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Category: Machine Learning Training

Deep Learning to Boost Ghost Hunting and Paleontology Efforts

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Deep Learning to Boost Ghost Hunting and Paleontology Efforts

Deep leaning technology is taking the world by storm. It is leaving no territory untouched, not even the world of dead! Yes, this robust technology has now started hunting ghosts – for real. Of late, Nature Communication even published a paper highlighting that a ghost population has even contributed to today’s genomes.

With the help of a demographic model structured on deep learning in an Approximate Bayesian Computation framework, it is now possible to delve into the evolutionary history of the Eurasian population in sync with the present-day genetic evidence. Since it is believed that all modern humans have originated Out of Africa, the evolutionary history of the Eurasian population has been identified by introgressions from currently extinct hominins. What’s more, talking about the unknown population, the researchers believe they either trace their roots to Neanderthal-Denisova clade or simply forked early from the Denisova lineage.

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If you want to take a look at the original paper, click here — www.nature.com/articles/s41467-018-08089-7

In addition, the study reflects how the fabulous technology of AI can be leveraged in paleontology. Whether it’s about discovering unpredictable ghosts or unraveling the fading footprints of the whole evolutionary journey, deep learning and AI are taking the bull (paleontology, in this respect) by its horns. According to the paper, researchers studied deep about the evolutionary process of Eurasian population, including past introgression events in OOA (Out of Africa) populations suiting the contemporary genetic evidence and they have produced several simulated evolutionary data, like the total size of ancestral human populations, the exact number of populations, the appropriate time when they branched out from one another, the rate at which they intermixed and so on. Besides, a wide number of simulated genomes for current-day humans have been launched.

The latest and very efficient deep learning method highlights the crucial importance of genomes – they can easily let you know which evolutionary models are most likely to reveal respective genetic patterns. Moreover, if you study closely, you will find that the culture of the entire industry has changed over the past few years. Advanced computers and technology modifications have achieved ‘things’ that were simply impossible with pen and paper a few years back. Perhaps, what’s more interesting is that our perspective of seeing data has changed completely. The potent advances in AI and machine learning have demystified the ways in which algorithms work leading to more concrete shreds of evidence and end-results, which were previously not possible with the age-old traditional methods.

The blog first appeared on— www.analyticsindiamag.com/deep-learning-uncovers-ghosts-in-modern-dna

Are you interested in artificial intelligence certification in Delhi NCR? DexLab Analytics is your go-to institute, which is specialized in imparting in-demand skill training courses. Be it artificial intelligence course, data science certification or Python Spark training, DexLab Analytics excels in all – for more information, contact us today.

 

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AI Jobs: What the Future Holds?

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AI Jobs: What the Future Holds?

Technological revolutions have always been challenging, especially how they influence and impact working landscapes. They either bring on an unforeseen crisis or prove a boon; however, fortunately, the latter has always been the case, starting from the innovation of steam engines to Turing machine to computers and now machine learning and artificial intelligence.

The crux of the matter lies in persistence, perseverance and patience, needed to make these high-end technologies work in the desired way and transform the resources into meaningful insights tapping the unrealized opportunities. Talking of which, we are here to discuss the growth and expansion of AI-related job scopes in the workplace, which is expected to generate around 58 million new jobs in the next couple of years. Are you ready?

Data Analysts

Internet of Things, Machine Learning, Data Analytics and Image Analysis are the IT technologies of 2019. An exponential increase in the use of these technologies is to be expected. Humongous volumes of data are going to be leveraged in the next few years, but for that, superior handling and management skill is a pre-requisite. Only expert consultants adept at hoarding, interpreting and examining data in a meaningful manner can strategically fulfill business goals and enhance productivity.

Interested in Machine Learning course in India? Reach us at DexLab Analytics.

IT Trainers

With automation and machine learning becoming mainstream, there is going to be a significant rise in the number of IT Trainer jobs. Businesses have to appoint these professionals for the purpose of two-way training, including human intelligence as well as machines. On one side, they will have to train AI devices to grasp a better understanding of human minds, while, on the other hand, the objective will be training employees so as to utilize the power of AI effectively subject to their job responsibilities and subject profiles. Likewise, there is going to be a gleaming need for machine learning developers and AI researchers who are equipped to instill human-like intelligence and intuition into the machines – making them more efficient, more powerful.

Man-Machine Coordinators

Agreed or not, the interaction between automated bots and human brainpower will lead to immense chaos – if not managed properly. Organizations have great hope in this man-machine partnership, and to ensure they work in sync with each other, business will seek experts, who can devise incredible roadmaps to tap newbie opportunities. The objective of this job profile is to design and manage an interaction system through which machines and humans can mutually collaborate and communicate their abilities and intentions.

Data Science Machine Learning Certification

Security Analysts

Security is crucial. The moment the world switched from offline to online, a whole lot of new set of crimes and frauds came into notice. To protect and safeguard confidential information and high-profile business identities, companies are appointing skilled professionals who are well-trained in tracking, protecting and recovering AI systems and devices from malicious cyber intrusions and attacks. Thus, skill and expertise in information security, networking and guaranteeing privacy is well-appreciated.

No wonder, a good number of jobs are going to dissolve with AI, but also, an ocean of new job opportunities will flow in with time. You just have to hone your skills and for that, we have artificial intelligence certification in Delhi NCR. In situations like this, these kinds of in-demand skill-training courses are your best bet.

 

The blog has been sourced from ―  www.financialexpress.com/industry/technology/artificial-intelligence-are-you-ready-for-ocean-of-new-jobs-as-many-old-ones-will-vanish/1483437

 


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5 Great Takeaways from Machine Learning Conference 2019

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5 Great Takeaways from Machine Learning Conference 2019

Machine Learning Developer Summit, one of the leading Machine Learning conferences of India, happening on the 30th and 31st of January 2019 in Bangalore, aims to assemble machine leaning and data science experts and enthusiasts from all over India. Organized by Analytics India Magazine, this high-level meeting will be the hotspot for conversing about the latest developments in machine learning. Attendees can gather immense knowledge from ML experts and innovators from top tech enterprises, and network with individuals belonging to data sciences. Actually, there are tons of rewards for those attending MLDS 2019. Below are some of the best takeaways:

  1. Creation of Useful Data Lake on AWS

In a talk by reputable Raghuraman Balachandran, Solutions Architect for Amazon Web Services, participants will learn how to design clean, dependable data lakes on AWS cloud. He shall also share his experienced outlook on tackling some common challenges of designing an effective data lake. Mr Balachandran will explain the process to store raw data – unstructured, semi-structured or completely structured – and processed data for different analytical uses.

Data lakes are the most used architectures in data-based companies. This talk will allow attendees to develop a thorough understanding of the concept, which is sure to boost their skill set for getting hired.

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  1. Improve Inference Phase for Deep Learning Models

Deep learning models require considerable system resources, including high-end CPUs and GPUs for best possible training. Even after exclusive access to such resources, there may be several challenges in the target deployment phase that were absent in the training environment.

Sunil Kumar Vuppala, Principal Scientist at Philips Research, will discuss methods to boost the performance of DL models during their inference phase. Further, he shall talk about using Intel’s inference engine to improve quality of DL models run in Tensorflow/Caffe/Keras via CPUs.

  1. Being more employable amid the explosive growth in AI and its demand

The demand for AI skills will skyrocket in future – so is the prediction of many analysts considering the extremely disruptive nature of AI. However, growth in AI skills isn’t occurring at the expected rate. Amitabh Mishra, who is the CTO at Emcure Pharmaceuticals, addresses the gap in demand and development of AI skills, and shall share his expert thoughts on the topic. Furthermore, he will expand on the requirements in AI field and provide preparation tips for AI professionals.

  1. Walmart AI mission and how to implement AI in low-infrastructure situations

In the talk by Senior Director of Walmart Lab, Prakhar Mehrotra, audiences get a view of Walmart’s progress in India. Walmart Lab is a subsidiary of the global chain Walmart, which focuses on improving customer experience and designing tech that can be used with Merchants to enhance the company’s range. Mr Mehrotra will give details about Wallmart’s AI journey, focusing on the advancements made so far.

  1. ML’s important role in data cleansing

A good ML model comes from a clean data lake. Generally, a significant amount of time and resources invested in building a robust ML model goes on data cleansing activities. Somu Vadali, Chief of Future Group’s CnD Labs Data and Products section, will talk about how ML can be used to clean data more efficiently. He will speak at length about well-structured processes that allow organizations to shift from raw data to features in a speedy and reliable manner. Businesses may find his talk helpful to reduce their time-to-market for new models and increase efficiency of model development.

Machine learning is the biggest trend of IT and data science industry. In fact, day by day it is gaining more prominence in the tech industry, and is likely to become a necessary skill to get bigger in all fields of employment. So, maneuver your career towards excellence by enrolling for machine learning courses in India. Machine learning course in Gurgaon by DexLab Analytics is tailor-made for your specific needs. Both beginners and professionals find these courses apt for their growth.

 

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Being a Statistician Matters More, Here’s Why

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Being a Statistician Matters More, Here’s Why

Right data for the right analytics is the crux of the matter. Every data analyst looks for the right data set to bring value to his analytics journey. The best way to understand which data to pick is fact-finding and that is possible through data visualization, basic statistics and other techniques related to statistics and machine learning – and this is exactly where the role of statisticians comes into play. The skill and expertise of statisticians are of higher importance.

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Below, we have mentioned the 3R’s that boosts the performance of statisticians:

Recognize – Data classification is performed using inferential statistics, descriptive and diverse other sampling techniques.

Ratify – It’s very important to approve your thought process and steer clear from acting on assumptions. To be a fine statistician, you should always indulge in consultations with business stakeholders and draw insights from them. Incorrect data decisions take its toll.

Reinforce – Remember, whenever you assess your data, there will be plenty of things to learn; at each level, you might discover a new approach to an existing problem. The key is to reinforce: consider learning something new and reinforcing it back to the data processing lifecycle sometime later. This kind of approach ensures transparency, fluency and builds a sustainable end-result.

Now, we will talk about the best statistical techniques that need to be applied for better data acknowledgment. This is to say the key to becoming a data analyst is through excelling the nuances of statistics and that is only possible when you possess the skills and expertise – and for that, we are here with some quick measures:

Distribution provides a quick classification view of values within a respective data set and helps us determine an outlier.

Central tendency is used to identify the correlation of each observation against a proposed central value. Mean, Median and Mode are top 3 means of finding that central value.

Dispersion is mostly measured through standard deviation because it offers the best scaled-down view of all the deviations, thus highly recommended.

Understanding and evaluating the data spread is the only way to determine the correlation and draw a conclusion out of the data. You would find different aspects to it when distributed into three equal sections, namely Quartile 1, Quartile 2 and Quartile 3, respectively. The difference between Q1 and Q3 is termed as the interquartile range.

While drawing a conclusion, we would like to say the nature of data holds crucial significance. It decides the course of your outcome. That’s why we suggest you gather and play with your data as long as you like for its going to influence the entire process of decision-making.

On that note, we hope the article has helped you understand the thumb-rule of becoming a good statistician and how you can improve your way of data selection. After all, data selection is the first stepping stone behind designing all machine learning models and solutions.

Saying that, if you are interested in learning machine learning course in Gurgaon, please check out DexLab Analytics. It is a premier data analyst training institute in the heart of Delhi offering state-of-the-art courses.

 

The blog has been sourced from — www.analyticsindiamag.com/are-you-a-better-statistician-than-a-data-analyst

 

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The Soaring Importance of Apache Spark in Machine Learning: Explained Here

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The Soaring Importance of Apache Spark in Machine Learning: Explained Here

Apache Spark has become an essential part of operations of big technology firms, like Yahoo, Facebook, Amazon and eBay. This is mainly owing to the lightning speed offered by Apache Spark – it is the speediest engine for big data activities. The reason behind this speed: Rather than a disk, it operates on memory (RAM). Hence, data processing in Spark is even faster than in Hadoop.

The main purpose of Apache Spark is offering an integrated platform for big data processes. It also offers robust APIs in Python, Java, R and Scala. Additionally, integration with Hadoop ecosystem is very convenient.

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Why Apache Spark for ML applications?

Many machine learning processes involve heavy computation. Distributing such processes through Apache Spark is the fastest, simplest and most efficient approach. For the needs of industrial applications, a powerful engine capable of processing data in real time, performing in batch mode and in-memory processing is vital. With Apache Spark, real-time streaming, graph processing, interactive processing and batch processing are possible through a speedy and simple interface. This is why Spark is so popular in ML applications.

Apache Spark Use Cases:

Below are some noteworthy applications of Apache Spark engine across different fields:

Entertainment: In the gaming industry, Apache Spark is used to discover patterns from the firehose of real-time gaming information and come up with swift responses in no time. Jobs like targeted advertising, player retention and auto-adjustment of complexity levels can be deployed to Spark engine.

E-commerce: In the ecommerce sector, providing recommendations in tandem with fresh trends and demands is crucial. This can be achieved because real-time data is relayed to streaming clustering algorithms such as k-means, the results from which are further merged with various unstructured data sources, like customer feedback. ML algorithms with the aid of Apache Spark process the immeasurable chunk of interactions happening between users and an e-com platform, which are expressed via complex graphs.

Finance: In finance, Apache Spark is very helpful in detecting fraud or intrusion and for authentication. When used with ML, it can study business expenses of individuals and frame suggestions the bank must give to expose customers to new products and avenues. Moreover, financial problems are indentified fast and accurately.  PayPal incorporates ML techniques like neural networks to spot unethical or fraud transactions.

Healthcare: Apache Spark is used to analyze medical history of patients and determine who is prone to which ailment in future. Moreover, to bring down processing time, Spark is applied in genomic data sequencing too.

Media: Several websites use Apache Spark together with MongoDB for better video recommendations to users, which is generated from their historical data.

ML and Apache Spark:

Many enterprises have been working with Apache Spark and ML algorithms for improved results. Yahoo, for example, uses Apache Spark along with ML algorithms to collect innovative topics than can enhance user interest. If only ML is used for this purpose, over 20, 000 lines of code in C or C++ will be needed, but with Apache Spark, the programming code is snipped at 150 lines! Another example is Netflix where Apache Spark is used for real-time streaming, providing better video recommendations to users. Streaming technology is dependent on event data, and Apache Spark ML facilities greatly improve the efficiency of video recommendations.

Spark has a separate library labelled MLib for machine learning, which includes algorithms for classification, collaborative filtering, clustering, dimensionality reduction, etc. Classification is basically sorting things into relevant categories. For example in mails, classification is done on the basis of inbox, draft, sent and so on. Many websites suggest products to users depending on their past purchases – this is collaborative filtering. Other applications offered by Apache Spark Mlib are sentiment analysis and customer segmentation.

Conclusion:

Apache Spark is a highly powerful API for machine learning applications. Its aim is wide-scale popularity of big data processing and making machine learning practical and approachable. Challenging tasks like processing massive volumes of data, both real-time and archived, are simplified through Apache Spark. Any kind of streaming and predictive analytics solution benefits hugely from its use.

If this article has piqued your interest in Apache Spark, take the next step right away and join Apache Spark training in Delhi. DexLab Analytics offers one the best Apache Spark certification in Gurgaon – experienced industry professionals train you dedicatedly, so you master this leading technology and make remarkable progress in your line of work.

 

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Know the 5 Best AI Trends for 2019

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Know the 5 Best AI Trends for 2019

Artificial Intelligence is perhaps the greatest technological advancement the world has seen in several decades. It has the potential to completely alter the way our society functions and reshape it with new enhancements. From our communication systems to the nature of jobs, AI is likely to restructure everything.

‘Creative destruction’ has been happening since the dawn of human civilization. With any revolutionary technology, the process just speeds up significantly. AI has unleashed a robust cycle of creative destruction across all employment sectors. While this made old skills redundant, the demand and hence acquisition of superior skills have shot up.

The sweeping impact of AI can be felt from the fact that the emerging AI rivalry between USA and China is hailed as ‘The New Space Race’! Among the biggest AI trends of 2018 was China’s AI sector – it came under spotlight for producing more AI-related patents and startups compared to the US. This year, the expectations and uncertainties regarding AI both continue to rise. Below we’ve listed the best AI trends to look out for in 2019:

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AI Chipsets

AI wholly relies on specialized processors working jointly with CPU. But, the downside is that even the most innovative and brilliant CPUs cannot train an AI model. The model requires additional hardware to carry out higher math calculations and sophisticated tasks such as face recognition.

In 2019, foremost chip manufacturers like Intel, ARM and NVidia will produce chips that boost the performance speed of AI-based apps. These chips will be useful in customized applications in language processing and speech recognition. And further research work will surely result in development of applications in fields of automobiles and healthcare.

Union of AI and IoT

This year will see IoT and AI unite at edge computing more than ever. Maximum number of Cloud-trained models shall be placed at the edge layer.

AI’s usefulness in IoT applications for the industrial sector is also anticipated to increase by leaps and bounds. This is because AI can offer revolutionary precision and functionality in areas like predictive maintenance and root cause analysis. Cutting edge ML models based on neural networks will be optimized along with AI.

IoT is emerging as the chief driver of AI for enterprises. Specially structured AI chips shall be embedded on majority of edge devices, which are tools that work as entry points to an entire organization or service provider core networks.

Upsurge of Automated ML

With the entry of AutoML (automated Machine Learning) algorithms, the entire machine learning subject is expected to undergo a drastic change. With the help of AutoML, developers can solve complicated problems without needing to create particular models. The main advantage of automated ML is that analysts and other professionals can concentrate on their specific problem without having to bother with the whole process and workflow.

Cognitive computing APIs as well as custom ML tools perfectly adjust to AutoML. This helps save time and energy by directly tackling the problem instead of dealing with the total workflow. Because of AutoML, users can enjoy flexibility and portability in one package.

AI and Cyber security

The use of AI in cybersecurity is going to increase by a significant measure because of the following reasons: (i) there a big gap between the availability and requirement of cybersecurity professionals, (ii) drawbacks of traditional cybersecurity and (iii) mounting threats of security violations that necessitate innovative approaches. Depending on AI doesn’t mean human experts in the field will no longer be useful. Rather, AI will make the system more advanced and empower experts to handle problems better.

As cybersecurity systems worldwide are expanding, there’s need to cautiously supervise threats. AI will make these essential processes less vulnerable and way more efficient.

Need for AI Skilled Professionals:

In 2018, it was stated that AI jobs would be the highest paying ones and big enterprises were considering AI reskilling. This trend has been carried over to 2019. But companies are facing difficulties trying to bridge the AI skills gap in their employees.

Having said that, artificial intelligence can do wonders for your career if you’re a beginner or advanced employee working with data or technology. In Delhi, you’ll find opportunities to enroll for comprehensive artificial intelligence courses. DexLab Analytics, the premier data science and AI training institute, offers advanced artificial intelligence certification in Delhi NCR. Check out the course details on their website.

 

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Decoding the Equation of AI, Machine Learning and Python

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Decoding the Equation of AI, Machine Learning and Python

AI is an absolute delight. Not only is it considered one of the most advanced fields in the present computer science realm but also AI is a profit-spinning tool leveraged across diverse industry verticals.

In the past few years, Python also seems to be garnering enough fame and popularity. Ideal for web application development, process automation, web scripting, this wonder tool is a very potent programming language in the world. But, what makes it so special?

Owing to ease of scalability, learning and adaptability of Python, this advanced interpreted programming language is the fastest growing global language. Plus, its ever-evolving libraries aid it in becoming a popular choice for projects, like mobile app, data science, web app, IoT, AI and many others.

Python, Machine Learning, AI: Their Equation

Be it startups, MNCs or government organizations, Python seem to be winning every sector. It provides a wide array of benefits without limiting itself to just one activity – its popularity lies in its ability to combine some of the most complex processes, including machine learning, artificial intelligence, data science and natural language processing.

Deep learning can be explained as a subset of a wider arena of machine learning. From the name itself you can fathom that deep learning is an advanced version of machine learning where intelligence is being harnessed by a machine generating an optimal or sub-optimal solution.

Combining Python and AI

Lesser Coding

AI is mostly about algorithms, while Python is perfect for developers who are into testing. In fact, it supports writing and execution of codes. Hence, when you fuse Python and AI, you drastically reduce the amount of coding, which is great in all respects.

Encompassing Libraries

Python is full of libraries, subject to the on-going project. For an instance, you can use Numpy if you are into scientific computation – for advanced computing, you have put your bet on SciPy – whereas, for machine learning, PyBrain is the best answer.

A Host of Resources

Entirely open source powered by a versatile community, Python provides incredible support to developers who want to learn fast and work faster. The huge community of web developers are active worldwide and willing to offer help at any stage of the development cycle.

Better Flexibility

Python is versatile. It can be used for a variety of purposes, right from OOPs approach to scripting. Also, it performs as a quintessential back-end and successfully links different data structures with one another.

Perfect for Today’s Millennial

Thanks to its flexibility and versatility, Python is widely popular amongst the millennials. You might be surprised to hear that it is fairly easier to find out Python developers than finding out Prolog or LISP programmers, especially in some countries. Encompassing libraries and great community support helps Python become the hottest programming language of the 21st century.

Data Science Machine Learning Certification

Some of the most popular Python libraries for AI are:

  • AIMA
  • pyDatalog
  • SimpleAI
  • EasyAI

Want to ace problem-solving skills and accomplish project goals, Machine Learning Using Python is a sure bet. With DexLab Analytics, a recognized Python Training Center in Gurgaon, you can easily learn the fundamentals and advance sections of Python programming language and score goals of success.

 

The blog has been sourced from ― www.information-age.com/ai-machine-learning-python-123477066

 


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AI in Cyber Security: Knowing the Difference between Machine Learning and Deep Learning

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AI in Cyber Security: Knowing the Difference between Machine Learning and Deep Learning

The need of the hour in business world is continuous innovation in the field of cyber security. Security vendors constantly brainstorm ideas and methods that’ll keep them ahead of cybercriminals. The gravity of the problem can be understood from a report by Sophos which mentions that almost 50% of Australian businesses were affected by ransomware attacks in 2017.

To keep functioning amidst such threats, businesses require innovative technologies, and artificial intelligence is one such tool that has become vital for cyber security.

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Artificial Intelligence

AI is a trendy term now, thanks to blockbuster Bollywood movies made on AI!

AI is an all-embracing principle that includes a number of technologies─ machine learning and deep learning being important ones among them. Basically, artificial intelligence enables machines to learn on their own from experience, modify techniques when fed with new data sets and carry out tasks that are human-like. When the principles of AI are applied to cyber security, we call it predictive security. AI helps to identify and check if files contain malware, which is carried out with the help of machine learning as well as deep learning. Although these two branches use similar AI principles, the two fields are fundamentally very different.

Moving on, let’s explore their basic differences.

Machine Learning

Machine learning is an artificial system that learns from examples and generates knowledge from past experiences. ML technology doesn’t simply memorize examples; rather it picks up laws and patterns and applies it later where relevant.

Considering today’s advanced threat landscape, conventional approaches fail to offer strong protection to a system. Malware programs are sometimes designed to make slight changes and breach traditional systems. In such situations, machine learning can be a better security option as it can detect these unknown and modified malwares too.

An important advantage of machine learning is that it keeps evolving and improving as it is used more and fed with more data. Machine learning algorithms scrutinize file elements in order to comprehend the nature of attacks, which includes simple things like file size as well as complex things like part of codes.

Deep Learning

The benefits of employing machine learning techniques in cyber security are numerous. However, it has some drawbacks too, which can be overcome with deep learning. The main limitations of ML are its inability to handle many variables at once, requirement of huge computing powers and using up a lot of space. In deep learning, unstructured data is stored in neural networks and decisions are made using predictive reasoning, which is modeled on the workings of human brain. This structure has potential to manage numerous points of information without hampering speed of the system.

Deep learning can form better idea of the big picture because it doesn’t include programs designed to solve a particular problem, rather it includes mathematical models that learn over time. A model is developed such that it can explain well what it ‘’sees’’. For this, large amount of data is used, such as trends, malicious URLs and other modes of attacks.

Cyber attackers need to be correct in their methods only once in order to breach an enterprise. On top of that, security threats are becoming more innovative each day. Hence, technologies like deep learning and machine learning need to be the founding stones of modern security systems. Understandably, these skills are also very high in demand. Artificial Intelligence certification courses are hugely popular. If this subject interests you, then don’t delay in enrolling for deep learning courses in Delhi or machine learning courses in Gurgaon from leading institute DexLab Analytics.

 
Reference: www.cso.com.au/article/648861/artificial-intelligence-vs-machine-learning-vs-deep-learning-what-difference
 

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A Success Story: Evolution of India’s Startup Ecosystem in 2018

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A Success Story: Evolution of India’s Startup Ecosystem in 2018

India’s startup ecosystem is gaining accolades. Steering away from the conventional, India’s young generation is pursuing the virgin path of entrepreneurship by ditching lucrative job offers from MNCs and government undertakings – the entire industry is witnessing an explosion of cutting-edge startups addressing real problems, framing solutions and satisfying mass level.

Interestingly, 2018 has been the year of success for Indian startups or entrepreneurs venturing into the promising unknown. Why? In total, 8 Indian startups, namely Oyo, Zomato, Paytm Mall, Udaan, Swiggy, Freshworks, Policybazaar and Byju’s crossed the $1 billion net worth mark this year and joined the raft of most-revered 18 Indian unicorns.

Besides attracting investments from domestic venture capitalists, these startups are bathed in global investments – foreign investors pumped in vast amounts on our homegrown startups to capitalize their activities. Thanks to their generosity, India proudly ranks as the 3rd largest startup ecosystem in the world, next to the United Nations and United Kingdom with its 7, 700 tech startups.

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Nevertheless, our phenomenal startup ecosystem has some grey areas too, which are addressed below:

Startup Initiatives

No doubt, the Indian government is taking conscious efforts to support the startup culture in the country, and for that Prime Minister, Narendra Modi has initiated the Startup India Programme. It is a noble step towards ensuring continuous creation and smooth functioning of fresh startups in India with technology in tow.

Thanks to technology, startups growth seemed to be 50% more dynamic this year!

Fund Generation

As compared to struggling years of 2017 and before, 2018 has been the year of driving investments. India experienced a 108% growth in total funding process, a big jump from $2 billion to $4.2 billion. Though investments at later stages skyrocketed, a decline was witnessed in the early stages during funding companies.

“In terms of overall funding, it is a good story. However, we are seeing a continuous decline in seed stage funding of startup companies. If you fall at the seed stage, innovation is hit. It is the area, which needs protection,” shared NASSCOM president Debjani Ghosh, which remains a matter of concern.

Employment Opportunities

Of course, the new startups push job creation numbers. It enhances the employment opportunities. Of late, NASSCOM reported that the epic growth in startup ecosystem resulted in creation of more than 40000 new direct jobs, while indirect jobs soared manifold. Today, the total strength of Indian startup landscape stands at 1.7 Lakh.

In the wake of powerful female voices and gender-neutral campaigns, our domestic startup ecosystem witnessed how women employees called the shots. The numbers of women employees spiked to 14% from 10% and 11% in the last two years, consecutively.

Global Position

Globally, India ranks as the 3rd biggest startup ecosystem in the world, and Bengaluru is the kernel of tech revolution. A report mentioned India’s significance in recording the highest number of startup set ups after Silicon Valley and London across the globe.

Quite interestingly, 40% of startups are launched in Tier 2 and 3 cities, indicating a steady rise of startup culture outside prime cities like Mumbai, Bengaluru and Delhi NCR.

With technology and startup leading the show, it’s high time you expand your in-demand skills of machine learning and data analytics. How? Opt for a good Machine Learning Course in India. It’s a surefire way to learn the basics and hone already learnt skills. For more information on Machine Learning Using Python, drop by DexLab Analytics!

 
The blog has been sourced from ― www.entrepreneur.com/article/322409
 

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