According to a report available on Radiant Insights, Inc., the worldwide artificial intelligence courses for C-suite executives market is likely to grow substantially by 2021.Increasing use of artificial intelligence (AI) for upgraded and cost-effective industrial operations and growing need for personnel with improved skill sets can propel the market during the forecast period (2017 to 2021).
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Industries are extensively implementing AI technology for efficient business operations. Growing demand for AI-based projects is a major driving factor for the market. Organizations are increasingly integrating AI machine learning, deep learning methodologies, and natural language processing with developing technology platforms such as Internet of Things (IoT).
Growing competition and changing trends are demanding new expertise from individuals. Corporate trainings are provided to executives to upgrade their knowledge according to current market trends. Therefore, organizations are combining in-house talent and technological resources with services offered by corporate training providers, the demand for which has increased in recent times. C-suite executives may pursue AI courses for additional skill sets and increase their eligibility as it can assist in transforming outdated work practices. After learning AI, C-suite executives can improve their business operations.
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Geographically, the market can be divided into North America, Europe, Asia Pacific, and ROW. North America has been an early adopter of AI technology. Growing job opportunities due to rising implementation of AI in many fields including biotechnology, healthcare, pharmaceutical, manufacturing, BFSI, automotive, and transportation will boost market growth in this region.
Europe is expected to exhibit momentous growth due to increasing adoption of cloud-based AI deployment as this form of deployment provides easy document control and quick on-demand access to data. Additionally, many private and public organizations are collecting domain-specific information issues including marketing, medical informatics, cyber security, and fraud detection. Big data with AI aid in analyzing such unstructured and unsupervised data by continuously refining each set of data.
The worldwide artificial intelligence courses for C-suite executives market can be fragmented on the basis of course type and learning model. Based on course type, the market can be classified into workshops and certification courses for C-suit executives. As per learning model, the market can be categorized into online learning and blended learning.
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Asia Pacific artificial intelligence courses for C-suite executive’s markets expected to show substantial growth due to remarkable rise in technological development and implementation of AI technology in end-use industries including healthcare and automotive. In addition, growing adoption of image and pattern recognition in this region can have a positive impact on the market.
Prominent course providers include American Institute of Artificial Intelligence (AiAi), Informed AI, AI-Academy, ASI Data Science, and Udacity. The market looks highly concentrated owing to existence of limited vendors providing AI courses. These vendors have widespread and strong influence worldwide. They compete with each other in terms of course structure, content, price, duration of course, mode of course delivery, and live projects. Training providers are also trying to attract more clients by offering cloud-based online courses, so learners may attend classes as per their convenience.
For instance, the NVIDIA Deep Learning Institute (DLI) recently introduced GPU-accelerated deep learning platforms. This course provides online training of deep learning for data scientists, developers, and researchers. It is accessible through various options such as on-premises and Amazon Elastic Compute Cloud (Amazon E2C).
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