Upcoming Business Analytics trends for 2018

Upcoming Business Analytics trends

Business Analytics has become imperative in the last decade or so with the rise in technology, internet and computer science. Business Analytics (BA) is the practice of continuous investigation and exploration of an organization’s past data and past business performance to attain insights and steer the business planning of an organization accordingly. Business Analytics combines information technology, data and statistical analysis into one. Although Business Analytics has been in existence for a long time, it has recently evolved and improved with the rise of technology. Business Analytics not only helps recognize business opportunities through analyzing data but also helps in targeting customers better.

Each year we see how technology transforms and evolves and how Business Analytics trends changes alongside. 2018 is the year for clean, secure and high tech data that is combined with simple yet powerful presentation. Business Intelligence is bound to be highly customized this year. Artificial Intelligence, along with Multi-Cloud Strategies will boom. Here are some of the top Business Analytics trends to look out for in 2018.

Artificial Intelligence

Artificial Intelligence is a simple concept of machines being able to carry out tasks in a smart and in a way similar to humans. AI mimics cognitive functions such as learning and problem solving, that humans relate with other human minds. AI is a supporting tool for humans that will help us to work efficiently and productively. As AI is proficient at processing and analyzing data far more quickly than a human brain can, AI can be used to help understand possible consequences of each action and make the decision-making process fast and effortless. Machine Learning and Deep Learning, that are divisions of AI, have been implemented by a number of apps and corporations.

Natural Language Processing

Natural Language Processing (NLP) is one of the most important technologies of the information era. NPL is an area of Artificial Intelligence and computer science that concerns with the collaboration between computers and human languages or natural languages. NPL is particularly in terms of how to program computers to process and analyze large amounts of natural language data. The most prominent NLP application is machine translation which helps to overcome language barriers. NLP methods allow the non-programmers to communicate with the computing systems and gain vital information from it. Some of the common applications of NLP are text classification, spam filtering, voice recognition and speech to text among many others.

Data Governance

Data governance is the ability that enables an organization to be sure if high data quality is maintained throughout the whole lifecycle of the data. The main focus of data governance is usability, availability, data integrity, consistency and data security. It includes building processes, ensuring constructive data management throughout the enterprise. Data Governance also is accountable for the bad effects of poor data quality and also ensures if the data which an enterprise has can be used by the entire organization.

The Multi-Cloud Strategy

Multi-cloud is the use of multiple cloud computing and storage services in a single diverse structure. The Multi-Cloud Strategy is the use of numerous cloud computing services. The Multi-Cloud is a way to prevent data loss caused by a localized component failure in the cloud. Some organizations also use Multi-Cloud Strategies for data independence reasons. With the help of Multi-Cloud Strategy there is now the ability to avoid vendor lock-in, and the scope to find the optimal cloud service for a particular business or technical need.

Business Intelligence

Business Intelligence is a technology that gives past, present and future views of business operations. Business Analytics incorporates the strategies that are used by enterprises for data analysis of business information. Business Intelligence is used by organizations to support a huge range of business decisions, from operational to strategy. The potential use for Business Analytics extends beyond the usual business performance of better sales and decreased costs.

Business Analytics is predicted to grow its influence in the coming years in the field of technology. Since the technology is improvising each day and organizations are opting to hire employees who specialize in the area of Business Analytics among others, there is a dire need to fill the slots with people who can use their talents and knowledge in this subject. People are now looking for courses and programs that can train them in these skills. One such business school that provides excellent courses on Business Analytics is WeSchool, Bangalore. WeSchool (Welingkar Education) is one of the best business schools in India that cater a 10-weeks course in Business Analytics and much more, to graduates in any discipline. WeSchool provides the best data analytics courses in Bangalore. The program trains students how to use analytical tools & techniques in various business scenarios. To know more about the course details, please log on to the WeSchool website.

HR Analytics – An Overview

HR Analytics - An Overview

HR Analytics (Human Resource Analytics) is the field of analytics that applies analytic processes to the HR department of an organization which helps to improve employee performance, thereby getting an improved return on investment. HR Analytics not just gathers data on employee capability, but also provides insights into each and every process by gathering facts and data, then using it to make applicable decisions about improving these processes. Human Resource Management has changed in the past years. Since then, it has moved from an operational discipline to a strategic one. Human Resource departments have always been collecting huge amounts of HR data. However, the data can sometimes remain unused. By using HR analytics, HR professionals don’t need to rely on intuition anymore. With the help of HR Analytics, HR professionals make data-driven decisions. HR Analytics also helps to test the effectiveness of HR policies and helps to delve deeper into issues that surrounds these requirements. With the use of analytic processes, the managers are guided to gain insights from information that has been collected, make decisions and take appropriate actions.

There are basically four types of HR Analytics which are Descriptive, Diagnostic, Predictive and Prescriptive. These HR Analytics answer questions such as what happened, why it happened, chances of it happening in the future again and what can be done to prevent it. Each of these data points is critical to assemble, apprehend and proceed accordingly in order to effectively manage your workforce. Since data will continue being critically important in driving workforce decisions, it is crucial to ensure that the data is accurate and properly managed. It is also vital to know the basic types of data analysis which can be applicable to workforce information that adds value to your organization.

The duties of HR professionals vary according to their job titles. The chain of HR professionals starts from an HR Assistant or an Intern, HR Specialist or Generalist or Administrator, HR Manager, HR Director, VP of HR and Chief HR Officer. The HR Assistant takes direction from all the senior HR staff. The HR Specialist takes tasks within a range of focus areas and of varying complexities. The HR Manager manages the HR department and the staff, accomplishing high level of HR activities that is reserved for senior level staff. The role of an HR Director is very similar to an HR Manager. However, in smaller companies the HR director can report directly to the CEO. It is the VP of HR who makes high level decisions that are strategically focused, giving significant impact to the organization. Finally, there’s Chief HR Officer, who is in the highest position of the entire HR department and the staff, competent to make decisions and develop new HR plans that directly affect the entire company.

HR Analytics is rapidly changing the way HR policies work. HR Analytics helps an HR professional to make better decisions using data, test the effectiveness of business cases created for HR interventions, become tactical and be a strategic partner. These days, HR departments are generating more data than ever before, but at the same time struggling to turn their data into insights. The profession is in a growing need of people who have the enthusiasm and knowledge in this field. Since there is huge demand of HR Analytics experts that can help the organizations with their knowledge, people are now opting for courses and programs that help them be the best in these skills.

If you’re looking for a renowned business school that provides top-notch courses on HR Analytics, one such business school is WeSchool, Bangalore. Popularly known as WeSchool, Welingkar Institute of Management Development & Research is one of the best business schools in India that caters to 2 day workshop in HR Analytics, which trains corporate mid, senior and top level corporate HR professionals on how to analyze and draw insights from HR related data. Non-HR professionals can also benefit from the program as it would help them to understand and appreciate the impact of HR decisions in terms of overall business. WeSchool, Bangalore delivers the best PGDM, corporate leadership programs and Data Analytics courses in India. To know more about the HR Analytics course details, please log on to the WeSchool website https://welingkarexedp.com/mdp-on-hr-analytics/

How HR Analytics can add value to your organization

How HR Analytics can add value to your organization

Human Resource Analytics or HR Analytics focuses on ‘whys’ and what will happen next in an organization, after analyzing the data that has been collected. The HR Analysts collect data and study the information that is related to jobs, employee issues, costs and recommending further action or providing suggestions that can affect a business or organization. In a small company, the term ‘HR Analytics’ isn’t a familiar one yet. But as a company grows and expands, the HR professionals needs to have a basic understanding of how to assign the responsibilities of the HR department within the company. This is where the role of an HR Analysts comes in. HR Analysts is responsible for hiring, building a team, evaluating the employee’s work performance and finding suitable replacements for employees that are not fit for the job. They are also responsible for implementing new and better policies for employees regularly based on numerous parameters. Many HR Analysts use a computer software package called Human Resource Information System (HRIS) which helps them to manage their data more efficiently and accurately.

With the help of HR Analytics, HR professionals can make improved hiring decisions. HR professionals can now use the historical data of the organization to make better choices in terms of hiring new employees. HR Analytics helps to make predictive analysis better and prevents them from making mistakes, as it can assist the HR professionals recruit better candidates. It helps them to learn more about the candidates and their background through the available online data and social media channels. An HR professional analyzes what personality tests and skill tests and assessements are needed in order to select better candidates, according to the existing compiled data that the organization possesses.

Training programs are essential for the development of the employees, thereby making a positive impact on the organization. However, some poor decisions and sub-standard processes of training can lead to unsuccessful outcomes and can increase the budget, thereby costing the company gravely. HR Analytics helps an HR professional to improve the employee training programs after determining suitable training programs that can develop employee skills. They may conduct surveys that help them gain information about the reasons why an employee leaves a company. They then analyze the information and use it to increase employee retention and boost the company morale.

HR Analysts are an asset to the HR team who can make better use of the data and analytics, thereby increasing the employee’s performance and taking the company to new heights. HR Analytics has become crucial over the last few years, which is why more companies are looking for skilled HR professionals who can take up responsibilities within an organization, make better and efficient decisions for the betterment of the company, report data to predict actions and suggest solutions for the problems. There is a high demand of HR Analysts in the industry who can utilize the skills of a data scientist without losing the human touch.

Popularly known as WeSchool, Prin. L.N. Welingkar Institute of Management & Research is a renowned business school in Bangalore that provides top-notch courses on HR Analytics. WeSchool, Bangalore, is one of the best business schools in India that caters to a 3 days Management Development Program on HR Analytics that trains mid, senior and top level corporate HR professionals on how to analyze and draw insights from HR related data. Even the non-HR professionals can benefit from the program as it would help them to understand and appreciate the impact of HR decisions in terms of overall business. WeSchool, Bangalore delivers the best PGDM and Corporate Leadership Training Programs in Bangalore. To know more about the HR Analytics course details, please log on to the WeSchool website https://welingkarexedp.com/mdp-on-hr-analytics

Top 4 reasons why HR Analytics is a good career choice

Top 4 reasons why HR Analytics is a good career choice

HR Analytics is rapidly changing the way HR policies work in any organization. If you’re wondering why that’s important, analytics helps an HR professional to make better decisions using data, test the effectiveness of business cases created for HR interventions, become tactical and be a strategic partner. HR Analytics has become crucial over the last few years, which is why more companies are looking for skilled HR professionals who can take up responsibilities within an organization, make better and efficient decisions for the betterment of the company, report data to predict actions and suggest logical solutions to problems. There is a high demand of HR Analysts in the industry who can utilize the skills of a data scientist without losing the human touch. The profession is in a growing need of people who have the enthusiasm and knowledge in this field.  Since there is a huge demand of HR Analytics experts that can help the organizations with their knowledge, people are now opting for courses and programs that help them to be the best in this domain.Here are top 4 reasons why you should think about switching your career to an HR Analyst:

  1. You get to make improved hiring decisions

If you are thinking about taking up Human Resource as a career or if you’re already in the field as an HR professional, having knowledge about HR Analysis can take you to new heights. HR Analysts analyze the existing compiled data that the organization possesses, which makes them aware of the skills required from an employee for the specific role. With the help of analytics, HR Analysts learn more about the candidates and their background, thereby assisting them to select better candidates.

  1. You get to help employees to increase their performance

HR Analytics helps to improve the employee training programs with the use of data collected from the organization, thereby determining suitable training programs that can develop employee skills. Surveys can be conducted that help HR Analysts to gain information about the reasons why an employee leaves a company. After analyzing the information, HR Analysts use it to increase employee retention and boost the employee’s morale.

  1. You get to help the organization to grow

Training programs are essential for the development of the employees, which results in making a positive impact on the organization. However, some poor decisions and sub-standard processes of training can lead to unsuccessful outcomes and can increase the budget, thereby costing the company gravely. HR Analysts are an asset to the HR team who can make better use of the data and analytics, thereby increasing the employee’s performance and taking the company to new heights.

  1. You get an influential & secure position

The position of HR Analysts in an organization is not only a sound position but is also very influential. They have in-depth knowledge about the challenges faced by the companies and have a deep understanding about the requirements of the organization. HR Analysts make high level decisions that are strategically focused with the use of data and analytics, giving significant impact to the organization.

HR Analytics makes the best of data science without losing focus on the human values. As the industry is booming right now, it is the best time to consider HR Analytics as a career. If you’re looking for a renowned business school that provides top-notch courses on HR Analytics and other Leadership & Management Development Programs, one such business school is WeSchool, Bangalore. Popularly known as WeSchool, Prin. L.N. Welingkar Institute of Management Development & Research is one of the best business schools in Bangalore, India that caters to a 2 day Management Development Program on HR Analytics, which trains mid, senior and top level corporate HR professionals on how to analyze and draw insights from HR related data. Non-HR professionals can also benefit from the program as it would help them to understand and appreciate the impact of HR decisions in terms of overall business. WeSchool, Bangalore delivers the best PGDM, corporate leadership programs and Data Analytics courses in India.  They also provide Design Thinking & Innovation Program, Corporate Training Programs and part time MBA for working professionals in Bangalore.  To know more about the HR Analytics course details, please log on to the WeSchool website https://welingkarexedp.com/mdp-on-hr-analytics/

How will Artificial Intelligence change the way you lead

How will Artificial Intelligence change the way you lead

In recent times, the buzzword in terms of technology is Artificial Intelligence (AI). It simply means that a machine or software can exhibit intelligence that almost simulates the cognitive functions of the human mind, in terms of problem solving and learning. Artificial Intelligence is already being implemented in different sectors of our day to day life and has impacted the current technology as well. The best examples of AI in our daily life that most people are familiar with, are personal assistants on your smart phones like Google Now, Google Assistant, Siri and Cortana. Apart from these, AI has had a huge influence on things like spam filters on emails, smart categorization of emails, detection of network intruders and preventing the data breach, apps like Uber and Ola, commercial flights that use AI autopilot, among many others.

Artificial Intelligence will also change the way we lead in ways that were unimaginable a few years ago. The image of an artificial life taking over your job can be threatening for some people. However, like everything else, it is a part of evolution in the world of technology. As new technologies and Artificial Intelligence ar implemented in the workplace framework, there are better opportunities to make the workplace more efficient. Productivity levels will automatically increase as time and energy will not be consumed over daily, mundane, sub-standard tasks. Leaders will have to decide which tasks are meant for the AI in the organization, thereby making the employees with more time available for complex jobs that require more productivity, strategy, design and implementation.

Artificial Intelligence, however, is not a replacement for human knowledge and originality of thoughts and ideas. AI is rather a supporting tool for the humans that will help us to work efficiently and productively. Since AI is proficient at processing and analyzing data far more quickly than a human brain can, we can use AI to help understand possible consequences of each action and make the decision-making process smooth. Leaders and executives from any industries need to keep on adjusting and upgrading their skills with the advancement of technology and will need to be open about the notion of incorporating Artificial Intelligence as a part of their corporate lifestyle.

The advancement of technology and the realization of the significance of AI has made organizations implement it in their hiring process as well. Organizations all over the world are now hiring their employees who specialize in Artificial Intelligence, Machine Learning, Deep Learning, among many other such subjects. Tech companies are investing in AI financially in terms of educating and training their employees to become specialists in these subjects. As there is a dire requirement to fill the gap with people who are experts in Artificial Intelligence, Machine Learning and Deep Learning, people are now choosing courses and programs that can train them for learning this technology.

If you’re looking for a renowned business school that provides top-notch courses on Artificial Intelligence and other Leadership & Management Development Programs, one such business school is WeSchool, Bangalore. Popularly known as WeSchool, Bangalore – Prin. L.N. Welingkar Institute of Management Development & Research is one of the best business schools in Bangalore, India that caters to 3-day course in Artificial Intelligence to working professionals, leaders, corporates, entrepreneurs and business owners. WeSchool, Bangalore delivers the best PGDM, corporate leadership programs and Data Analytics courses in India.  They also provide Design Thinking & Innovation Program, Corporate Training Programs, full time and part time MBA for working professionals in Bangalore.  With WeSchool, Bangalore, the best b-school in Bangalore, India, you’ll get an opportunity to learn about Artificial Intelligence, Machine Learning, Deep learning and much more.

To know more about the course details and our Bangalore campus at Electronic City, please log on to the WeSchool website https://welingkarexedp.com/

Top 10 applications of Artificial Intelligence

Top 10 applications of Artificial Intelligence

Artificial Intelligence or AI is being utilized in our daily life and has made a huge influence in the field of technology. Artificial Intelligence is intelligence demonstrated by machines or computer systems in a way that humans do, in terms of thinking, reasoning, learning and self-correction. AI systems are designed to intelligently trade stocks or operate an autonomous vehicle, in today’s times. The most prominent types of Artificial Intelligence that have been influencing the rise in technology are Machine Learning (ML) and Deep Learning (DL). There are numerous sectors where Artificial Intelligence is applied.

Let’s take a look at the top ten applications of AI.

  1. Retail Industry: E-commerce sites are adopting Deep Learning (DL) to help shoppers to easily find what they want to purchase. Online shopping today is a popular and easy mode of shopping for anyone who is able to access to the internet and can operate a smart phone, tablet or a computer. Online shopping websites use Artificial Intelligence (AI) to provide recommendations for the next purchase, depending on previous purchases made by the customer, through algoriothms and search patterns. With the help of AI, online shopping can be made more personal and exclusive. Amazon is planning to use this technology in its new Amazon Go grocery stores.
  2. Entertainment Industry: AI technology is applied to optimize video fluency and definition. Online media streaming or video-on-demand services have a built-in AI feature, where recommendations are given to the customer depending on the type of media that has been streamed before or the type of movies watched earlier.
  3. Automotive Industry: In recent times, Artificial Intelligence is severely being used for automotive industries across the world. The Automotive industry has developed numerous advanced features through the use of AI. Features such as self-parking, blind spot monitoring and voice recognition are aided by the use of AI. Apps like Uber, Ola and commercial flights that use autopilot are the best example of sectors where AI is being effectively implemented.
  4. Healthcare Industry: Artificial Intelligence (AI) helps to analyze data and reports from a patient’s file to help select the customized treatment. IBM Watson was developed as a question-answering computer, which has advance AI capabilities such as natural language processing, automated reasoning and others. IBM Watson’s first commercial application is its use in utilization management decisions for lung cancer treatment at Memorial Sloan-Kettering Cancer Centre.
  5. Manufacturing Industry: Big companies like GE and Siemens are majorly focused on applying Artificial Intelligence to create a comprehensive manufacturing process. The manufacturing industry may be considered as the first use case for the application of AI, using robots for assembly, packing and the likes.
  6. Online Customer Service: AI in the customer service space is currently being used to handle some of the monotonous work and is making it easier for human agents to deal with the more difficult issues. These systems are able to handle more requests without human involvement as they have ability to learn by themselves. Several websites today offer the possibility to chat with customer service representatives. Most of the times these are not human, but chat bots that are trained to respond and extract information based on the customer’s query.
  7. Home Appliances: All smart home appliances which incorporate Internet of Things (IoT) technology make use of AI. The smart home appliances learn the usage pattern of the user over a period of time and then operate themselves through simple commands. One of the examples of AI integrated home appliances is Amazon’s Alexa – the virtual assistant developed by Amazon.
  8. Smart Phones: Virtual personal assistants such as Siri, Google Now, Google Assistant and Cortana are few examples of AI implementation in smart phones. These virtual personal assistants help you dial a number, locate your favorite restaurant, etc.
  9. Banking and Finance: ICICI Bank has been experimenting with AI, through which their email bot sorts out customer and distributor emails, based on the status of transaction. Robots utilizing AI are quicker at data crunching to provide forecast using market data. Applications would include indicating change in stock trends, managing finances and recommendation of which stocks to buy or sell depending on the customer pattern of purchases or sale.
  10. Journalism: News channels and news reporting companies use AI to prepare simple reports on sports and elections which otherwise would be a time consuming exercise. Media houses like the BBC, The New York Times and The Washington Post have been integrating AI into their newsrooms.

In the twenty-first century, AI techniques have experienced a revival following current advances in computer power and AI techniques have become an essential part of the technology industry to help solve numerous challenges and problems in computer science. Artificial Intelligence is also predicted to grow its influence in the coming years in technology. Because of the ever growing rise in the advancement of technology, tech companies all over the world are now hiring people who specialize in Artificial Intelligence, Machine Learning, Deep Learning, among many other such subjects. There is a dire requirement to fill in the gap with people who are knowledgeable and experienced in these topics. People are now opting for courses and programs that train them on Artificial Intelligence skills.

One such Business school that provides excellent courses on Artificial Intelligence is WeSchool, Bangalore. WeSchool (Welingkar Institute of Management) is one of the best B-schools in Bangalore, India that carter to a 3-day course in Artificial Intelligence, Machine Learning and Deep Learning for corporates, top level management, mid to senior level management, business owners, leaders, working professionals and entrepreneurs. WeSchool, Bangalore  is a renowned business school that provides the best PGDM and leadership courses in India. To know more about the course details and our campus at Electronic City, Bangalore, please log on to the WeSchool website https://welingkarexedp.com/

We Impact Stories: Infosys – JMLP ( Junior Management leadership Program)

We Impact Stories: Infosys – JMLP ( Junior Management leadership Program)

OVERVIEW

The Junior Management Leadership Program is designed to assist Junior Managers to move up from Junior Management positions to Mid-Management positions in Infosys BPO. The course focuses on competencies in management and equips learners with skills that are required in Junior Management fields.

SUCCESS STORY OF INFOSYS

Infosys BPO, a 100% subsidiary of Infosys Ltd is one of the largest BPO’s in the country. The current revenues of the company stand at $800 million. Weschool, Bangalore started its Management Development Centre in October 2007. Prof. AKN Prasad joined Weschool as the Head of the Centre with a mandate to build and grow the center’s activities. Prof. Prasad had garnered comprehensive operational knowledge of the challenges faced by BPO’s and their entry-level executives with his experience at Optimus – a Polaris BPO company which he headed before joining WeSchool. Prof. Prasad approached the Infosys BPO with a plan to create an Executive Program to help develop their entry-level executives, the Infosys BPO accepted the proposal and provided a contract for a 16 to 18 month, 400-hour Management Program called JMLP (Junior Management Leadership Program), based on the course structure and design provided by MDC under Prof. Prasad’s guidance. The idea behind the program is to control attrition, provide holistic management education to graduates and build a mid-level leadership pipeline in the organization. The two initial batches were launched in February 2009 at their Bangalore center. The 3rd and 4th batch were launched 6 months later at their Pune center. There have been continuous launches of JMLP programs ever since. JMLP graduates have performed very well in their assigned roles and have also moved up the corporate ladder to assume greater responsibilities. JMLP, designed and delivered by MDC WeSchool is one of the biggest success stories in the corporate executive development program.

What is Artificial Intelligence (AI)

What is Artificial Intelligence (AI)

The term Artificial Intelligence (AI) has been the most talked about topic in recent times and rightly so. AI is something that everybody is utilizing in their daily life and has a huge influence in technology. Artificial Intelligence colloquially is a simple concept of machines being able to carry out tasks in a smart and human way. AI mimics cognitive functions that humans associate with other human minds, such as learning and problem solving. These days, the concept of Artificial Intelligence has been shifted from concentrating on complex calculations and has rather been working in the field of AI concentrated on mimicking human decision making. Artificial Intelligences or the devices designed to act intelligently are often classified into one of two fundamental groups – applied or general. Applied AI is far more common in which systems are designed to intelligently trade stocks and shares, or operate an autonomous vehicle.  Systems or devices which can in theory handle any task are uncommon, but this is where some of the most exciting advancements are happening today. But it also is the area that has led to the development of Machine Learning which is often referred to as a subset of AI and it’s really more accurate to think of it as futuristic.

Today, Artificial Intelligence is severely being used for automation across several industries.  Robots are already taking over jobs that do not require human intelligence and are being replaced for tasks such as mining activities, welding and movement of parts within a factory.  All these tasks were actually carried out by humans in the past. The financial industry is also seeing a huge rise in the use of Artificial Intelligence for advisory in investment sector. The use of AI can be seen in the healthcare sector too. With the help of AI, physicians can now decide better treatment and can predict the medication for future complications. Not only that but now with the help of AI, the cancerous cells can be differentiated from the normal cells. The apps that the people use every day in their phone are highly affected by Artificial Intelligence. Digital personal assistants like Siri in iOS, Google Now in Android, and Cortana in Windows Mobile are the examples of how the use of AI has been changing the face of technology. Artificial Intelligence is often the technology deployed to monitor and stop fraudulent e-mails. Other segments where AI can be seen being used frequently are video games and security surveillance.

Whether it’s your smart phone, your car, your bank, or your house, they all use artificial intelligence on a daily basis. In the twenty-first century, AI techniques have experienced a revival following current advances in computer power and AI techniques have become an essential part of the technology industry to help solve numerous challenges and problems in computer science. Artificial Intelligence is also predicted likely to grow its influence in the coming years in technology. Because of the ever growing rise in the advancement of technology, tech companies all over the world are now hiring people who expertise in Artificial Intelligence, Machine Learning, Deep Learning, among many other such subjects. There is a dire requirement to fill in the gap with people who are knowledgeable and experienced in these topics. People are now opting for courses and programs that train them on Artificial Intelligence skills.

One such business school that provides excellent courses on Artificial Intelligence is WeSchool, Bangalore. WeSchool is one of the best business schools in India that carter a 3-day course in Artificial Intelligence, Machine Learning and Deep Learning and much more, to business owners, leaders, working professionals and entrepreneurs. To know more about the course details, please log on to the WeSchool website https://welingkarexedp.com

Types of Artificial Intelligence (AI)

Types of Artificial Intelligence (AI)

The recent buzzword in terms of technology is Artificial Intelligence (AI). In a broad sense it means that a machine or software can exhibit intelligence that almost simulates the cognitive functions of human mind, in terms of problem solving and learning. Artificial Intelligence is being implemented in different sectors of our day to day life and has impacted the current technology as well. The best examples of AI in our daily life that most people are familiar with are personal assistants on your smart phones like Google Now, Google Assistant, Siri and Cortana. Apart from these, AI has had a huge influence on things like spam filters on emails, smart categorization of emails, detection of network intruders and preventing the data breach, apps like Uber and Ola, commercial flights that use AI autopilot, among many others.

Artificial Intelligence has a vast spectrum of classification but the most prominent ones that have been influencing the rise in technology are Machine Learning (ML) and Deep Learning (DL). Machine Learning is something that applies statistical techniques that help systems to automatically learn and improve the performance of a particular task without being exclusively programmed. Machine Learning is a division of Artificial Intelligence in the field of computer science and has been particularly used in audio-visual analysis, automatic translation or transcription and driverless cars. Machine Learning is the advanced development of computer programs that can access data and learn to use it for themselves.

Deep Learning is another division of Artificial Intelligence that has networks capable of learning unadministered data that is unstructured. Deep Learning is a function that imitates the human brain in data processing and decision making with the use of patterns created over the time. Deep learning is applicable across all industries for a number of different tasks. Few examples are apps that use image recognition, open source platforms with consumer recommendation apps and medical research tools that explore the probability of reusing drugs for new diseases. It is also used for voice and image recognition algorithms by Google, Netflix and Amazon to decide what you want to watch or buy next.

Although Artificial Intelligence is gaining its pace in technology and most of the tech companies by now have come to a realization that more Machine Learning and Deep Learning experts are required in the industry, however there are only a few experts having the knowledge, education, talent and experience to work on these AI technologies. The lack of skill set and manpower is hampering the digital revolution all over the world. In order to meet this talent shortage, the tech giants all across the globe can now be observed becoming more committed to making Machine Learning and Deep Learning accessible to students and developers by offering programs and courses in AI.

Artificial Intelligence can transform the way we work, interact and communicate and for this to happen there’s a need to put the right tools in the right hands. A renowned business school that provides a top notch 3-day course in Artificial Intelligence to working professionals, leaders, entrepreneurs and business owners is WeSchool, Bangalore – the best business school in India, where you’ll get an opportunity to learn about Artificial Intelligence, Machine Learning, Deep learning and much more. To know more about the course details, please log on to the WeSchool website https://welingkarexedp.com/

Importance of AI in the corporate world

Importance of AI in the corporate world

When it comes to technology and computer science, Artificial Intelligence or AI is the most talked about jargon in the recent times. AI generally is a notion that refers to machines or software that can stimulate cognitive functions similar to the human mind. AI can have intelligence which almost mimics humans in terms of learning, problem solving and carrying out tasks in a way that humans do. AI is designed to make real-time decisions unlike passive machines that are only capable of mechanical and fixed responses. AI has distinctive algorithms that give them the ability to learn and adapt as they make decisions. The most prominent types of Artificial Intelligence that has transformed and impacted technology are Machine Learning (ML) and Deep Learning (DL). Machine Learning is a division of Artificial Intelligence in the field of computer science. Deep Learning is a function that imitates the human brain in data processing and decision making with the use of patterns created over the time.

Artificial Intelligence, however, is not a replacement for human knowledge and originality. AI is rather a supporting tool for the humans that will help us to work efficiently. Since AI is proficient at processing and analyzing data far more quickly than a human brain could, we can use AI to help understand possible consequences of each action and make the decision-making process smooth-running. Especially for manufacturing industries, robotic technology has been responsible for altering simple yet time-consuming processes and being replaced for tasks such as mining activities, welding and movement of parts within a factory. As organizations become more productive, time and money can be invested in engaging with the workforce, which means that a better worker experience can be created for better customer experience.

Machine Learning and Deep Learning has been implemented by a number of apps and corporations. Whether it is Apple’s digital assistant Siri, Google’s digital assistant Google Now or Cortana in Windows Mobile, AI has been transformational to the extent that it almost seems to replicate human characteristics, intellect and behavior. However, it is only recently that companies have been able to predict and visualize the possibilities that AI and robotics can bring to the business world in the future. A known example is Facebook, which uses facial recognition software that asks people to label their photos to improve accuracy. ICICI Bank also has been experimenting with AI, through which their email bot sorts out customer and distributor emails based on the status of transaction. A company like Enlitic is a pioneer in Medical Deep Learning.  Enlitic is one of several Deep-Learning startups that use AI to scan medical images to help diagnose cancer. Another innovative company is Affectiva, an emotion measurement technology company that grew out of MIT’s Media Lab. Affectiva uses them to recognize emotions such as joy, surprise and anger in focus groups. Other sectors that use AI are self-driving cars, stock exchanges, cyber security, video games, national defense and ride-sharing companies like Ola and Uber.

The advancement of technology and the realization of the significance of AI has made organizations implement it in their hiring process as well. Organizations all over the world are now hiring their employees who specialize in Artificial Intelligence, Machine Learning, Deep Learning, among many other such subjects. Tech companies are investing in AI financially in terms of educating and training their employees to become specialists in these subjects. As there is a dire requirement to fill the gap with people who are experts in Artificial Intelligence, Machine Learning and Deep Learning, people are now choosing courses and programs that can train them for learning this technology.

Artificial Intelligence is quickly gaining its pace in technology and is affecting our lifestyle, work and business, therefore making it imperative to have knowledge in these skills. One of the renowned business schools in Bangalore is WeSchool (Welingkar Education) that provides a top notch 3-day course in Artificial Intelligence to working professionals, leaders, entrepreneurs and business owners. WeSchool, Bangalore is the best Business School in India the gives an opportunity to learn about Artificial Intelligence, Machine Learning, Deep learning and much more. To know more about the course details, please log on to the WeSchool website https://welingkarexedp.com

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