Shaping up the Market:
According to the recent data released by The Hindu Business Line, Big Data, AI and ML is set to change the job market in 2018. There will be more than 100,000 jobs in data analytics this year. Moreover, the Indian IT industry is set to increase by offering more than 200,000 new jobs in 2018. Globally, AI will push more than 2.3 million jobs by 2020. This is certainly the good thing for the upcoming technological market and businesses using these technologies.
Moreover, with increase in the demand for AI, ML and Big Data analysis experts, more and more aspirants are taking up the course to learn these technologies. Presently, 68% of Indian companies are using AI for IT functions and in near future, many more companies will switch over to this technology.
The primary goal of AI- enabled innovation is for maximizing human labour and maximizing the extent possible.
The Increase in Demand:
The major reason for this technological growth is to continue with the old generation platforms which is quite complex. Few companies have already adopted the technology helping them to take up the challenge. Moreover, AI, ML and Big Data professionals are offered with the good annual package.