If you are pursing your B.Tech or if you are an aspirant for the engineering degree, then chances are you would have come across the term Artificial Intelligence.
The technology is gaining prominence with digitization and India, being a country with one of the largest talent pools in the world, is preparing for the technology race of the future.
This write-up tries to provide an overview of Artificial Intelligence industry in India and its future.
Readers can also get to know about how the domain creates jobs for technology professionals.
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Artificial intelligence is one of those sectors in India which has many number of start-ups.
In recent times, the sector has been attracting investments from global giants.
About $150 million dollars is invested in India’s AI sector by private players alone and the number has been growing since 2016.
Though there has been growth in investments, the country is way behind the likes of the US and China.
So what makes India a high potential destination for AI in the world?
It is simply the gigantic pool of STEM talent, a solid foundation for the IT sector which is backed by economic support.
The need for improvement in the quality of life of citizens will further fuel the growth of AI in India in near future.
India ranked third among G20 nations in 2016 going by the number of Artificial Intelligence based start-ups in the country.
Such companies are based in cities like Bengaluru, New Delhi, Mumbai and Hyderabad.
Their product range vary from multi-lingual chat bots to online shopping assistance and automated consumer data analysis.
The companies have been working in areas such as E-Commerce, Healthcare, Ed-Tech, FinTech etc.
India is in the race with countries like China and the US as far as AI is concerned. Start-ups are a big sign of hope for the country in this race.
Artificial Intelligence sector is in the fast-track of growth in India.
More number of AI jobs are expected to be created in the near future. There is growing demand for qualified personnel in the sector.
But there are not many institutions in India that offer AI degree programs that prepare students for jobs.
Among the many Universities, there are a few which are tied-up with the industry to come-up with AI courses in India that are relevant to the market.
Apart from it, students have the option of enrolling in online courses for AI.
Most of these courses are short-term courses and prepare students at the surface-level for careers.
Whatsoever, Artificial Intelligence is a growing domain as far as technology is concerned and aspirants will be going through a process of continuous learning during their careers.