How Machine Learning is Transforming the Indian IT Industry
11-Oct-21 , India
As technology embeds itself into every aspect of our lives machine learning has emerged at the centre of India’s digital transformation From the use of virtual personal assistants in everyday life to the adoption of image recognition software technologies driven by machine learning are deeply embedded in our daily lives Machine Learning is being used for a wide range of functions within the business domain including market research search engine optimisation traffic forecast customer service data management risk mitigation big data analytics AI algorithms and fraud detection In fact the market for machine learning is expected to grow to 306 billion by 2024 at a Compound Annual Growth Rate CAGR of 428
In India the highest investments among the various AI technologies are in the field of machine learning applications The reason behind these high investments is the growing popularity of ML applications across business functions like finance accounting general management IT operations and administration In fact NITI Aayog has noted that India can add 13 to its GDP annually through machine learning and artificial intelligence
Opportunities and Challenges For Aspiring ML Professionals
An increase in the applications of machine learning across several fields and increasing investments have led to an everrising demand for machine learning experts For instance the job title ‘Machine Learning Engineer’ topped LinkedIn’s rankings for Emerging Jobs between 2012 and 2017 with a growth rate of 98
However the increasing demand for jobs in machine learning is faced with a shortage of talent Machine learning is still a novel field in India and as such there is a severe shortage of upskilled professionals within this domain A recent survey by O’Reilly Media has shown that the shortage has subsequently slowed down AI adoption in enterprises The reason for the shortage of talent can be attributed to two causes Firstly companies hiring machine learning programmers are often biased towards the academic pedigree of the job applicant Programmers aiming to opt for machine learning jobs often find that the jobs have entry barriers that are biased towards students from prestigious universities like IITs Secondly most programmers lack an indepth knowledge of machine learning that can be applied within business contexts They lack the industry training and specific skillsets required to succeed in corporate roles
Currently programmers who are trained in Python have to let go of several career advancement opportunities as they aren’t upskilled in Python enough to build Machine Learning algorithms on a vast number of datasets and in doing so automate processes Despite Python being an approachable and wellknown language very few programmers possess ML skills such as using the TensorFlow framework to build several neural networks or explore more advanced techniques To tackle this issue IT professionals and companies are investing in upskilling through executive education programmes that are specifically tailored to train working professionals in Machine Learning Ops within industrial contexts
How Executive Education is Helping IT Professionals
For people who have completed their education in ITrelated fields and are in the midstages of their careers it can be pretty inconvenient and financially draining to pause their jobs to pursue graduate degrees that would train them in machine learning This is one of the primary reasons upskilling in an advanced domain like Machine Learning proves to be an arduous task for programmers with a few years of industry exposure However executive education programmes from India’s toptier institutes are changing that
Executive certificate programmes offer learners the opportunity to develop new skills while continuing their jobs They allow experienced programmers to advance their careers and take up new opportunities Besides potential salary increments and job promotions a certificate programme from a toptier university also offers learners access to alumni benefits and networking opportunities within their fields
Consider the case of IITRoorkee’s sixmonth Certificate Programme in Machine Learning CPML The programme facilitates a deep immersion into the world of machine learning by training IT professionals in the latest industry practices and tools associated with machine learning The curriculum which is comprehensive and handson is powered by robust pedagogical tools that gamify learner experience With 250 recruiters and 11000 learners placed IITRoorkee provides lucrative career opportunities for its students The institute further provides learners with access to an AIpowered resume builder an online portfolio builder interactions with industry experts and LinkedIn profile reviews to prepare them for potential job opportunities
One of the major reasons that IIT Roorkee’s CPML resonates with IT professionals
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