Opportunities for Startups by Developing AI, Blockchain, Robotics, and Machine Learning Skills
We live in an age where everything around us is technology-centric. In this scenario, new-age technologies such as AI, blockchain, robotics and machine learning are becoming increasingly prominent in everyday life. Therefore, it is no wonder that career opportunities in this field are growing, and various startups are popping up to help individuals in one way or another. Also, if you are interested and looking for a way to build your career in the most influential technologies used by industries worldwide. Then build skills by choosing these intelligent technologies as your career choice is the best solution individuals can make in this ever competitive advantage. As the scope of these modern day technologies in India is immense. Although the technologies are still in their infancy, they are being used in various industry sectors such as education, automotive and startup industries, among others. All you need to know is where to start.
If individuals decide on startups, then gone are the days when they need an MBA degree and save money to market their ideas. Today, now when we are already equipped with the internet and a multitude of organizations, NGOs, and even IITs, and IIMs have where they can get peer guidance along with the funds. The trigger for setting up the idea lies in the development of skills in recent technologies such as AI, blockchain, robotics and machine learning. And the icing on the cake is that the development of these skills has the least correlation with previous grades. Aspirants can always start from scratch and do really well as we have a plethora of resources, tools and aids on the internet.
Scope of startup with technologies
Artificial intelligence: AI can be understood as another person who is not really a person, but a machine that can help the individual to perform tasks. Aspirants with a computer science background can kick off their experiments by learning python and solving various real world problems. Furthermore, individuals can also use cloud-based tools like AWS (Amazon Web Services) to their rescue, which have drag-and-drop platforms for modeling AI problems. A start in related areas of AI can help make daily life easier.
Blockchain: Another revolutionary technology that has changed the way the digital world handles data and does business. Furthermore, if an individual has heard of bitcoins and cryptocurrency, they must know that the core concept behind all these decentralized finances is built using blockchains. The core idea is to remove the third person from any transaction and encourage peer-to-peer transactions. Having blockchains and skills also has the most important advantage that startups or businesses can get: the level of versatility and security that makes them notice and start using against various types of cyber attacks.
Robotics: This is another milestone in today’s modern world that is filled with technology. Robotics is an outcome of the synergy of mechanics and AI, where real robots are developed to perform some task. It has extensive applications in the military, astrology and other areas where human movement is unsafe. A start in robotics technology is extremely useful in physical technologies such as in airplanes, ships, fighter jets and many more. Thus, proficiency in robotics-related technology and exposure to tools and learning resources can be very helpful in improving robotics expertise.
Machine Learning: It is the process by which a machine can become intelligent and act like a human for the assigned tasks. The area completely overlaps with AI and has ample room for startup. In fact, the use of machine learning is what makes organizations work in a constructive way. For example, the recommendation of all the products we find on the online platform is the result of machine learning. In fact, the fine camera of the phone is all the harvest of machine learning. The skills of machine learning and AI are all the same.
In a nutshell, if the startup idea can get a high market value with a tinge of recent technologies like AI, robotics and machine learning. The inclusion of these technologies is not only beneficial for increasing the tag price of the startup but also makes it extremely useful for the upcoming future.
The author is Assistant Professor, Department of CSE, KL Geag University, Hyderabad Campus
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