A lot of confusion and theory is all over internet. To get a clear understanding of the various most paying careers in the coming decade are here.
Being an IITian, I have a lot of advantages in accessing these courses.
I have summarised briefly for the tier 2 and tier 3 college students
1) Machine learning - learning can be of three types (a) supervised learning (b) semi-supervised learning (c) unsupervised learning.
Machine learning is a subset of AI. It is basically the study of computer algorithms improving with experience. Means real life application of computer algorithms. This is the top domain trending and under it comes other subdomains in which career is also very successful.
2) Deep learning - It is a part of machine learning. It is based on artificial neural network with representation learning. This means as in our body we have neurons, veins and arteries. Similarly the knowledge carrying veins are drawn on paper. For example- if we have huge unorganised data, we can input this data in deep learning and with the help of machine learning algorithms, similarities and dissimilarities which can be of great use are displayed on the output.the process involved in this is multi layer extraction which gives some really important output.
This representation of information is called deep learning. This is a sub-domain of artificial intelligence.
3) Data Science - Like the science of chemicals is chemistry. The science of numbers is mathematics. Similarly, the science of dealing with data is data science. Data science is just a name. Under it comes various career options.
4) Data Analysis - in this models and hypothesis on data sets are analysed. The conclusion of the analysis is the required output. For example- raw data of the companies in Mumbai as input it, the output with the help of data analysis can give effective marketing strategy.
5) Big Data - The big amount of data used for data analysis is called big data. Big data is therefore used for taking out useful information for a company.
6) Data Consultant - This position is responsible for telling the company about how can big data be effectively used for creating various models and statistical histograms and charts.
Data Mining - it is a process to find out patterns in large data sets. Data mining uses machine learning, statistics and database management system for mining data.
* Data science and machine learning are the major subjects of computer science students only. Other branch students need to cover basic concepts of computer science first and then move to this career option. *
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