Transforming Enterprise Workforce with the Power of Artificial Intelligence

Transforming Enterprise Workforce with the Power of Artificial Intelligence

Machine Learning, AI & Deep Learning

We live in an evolving world where technologies and platforms are transient. Yesterday’s buzzword can become obsolete tomorrow, and today’s catchphrase may soon lose its significance. There are, however, certain technologies that may or may not roll in with much ado, but with time become phenomena. Artificial Intelligence has been one such technology which has gained a considerable ground since it was baptized at the Dartmouth Conference in 1956 by John McCarthy, who is regarded as the father of Artificial Intelligence. 

Today, Artificial Intelligence finds its application not only in the IT or technology industry, but also in other fields such as medical, education, manufacturing, and law. From the lovely voice assistance of SIRI, to satiating our movie appetite with NETFLIX; in the admiration of a car geek for TESLA, to being awestruck at the sight of flying drones, artificial intelligence, in some way or the other, has entrenched into our lives. And it may still sound incredible that this is only the beginning. What is being anticipated with Artificial Intelligence is the fourth industrial revolution ensuing a machine to be your lawyer, doctor, or accountant.   

Artificial Intelligence and Machine Learning Introductions

Artificial Intelligence imparts human-like intelligence and thinking to machines. In simple words, it is an attempt to make machines behave like human beings, especially with respect to the mental faculties. Machine Learning is a subset of Artificial Intelligence aimed at imparting cognitive capabilities to machines that enables them to perform tasks such as image recognition, pattern analysis and output prediction with a similar or even better efficiency than humans. 

Artificial Intelligence incorporating Machine Learning is the science and engineering that imparts intelligence to machines and computers. Human intelligence and learning can be described in precisely discrete ways such that a machine can be programmed to simulate it. This is the crux behind the formulation of concepts and theories associated with Artificial Intelligence and Machine Learning. 

Job Curtailment with Artificial Intelligence - Busting the Myth

Human beings are nothing but a bunch of cynics who wail about the price of something before rejoicing on its value! The same goes true about Artificial Intelligence and Machine Learning which is intimidating professionals across the globe who believe that human beings will sooner be replaced from their jobs by “intelligent” machines. 

According to the research firm Gartner, Artificial Intelligence will remove 1.8 million jobs while generating 2.3 million, by the year 2020

Yes, Artificial Intelligence will reduce jobs. But it will create much more than it will eliminate. The impact of Artificial Intelligence affecting jobs will vary from industry to industry. There will be a great surge in jobs in the healthcare, education and public sectors, while manufacturing and transportation industries will witness wiping out of many jobs. 

Nevertheless, the overall scenario looks bright since Artificial Intelligence will help in doing away with routine, repetitive, and voluminous tasks enabling operations to be scaled in a much agile way. Sales and customer service tasks will be greatly enhanced with Artificial Intelligence along with the inclusion of accuracy and precision to the processes. Artificial Intelligence is also set to improve productivity and cut customer acquisition costs. 

After all, human beings deserve to learn and perform higher work abandoning the repetitive, redundant ones.   

Impact of Artificial Intelligence on the Workforce

The only constant in the technology world is change. Enterprises are in a constant quest to transform themselves into more agile, mobile, and future-ready economies. Offering more for less is the business mantra, and Artificial Intelligence fits perfectly into this philosophy since it can replace humans for a variety of tasks. However, not all kinds of jobs are suited for Artificial Intelligence to take over, and Artificial Intelligence itself requires the scientific and engineering finesse of the human brain.    

“Artificial Intelligence is here to give us a promotion”, says Gartner. 

A professional resource is someone who keeps reinforcing his arsenal. And Artificial Intelligence definitely demands to be a part of the workforce’s repertoire. Evolve or expire, is the ideology associated with a technology sector obsessed with innovation. The 4th industrial revolution is imminent and widespread innovations in Artificial Intelligence will be one of its significant driving forces.

Why Train Your Workforce with Artificial Intelligence?

Operations within organizations have been revolutionized by Artificial Intelligence and Machine Learning. Not only has the promotion of products become more efficient, the predictions in terms of sales and customer behavior have also become more accurate. For many industries, Artificial Intelligence and Machine Learning is the future and so they are investing heavily upon it. Technology giants like Google, NVIDIA and Amazon are in this league. 

According to Forbes, about 80% enterprises have already incorporated Artificial Intelligence in some form and in the coming 3-4 years, 30% enterprises will increase their investment on Artificial Intelligence.

With the widening of the scope for Artificial Intelligence and Machine Learning across different industry domains, there will be a great demand of experts in these technologies. To prevent themselves from feeling the heat of bridging this gap between demand and supply of talent with skills, enterprises must ensure training their workforce in technologies such as Artificial Intelligence, Machine Learning, Deep Learning, Big Data, and Neural Networks.

The algorithmic wave of Artificial Intelligence will sweep away human involvement in skill-low, redundant, but labor intensive tasks. It will, on the other hand, bring along several opportunities to enhance the skills and expertise of the workforce uplifting it to new heights. 

We are living in the times when both machines and human beings are in a state of learning and teaching one another. What we can anticipate in the future is a confluence of man and machine working their way to transform each industry and every sector.

Cognixia, a Collabera Learning Solutions Company strives to offer a comprehensive Training in Artificial Intelligence and Machine Learning to students and professionals across the globe. Our machine learning, AI & Deep learning certification training courses are designed and regularly enhanced with latest updates by industry experts bestowed with extensive experience. Enroll today and gain the professional skill and expertise to boost your career growth.