Categorical Data for Data Analytics

When conducting research, categorical data is of the utmost importance. Research involves the application of two types of data — categorical data and numerical data. Categorical data refers to a kind of qualitative data that may be classified into several categories. The data comprises categorical variables that can only be expressed in natural language. While numerals may be used to represent categorical data, there is no mathematical aspect of categorical data. 

Categorical data generally includes data on birth, hair colour, body weight, height, and other factors relevant to any specific research. A deep understanding of categorical data is crucial to conducting data analysis in research. 

If you seek to delve deeper into categorical data, then you may consider pursuing a career in data science. Enrol in a data science certification course to gain a deep insight into the nuanced aspects of categorical data for data analytics. Read on to learn more about categorical data to become a data analyst and conduct in-depth data analysis in your research.

Categorical Data: Types

Categorical data primarily includes points of observation and values that can be grouped into definite classes based on characteristics. Specifically, categorical data is of two types: nominal and ordinal.

Nominal data is a type of categorical data that cannot be ranked hierarchically. While nominal data can be both quantitative and qualitative at times, yet, it cannot be measured or arranged in a ranked order. Symbols, letters, and words are some instances of nominal data. Ordinal data is the type of categorical data that possesses a natural order. Ordinal data is generally used in surveys and questionnaires.

A deeper understanding of nominal and ordinal data can be acquired by pursuing a Data analytics certification course.

Primary Characteristics of Categorical Data

The key features of categorical data are listed below:

  • Just as the name suggests, categorical data can be classified into groups. Based on the nature of the data, categorical data can be grouped into non-binary and binary categories.
  • The classes into which categorical data is classified are created based on qualitative characteristics
  • Categorical data can constitute numerical values that do not have a mathematical aspect.
  • Categorical data can be represented in the form of bar charts and pie charts.
  • Data science recommends using median and mode functions for analysing categorical data. While the mode function is used for nominal data analysis, both median and mode functions are used for ordinal data analysis.

If you seek to better understand the characteristics of categorical data in data analytics, you may consider enrolling in data science training courses.

Ways to Analyse Categorical Data in Data Analytics

Analysing categorical data may be a bit complex, which is why you may need to enrol in a data analytics course to learn the fundamentals of data analysis. The procedures for analysing categorical data are briefly described below:

Tabulation

The tabulation procedure is for summarising a column of variable data. This procedure is for tabulating the incidence of occurrence of every distinct value in the column. Each incidence is then represented in tabular and graphical forms.

Frequency tables

This procedure is for analysing singular and tabulated categorical factors. The frequency of occurrence of the singular categorical factor is represented in the form of a pie chart or a bar chart. Data analysts also conduct statistical tests to ensure that the singular categorical factor is aligned with multinomial probabilities.

Contingency tables

This procedure is for the analysis and display of frequency data tabulated in two-way tables. Data analysts apply statistical analysis techniques to quantify the degree of relationship between the columns and rows of the contingency tables.

Correspondence analysis

This analysis involves the creation of a map of columns and rows in a 2-way contingency table. The map provides insight into the degree of association among the categories of column and row variables.

Multiple correspondence analysis

This procedure involves the creation of a map denoting the relationships among the categories of at least two variables. The map also discloses interrelationships among the data variables.

Crosstabulation

This procedure is for the summarisation of two columns of variable data. Analysts construct a two-way table to indicate the incidence of occurrence of every unique pair of attributes in the columns. In this procedure, the degree of association among the columns is quantified, and statistical tests are conducted to determine the degree of dependence between the value in one column and the value in the other column.

Item reliability analysis

This procedure refers to the analysis of categorical data in a way to estimate the consistency of a group of attributes. The output of item reliability analysis is graphically represented in a Cronbach’s alpha plot.

There are several other procedures for analysing categorical data in data analytics. To understand the statistical procedures of categorical data analysis, you may sign up for a data analytics course and consider a career in data analytics.

Examples of categorical data

The example herein may make understanding the basics of categorical data easier. Let’s say that you are throwing a party and want to serve your guests welcome drinks. So, you make a quick survey and jot down the data in a table, as given below:

DrinksFrequency
Mirinda04
Coke02
Sprite06
Fanta01

The data in the table is categorical, as evident from how the data has been grouped into distinct classes.

Conclusion

Determining between categorical and numerical data is crucial for data analysis. While categorical data possesses distinct labels or categories, numerical data comprises quantifiable variables. It is also important to be well aware of the procedures of analysing categorical data to conduct and conclude a successful research work. To be an expert in the fundamental and advanced concepts of categorical data, you may sign up for the Postgraduate Program In Data Science And Analytics, the data science course offered at Imarticus. Regularly participate in the data science training sessions and pave the way to become a data analyst today.

7 Applications of Deep Learning in 2024

In recent years, deep learning, an artificial intelligence field, has been the primary force underlying amazing technological advances. 

Deep learning is actively implemented for different applications, including medical care, finance, text analytics, environmental monitoring, cybersecurity, speech recognition, manufacturing, and many more. However, perceiving the constant changes and fluctuations in actual-life scenarios and data, developing a suitable model is challenging. Furthermore, a lack of fundamental insight turns deep learning algorithms into black-box devices, impeding standard-level growth.

With 65% of firms hoping to employ machine learning admitting that it plays a part in improving decisions and 74% considering artificial intelligence and machine learning as game changers, these advancements are not merely on the radar but are actually altering the environment of modern employment and industry. 

This article explores seven exceptional deep learning applications in 2024, unveiling their power across diverse domains. These applications show that deep learning is not simply an ideal for the future but today’s reality, with infinite possibilities to influence society.

7 Leading Applications of Deep Learning Across Various Industries in 2024

1- Healthcare

Deep learning has the potential to substantially impact medicine. It is used to construct prediction models for a number of reasons, such as disease diagnosis, serious illness diagnosis, and medical counselling. 

Deep learning is also being used to produce unique imaging processes like MRI and CT scanning reanalysis.  

2- Chatbots

Deep learning is used to construct chatbots capable of replying to human questions in natural language. Chatbots are widely used in customer support, social media promotion, and client messaging services. They respond to human inputs automatically.

Chatbots may develop the ability to recognise the purpose of a user’s speech and provide a suitable response through a deep learning algorithm. It enables chatbots to have authentic and human-like discussions with users.

3- News Aggregation and Fraud News Detection

Deep learning is used for industry in news aggregation, which leverages deep learning algorithms to autonomously identify and extract news stories from webpages. It performs keyword-based searches and has further been employed to detect fake news. 

Deep Learning enables you to tailor news to the personas of your audience. You may collect and filter news material based on social, physical, and economic characteristics and a reader’s personal preferences. Neural networks aid in the development of classifiers capable of detecting fraudulent and biased news and removing it from the feed that you receive. They also notify you about potential privacy violations.

4- Natural Language Processing

Deep Learning algorithms have transformed Natural Language Processing by automating the extraction of value from text. These algorithms have produced results on several tasks, such as queries, automated translation, and text categorisation.  

Deep Learning-based NLP addresses numerous issues associated with understanding human speech by instructing machines to deliver appropriate responses based on linguistic inputs.

5- Virtual Assistants

Virtual assistants are software applications designed to perform tasks typically carried out by humans. These digital helpers are equipped with a shared language and have the capability to perform functions like managing appointments, sending emails, and setting alarms. The integration of deep learning is pivotal as it empowers computers to glean insights from data, thus enabling virtual assistants to understand user needs and respond accordingly, making their interactions more effective. 

6- Entertainment

Deep learning is increasingly employed in the entertainment sector to develop realistic three-dimensional characters while improving the quality of the visual effects. One of the deep learning algorithms used in everyday life is entertainment. 

Deep learning was utilised to create authentic water models in Disney’s animated feature. Deep learning algorithms were also used to create the special effects used in the film. It is also used to generate captions and add audio to silent films.

7- Robotics

Deep learning algorithms have recently been utilised extensively in the robotics sector, allowing robots to obtain knowledge and fuel their capabilities automatically. It enables robots to enhance their work efficiency without the need for human involvement. It has been used to make it possible for robots to travel in unfamiliar areas autonomously, recognise and grip things, and communicate with humans. 

Wrapping Up

To summarise, the use of deep learning algorithms has a significant and transformative influence across a wide range of fields. These seven applications demonstrate the adaptability and power to tackle complicated issues and develop technology. 

As deep learning evolves and pushes beyond the limits of what is achievable, it is critical to recognise the importance of universities in determining this field’s future. Courses such as the IIM AI and ML Courses, given by top universities, are preparing the next generation of experts with the skills needed to capitalise on the opportunities offered by deep learning.

In addition, to advance in the Artificial Intelligence domain and stay at the forefront of the AI revolution, take part in the AI for Business Leaders Executive Course. Programmes like the Executive Programme In AI For Business, provided by Imarticus, give aspirants a solid foundation in artificial intelligence and machine learning, helping them prepare for the future!

Probability Theory and Probability Distribution for Data Science and Analytics

Data science is the study of data for extracting meaningful insights for business. Data science and analytics have grown in popularity for getting insights and facts from datasets with methods, approaches, tools, and algorithms. 

Businesses use this data for improving production, expanding business, and predicting customer needs. 

Probability is a mathematical concept that predicts the likelihood of an event occurring. Understanding the probability theory and probability distribution is important for performing data analysis. This blog will discuss the concepts of probability theory and distribution in detail. 

If you want to build a career in data analytics, enrolling in a credible data science course can help you gain the hands-on experience needed. 

What is probability theory?

Probability theory is a branch of mathematics that studies the properties and behaviour of random phenomena, such as outcomes, events, distributions, and variables. Probability theory offers a framework for quantifying the likelihood of various scenarios, analysing the uncertainty and variability of data, and testing assumptions and hypotheses. 

Importance of probability theory in data analysis 

Data is generally noisy, incomplete, or subject to errors and biases, making it difficult to draw reliable and accurate conclusions from it. Probability theory is necessary for data analysis as it helps in dealing with inherent variability and uncertainty of data. 

With probability theory, it is easier to account for the sources of variability and uncertainty and to express confidence and certainty in the results. This theory also allows us to compare the different methods, models, and strategies for data analysis and for evaluating their validity and performance. 

Terms used in probability theory 

In order to understand the application of probability theory, there are some terms that you must be familiar with. These are as follows: 

Random experiment 

A random experiment can be defined as a trial that is repeated several times to get a well-defined set of possible outcomes. For example, tossing a coin. 

Sample space 

It can be defined as the set of all possible outcomes that result from conducting a random experiment. For instance, the sample space of tossing a coin is (tails, head). 

Event 

It can be defined as a set of outcomes of any particular experiment which forms a subset of the sample space. The different types of events are as follows: 

  • Independent events: The events which are not affected by any other events are called independent events. 
  • Dependent events: The events which are affected by other events are called independent events. 
  • Mutually exclusive events: The events which cannot take place at the same time are called mutually exclusive events. 
  • Equally likely events: Two or more events that have the same chance of taking place are called equally likely events. 
  • Exhaustive events: The event which is equal to the sample space of an experiment is called an exhaustive event. 

Random variable 

A random variable, in probability theory, is a variable that considers the value of all possible results of an experiment. There are two kinds of random variables: 

  • Discrete random variable: These variables can be counted to an exact value like 0,1,2,…and so on. 
  • Continuous random variable: These variables can have an infinite number of values called the continuous random variable. 

If you want to learn about probability theory in detail, enrolling in a credible data science course can be very helpful. 

What are probability distributions? 

It is a statistical function that defines all the possible values and probabilities of a random variable within a given range. This range is going to be bound by the minimum and maximum possible values. However, the possible values which are to be plotted on the probability distribution are going to be decided by several factors. Some of these factors are skewness, standard deviation, kurtosis, and average.

Types of probability distributions 

There are two kinds of probability distributions: 

  1. Discrete probability distributions 
  2. Continuous probability distributions 

Discrete probability distribution 

This is a distribution where the observations can take only a finite number of values. For instance, the rolling of a dice can have only one number ranging from 1 to 6. There are several types of discrete distributions such as: 

Bernoulli distribution 

In this type of distribution, only one experiment is conducted which results in a single observation. Hence, this type of distribution describes events that can have exactly two outcomes. For example, flipping a coin can have only one of the two outcomes – heads or tails. 

Binomial distribution 

In this type of distribution, there can be a finite number of possibilities. It is like an extended version of Bernoulli’s distribution. Repeating the Bernoulli trials, n number of times, we will get a binomial distribution. 

Poisson distribution 

This is a type of distribution used in statistics to show how many times an event is likely to occur over a given period. Poisson distributions are generally used for comprehending independent events at a constant rate during defined time intervals. 

If you want to know more about these distributions, join a data analytics course that will help you understand the real-world implications of these distributions. 

Continuous probability distributions 

This type of distribution can define the probabilities of the possible values of a continuous random variable. Continuous distributions have smooth curves, unlike discrete distributions, which have an infinite number of samples.

Normal distribution 

Also known as the Gaussian distribution, this is the most common and naturally occurring distribution. This distribution is seen in almost every field – statistics, finance, chemistry, etc. This probability distribution is symmetrical around its mean (average) value. It also signifies that the data close to the mean occurs more frequently than the data that is far from it. 

Exponential distribution 

An exponential distribution, in a Poisson process, is a continuous probability distribution that describes the time period between the events occurring. 

Continuous uniform distribution 

In this type of distribution, all the outcomes are equally possible. Every variable has the chance of occurring as a result. In this symmetric distribution, the variables are spaced evenly, having a 1/(b-a) probability. 

Log-normal distribution 

This is a continuous distribution of random variables, whereas the natural logarithms of these random variables are a normal distribution. A log-normal distribution is always going to yield a positive value as opposed to a normal distribution. 

Conclusion 

Probability is an estimation of how likely an event or outcome can occur. Probability theory serves as the backbone of a number of data science concepts. Probability theory deals with the uncertainty associated with data. 

The probability distribution is the set of all the possible outcomes of any random event or experiment. It has many real-life applications in areas such as engineering, business, medicine, and many more industries. It is used mainly to make future predictions based on a sample for a random event. 

If you are interested in building a career in data science, check out the Postgraduate Program In Data Science And Analytics course by Imarticus. This data science course is taught by leading experienced professionals and it will help you learn real-life applications of data science. You will also gain knowledge about the practical implications of data science and analytics in the real world.  

Mining, Cleaning and Preparing Data for Organisational Tasks

In today’s data-driven world, piloting a flourishing company requires gathering proper data that can be read, analysed and reported to gain in-depth insights into market conditions and consumer behaviour. Data has been used for years by many of the biggest MNCs in the world such as Google, Amazon, Netflix etc which has clearly shown their success in the business world. However, developments in the discipline of data mining and data cleaning have shown the importance of data for performing various organisational tasks.

Preparing the right data that can be analysed and based on which essential business is taken is a critical job. An effective data science course can help professionals learn and evaluate which data is important and how to proceed with raw data so that valuable and readable conclusions can be derived. 

Read on to learn about the importance and process of cleaning, mining and preparation of data that is utilised for performing crucial organisational tasks and activities.

What is Data Cleaning?

Data cleaning is the practice of restoring, rectifying and eliminating inaccurate, tainted, improperly formatted, replicated, or incomplete data from a particular dataset. At the time of integrating various datasets, data often gets mislabelled or replicated which stays in the form of duplicate data. However, even if the data appears to be correct in terms of algorithm, it becomes unreliable if the data is incomplete or inaccurate.

The process of data cleaning does not come with a manual as various types of data require to be cleaned in different ways. Hence, one concrete method can not be prescribed for every type of data. However, to be able to know that one is conducting the process of data cleaning in the right manner or not creating a template every time while carrying out the procedure is a formula that really helps. 

How Data Mining, Cleaning and Preparing Help in Performing Organisational Tasks?

For performing various organisational tasks, different departments require different types of data. However, companies do not get the data in ready-to-use format. It is the data analytics and data science professionals who convert the raw data, perform data mining, and data cleaning and prepare the data in such a manner that can be used for performing market research and other tasks. 

Professionals can take up an insightful data analytics course to understand how to track valuable data and prepare it for further organisational tasks. Here is how data mining and cleaning helps to perform various organisational tasks: 

Boosts revenue

The first and foremost benefit of preparing data properly is that it reduces the redundancy of efforts within an organisation. Companies that significantly perform data mining and cleaning processes can see a noticeable change in their revenue because of the increase in accuracy and consistency of data. 

Hence, the response rate increases and redundancy of work reduces which in turn reflects a positive growth in the company and a boost in revenue can be seen. Also, better interaction within the organisation and with the consumers can help companies make better decisions. Clean and prepared data allows marketers to locate prospects of high value, conveniently. With the help of clean data, it becomes easier for marketers to target specific individuals with tailored communication that is capable of generating high-value business results.

Complies reliable information

Data cleaning and mining is one of the best ways in which companies can extract reliable information. Businesses can carry out their organisational tasks in a more accurate and precise manner if they know that the information they have is concrete and reliable.

To perform organisational tasks accurately, professionals require reliable data sources. Data analytics and data science professionals work with that data and convert it in a manner that is readable and understandable by the other employees or even the general public for that matter. Hence, continuously performing data cleaning activities allows businesses to keep track of their information and vouch for its reliability.

Detects fraud

Data mining and cleaning help data science professionals quickly detect any fraud or hazardous activities so that they can take defensive actions. They can easily identify hidden patterns and initiate automated resolution techniques that are required to eliminate any sort of fraudulent activity.

Early detection of fraud helps companies to prepare better risk models and take corrective actions immediately. This continuous process allows the company to build better product safety that consumers can rely upon.

Makes informed decisions

When businesses have clean and reliable data at hand, it becomes easier for them to make data-driven decisions. Such decisions are based on real-time data and the scope of predictive analysis declines. Gathering data allows businesses to keep track of the market conditions which ultimately helps them to make more informed decisions.

Also, regular survey data on customers take some references Help companies to choose the target audience and launch products and services accordingly. An effective data analytics course assists data professionals in understanding the value of real-time data so that they can segregate between which data to consider and which data to discard.

Increases productivity

Performing data cleaning and data mining activities regularly enhances the data quality of the business and reaches a proficient level of productivity in business. As data cleaning helps to streamline the process of data analysis, it results in cost reduction and the performance of the business significantly improves.

Conducting the data cleaning and data mining process effectively allows the data scientist and data analysts to focus their energies on researching data rather than gathering it. Therefore, the ultimate productivity of the company is enhanced.

Saves company costs

As data cleaning streamlines the data-gathering process, it results in reducing company expenses which ultimately saves company costs. With the 

reduced expenditure, companies can use the budget in various other sectors and constantly strive to make better products for their target audience. 

Conclusion

In a world of fierce competition, making data-driven decisions is very important. For that, companies need to have accurate and quality data. One cannot underestimate the value of proper business research in order to gather the right sort of data. 

Using tried and tested market research techniques is the best way to collect reliable information which also ensures that the data is cleaned and prepared before using it. If you want to have a career in data analytics consider signing up for the Postgraduate Program In Data Science And Analytics by Imarticus. This course will upskill your analytical abilities and you can grow tremendously in the technological field. It is best suited for beginners and intermediate professionals in this discipline.

Supply Chain Management Salary in India in 2024

Do you intend to work in Indian supply chain management? The supply chain business has expanded quickly along with e-commerce and logistics, becoming an essential part of the Indian economy. As companies work to enhance their supply chain operations, there is an increasing demand for trained individuals to supervise the movement of goods from production to delivery.

But what kind of pay should you anticipate in this industry? This blog will closely examine supply chain management salary in India in 2023, giving useful information to aid your career selections.

Importance of Supply Chain Management in the Indian Market

In today’s dynamic and competitive business climate, supply chain management (SCM) is essential in the Indian industry. Efficient and effective supply chain management is more crucial than ever, thanks to the growth of e-commerce, internationalization, and changing customer expectations. There are various SCM jobs in India for individuals with relevant skills and qualifications.

Businesses may gain a sizable competitive edge in the Indian market via efficient supply chain management. Businesses may stand out from rivals and achieve a competitive edge through increased productivity, cutting expenses, and enhancing customer service.

Supply chain management is crucial for companies doing business in India. SCM may assist firms in gaining a competitive edge and achieving long-term success in today’s dynamic and competitive business climate by enhancing efficiency, cutting costs, and increasing customer service.

Supply chain manager job roles:

  • Arranging orders and sourcing raw supplies and services from several global locations
  • Overseeing delivery and logistical activities
  • Streamlining the shipping and packing process.
  • Lowering costs in the supply chain of an organization
  • Establishing appropriate schedules and activities, analyzing performance records, and increasing productivity and efficiency
  • Taking care of orders, refunds, and inventory optimization

What is the salary range for supply chain management jobs in India?

Salary comparison for supply chain management roles in India: 

According to Indeed, a supply chain manager makes a yearly salary of 3,85,588 rupees in India. This is based on 158 salaries reported by supply chain managers across India. However, this figure depends on your location, experience, education, skills, and company.

According to AmbitionBox, the average yearly income for supply chain management in India is 13.2 Lakhs, with salaries ranging from 4.5 Lakhs to 25.2 Lakhs. 

According to Glassdoor, the average yearly income for a supply chain manager in India is ₹12,25,112 per year as of May 2023. This is based on 608 salaries submitted anonymously by supply chain managers on Glassdoor. However, depending on various factors, this figure can range from ₹4L to ₹28L.

What factors influence Supply Chain Management Salary in India in 2023?

As you can see, there is no definitive answer to how much a supply chain manager will earn in India in 2023. India’s highest-paying supply chain management job is 28.0 lakhs (2.3 lakhs monthly). Supply Chain Analyst salary in India ranges between ₹ 2.4 Lakhs to ₹ 12.4 Lakhs with an average annual salary of ₹ 5.2 Lakhs.

Your salary will depend on several factors, such as:

  • Location: Your pay may be significantly impacted by the city or state where you work. Salary ranges are often greater in metro centers like Mumbai, Delhi, Bangalore, and Hyderabad than in smaller cities or rural areas due to the higher cost of living and greater demand for qualified professionals in certain locations.
  • Experience: You may take on additional duties and manage more difficult projects as you earn more knowledge, competence, and professional experience.
  • Education: Your wage may also be impacted by your amount of education. Generally speaking, having a degree in supply chain management or a similar profession, whether a bachelor’s or a master’s, can offer you an advantage over other applicants and aid in your quest for higher-paying employment. You may also enroll in certification programs or courses to advance your knowledge and abilities and strengthen your resume.

How to Increase Your Supply Chain Management Salary in India in 2023

If you want to increase your supply chain management salary in India in 2023, here are some tips that can help you:

  • Obtain Knowledge and Expand Your Network

Gaining experience and expanding your network of contacts in the business world are two of the finest strategies to raise your supply chain management compensation. This may be done by accepting new duties, volunteering for unique initiatives, and attending industry conferences. 

  • Pursue certifications and higher education.

Your supply chain management compensation may also grow due to obtaining other degrees and certifications. In addition to earning certifications like the Certified Supply Chain Professional (CSCP) or the Certified in Production and Inventory Management (CPIM), consider pursuing an MBA or other graduate degree in supply chain management or a similar subject. 

  • Develop specialized knowledge and skills.

Your supply chain management compensation can also be increased by gaining specific knowledge and abilities. Consider learning more about cutting-edge technologies utilized in supply chain management, such as blockchain, artificial intelligence, and machine learning, concentrating on honing your abilities in highly sought-after fields like procurement, inventory management, or logistics.

Ending note

The future appears promising for those working in supply chain management in India. In 2023 and beyond, there will be many possibilities to enhance your career in supply chain management and raise your supply chain management compensation due to the industry’s significant expansion and rising need for qualified individuals. 

The Advanced Certification Program in Digital Supply Chain Management, provided by Imarticus Learning in partnership with E&ICT, IIT Guwahati, equips students with the management abilities to operate procedures, boost sales, and enhance the customer experience. The industry-relevant curriculum also equips students with the skills to develop and use digital supply chain management strategies.

Top 7 Careers for AI Professionals

Are you exploring the dynamic world of artificial intelligence (AI) and wondering about the career paths it offers?

AI is a field that’s reshaping what our future looks like. It is creating a need for a new kind of professional expertise. These emerging AI roles are different, combining creative thinking, problem-solving, and technical skills. It’s an exciting time for both tech veterans and newcomers to delve into these opportunities. Understanding these roles is crucial for anyone aiming to become AI leader.

Let’s explore the top seven career options for AI enthusiasts. Each role is integral to the growth and application of AI, from inventing new technologies to solving real-world problems. For those starting their career journey or looking to switch paths, these roles offer insights into the evolving landscape of AI careers.

Why Do You Need a Career in AI?

Before we dive into the multiple career options, let’s first understand the reason why you should even consider a job in this field. 

A career in Artificial Intelligence (AI) offers a dynamic and impactful path, with AI roles growing significantly. AI is set to create millions of new jobs by 2025 (4.5 million jobs only in India!). This field is integral across various industries, from healthcare to space exploration, creating a high demand for AI professionals. 

AI professionals are highly sought after in recent times where everything is dependent on AI. Their salaries are generally more than $100,000 annually. These AI leaders have gradually developed specialised skills and added immense value to any business they were a part of. The AI field is diverse, offering many career paths. As a professional, seasoned, or fresher, you have the opportunity to work and gain experience in various industries as a freelancer, consultant, or full-time employee. A career in AI means being part of an exciting, evolving field. You’ll contribute to new technologies and make a big impact on society.

Top 7 Careers for AI Professionals

AI Research Scientist

AI Research Scientists are people who specialise in various sectors of AI. To become one, you should do well in machine learning, applied math, and computational statistics. If you want to be an AI research analyst, you also need expertise in deep learning, reinforcement learning, graphical models, computer perception, understanding natural language, and handling data. 

The average salary of an AI Research Scientist is INR 11,35,923 annually. 

Machine Learning Engineer

As a Machine Learning Engineer, you focus on developing AI models and systems that learn and improve on their own. Key skills include software development, using predictive models, and handling natural language processing with large data sets. A solid background in computer science or mathematics and proficiency in programming languages like Python, Java, and Scala are essential. AI ML training is also a must.

The average salary of a Machine Learning Engineer is INR 12,00,000 annually. 

Data Scientist

As a Data Scientist, your main task involves collecting, examining, and interpreting large datasets. Utilising machine learning and predictive analytics is key in this role. It’s important to learn and master machine learning techniques. Additionally, you need to be proficient in Big Data platforms and programming languages like SQL, Python, Scala, and Perl. Most Data Scientists have advanced degrees and deep knowledge in SAS, R, and Python programming. Experience with cloud-based tools is also a key part of their expertise.

The average salary of a Data Scientist is INR 13,90,000 annually. 

Robotics Engineer

As a Robotics Engineer, you design and build robots and machines that respond to human commands. A strong background in robotics, mechanical, electromechanical, or electrical engineering is essential. Skills in advanced math, physics, CAD, fluid dynamics, and materials science are crucial for success in this role. Learn machine learning, too, for better experience and upscaling. 

The average salary of a Robotics Engineer is INR 6,17,111 annually. 

Business Intelligence Developer

Business Intelligence Developers analyse complex data to identify current business and market trends. You must design, model, build, and maintain data for cloud-based data platforms. A bachelor’s degree in computer science, engineering, or a related field is typically required, along with experience in data warehouse design, data mining, and knowledge of BI technologies.

The average salary of a Business Intelligence Developer is INR 7,97,257 annually. 

AI Product Managers

In the position of an AI Product Manager, you oversee the creation and rollout of products and services powered by AI. To ensure that AI solutions correspond with company objectives and consumer demands, you should interact with software engineers and data scientists. It is beneficial to have a background in data science or engineering, as well as knowledge of software development and project management.

The average salary of an AI Product Manager is INR 30,65,721 annually. 

AI Programmer

AI Programmers develop and write the code necessary to implement AI models and applications. You should typically have a strong background in computer science and programming languages such as Python, Java, and C++. Their role involves creating algorithms, developing AI software, and ensuring the integration of AI into various applications and systems.

The average salary of an AI Programmer is INR 30,39,042 annually. 

Key Takeaways

Artificial Intelligence (AI) is full of different and exciting job opportunities. From being an AI Research Scientist to an AI Programmer, these jobs are key in creating new technology and changing many industries. This is an amazing time to become a part of this field. If you’re looking to upskill yourself, consider different courses. 

The Executive Programme in AI for Business by IIM Lucknow, offered through Imarticus Learning, is a great way to do this. This program teaches you important AI skills, including machine learning. It’s a good step towards becoming an AI leader and professional.

Are you ready to embrace the AI-driven future?

Navigating Supervised and Unsupervised Learning

The distinction between supervised and unsupervised learning forms the foundation for diverse applications across various sectors in machine learning. Unsupervised learning, in which algorithms discover patterns from data without labels, and supervised machine, where labelled data guides forecasting algorithms, are important approaches driving the advancement of artificial intelligence.

Knowing the unique characteristics and capacities of these approaches becomes essential as organisations and researchers use machine learning to uncover insights, make data-based choices, and innovate across industries. 

This article delves into the fundamental principles, practical uses, complexities, and decision-making methodologies essential for overseeing the realms of both supervised and unsupervised learning environments. We will delve into their strengths, limitations, and crucial distinctions, offering a comprehensive guide for practitioners seeking to adeptly leverage these approaches and, in turn, shape the trajectory of artificial intelligence development.

Supervised Learning

The supervised learning strategy in machine learning uses designated data sets to develop algorithms that accurately recognises inputs or generate outputs. The data with labels is used by the model to assess the importance of various attributes in order to gradually enhance the model fit to the predicted result.

Supervised learning has been divided into two categories:

  • Classification
  • Regression

Classification

Categorization or classification is implemented when the output parameter involves classifying between two or more classes, such as yes or no, correct or incorrect, and so forth.

In case of determining whether an email is spam or not, it becomes necessary to train the system on what constitutes spam. This training is accomplished by implementing spam filters, which scrutinise the email’s content and inbox for any misleading information.

All of these criteria are used to evaluate the email and provide an incorrect value to it. The lesser the email’s overall spam outcome, the less probable it is a fraud.

The algorithm determines whether a fresh email that arrives should be routed to the mailbox or the spam box according to their subject matter, categorise, and spam score.

Regression

When the outcome of a parameter is a genuine or constant value, regression is utilised. There is a connection among multiple variables, which means that an alteration in one variable is related to a modification in the other. For example, income based on previous employment or weight depending on height, etc.

Consider a glimpse at two factors: humidity and temperature. In this scenario, ‘temperature’ is the variable that is independent, and ‘humidity’ is the one that is dependent. The humidity decreases as the temperature rises.  

The algorithm provides these two variables, and the algorithm learns the link between these. After instruction, the system can easily forecast humidity relying on the provided temperature. 

Unsupervised Learning

Machine Learning techniques are used in unsupervised learning to examine and classify datasets without labels. Without human intervention, these algorithms can discover previously unseen trends in data.

Unsupervised learning is further categorised as follows:

  • Clustering
  • Association

Clustering

Clustering is a method of arranging components into clusters that are similar but not identical to components within distinct clusters. For example, determining whether customers purchased similar products.

Assume a telecommunications business wants to reduce customer churn by offering personalised call and internet plans. clients’ behaviour is examined, and the model groups clients with similar characteristics together. Several tactics are used to reduce turnover and maximise revenues through appropriate marketing and campaigns.

Association

The association is a rule-driven machine learning technique for determining the likelihood of elements in a collection co-occurring. For example, figuring out which items have been bought together

Assume a consumer goes to the grocery and purchases bread, milk, veggies, and grains. Another consumer arrives with bread, milk, grains, and butter. When another client walks in, it is highly probable that if he purchases bread, he will also buy dairy products. As a result, a relationship is formed based on client behaviour, and solutions are provided. 

Contrasts in Approaches: Supervised versus Unsupervised Learning

It is straightforward to grasp the variances between supervised and unsupervised learning if the fundamentals of each are known.

The major difference between the two methodologies is separating labelled and unlabeled datasets. Labelled datasets are used for developing prediction or classification algorithms in supervised learning. The labelled “training” data is put in, and the algorithm continuously modifies how it prioritises different data elements until the algorithm is properly suited to the desired result. 

Supervised machine models outperform their counterpart techniques in terms of precision. They do, however, necessitate the involvement of people in the data processing operation to guarantee that the labels on the material are suitable.

A supervised learning method, for example, can forecast flight timings based on the busiest times at an airport, air travel delays, and the climate. However, humans are required to label the datasets in order to instruct the algorithm on how these parameters affect flight durations. In order to determine that snow plays a role in flight delays, a supervised model relies on predicting the outcome.

Unsupervised learning structures, on the other hand, perpetually function without human intervention. Using unlabeled data, they discover and conclude at an order of sorts. The only human assistance required here is for outcome parameter confirmation. 

For example, if a person buys a new laptop through the internet, a system of unsupervised learning will recognise that the individual corresponds to a collection of consumers who purchase a set of identical items frequently. A data analyst’s task is to confirm that the recommendation tool presents a choice for a laptop bag and screen protection.

Summing Up

The path taken via supervised and unsupervised learning arises as a distinguishing pathway as the edges of the Artificial Intelligence program continue to advance. These approaches form the foundation of AI training programs, each providing distinctive perspectives through which machines interpret and process data.

Understanding the domains of supervised learning, in which labelled data moulds prediction models, and unsupervised learning, in which algorithms identify patterns from unlabeled data, reveals the enormous spectrum of AI possibilities. The many distinctions between these techniques, from data needs to algorithmic underpinnings, enable professionals to make informed choices about model selection and implementation.

In order to keep up with the changing trends and rapid innovations, Imarticus offers an Executive Programme In AI For Business to nurture aspirants with the highest learning experiences, turning them into exceptional AI and Machine Learning professionals.

Python for Artificial Intelligence and Machine Learning: An Overview

Are you interested in Artificial Intelligence and Machine Learning but need help knowing where to start? Do you want to leverage the power of Python to build intelligent applications and analyse large datasets? Then you’re in the right place! This article will give you a comprehensive overview of Python for AI and Machine Learning and show you how to use this powerful language to create amazing projects.

Why Python is the language of choice for Machine Learning and AI

Python Machine Language is a versatile and powerful programming language that has gained immense popularity in the world of AI and Machine Learning. There are several reasons for this:

  • Python is easy to learn and use: Unlike other programming languages, Python has a simple syntax and an intuitive design that makes it easy for beginners to get started. You can write and run Python code in a matter of minutes. Plenty of resources and tutorials are available online to help you along the way.

  • Python has a large and active community: One of the biggest advantages of using Python for AI and Machine Learning is the vast community of developers, data scientists, and researchers constantly contributing to its growth and development. This means you can easily find answers to your questions, get help with your code, and collaborate with others on your projects.

  • Python has a wide range of libraries and tools: Python has a rich set of libraries and tools that make it easy to perform complex tasks like data analysis, machine learning, and natural language processing. Some of the most popular libraries for AI and Machine Learning in Python include NumPy, Pandas, Scikit-Learn, TensorFlow, Keras, PyTorch, NLTK, and SpaCy.

  • Python is open-source and free: Python is an open-source programming language, which means that it is free to use and distribute. This makes it an attractive choice for developers and organisations that want to build AI and Machine Learning applications without incurring high costs.

Artificial Intelligence Projects in Python

Now that you know why Python is such a popular choice for AI and Machine Learning, let’s take a look at some of the amazing projects that you can build with it:

  1. Image and video recognition: You can use Python and its libraries to build image and video recognition systems that classify objects, people, and actions in real-time. This has many applications, from security and surveillance to autonomous vehicles and drones.

  2. Natural Language Processing: Python’s NLTK and SpaCy libraries make building applications that can understand and process human language easy. You can use this to build chatbots, sentiment analysis systems, and even language translators.

  3. Predictive Analytics: Python’s machine learning libraries, like Scikit-Learn and TensorFlow, make it easy to build predictive models. These models can analyse large datasets and accurately predict future trends and events. This has applications in finance, marketing, and healthcare, among others.

  4. Robotics: Python is widely used in robotics, where it is used to program and control robots, build simulations, and analyse sensor data. This has applications in manufacturing, logistics, and space exploration.

How to Get Started with Python for AI and Machine Learning

If you’re ready to dive into the world of AI and Machine Learning with Python, here are some steps that you can follow:

  1. Learn the basics of Python: Before you can start building AI and Machine Learning projects, you need to have a solid foundation in Python programming. You can start with online courses, tutorials, and books covering Python programming basics.

  2. Familiarise yourself with AI and Machine Learning concepts: It’s important to understand AI and Machine Learning concepts before you start building projects. This includes topics like supervised, unsupervised, neural networks, and deep learning.

  3. Choose a project to work on: Once you grasp Python and AI/Machine Learning concepts, it’s time to choose a project to work on. This could be anything from building a simple image recognition system to building a complex natural language processing application.

  4. Use Python libraries and tools: As we mentioned earlier, Python has a wide range of libraries and tools that can make building AI and Machine Learning projects easier. Make sure to explore and use the libraries relevant to your project.

  5. Practice and collaborate: Building AI and Machine Learning projects is challenging, and it takes an approach to master. So practice your skills regularly, and collaborate with others to learn from their experiences and get feedback on your projects.

Conclusion

Thanks to its ease of use, active community, and wide range of libraries and tools, Python has become the language of choice for AI and Machine Learning projects. Whether you’re interested in building image recognition systems, natural language processing applications, or predictive models, Python has everything you need to get started. So why not enhance your career and explore the world of data science with a program like Imarticus Learning’s Postgraduate Program in Data Science & Analytics? Designed for fresh graduates and early career professionals with 0-5 years of experience, this data science course can help you develop the skills you need to succeed in the exciting field of data science.

The Hadoop Distributed File System (HDFS)

Hadoop Distributed File System (HDFS) is the primary data storage system used by all Hadoop applications. This is an open-source, structured application. HDFS works by facilitating quick data flow between multiple nodes. It is an extremely useful framework, and companies that deal with a huge data pool frequently employ HDFS daily.

HDFS has grown to become an essential part of the Hadoop system as it supports big data and provides a way to manage large data sets. Companies are using HDFS globally as a means to store data since it offers a high degree of credibility and security.

Read on to learn the fundamentals of the Hadoop Distributed File System and its importance in building a career in data science.

What is Hadoop Distributed File System (HDFS)?

HDFS stands for Hadoop Distributed File System, and as the name suggests, it functions as a distributed file system for most of the commodity hardware. It is designed in a way that helps companies store and manage large amounts of data conveniently. HDFS is exclusively the file system of Hadoop, which offers access to data stored in the Hadoop system, making it a subset of Hadoop.

HDFS is built and developed to run on cost-effective standard hardware. It is a robust, resilient and dependable application that easily offers streaming access to data files in Hadoop Apache.

It offers easy access to data applications to the intended users, making it appropriate when dealing with big data sets. One can enroll in a data analyst course to better understand the foundation of and how it benefits businesses.

Features of Hadoop Distributed File System 

HDFS is a very useful tool for global companies, but what makes it so useful can be understood with the help of its unique features that are enumerated below:

  • Data replication: This feature helps protect against data loss and ensures the availability and accessibility of data. For instance, replicated data can be retrieved from another location in a cluster in case of a mishap of node breakdown, hardware breakdown, problem in a specific application, etc.
  • Reliability and fault tolerance: As HDFS can replicate data and store a cluster of the same in a variety of locations, it is a highly reliable and fault-tolerant tool. One can easily retrieve and access data from a duplicate location even if the original storage has become faulty.
  • Scalability: A cluster can expand to hundreds of nodes to match escalating requirements. HDFS possesses the ability to store and keep data across multiple cluster nodes.
  • High availability: HDFS offers very high data availability as it can access and retrieve data from the NameNode in circumstances where the DataNode fails to perform its prescribed functions.
  • High throughput: With the help of the distributed data storage model of HDFS, data can concurrently be processed on a collection of nodes. This feature allows rapid processing and ultimately reduces processing time.
  • Data locality: Instead of letting the data relocate to the location of the operational unit, HDFS allows computing and processing of the data on the DataNodes, which is the primary storage location of the data. It reduces the travel span between computation and data, which results in the reduction of network congestion. It also enhances system throughput with the help of this method.

Advantages of Hadoop Distributed File System 

Hadoop Distributed File System is an advantageous proposition for most companies. One can gain a deeper insight into the benefits of HDFS with the help of effective online and offline data analytics courses.

The following are the major benefits offered by HDFS:

  • Inexpensive tool: Cost-effectiveness of HDFS is one of its major benefits, as it uses affordable commodity hardware for storing and processing data in the DataNodes. Additionally, there is no licensing fee for using HDFS as it is an open-source platform.
  • Conveniently stores large data sets: HDFS can store dynamic and several data sets that vary in type and size. The data can exist in any form, be it structured or unstructured data, and in any size, for example, ranging from megabytes to petabytes, HDFS can store and process all of it.
  • Quick recovery following hardware crash: HDFS is designed and developed in a way that can detect any sort of failure or issues and recover easily, with little to no assistance. If there is a problem in the hardware, HDFS can detect and fix it with its built-in approach.
  • Portability and compatibility: HDFS offers portability across numerous hardware platforms. Also, it offers a high degree of compatibility with various operating systems such as Linux, Windows, Mac OS and so on.
  • Streaming data access: Designed for batch processing, HDFS is specifically used for high data throughput, making it appropriate for streaming access to datasets.

HDFS Use Cases

Primarily, HDFS was used for ad serving and search engine propositions, but now it has found its uses beyond this scope. Large-scale companies now use it for image conversion, log storage, log processing, machine learning and odds analysis. 

Companies in various sectors frequently use HDFS to effectively work with large data sets. Some of them are stated as follows:

  • Electric companies: The power and electric industry, including the electricity companies, use HDFS to monitor and analyse the well-being of smart grids.
  • Marketing campaigns: HDFS helps in marketing by providing information about the target audience. For example, their purchase history, based on preferences, etc.
  • Oil and gas providers: The oil industry generally deals with various data types. HDFS framework provides a data cluster where the dynamic data types, such as video, audio, image, etc, can be stored and processed.
  • Research activities: Collecting and analysing data is integral to conducting research activities. Here, HDFS helps to store and analyse the intended data.

Conclusion

HDFS is a crucial storage mechanism for Hadoop applications that offers data redundancy and allows the Hadoop cluster to be divided into smaller chunks. It is one of the fastest-growing technologies in today’s world and a crucial aspect of data science. It is a lucrative career option for data science professionals where one can learn the fundamentals and mechanism of HDFS with the help of a useful data analyst course.

Learn more about Hadoop and HDFS with the Postgraduate Programme In Data Science And Analytics by Imarticus Learning. This data science course not only teaches the fundamentals of the Hadoop Distributed File System but also its practical applicability. Visit the website to explore more course-related details.

Sustainable Logistics: Techniques and Practices to Promote Green Logistics

We’re all increasingly familiar with the call to “go green.” Yet, when we think of sustainability, we often envision fields of wind turbines or solar panels gleaming in the sun. But there’s another dimension to the sustainable movement, often overlooked but equally crucial: logistics. 

In this realm, a transformation is unfolding, seeking harmony between our insatiable demand for goods and the pressing need to protect our planet.

Logistics: A Double-Edged Sword

At its core, logistics is about movement—goods shifting from producers to consumers, traversing continents and oceans. But this incredible engine of commerce comes with environmental costs: emissions from transport, packaging waste, and the energy-intensive nature of warehousing, to name a few. As awareness of these impacts grows, the spotlight now is on creating more sustainable logistical practices.

For those keen on mastering the evolving logistics landscape, Logistics Management Courses Online are proving invaluable. They offer insights into integrating sustainability and decoding what is green logistics while ensuring efficiency.

The Green Shift: Sustainable Techniques in Action

As the global conscience wakes up to the environmental toll of our actions, industries far and wide are undergoing profound shifts. None more so than in the world of logistics. 

No longer just about transporting goods efficiently, today’s logistics aims to do so sustainably. This isn’t just about a moral or ecological responsibility but also about foresight and preparing for a future where resources may be scarcer. 

As we dive deeper into this transition, let’s explore the specific techniques bringing about this green revolution in logistics.

  • Eco-friendly Packaging: Gone are the days of excessive plastic and Styrofoam. Biodegradable, recyclable, and minimalistic packaging options not only reduce waste but also resonate with eco-conscious consumers.
  • Optimised Routing: With advanced tracking and AI, routes can be planned to minimise fuel consumption and reduce emissions. Think of it as the GPS of sustainable logistics.
  • Warehouse Energy Management: Modern warehouses are increasingly employing energy-efficient practices like solar energy, motion-activated lighting, and better insulation techniques.
  • Vehicle Upgrades: Transitioning to electric or hybrid vehicles, especially for last-mile deliveries, can drastically reduce carbon footprints.
  • Recycling & Upcycling: Instead of discarding, logistics firms are finding creative ways to reuse materials, turning potential waste into valuable assets.

Benefits Beyond the Environment

While the environmental perks of sustainable logistics are evident, the advantages don’t stop there. Companies that adopt these practices often find:

  • Energy savings translate to cost savings. Efficient resource use can also lead to reduced expenditures in the long run.
  • Today’s consumers are discerning. A commitment to sustainability can bolster a company’s image and foster customer loyalty.
  • With regulations around sustainability tightening globally, early adoption positions companies ahead of the curve, avoiding future shocks and disruptions.

Collaboration is Key: Industry-Wide Initiatives

In the realm of green logistics management, isolated efforts, while commendable, might not yield the sweeping changes our environment demands. What truly moves the needle is collaborative industry-wide initiatives. Many logistics providers are coming together to establish common standards and best practices. 

Sharing insights on sustainable materials, transport innovations, and waste reduction, these collaborations amplify the impact of individual actions. When one company discovers a breakthrough, it ripples through the entire industry, multiplying the benefits.

The Digital Connect: Technology’s Role in Sustainable Logistics

In this digital age, technology is more than just a tool—it’s a catalyst for change. Machine learning and AI are fine-tuning supply chain operations, making them leaner and greener. Real-time tracking ensures goods don’t just reach us quickly but also follow the most energy-efficient routes. Smart warehouses equipped with IoT devices minimise energy wastage. 

In essence, every byte and bit is contributing to a more sustainable logistics paradigm. The fusion of technology and eco-conscious strategies is charting the future course of logistics.

Consumer Power: The Role of Awareness and Choice

It’s easy to see businesses as the primary players in sustainable logistics. However, consumers wield immense power. Every purchase is a vote, a nudge directing companies towards greener practices. 

By choosing products with eco-friendly packaging or companies with carbon-neutral shipping, we send a strong message. As more consumers demand sustainability, companies will listen. It’s a two-way street: businesses innovate in sustainability, and consumers reward them with loyalty. The journey to green logistics is one we’re all on together.

If sustainable logistics piques your interest, investing in learning can be transformative. One standout option is the Advanced Certification in Digital Supply Chain Management from IIT Guwahati. Extended by Imarticus Learning, this course, while rooted in digital principles, offers a comprehensive understanding of contemporary logistics, including sustainability facets.

Concluding Thoughts: A Journey, Not a Destination

Sustainable logistics, much like sustainability itself, is a journey. As technologies evolve and our understanding deepens, techniques will refine. There’s no doubt about it: logistics isn’t just about shipping items anymore. It’s way more than that – It’s charting a course for a brighter, much more eco-friendly future. 

So, the next time you tear open a package or click ‘buy’ online, pause and think about its adventure to your doorstep. Remember, big efforts are underway to ensure its travels are kind to Mother Earth.