AI and Machine Learning are the Major Technology Growth

According to the executives of Lenovo, the Artificial Intelligence (AI) and Machine Learning (MI) are the two major technological developments that will take place. Presently, both AI and MI are largely used by top companies to boost the productivity and adopt the changing environment. According to the Asia Pacific top executive, they are one of the biggest companies on the planet who effectively leveraged AI and ML. Furthermore, the company is also setting up three specialized research labs in US, Germany, and China. The company is planning to invest $1.2 billion in next two-four years to get cutting-edge solutions in the growth areas.

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.