Tons of data is generated every day. And now that we have started using data for decision making, it is changing everything we know. From small startups to large MNCs in Delhi, all the companies are trying to use the data for their own benefits. This data-driven decision making is reshaping the business and will continue to do so in the near future.
The state of Machine Learning in companies and in your daily life
Machine Learning is a new field of the tech world and still, a lot of research is required to harness the field. Over the years, tech experts have been trying to find ways to make use of Machine Learning. Social Media feeds shown by Facebook and Instagram, Product recommendations on Amazon, detection of financial fraud in banks, surge pricing in uber are some of the many functionalities of the Machine Learning algorithms. Day by day these systems are able to function with less human interference.
In some way or another, knowingly or unknowingly, every person is using one or the other product of Machine learning. It has become an inevitable part of every profession, especially the ones involved in the field of Data Science and Information Technology.
Here are some of the benefits of Machine Learning that you should know -
- It reels in better job opportunities:
In a report published by Tractica, in the year 2016, the services driven by Artificial Intelligence were found to be of $1.9 billion worth. By the year 2025, this number is expected to increase to reach about $19.9 billion. Every corporation in the world is trying to use Machine Learning in their decision-making process. The domains of Machine Learning and Artificial Intelligence are expanding to every industry. This has led to more and better career opportunities in the present as well as future.
- Machine Learning engineers earn a pretty penny:
Payscale published a report in which it stated that a machine learning engineer can earn up to an average of about Rs. 7,25,000 per year in Delhi.
- Demand for Machine Learning skills is only increasing:
Even though Machine Learning is in such a huge demand, there are not enough qualified Machine Learning engineers available. This has led to a huge gap between demand and availability. The Chief Information Officers (CIOs) of some huge corporations in the world have pointed out this skill gap. However, this also means that if you have Machine learning skills, not only will you be in demand but you would also be paid quite handsomely. And this demand is only going to increase in the future. There are several companies in Delhi that are hiring Machine Learning engineer including Genpact, Boston Consulting Group, Adobe, Accenture, American Express, dunnhumby, Ericsson-Worldwide, Amazon, VMware, Expedia Group, Oracle, Orange, Saavn, Telesoft Technologies, Hike, BlackRock, etc.
- Most of the industries are shifting to Machine Learning:
Most of the industries around the world are dealing with more data that they can handle. And this production of data is only going to increase in the future. Companies are quick to get the benefits of data analysis. Through this, not only are they working competently and efficiently but they are also getting ahead of their competitors.
If you want to work in the field of Machine Learning, the time is right since all the fields are looking for Machine Learning engineers. These fields include healthcare, finance, oil and gas, transportation, and government agencies.