Machine learning is the learning by machines regarding doing complex tasks by observing examples. Machines are able to understand images, predict preferences, recognize human speech, diagnose diseases and do various other complex tasks. With more connectivity, increased processing capacity and complex algorithms, today machines can do various tasks which were beyond their capacity before. There is a growing fear among people that Machines will take over the jobs of humans and leave only a few highly skilled people in the job market. Jobs for machine learning are lucrative for job seekers.

 

Benefits of Machine Learning

Machine learning combined with modern learning techniques and advanced neurosciences is opening up new verticals for research, analysis, predictions and is providing results which were way beyond human reach earlier. Some of the examples being recommender systems. Image and video tagging and automatic grading in academic exams and tests. The results are much accurate and provide a solid base for Scientific study. Machine learning jobs are different from traditional jobs like network administrator jobs, dot net developer jobs, system administrator jobs, senior analyst jobs and others.

 

Why Should India Excel in Machine Learning?

Machine learning satisfies the following criteria:

  1. It can have a huge impact on business and economy in India.

  2. New scientific results not known to humanity before are being unearthed.

  3. It can solve local problems like poverty and social development at low cost.

  4. The primary skills needed like math and analytical skills are imbibed in the DNA of Indians.

  5. It will pave way for disruptive innovations in the next decade.

  6. Machine learning does not need any infrastructure and has a very low waiting period.

 

Position of India in the world in Machine Learning

The research in machine learning in India is clustered and confined to few IITs. The research papers produced by India in a year amounts to only 745 considering all ML conferences, whereas China comes out with 3956 research papers whereas for U.S it is as high as 19,000+. Hence we are really far behind in machine learning in the modern day world.

 

I want to conclude by saying that India must invest more time and money in doing innovations in machine learning. The IT professionals must update themselves in machine learning by taking up ML courses and should join hands in world’s ML innovations and can opt for a lucrative and bright career option. For latest IT jobs click on the below button:

 

MY JOINING BONUS

Source: An article from ml-india.org.

The IT professionals who have just finished B.Tech and are dreaming of getting a fancy job in an MNC may get cold shoulders from IT companies. The need of the day is an additional M.Tech degree and related specialization. Gone are the days when the IT companies used to hire freshers and train them on required IT skills and then depute them for Java developer jobs, network administrator jobs, machine learning jobs and others. But due to cut throat competition, the economic slowdown in U.S and U.K, H1B visa issue and other obstacles the IT companies are already running on a rough patch. They want ready to work experts and do not have the money and time to train the freshers.

 

In IT sector, coding is one more field which requires continuous practice. Hence, the budding IT professionals must opt for M.Tech in a specialization and can take extra coding classes to hone their skills. The reputed IT companies look for multiple programming skills in the job aspirants. Automation and artificial intelligence are already overtaking the Fresher IT jobs like manual testing jobs and automation testing jobs, system administration jobs, and others. Therefore the freshers in the IT domain must be experts in programming, competent and should be post- graduates if they have to survive in the current IT job market.

 

M.Tech courses are available at all renowned IIT’s, Regional Engineering Colleges and Universities. The M.Tech aspirants must write the GATE exam. A higher ranking will assure you selected courses like M.Tech in Information Technology, M.Tech in Computer Science, M.Tech in Electronics & Computer Science and other related domains. M.Tech in Robotics, M.Tech in A.I, M.Tech in Information Security are the technologies of new age and the IT freshers can plan a career with fortunes having these post-graduation degrees.

 

Salary paid for freshers is very nominal even after all these years of IT dominance. The IT companies have made a pact on this as to not increase the entry level salary for IT freshers because the demand at entry level is less and the supply is more. The entry level salary for IT professionals was 2.25 lakh about two decades ago and has only risen to 3.5 lakh now, which is a phenomenal decrease in real wages considering inflation-adjusted perspective.

 

Hence, considering the overwhelming obstacles in the path of an IT fresher job seeker, the IT professional must be M.Tech if they want to expect a competitive salary. I am of the opinion that the fresher techies must be versatile, expert and confident in their field of specialization and then only they can survive in the outside IT job world.

Source:  An Article from economictimes.indiatimes.com

The IT industry is moving through a time of turbulence and nearly 2,00,000 IT employees are expected to lose their job in next 2 years in India. Automation, artificial intelligence, and protectionist policies in U.S, U.K, Australia, New Zealand and other countries are resulting in cut-down of jobs in IT industry. But the ray of hope is that nearly 50% of these laid-off employees can be re-skilled and employed.

 

The new technologies like cloud computing, information security, and artificial intelligence are creating a bounty of job opportunities in the IT sector. The attrition rate in IT companies is pegged at 15% to 20% and it is not going to come down in future. The sectors in IT like IT infrastructure support, testing and software development are witnessing major layoffs.

 

 

The transition is already taking place and 50% of the laid-off employees including freshers with under eight years of experience are being re-skilled in cloud computing, information security, artificial intelligence and other industry relevant technologies and are getting absorbed into these fields.

 

Remaining 50% of the laid-off IT employees can find opportunities in other fast-growing fields like retail industry, consumer banking, real estate and others. The IT industry is deploying fast and simpler applications using collaborative platforms, which are making many jobs redundant. Furthermore, automation platforms and automated bots are reducing human efforts and human interference.

 

Socio-political changes in many countries in the West are forcing the respective Governments to adopt protectionist policies and rethink their policies on outsourcing. The immigration policies are being reviewed and it is affecting the IT sector in India. Hence, the Indian IT companies should devise ways to be at the top of the value chain and regain demand.

 

I am of the opinion that there is no need of pessimistic approach regarding the mass layoffs and the future is not gloomy. The IT job aspirants and laid-off IT employees must see the brighter side of the coin and should quickly adopt and re-skill in industry relevant technologies and survive the digital tsunami.

 

Source: An Article from livemint.com

Indian IT sector has made India attain a strong position in the world economic scenario. IT sector in India accounted for nearly $150 billion worth of exports in the previous year.  India is the major sourcing destination for Information Technology and accounts for significant portion of the nearly USD 2,253 billion world market. The cost of IT skilled labor is 3 to 4 times less than what is found in U.S, U.K and other western countries. Hence, India with a huge English speaking and educated workforce is a lucrative option for outsourcing IT projects for Western countries. The introduction of GST has had a positive impact with little hiccups on the IT sector in India. Let us see the impact of GST:

 

 

Tax Regime for IT industry in India

The IT sector comprises of IT products and IT services which were earlier taxed with VAT and service tax. For IT products there is also additional excise duty. Previously VAT was 5% and service tax was 15% for IT products and services. But now there is only GST and there is no excise duty.

 

Previously the taxation was centralized with a central service tax office and all the transactions were done through it. Now there is an 111 points taxation, which requires registration in all 29 states and 37 jurisdictions. Small IT companies find it easy while large IT companies like MNC’s have a difficult procedure to follow. All the head offices and branch offices should be registered in the respective states.

 

The tax rate for IT services comes up to 18% to 20%, which is a considerable increase in tax for the IT services. While the tax rate for IT products was earlier 20% to 25% which included excise duty has been significantly reduced to 18% to 20% under GST. Hence, the IT services become costly to the end consumer and IT products become cheaper.

 

Under the new tax scheme, the clients and IT service providers can take full credit for their products and services and it reduces the cascading effect of the tax. The reduction in transaction costs of doing business increases the competitiveness and productivity of the IT industry. The manufacturers and exporters are on a profitable side with lesser tax and the phasing out of the central sales tax will reduce the cost of locally manufactured IT goods and IT services. India will be in a better position in the export market.

 

The new GST being introduced is a welcome step by the Central Government and the IT industry must embrace it with full arms. The IT industry must put in valuable inputs for GST and can vouch for reforms. I see GST, to be a positive move which will ensure our country’s development over a long run.

 

Source: An article from gst.caknowledge.in