Artificial Intelligence (AI) is growing at a high rate with its various voices and names becoming popular in our day to day lives. To name a few, Alexa, Siri, Einstein, Coleman, Cortana, and Watson are among the most popular ones. The future of work revolves around AI. Tech hubs are now competing with each other to make their system of Artificial Intelligence faultless. As a result, the companies are looking for top talent to do so.
So what exactly is AI? What are its components?
In this article, know everything about Artificial Intelligence including its branches, importance, application areas, scope, career prospects, top recruiters, and a lot more.
What is Artificial Intelligence?
The theoretical knowledge and advancement in the computer system that make them carry out a number of tasks requiring human intelligence, including speech recognition, decision-making, visual perception, translation between languages, etc. is known as Artificial Intelligence (AI). In computer science, AI is also known as machine intelligence, and it is the aptitude shown by machines, unlike the natural intellect displayed by humans.
Artificial intelligence is the study of intelligent agents, which recognises its environment and takes actions that result in optimising its possibility of attaining its goals successfully. It is a system’s ability to infer the external data correctly, to learn from the data, and finally using that information to attain particular goals via flexible adaptation. In simple words, artificial intelligence is applied when a machine imitates cognitive functions that we associate with others, like problem-solving, learning, etc.
Importance of Artificial Intelligence
Artificial Intelligence has become a crucial part of our daily life. It has reduced human effort to a great extent. In various industries, this technology has been utilised to develop machine slaves for performing different activities. Four industries where artificial intelligence is making a huge impact are healthcare, security, education, and human resource. The importance of AI can also be seen in the following areas:
Bank and financial system- Banks handle work like financial operations, money investment in stocks, management of properties, and much more. Usage of AI in banks helps in giving customers a quick solution.
Medical science- AI is used for creating virtual personal health care assistant. It is also used for research and analytics purposes. Healthcare bots giving 24/7 assistance have been introduced for scheduling an appointment, and a lot more.
Heavy industry- Big manufacturing companies use Artificial Intelligence in their production unit. They are used in form of robots that shape different kinds of objects, move objects from one place to another, etc. A lot of tasks are completed on time because of AI.
Air transport- It is one of the most systematic transports that cannot survive without AI. A major role is played by the Artificial Intelligence technology to control air transportation. Various kinds of software are designed on this technology for ensuring better flight experience as well.
Gaming zone- Computer and television games have seen immense development because of AI. Different kinds of gaming bots have been created because of which you don’t have to wait for any other person to play with you. A video game bot is programmed to play with you.
Scope of Artificial Intelligence
Eventually, the aim of Artificial Intelligence is to make computer programs that are capable of solving problems and achieving targets. Its extent includes speech recognition machine, language detection machine, game playing, computer vision, robotics, expert systems, and more. AI has already shown and is continuing to demonstrate tremendous advancements in the fields of science, cybersecurity, emotion bots, data analysis, and marketing & advertising.
If there is a company where sales and marketing is the most crucial aspect, then AI can create the most value. If a company has operational excellence as the most important aspect, then the most value can be created with AI. For a bank or an insurance company, the risk factor
|Branches of Artificial Intelligence|
|Artificial Intelligence is a vast field having innumerable branches. The branches can be classified on the basis of approach and application. Some of them are as follows:|
|Inference||Common sense knowledge & reasoning|
|Learning from experience||Planning|
|Artificial Creativity||Artificial life|
|Automated planning and scheduling||Automated reasoning|
|Text mining||Process mining|
|Speech generating device||Strategic planning|
|Vehicle infrastructure integration||Virtual Intelligence|
s the most important. Here also, Artificial Intelligence is capable of adding value. It manages human capital, analyses people’s performance, recruitment, and much more, all via the whole business system.
Career prospects of Artificial Intelligence
The professionals of AI are recruited by private companies, public entities, healthcare facilities, government agencies, military, education, arts, etc. Those, who have the skills of translating digital information into meaningful human experiences, can make a rewarding and sustaining career in AI.
Earning potential in Artificial Intelligence
On the entry level, companies looking for Artificial Intelligence professionals hire programmers having a bachelor degree. For a higher position, AI programmers having a master degree or doctorate in Robotic Engineering are recruited. The average annual salary of a robotics engineer in this field is more than $90,000.
AI specialists having even little industrial experience can earn between $300,000 and $500,000 per annum in salary and stock at a major tech company. Those having vast experience can receive compensation packages in millions.
The salaries of upper-level professionals in the top AI companies are skyrocketing because the technology is still not understood by many people, and also there is a huge number of companies that are willing to work with it. There is a huge gap in the demand and supply of AI professionals.
|Some of the most prominent job profiles of this field are as follows:|
|Software analysts and developers|
|Manufacturing and electrical engineers|
|Computer scientists and computer engineers|
|Surgical technicians working with robotic tools|
|Research scientists and engineering consultants|
|Mechanical engineers and maintenance technicians|
|Military and aviation electricians working with flight simulators, drones|
|Post-secondary professors at technical and trade schools, vocational centers, Univ|
|Graphic designers, digital musicians, textile manufacturers, and architects|
|Health professionals working with artificial limbs, prosthetics, hearing aids etc|
|Top companies hiring Artificial Intelligence professionals|