Machine Learning - A Trending Tech Skill in 2020

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Machine Learning A Trending Tech Skill in 2020
- Global Knowledge Technologies
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• While human being is the creator of technology,
  today almost no one can imagine their life
  without technology. Thats how profoundly
  technology is controlling its creator now.
  Mankind is literally at the cusp of rapid
  technological advancement.
• Around 73 of all cubicle-related jobs will be
  automated by 2030 which is equivalent to over 20
  million jobs. (infographic)
• On the brighter side, this is also true that only
  humans hold the power of thinking and creating.
  Keeping pace with the technological advancements
  and getting versed in trending technology shall
  unequivocally let the working class stay valuable
  in the global technology job market. Tech
  enthusiasts today, to confront the changing
  technology ecosystem are increasingly showing
  interest in taking up top IT Courses and get
  trained in top technical skills. And when we talk
  about tech skills, mentioning Machine
  learning certainly becomes imperative.

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Machine Learning A Trending Tech Skill in 2020
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What is Machine Learning?

• Google the meaning of Machine Learning, and you
  will end up finding countless definitions in
  technical language. In laymans term, Machine
  Learning which was coined by Arthur Samuel back
  in 1959, is a subset of Artificial Intelligence
  that deals with allowing the machine to
  comprehend and learn huge data themselves through
  examples and experiences. In ML, extraction of
  patterns from large data sets is made quite easy,
  thus enabling develop significant logic based on
  the given data.
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• Machine intelligence is the last invention that
  humanity will ever need to make.
• -Nick Bostrom, Professor, University of Oxford

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Machine Learning Applications

• The application of Machine Learning is
  transforming almost every industry today where
  businesses are using ML for capitalizing its data
  to gain meaningful insights, intensifying sales,
  improving the relationship with customers, just
  to name a few.

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Machine Learning in Travel Industry

• Travel is one of the industries which require
  maintaining a high customer satisfaction rate for
  better business outcomes. To improvise the
  overall customer experience, over the years
  travel industry has been applying machine
  learning in the form of developing smarter
  intelligent travel assistants, AI-based
  personalization to boost customer loyalty
  programs, prepare tailored offers for customers
  and many more.
• To summarize, Machine Learning is exceptionally
  enabling travel marketing analytics to become way
  more predictive. The impact of ML is such
  that, around 97 of the industry experts admitted
  they believe the digital marketing future will
  involve human marketers working with machine
  learning-powered automation.

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Machine Learning in Logistics Industry

• In the time when most of the useful activities
  are being performed online- from shopping
  clothes to vegetables and likewise, logistics
  plays a great role in delivering and picking
  goods from one place to another. Thus to address
  the fast-evolving demands of the customers, the
  logistic industry is putting ample effort into
  adapting to technologies like ML and AI for
  enriching real-time decision making on issues
  like inventories, carriers, availability and
  costs , to keeping track of warehouse locations.
• Forbes insights research found out 65 of senior
  transportation-focused executives agree that the
  evolution of AI, ML and, related technologies can
  bring significant revolution in the logistics,
  supply chain and transportation processes.

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Machine Learning in Retail Industry

• Retail businesses across the world are leveraging
  the potentialities of Machine Learning and it is
  poised to disrupt the retail industry in many
  ways. One primary zone where ML is contributing
  is in the materializing theory of smart
  automation in inventory management and supply
  chain.
• For instance, a retail king like Amazon has
  access to a myriad of customer data and applying
  ML to that data, they can predict demand for
  particular products, provide customized
  recommendations and so on. Owing to that, it came
  to light  Amazons 35 percent of sales come from
  machine learning-driven product recommendations
  that are tailored to each shopper.

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IBM Machine Learning

• Watson Studio IBMs enterprise platform for
  harnessing the potentialities of AI, enables
  enterprises to scale and simplify data science to
  accelerate their business results. Watson Studio
  owing to IBM Watson Machine Learning has gained a
  noticeable recognition worldwide as a top-notch
  data science and machine learning platform. IBM
  Watson Machine Learning allows building
  analytical models and neural networks by offering
  a range of tools and services enabling to build,
  train, and deploy ML models.
• Global Knowledge Technologies being one of the 5
  Global training providers of IBM delivers a wide
  range of IBM training programs, letting the
  professionals earn essential skill sets and
  acclaimed Certifications that help in heightening
  the value of their resumes.

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Machine Learning Market

• By now, you might have already understood the
  extensive utilization of Machine Learning by
  varied industries which raises the value and
  growth of ML both globally and nationally.
• AI and ML have the potential to generate an
  additional 2.6T in value by 2020 in Marketing
  and Sales and up to 2T in manufacturing and
  supply chain planning.
• Zion Market Researchs 2018 July report revealed
  that the ML global market was valued at USD 1.58
  billion in 2017 and is all set to account for USD
  20.83 billion in spending by 2024 with a 44.06
  compound annual growth rate.
• Kris Gopalakrishnan, Co-founder of Axilor
  Ventures and former Executive Vice Chairman of
  Infosys, recently claimed that emerging
  technologies such as AI and ML would impact the
  Indian economy like the 177 IT services sector.
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Machine Learning Career Highlights

• Comprehending the increasing need for ML skilled
  professionals, it will not be wrong to say
  that Machine Learning is undeniably going to
  shape the employment scenario globally.
• As of November 2019 Glassdoor survey on salaries,
  the average salary for a Machine Learning
  Scientist is INR 42,16,786 in India.
• Python has been found as the most popular
  language for data science practitioners in
  the Analytics India Magazine 2019 survey, where
  75 percent of respondents said that Python is a
  demanding career path among job seekers.
• Get yourself prepared for upcoming challenges and
  opportunities coming your way in the professional
  front with adding Machine Learning
  Certifications, which will make sure that you are
  in tune with the future demand of the job market.
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Thank you!