demand, and companies are willing to offer competitive salaries to attract top talent. In India, the average salary of a data scientist is ₹13,00,000 per year. Senior data scientists with 2-4 years of experience can even earn between ₹17 lakhs to ₹30 lakhs per year. That’s a huge number, right?
What’s the best data science institute in India?
There are many great data science institutes in India, but Ivy Pro School stands out for its comprehensive courses, experienced faculty, and strong track record of student success. Since 2008, Ivy Pro has been a top-ranking data science, AI, and data analytics upskilling provider. This institute helps you work on real-world projects, ensures your holistic development, and gives you lifetime placement support so that you have a bright career.
Is data science a stressful job?
It depends on you. If you love playing with numbers and solving real business problems with data, you may not feel that much stress. However, as it happens in most jobs, there can be pressure to meet deadlines and deliver results. Or you may get stuck in an error for days. But if you love the job and like to face challenges, you will enjoy it.
Which city is best for data science in India?
Cities like Bangalore, Hyderabad, Gurgaon, and Mumbai are well-known for their tech industries and offer many opportunities in data science. Kolkata is also emerging as a strong hub for data science education and jobs, especially with top institutes like Ivy Pro School providing quality training.
Is data science still in demand in 2024?
Absolutely! Data science continues to be in high demand in 2024, and it will only get bigger with time. For instance, the global data science market is projected to expand from $133.12 billion in 2024 to $776.86 billion by 2032. So, the need for skilled data scientists is going to increase in the coming days.
Which college has the best placement for data science?
Several colleges in India offer good placements for data science. The above blog post talks about such institutes in detail. Ivy Professional School is one such institute that has helped over 29,500 learners get placed in some of the biggest companies like Honeywell, Samsung, PWC, IBM, HSBC, Amazon, Cognizant, etc. Ivy Pro has strong industry connections and provides lifetime placement assistance, making it easier for students to land jobs.
Eeshani Agrawal holds an MS in Civil Engineering from Texas A&M University (USA) and has over 16 years of experience in data visualization, storytelling, and analytics. She has consulted for top engineering, manufacturing, and consulting firms worldwide and has coached over 9,000 professionals and students from leading institutions like IITs, IIMs, and ISI.