What makes AI so Popular?
Companies that seek to automate and optimise processes or produce actionable information need AI systems to extract value from data. Tasks beyond a single person but well within the bounds of AI systems powered by machine learning deliver clear communication, predicting critical care events, and identifying potentially fraudulent transactions.
What Can You Do with an AI Degree?
Graduates of artificial intelligence have developed AI-based systems that impact various sectors, from agriculture to gaming.Agriculture
This sector uses AI-based drones and tractors, weather monitoring systems and robots to harvest crops, detect soil defects and nutrient deficiencies, and identify where weeds grow.
Automotive
AI-based vehicles have self-driving facilities and are equipped with emergency braking, blind-spot monitoring, driver-assist steering and predictive vehicle maintenance.
Construction
AI can predict and prevent cost overruns based on project size, contract type, and project manager competence. 3D building information modelling assists in the efficient planning, design, construction, and management of buildings. Self-driving construction machinery performs repetitive tasks such as pouring concrete, bricklaying and demolition.
Education
AI has the power to automate administrative tasks associated with education. AI-based design and digital platforms provide learning, testing, feedback to students and real-time translation of what a teacher is saying.
Gaming
The gaming industry has created intelligent human-like non-player characters (NPCs) interacting with players to predict human behaviour and lead to better game design and testing.
Healthcare
In addition to detecting diseases and monitoring patients, AI can analyse chronic conditions and relevant medical data that may help with the discovery and invention of new drugs. AI also helps carry goods and clean medical facilities and equipment.
Human Resources
Intelligent software can examine applications and resumes based on specific parameters, check references and scores and automate labour-intensive assembly lines in manufacturing industries.
Marketing / Retail / E-Commerce
Personalised shopping recommendation engines can analyse the customer’s browsing history and interests and connect them with appropriate marketing campaigns, conversational marketing bots and potential purchases.
Human sounding AI-powered virtual shopping assistants and chatbots also enhance the customer’s online shopping experience. Its success in reducing credit card fraud by analysing usage patterns and fake customer reviews further endears AI worldwide.
AI Jargon Simplified
Machine learning is an AI application that allows systems to learn and improve from experience without being explicitly programmed automatically. It develops computer programs that can access data and use it to learn by themselves.
Application program interfaces (APIs) are a set of functions and procedures that enable applications that access data and features of other applications, services, or operating systems.
Data ingestion is the movement of data from various sources to a storage medium where it may be accessed, used, and analysed by an organisation. The destination is typically a data warehouse, data mart, database, or document house.
Data Acquisition or DAQ is the process of digitising data from the world around us to be displayed, analysed and stored in a computer. E.g. measuring the temperature in a room as a digital value using a sensor such as a thermocouple. Modern DAQ systems can include data analysis & reporting software, network connectivity, and remote control & monitoring options.
Data extrapolation takes facts and observations about a present or known situation and uses them to predict what might eventually happen. Techniques include statistical modelling and validation strategies.
Statistical modelling is the process of applying statistical analysis to a dataset. A statistical model is a mathematical representation or mathematical model of observed data to approximate reality and make predictions from this approximation.
Validation Strategy includes cross-referencing the functionality of software with the requirement specification to assess that it adheres to the prescribed demands of the client.
The latter carries out cross-referencing the functionality of software with the requirement specification to assess that it adheres to the prescribed demands of the client.
Data augmentation refers to techniques used to increase data by adding slightly modified copies of existing data or creating new synthetic data from existing data.
Potential Pros & Cons of Freelancing vs Full-Time Employment
Freelancing AI Engineers have more flexible work schedules and locations. They have full ownership of the business and can select their projects and clients. However, they experience inconsistent work and cash flow, which means more responsibility, effort and risk.
On the other hand, a full-time AI Engineer has company-sponsored health benefits, insurance, and retirement plans. They have job security with a fixed, reliable source of income and guidance from their bosses. Yet, they may experience boredom due to a lack of flexibility, ownership, and variety.
When deciding between freelancing or being a full-time employee, consider the pros and cons to see what works best for you.