Artificial Intelligence and Machine Learning at Best MBA Colleges in India

Artificial intelligence (AI) is a simulation of human intelligence in machines that are programmed to contemplate and replicate the actions performed by humans. Artificial intelligence is inbuilt with the ability to rationalize and perform actions to achieve a specific goal at a specific period. Machine learning, which refers to the study of computer algorithms that can learn and improve automatically from new data without being assisted by humans, is a subset of artificial intelligence.

A complex algorithm is inherited into a computer to allow the machine to identify data and define a goal that it identifies. Machine learning is useful to pass the immense amount of information readily available in the world to assist in decision-making. Machine learning can also be used in a variety of areas, for instance investing, lending advertising, organizing news, fraud detection, and more. Techniques such as Deep learning enable this automatic learning through the absorption of a large chunk of unstructured data (text, images, or video).

Most of the time, when people hear about the term A.I., the very first thing they contemplate is Robots. But that’s not a complete truth. A robot is an automatically operated machine that supersedes human efforts by using artificial intelligence. A.I. reply on the principle of human intelligence that a machine can easily impersonate and execute tasks, from the simplest to those that are even more complex. Researchers in this field are making stunningly rapid strides in impersonating activities such as learning, reasoning, and perception, to the extent that these can be concretely defined.

As technology is evolving day by day, benchmarks, that have been previously established and defined the artificial intelligence, have become outdated. For instance, machines that calibrate basic functions are no longer considered to embody artificial intelligence as these functions are now taken for granted as an inherent computer function. And thus, artificial intelligence has been categorized into two categories: weak and strong. The weak one is designed to carry out a single job. It includes video games and personal assistants like Amazon’s Alexa where an individual asks a question, it answers it.

Strong systems perform multiple tasks and are considered to be human-like. These systems are considered to be more complex, complicated systems and are programmed to handle situations that may require solving the problem without personal intervention. System of these kinds is also available in hospital operating rooms or self-driving cars.

As the applications for artificial intelligence are endless and can be applied to many different sectors and industries, it has been proved beneficial to this human era. AI has been proved beneficial in the healthcare industry for dosing drugs and for surgical procedures in the operating room.

Artificial intelligence also has proved beneficial in the financial industry to detect and flag activity in banking systems such as suspicious debit card usage and huge account deposits which help the banking system to detect fraud. AI learning is also being used to make trading easier. This is done by performing demand and supply.

Also, many best MBA colleges in Delhi are providing a dedicated course in Artificial intelligence and machine learning. Many students are keen to learn and become professionals in artificial intelligence and machine learning. Due to the growing adoption of technology and the need for a trained professional, AI and Machine Learning have become sound career choices. AI as a field offering a lot of employment opportunities to everyone.

Since its beginning, artificial intelligence has been under scrutiny to develop machines that will become so highly developed to perform actions that humans will not be able to keep up.

As artificial intelligence is redesigning itself at an exponential rate that leads to questioning its ethics. Machines can hack into the privacy of people and also can be weaponized. Other arguments debate that robots should be treated with the same rights as humans. Another contentious issue many people have is how artificial intelligence is affecting the employment rate. With many industries looking to replace humans and automate certain jobs through the use of intelligent machinery, the concern that scares the people is that they would be pushed out of the workforce. Self-driving cars may remove the significance of taxis and car-pool programs, while manufacturers are easily superseding human labor with machines, making people’s skills more obsolete.

Artificial Intelligence and Machine Learning are the technologies that are transforming every walk of life. The increasing penetration of technology is transforming the world as well as altering the decision making within the organizations.

Ms. Saniya Marwah
Assistant Professor, RDIAS