Recently, we explored what AI engineers do and we also wrote about how to become an AI engineer. Here we’re going to explain what artificial intelligence is and why it’s so important to the modern economy.

As part of this discussion, we’ll cover what artificial intelligence is, how and where it’s being applied in modern businesses, what AI engineers actually do, and why you should consider getting into the industry. 

After you’ve learned everything you need to know about what makes artificial intelligence so important, fill out our information request form to receive additional details about CSU Global’s 100% online Master’s Degree in Artificial Intelligence and Machine Learning, or if you’re ready to get started, submit your application today.

What is Artificial Intelligence?

Artificial intelligence is a technology that mimics human intelligence, allowing computer applications to learn from experience via iterative processing and algorithmic training. 

AI gets smarter each time it processes data because each interaction allows the system to test and measure solutions and develop expertise in the task it’s been set to accomplish.

Since AI machines can work at a much faster rate than humans, they can become experts in a matter of days or weeks, which makes them incredibly effective options for any process requiring intelligent decision making.

This makes AI an incredibly powerful, and extremely valuable technology, since it essentially allows computers to think and behave like humans, but at much faster speeds and with much more processing power than the human brain can produce.

In many cases and for a variety of different applications, AI systems are capable of significantly outperforming humans, and that’s the primary reason why AI technology has become so important to the modern economy.

What Makes AI Technology So Useful?

Artificial intelligence offers several important benefits that make it an excellent tool for virtually any modern business, including:

  1. Automation - An AI can perform a task that would be repetitive and tiresome for a human, without feeling any fatigue or needing breaks.
  2. Analysis - Artificial intelligence can analyze data much quicker than humans can, allowing it to find patterns very efficiently. It can also analyze much larger datasets than humans, allowing it to uncover patterns that people would simply miss.
  3. Accuracy - AI can learn to become more accurate than humans, using its ability to harvest and interpret data to make better decisions for tasks like picking financial investments or identifying cancerous growths on x-rays.
  4. Enhancement - AI can help to make products and services more efficient and effective by using capabilities like optimizing conversation bots or customer service menus, and delivering better product recommendations.

Simply put, AI allows organizations to make better decisions, improving core business processes by increasing both the speed and accuracy of strategic decision-making processes.

Where is AI Technology Being Applied?

The reason there’s so much talk about how AI could revolutionize the world and change the future is that AI solutions are already being applied in virtually every industry, with excellent results.

Some specific examples of artificial intelligence applications include:

  • Banking & Finance - AI is used to identify and prevent fraudulent financial transactions, as well as to identify good opportunities for investment.
  • Transportation - The self-driving cars being built by Google and Tesla are powered by AI systems, including deep learning technology so that they can drive safely without human input.
  • Healthcare - AI applications are being used to deliver personalized medicine, providing patients with reminders about when to take their medicine, and suggestions about which specific exercises they should perform.
  • Manufacturing - AI solutions are used to forecast load and demand for factories, ensuring they’re run as efficiently as possible by helping to make better decisions about logistics, planning for materials ordering, timetables to project completion, and more.

As the list above makes clear, artificial intelligence principles and practices are being applied in a variety of industries to make AI technologies work better, faster, and smarter, improving the efficiency and effectiveness of a whole host of modern technological solutions.

What Do AI Engineers Actually Do?

As an artificial intelligence engineer, you’ll be asked to work with AI technology in a variety of ways, including designing, building, testing, updating, and scaling modern AI systems and technologies.

Typical tasks for AI engineers include:

  • Developing AI-driven solutions that model human behavior to accomplish complicated tasks or complete complex processes.
  • Implementing AI and machine learning solutions to solve complex problems or scenarios.
  • Creating new technical solutions utilizing artificial intelligence and machine learning technologies.
  • Evaluating and improving technologies, systems, and solutions that rely on machine learning and AI processes.

The role of an AI engineer requires advanced technical skills and expertise, and this is clearly not a role that you can simply find your way into without prior training.

If you want to break into the artificial intelligence industry, you’re going to need to develop a set of advanced skills and abilities before anyone is willing to give you a chance as an AI engineer.

The best way to develop the skills you need for this industry is to get your degree in artificial intelligence.

Should I Pursue a Career in Artificial Intelligence?

Artificial intelligence is becoming ubiquitous, with so many potential applications that you’re virtually guaranteed to be able to find something you’d be interested in doing once you’ve developed the necessary skills and abilities.

AI applications are already having a huge impact on virtually every industry, and they’re also likely to continue growing in importance as new applications and technological solutions are created.

As well, the AI industry is growing rapidly, with the International Data Corporation (IDC) projecting that the AI market, “including software, hardware, and services, is forecast to grow 17.5% and reach a valuation of over $500 billion by 2024.”

Some of the top positions for AI experts that offer an excellent average annual income include:

If you’re interested in technology and looking to study a field that could lead to a lifelong career with the potential for earning an excellent income, then artificial intelligence may be the perfect option for you.

How to Launch a Career in Artificial Intelligence

While you might be able to get an entry-level role in the industry without first completing a degree program, it will almost certainly be easier to find a good job in AI if you first attend and complete a degree in the field.

Why? Because the best way to develop the knowledge, skills, and abilities you’ll need to be successful as a professional artificial intelligence engineer is to study AI in a serious academic setting, like CSU Global’s online Master’s Degree in Artificial Intelligence and Machine Learning program.

 

This program provides all the experience and knowledge you need to launch a successful, lifelong career in the AI industry, along with the academic credentials needed to catch the eye of hiring managers looking to fill AI-related positions.

Choosing to study at CSU Global will ensure that your degree is respected by the hiring managers you need to impress to land a great job in this competitive field and earning your Master’s Degree in AI should help increase the odds that you can land a management or leadership role in the industry.

Should I Get My Degree in Artificial Intelligence Online? 

Yes, no matter what degree or certification program you choose to pursue, we suggest getting your academic credentials online instead of in person.

Why? Because in-person programs are less efficient than studying online, which offers far more flexibility and freedom.

In fact, should you choose to study online with us at CSU Global, you’ll get to take advantage of several excellent benefits that our unique, 100% online programs provide, including:

  • No requirements to show up at set times or in physical locations.
  • Monthly class starts.
  • Accelerated courses.

These benefits will be especially helpful if you’ve got a busy schedule full of existing work and family responsibilities, as being able to avoid commuting alone could save you a great deal of time.

If you’re worried about being able to find enough time for your studies, then you should certainly think about getting your degree online with us at CSU Global.

Why Should I Pick CSU Global’s AI Program?

Our online AI Master’s Degree program is an excellent choice for anyone looking to pursue a career in this exciting and growing field.

This program is widely respected by industry professionals and regionally accredited by the Higher Learning Commission. Our program has also won several impressive rankings, including:

Furthermore, you can count on your degree earning the respect of potential employers as CSU Global itself has also earned several impressive rankings, including:

Finally, we offer competitive tuition rates and a Tuition Guarantee which ensures your rate won’t increase as long as you remain enrolled as a student with us. 

To get additional details about our fully accredited, 100% online Master’s in AI and Machine Learning program, please give us a call at 800-462-7845, or fill out our Information Request Form.

Ready to get started today? Apply now!