AI or Artificial Intelligence and its future has recently been a topic of great curiosity. The field of Artificial Intelligence is promising and is expected to propel the Indian economy with unprecedented growth. With projected AI spending in India to reach US$ 5 billion by 2027, the country is poised for a revolution in this area, led by its growing number of tech-savvy people. With such a magnitude of growth, it is safe to say that AI is the future.
Furthermore, the pivotal stand of the Indian government to foster an AI-friendly environment emphasising its role in education and other growing sectors testifies to the future of AI.
In this post, let us discuss the sweeping impact of AI and why it is a good time to pursue AI-related programmes to fast-track your career and build a secure future.
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Why is AI the Future?
AI is reaching almost everywhere. AI-enabled tools and solutions are enhancing human calibre and making their presence felt in fields like healthcare, banking and finance, entertainment, gaming, agriculture, E-commerce, Education, Marketing, social media, and many more. Moreover, there are some sectors that are gearing up to utilise AI to enhance efficiency and change the way business works.
AI can also be seen influencing our everyday lives in the form of smart home devices like smart lighting systems, robot vacuums, and smart thermostats, among others. AI has turned out to be the centre of innovation for most forward-looking businesses. Top technology giants are spending billions of dollars to build advanced AI solutions. As per a report by McKinsey, AI can push economic activity worldwide and is capable of delivering US $ 13 trillion by 2030.
AI and its future of work are widespread and it is revolutionising other industries. For instance, the benefit of AI in medical sciences is immense in saving lives and easing pains by ensuring better health for people. Overall, AI and its use are likely to skyrocket in the years to come.
Also Read: Impact of Future of AI on Jobs
All this and many more impacts of AI have had a positive impact on Society as well. The AI-enabled outcomes in healthcare, transportation, and climate change are some aspects that are impacting society. Soon, AI is expected to influence almost every facet of our social existence with its presence.
Let us take a look at how AI is being used in different sectors or industries and how it is influencing our lives.
Application of AI in Different Sectors
· AI in the Healthcare Industry
Healthcare has benefited immensely from Artificial intelligence as it has changed the outlook of the medical science industry with various machine learning (ML) algorithms. With the help of AI, it is getting easier to predict deadly diseases. Various AI-enabled special tools assist patients in relieving them of their health issues. Moreover, AI tools make surgeries less complicated and less painful. Overall, Artificial intelligence and the future of humans, especially in terms of the healthcare industry is experiencing continuous evolution. It is bound to see greater progress in the future.
· AI in the Banking and Finance Sector
AI technology to an extent is transforming the way the banking and finance sector works. It is likely to further reimagine this sector in the coming years. Aided by AI, the day-to-day operations in banking and finance are becoming hassle-free. AI is also impacting positively the mundane tasks of investment, the stock market, and so on.
· Influence of AI in Aviation Industry for Air Commutation
Air transport is also gaining immense benefits from Artificial Intelligence due to the evolving AI technologies. Using AI for planning air routes, take-off charts, and landings is improving the way air commutation works.
· Gaming and Entertainment Sector Evolving With AI
AI has made a huge leap forward in the virtual gaming and entertainment sector. The gaming industry especially has received a significant boost from AI by allowing players to play with bots in the absence of other players.
· Impact of AI on the Education System
The use of AI in education helps cultivate and nurture critical thinking and creativity among students. AI assists in analysing diverse perspectives and provides solutions to problems. AI helps personalise the learning experiences of students with customised educational content. AI recognises gaps in understanding and uses strategies to assess performance to appraise students on their strengths and weaknesses. AI aids in eliminating a one-size-fits-all method of education and helps students to learn at their own pace.
Also Read: Future of AI Developments on Jobs
All these and much more are reasons enough to state that AI is the future and it is time to align the future workforce of India with AI-integrated and modern industries. The technologies of Artificial intelligence are highly promising and as per projections are expected to add US $967 billion to the Indian economy by 2035.
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To conclude, Artificial Intelligence is emerging hugely and is influencing our lives in different ways. AI is augmenting human efficiency with fast-paced advancements in varied fields. It is also giving rise to plenty of career opportunities, which will likely gain further boost in the future. Planning to pursue a course in AI and ML at this point is sure to secure your career with the best jobs in some of the world's fastest-growing technologies and industries.
With Amity Online University, you can fulfil your dreams of pursuing AI programmes for your higher education to give your career a boost. Amity Online offers several AI-related courses to boost your chances in the job market like MCA with specialisation in AI and Machine Learning, Certification in Artificial Intelligence, Courses on Programming with AI and Python, and more. Visit the Amity online website today and learn more about the courses and to enroll.
