Inventateq Blog

What is the Future of AI? Know about the Scopes and Ideas?

Did you know? 

By the year 2025, the AI market will amount to almost $60 billion. It is also expected to increase the global GDP by nearly $15.7 trillion by the year 2030.

Artificial intelligence is slowly and steadily shaping the future of millions of businesses across the globe.

Artificial intelligence can be defined as the ability of computers and technologies to take over manual tasks and automate them using human intelligence. It is the driving fuel behind major technologies like IoT, big data, and robotics. 

Be a part of this AI revolution, then it’s time for you to join an artificial intelligence course in Frankfurt! Read on to find out how AI will transform both careers and lives in the near future! 

What AI holds in store for the future?

AI forms the building block of the IT revolution and is the pioneer of the latest emerging technologies. 

Thanks to AI, computers today have mastered the art of extracting massive amounts of data and making optimized decisions for businesses. On one spectrum, industrial sectors have advanced in their AI journey, while some have just started it. 

Here’s how several industrial sectors will be transformed by AI. 

Banking

Statistics suggest that the size of the global AI banking market is expected to cross $64.03 billion by the year 2030. 

The banking sector has witnessed several technological advancements due to AI in the past decade. It is one of the most important industrial sectors that have adopted artificial intelligence to pick up the pace with the current marketing trends.
 

ALSO READ:  Understanding the Differences: Data Science vs. Data Analytics vs. Machine Learning

From taking over the mundane task of recording customer data to revolutionising digital payments, AI is truly at the forefront of the banking sector. 

Some other areas taken over by AI in the banking sector are – 

  • Fraud protection 
  • Data quality enhancement 
  • Digital assistants
  • Improved customer support 

Healthcare

The healthcare industry is hailed as one of the most progressive industries in the world today. Artificial intelligence has had a huge impact on this industry. You too can gain a chance to work at top-notch healthcare institutions by honing your AI skills and joining an artificial intelligence course in Frankfurt
 

The share of artificial intelligence in the global healthcare market is expected to rise from $13.82 billion currently to $164.10 billion by 2029. 
 

One of the most popular use cases of AI in the healthcare industry is called Collaborative Cancer Cloud developed by Intel. This cloud service collects the relevant cancer patient data to aid in cancer diagnosis at an early stage. AI has also made its mark in the areas of synthetic biology, drug testing, and much more. 

Business

Businesses are continuously benefiting from AI by meeting the demands of their growing customer base. It also helps them enhance the user experience in the comfort of their home. A huge amount of customer data is generated by businesses on a daily basis and to make better-informed business decisions, it is essential to analyse this data. 
 

ALSO READ:  Why Data Science is the Key to Future Success

With the help of artificial intelligence and data science, it has become easier for businesses to comprehend their customer data. If you’re intrigued by big data and robotics, then working as a data scientist can be an excellent career option for you. 
 

Embark on your career journey as a data scientist by joining artificial intelligence classes in Frankfurt and learning AI from the most experienced tutors. 

Finance

The finance industry has advanced by miles due to artificial intelligence. AI has made it possible for financial institutions to assess the information about their borrowers and follow a more transparent loan lending system. It has made it easier for banks and other financial institutions to identify “at-risk” borrowers. 
 

If you’re from a finance background and want to pick up the pace with the AI trend in the finance industry, then join an artificial intelligence course in Frankfurt to expose yourself to the blooming world of financial opportunities. 

Education

The importance of artificial intelligence in the education sector is continuing to grow immensely. The value of good quality education cannot be undermined and AI helps realise the global vision of providing good quality education to the youth. AI is shaping the education sector by customising learning software as per the needs and wants of the students, improving the accessibility of education, and replacing menial human tasks with digital assistance. Realising the importance of AI in the education sector, UNESCO has also launched an International Advisory Board to help students learn more about AI and its impact on the human race. 

ALSO READ:  Why Data Science is the Key to Future Success

What are the Career Opportunities in Artificial Intelligence? 

Due to its penetration in various industries and more, artificial intelligence will open the gates to thousands of career opportunities for enthusiastic learners. 
 

Taking up an artificial intelligence course in Frankfurt can help you stay at the brim of such career opportunities. Here are a few of the most sought-after jobs in AI: 

  • Big Data Engineer: Such engineers help create an ideal ecosystem to administer an organization’s big data and improve its efficiency. 
     
  • Business Intelligence Developer: This job requires you to have robust business acumen and realise your vision with the help of AI. 
     
  • Data Scientist: For this job, you must collect relevant organisational data, analyse it, and create constructive inferences. 
     
  • Machine Learning Engineer: This is a subset of AI and it involves creating self-running software facilities and maintaining them. 
     
  • Research Scientist: If you love spending time with machine learning applications, then this is the perfect job profile for you. It involves performing exhaustive research in the fields of statistics, applied mathematics, machine learning, and deep learning. 

Final Thoughts 

Do you want to switch your career to AI after observing all the above-stated facts and scopes? Then you can expand your global reach by joining an artificial intelligence course in Frankfurt today!

by Rajat Patel

Leave a Reply

Your email address will not be published. Required fields are marked *