From the course: Microsoft Azure AI Essentials: Workloads and Machine Learning on Azure

Importance of learning AI

From the course: Microsoft Azure AI Essentials: Workloads and Machine Learning on Azure

Importance of learning AI

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- [Presenter] AI has been changing the business landscape and Microsoft Azure has enabled companies to be AI-ready, and that is why you need to equip yourself with AI skills. In September 2023, a Microsoft-commissioned IDC study that surveyed over 2,000 global business leaders and decision-makers was published with some interesting findings. AI brings strong returns. For every $1 invested, companies earn an average of $3.50 with 5% of them seeing returns as high as $8. AI implementation is fast. 92% of deployments are completed within 12 months and 40% in under six months. ROI is also swift. Organizations see returns in an average of around 14 months. Customer satisfaction, employee productivity, and market share all saw an 18% increase. However, 52% were unable to scale AI due to a lack of skilled workers. In May 2024, another Microsoft-commissioned Forrester study explored how Microsoft Azure helped companies become AI-ready. More specifically, it measured the total economic impact of migrating to Microsoft Azure for AI-readiness. Forrester found that AI and machine learning deployment and operational costs on Azure were reduced by 70% and 15% respectively compared to on-premises infrastructure. They also found that most companies using Azure Cloud had an easier time scaling and more flexibility to innovate their AI and machine learning applications than with on-premises infrastructure. Finally, also in May 2024, Microsoft and LinkedIn published the Work Trend Index Annual Report, showing how AI is shaping the job market. Leaders are prioritizing candidates with AI skills. 66% of leaders wouldn't hire someone without AI skills. 71% would prefer hiring a less experienced candidate with AI skills over a more experienced candidate without them. Junior candidates gain an edge. 77% of leaders say AI will allow them to take on more responsibility. In addition, professionals are taking the initiative, learning AI skills on their own. 76% believe AI skills are essential to stay competitive. 69% think AI skills can accelerate promotions, and 79% think they can broaden job opportunities. In summary, learning AI is essential today and Microsoft Azure can help you get there.

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