Introduction
Artificial intelligence is one of the most talked-about topics in today’s world. AI has been impacting our lives faster and is expected to increase in the coming years, reaching a market value of $190.61 billion by 2025.
Many companies are realising that MS in Artificial Intelligence can be used to improve business processes. This is why more and more enterprises are adopting artificial intelligence to streamline their internal operations, increase productivity, and cut down on costs.
Insights into the nuances of modern business world where AI is Revolutionising
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Pharmaceuticals & Life Sciences
In recent years, it has been seen that pharmaceutical companies have been using artificial intelligence more and more to detect patterns in large data sets, which will enable them to make new drugs faster and affordable. Market Research predicts that the global AI in the pharma market will be worth $5.94 billion in 2025.
In the meantime, pharma is tapping into this breakthrough with deep learning to slow the aging process. Scientists are now employing the technology to identify biomarkers linked to aging.
Soon, a simple blood test will be able to tell you which parts of your body are showing signs of wear and tear, and your doctor will be able to help you mitigate and possibly reverse those effects through lifestyle changes and medication.
So, The most significant advantage of Master of Sciences in Artificial Intelligence is its applications in research and development. It helps reduce the time required for R&D activities by assisting scientists in analysing large amounts of data related to their research, identifying patterns in it, and making decisions.
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Information Technology
Information Technology is in flux, and AI is the primary driving force. It is taking over IT jobs, automating numerous administrative processes, revolutionising data analysis, and helping businesses make smarter decisions.
A report in Business Wire states, “80% of executives see AI as an opportunity to increase productivity and create new jobs.” In addition, 79% of CEOs believe that artificial intelligence makes their work more accessible and more efficient as AI technology makes inroads in many areas of Information Technology, ranging from software development to cybersecurity.
Artificial intelligence is crucial when it comes to protecting confidential data. Public and private organisations store large amounts of customers, strategies, and other data that must always be kept safe. Artificial intelligence can provide the necessary security through algorithms and help create a multi-layer security system that enables a high level of protection in these systems. It uses advanced algorithms to detect potential threats and data breaches and provide assessments and solutions to prevent these vulnerabilities.
Seeking an MS in Artificial Intelligence from IU International University Of Applied Sciences & London South Bank University helps graduates increase business efficiency and build an effective asset to their organisations.
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Finance
According to Mordor Intelligence, the market value of artificial intelligence at FinTech was $7.91 billion in 2020 and is expected to reach $26.67 billion by 2026, with an average annual growth rate (CAGR) of 23.17%.
Managing finances in this connected and material world can be challenging for many of us. Looking into the future, professionals will find that artificial intelligence will help them manage their finances.
PFM (Personal Financial Management) is a recent development in AI-based wallets. It uses artificial intelligence to create algorithms that help consumers make informed decisions about spending money.
The concept of a wallet is very simple: it simply collects all the data from your web footprint and creates a graph of your expenses. Online privacy breach advocates may find this offensive, but it could be the future.
Moreover, from a small to a significant investment, AI promises to be the financial guardian of the future. There is no doubt that Artificial Intelligence (AI) is the future of the financial industry.
As the number of measures to make financial transactions easier for customers increases, they will soon replace individuals and offer faster, more efficient solutions. And, this helps companies save money on hiring people and avoid human error in the process.
MS in AI graduates can create machine learning models to credit risk and worthiness using behavioural attributes such as phone information, bill/payment records, and social media information.
Conclusion
AI is the technology of this decade. Companies are recruiting MS in AI to improve their customer experience, automate tasks, and enhance their products. The Online Masters in Artificial Intelligence has made it possible to develop applications intelligently.
