Ivy Feb 07, 2018 No Comments
The budget of 2018 welcomes AI with the government ready to allocate $480 mn towards research, training and skill development in AI, ML and IoT. Countries like Japan, the USA, UK and China have made major advancements in AI while it is still at a nascent level for the Indian economy.
The public sector identified the role of AI with the event of demonetization where AI helped to check the black money deposited in fake accounts by analyzing the patterns and trends in accounts. Now with the increased focus of the government on Artificial Intelligence, it stands on a better footing for execution.
The basic uses of Artificial Intelligence include:
–Automates repetitive steps and discovery of data.
–Adds intelligence to existing products.
–Adapts through a progressive learning algorithm.
–Analyses more and dig deeper data.
–Achieves most out of data with incredible accuracy.
Keeping these in mind the government has decided the key areas to deploy AI forces:
Healthcare and medicine distribution to predict trends or patterns in disease spread and also to predict areas, communities and people facing shortages of medicines and medical facilities.
Identification of fake bank accounts in order to crack down on black money through looking at the pattern of fake accounts occurrence using earlier data and flagging off whenever such a circumstance seems inevitable.
Cyber security whereby AI helps in keeping a check on the nature of internet traffic and predict any possibility of cyber-attacks.
Income Tax department to look at the trends in income and deposit.
The ‘Make in India’ campaign and the Smart City projects heralded by the government are just the beginning of the AI introduction in the public sector. In order for the Indian public sector to revolutionize AI infrastructure has to be ramped up along with huge investments to be directed towards research in AI that requires massive computing power. However, with the current support of the government in the form of funding, AI shall soon have a cascading effect on different sectors.
Ivy conducts Data Science and Machine Learning Certification programme in Bangalore, Kolkata, Pune and New Delhi. The students from other locations can take the classes through live online classes. Ivy Pro School has been a pioneer in Data Analytics Training since 2008 and has completed 10 years of creating Data Science Experts.