AI technology is important because it enables human capabilities viz. understanding, reasoning, planning, and perception, to be undertaken by software effectively, efficiently, and at low cost. AI has numerous, tangible use cases today that are enabling corporate revenue growth and cost savings in all industrial sectors.
Artificial Intelligence and Machine Learning UG program is primarily focused on applications of Machine Learning to impart intelligence in machines to solve non-deterministic problems which humans can solve with ease. If the natural intelligence of humans can be imparted to computers, then they can also make decisions like humans.
The main objective of AI & ML is to program computers, use datasets or knowledge to solve a given problem. Many successful applications based on machine learning include systems that analyse past sales data to predict customer behaviour to complete a task using minimum resources and extract knowledge from bioinformatics information.
Future of AI
A new report by Grand View Research projects that the global artificial intelligence market will reach USD 390.9 billion by 2025. According to the forecast, the market will grow at a CAGR of 46.2% by the year 2025. Integrating artificial intelligence across various applications is a significant market driver.
The development of voice and image recognition contributes to the worldwide market's growth, as they represent the most common applications of AI in our daily lives, being used in a variety of devices and for many purposes. Also, robotics, drones, and self-driving cars all need better image recognition technology.