In the life of modernisation, we human beings have achieved more than we could ever imagine. Starting from the field of technology to the field of healthcare everything seems to have taken a revolutionary change. In this era of change ‘AI’ or ‘Artificial Intelligence’ has been a new invention of Human Learning. Though it has been theorised long back, the way this industry has taken a leap in recent times is phenomenal.
What is Human Learning and AI?
We human beings are the most complex form of organisms in the environment. The most complex part is that of the human brain. The human brain processes and acquires a set of information that we convert into learning. This process of acquiring knowledge is called Human Learning. We acquire this knowledge naturally and function and process these processes through our human mind. To this time in your life, you probably might have defined a machine as a set of information given in an input to extract a particular output. AI is the next-generation machine created by humans through human learning. In this set, the machine can act, respond and take the decision on its own rather than depending on the exact set of output that the programmer sets it’s at the input.
The changing environment
AI is nothing but a creation or extension of Human Learning. Think of the time where you had to set up an alarm for yourself rather than asking your voice assistant, times when you had to keep a reminder notes rather asking your voice assistant to remind you. Slowly, our life is getting filled with tech and we all are relying on AI, and these examples are just a baseline to start with. From Self driving cars to voice assistant we are being plunged into the deep era of AI.
The New Industry
As time went by the study of AI has opened up a new field of industry for a lot of people. Estimating today the AI industry of India was estimated to be 6.4 Billion at market price. New startups are being funded by a lot of investors as they see the potential of high returns in the future.
- In 2035, AI has the potential to add US$957 billion, or 15 percent of the present gross value of India. Critical mass has been reached by the combination of technology, data and talent that makes intelligent systems possible, driving extraordinary growth in AI investment.
- Financing for AI start-ups has grown at an annualized pace of about 60%.
- As time passes by the number of patents has shown a consistent increment to up to 26% annual growth since 2010 in G20 countries. As a result, AI has been introduced for public growth.
- The AI stakes are high in India making the country the most competitive market in South Asia following through the trails of other G20 countries.
- This shows that the Indian market is slowly adopting the changes and are making constant investments in the field of AI in tech infrastructure and improving the tech skills of citizens.
Slowly the AI sector has been growing into human life backing up the need for Human Learning. Nowadays AI is being used at all the developed as well as the developing countries in all sectors of business development. The crucial advantage being machines do not have to take rest as they can process the information and deliver services in a continuous format whereas humans need to rest and efficiency is not accurate as the machine learning proves to be. Also, machines do not require monthly wages or salaries to perform their services. Only one-time investment is required to carry out the process in the long term leading it to be as a variable cost in the business development process rather than a fixed cost. The recent examples being: