Artificial Intelligence, or AI, has already received a lot of buzz in the past decade, but it continues to be one of the new technology trends because of its notable effects on how we live, work and play are only in the early stages. AI is already known for its superiority in image and speech recognition, navigation apps, smartphone personal assistants, ride-sharing apps and so much more.

Related learning: Advantages and Disadvantages of Artificial Intelligence

Other than that AI will be used further to analyze interactions to determine underlying connections and insights, to help predict demand for services like hospitals enabling authorities to make better decisions about resource utilization, and to detect the changing patterns of customer behaviour by analyzing data in near real-time, driving revenues and enhancing personalized experiences.

Figure 1. Artificial Intelligence (AI) and Machine Learning

Figure 1. shows The AI market will grow to a $190 billion industry by 2025 with global spending on cognitive and AI systems reaching over $57 billion in 2023. With AI spreading its wings across sectors, new jobs will be created in development, programming, testing, support and maintenance, to name a few. On the other hand AI also offers some of the highest salaries today ranging from over $1,25,000 per year (machine learning engineer) to $145,000 per year (AI architect) - making it the top new technology trend you must watch out for!

Machine Learning the subset of AI, is also being deployed in all kinds of industries, creating a huge demand for skilled professionals. Forrester predicts AI, machine learning, and automation will create 9 percent of new U.S. jobs by 2025, jobs including robot monitoring professionals, data scientists, automation specialists, and content curators, making it another new technology trend you must keep in mind too!

Computing power is crucial because it affects how effectively a computer can do tasks. A computer's processing speed and the number of simultaneous processes increase as its power increases. Because of this, computers with higher levels of computing efficiency frequently cost more than those with lower levels of power.

Mastering AI and machine learning will help you secure jobs like:

• AI Research Scientist
• AI Enginee
• Machine Learning Engineer
• AI Architect [1]

Artificial Intelligence (AI) and Machine Learning (ML) are two closely related but distinct fields within the broader field of computer science. AI is a discipline that focuses on creating intelligent machines that can perform tasks that typically require human intelligence, such as visual perception, speech recognition, decision-making, and natural language processing. It involves the development of algorithms and systems that can reason, learn, and make decisions based on input data.

Artificial Intelligence (AI):

Artificial Intelligence comprises two words “Artificial” and “Intelligence”. Artificial refers to something which is made by humans or a non-natural thing and Intelligence means the ability to understand or think. There is a misconception that Artificial Intelligence is a system, but it is not a system. AI is implemented in the system. There can be so many definitions of AI, one definition can be “It is the study of how to train the computers so that computers can do things which at present humans can do better.” Therefore It is an intelligence that we want to add all the capabilities to a machine that human contains.

Machine Learning (ML):

Machine Learning is the learning in which a machine can learn on its own without being explicitly programmed. It is an application of AI that provides the system the ability to automatically learn and improve from experience. Here we can generate a program by integrating the input and output of that program. One of the simple definitions of Machine Learning is “Machine Learning is said to learn from experience E w.r.t some class of task T and a performance measure P if learners performance at the task in the class as measured by P improves with experiences.”

References:

1. https://www.simplilearn.com/top-technology-trends-and-jobs-article#4_artificial_intelligence_ai_and_machine_learning
2. https://www.geeksforgeeks.org/difference-between-machine-learning-and-artificial-intelligence/

Cite this article:

Gokula Nandhini K (2023), Artificial Intelligence (AI) and Machine Learning, Anatechmaz, pp.4