The Importance Of AI & Machine Learning In New-Age Industries


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With the help of Artificial Intelligence & Machine Learning, computers have now developed the ability to perform numerous complicated tasks without any human intervention. These technologies work by finding patterns in data and learning to access it without extensive programming or technical modules. The primary aim of any operation supported by Artificial Intelligence is to reduce human effort and allow computers to function automatically.

artificial intelligence

In today's day and age, the use of Artificial Intelligence has become ubiquitous. Most industries are using this technology to complete everyday tasks. This is happening because Artificial Intelligence has the ability to provide solutions to complex problems, which are not just time-effective but also reduce the risk of errors. Here are a few reasons why the sciences of AI and machine learning are proving to be excessively important for new-age industries.

ENHANCED CUSTOMER RELATIONS


One of the most significant benefits of Artificial Intelligence is its ability to manage large quantities of data. This helps organisations keep track of their customers' behaviour patterns and provide them with suitable options to choose from. For instance, Netflix uses AI to understand user's preferences and suggests appropriate movies or shows for them. They also use this technology to understand the user's choices in terms of genres & actors, and customise a thumbnail in accordance to those preferences to increase the probability of the user clicking on a particular title. With a better understanding of the behaviour patterns, it becomes easy to manage customer relations.

ENHANCES PRODUCTIVITY AND AVOIDS ERRORS


Automation is one of the biggest benefits of Artificial Intelligence. With the use of Artifical Intelligence, the purpose and scope of automation have been tremendously augmented as a result. Artificial intelligence allows computers to study the way a particular task is performed by humans and develops programs to mimic the same patterns. Now it's possible to treat unwieldy tasks that were difficult to handle manually with much more ease and efficiency. This also cuts down the risk of errors and allows tasks to be completed in significantly lesser amounts of time.

ALLOWS FINANCIAL OPTIMISATION


Artificial intelligence makes it easier for organisations to manage finances. With AI, it is possible to recognise the trends of the stock market, keep investments in track, and get an understanding of the proper optimisation of the company finances. AI also allows companies to adopt more cost-effective measures to complete a task, cutting down overall expenses.

The growth of Machine Learning and Artificial Intelligence has led to a high demand for professionals with expertise in this science. However, one needs formal education in the domain to be able to understand the functionalities of the industry. Several institutes are offering this specialised degree, one of which is ICRI. ICRI offers a B.Tech (CSE) Artificial Intelligence & Machine Learning, which helps students understand the practical applications of these technologies and get ready to make a career around this highly rewarding vertical. These courses help students learn from expert teachers and interact with industry specialists, allowing them to get acquainted with their profession while they complete their education.


Article by Tony John
Tony John is a professional blogger from India, who started his first Weblog in 1998 at Tripod.com. Tony switched to blogging as a passion blended business in the year 2000 and currently operates several popular web properties including IndiaStudyChannel.com, Techulator.com, dotnetspider.com and many more.

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Comments

Author: Umesh04 Jul 2019 Member Level: Diamond   Points : 5

Artificial intelligence is definitely a fast emerging discipline utilising the advancements so far in the areas of technology and computer sciences. Though mimicking a human brain is still a dream project but the phenomenal growth in this area is bringing new dimensions to carrying out jobs and removing the manual interfaces from many places. The artificial intelligence coupled with robotics is something which is going to revolutionise our life in great and fascinating ways and in this scenario it is imperative to choose it as a career option by the eligible candidates.

It is said that the early bird catches the worm. So, those who will enter this area in time will naturally be benefitted in terms of their future career and growth. It is high time that those, who have an interest and liking for this emerging area, should take advantage of the courses offered by the reputed institutions in this field.

Author: Neeru Bhatt05 Jul 2019 Member Level: Gold   Points : 3

Some people have a doubt that artificial intelligence will cut short more jobs and may act as a catalyst to worsen the situation of employment in our country. As the customers usually like to avoid interaction with the people behind the desks, they will be happy with AI, robotics and related automation but will it all not be detrimental to the job position? This is a question which comes in our mind time and again whenever we talk of technological advancements and automation in all walks of our life.



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