Many of us may not be aware but Artificial Intelligence (AI) today is not just what we see in the Hollywood sci-fi flicks. AI-based applications are already a part of our day-to-day activities.
To understand how AI has affected people’s lives, consider this simple example. You might have used Siri and Google Now on your iOS and Android phone. These virtual assistants use AI to respond by finding you relevant information.
Also, consider the intelligent keyboards on smartphones that predict the next words a user may type or voice-activated assistants in smartphones and tablets capable of following voice commands and completing follow-on tasks. The machines have become far more intelligent than it is commonly realized.
The aforementioned examples are just small illustrations on how machine algorithms are assisting humans in their daily activities. This sort of machine assistance is being used in almost every field and sector that requires intelligence.
The world is slowly transitioning into an AI-powered system in which many sectors of our society are set to update along the incremental AI development. Automation, Natural Language Processing, Machine Learning and Data Science are already transforming our day to day lives.
While there are a lot of advances going on AI and its implications for jobs, skills and businesses globally, few have examined the specific impact AI could have in Nepal. With the country still struggling to transition digitally, AI technology might seem like a far cry.
However, if you consider the growth of Information Technology (IT) sector in Nepal, we can be optimistic about the potential Nepal holds. Nepal is one of the fastest growing markets in outsourcing Information Technology (IT). Also, a lot of innovative IT companies are mushrooming in Nepal. Although there is no exact data and figures, it is estimated that there are over 400 IT outsourcing companies in Nepal with more than 5000 employees. Even though IT outsourcing has become one of the fastest growing business sectors now, there is no exact data on the revenue of this industry. However, it is estimated that the revenue of IT companies could be up to millions of dollars.
Recently, there are IT companies in Nepal that are working to solve problems related to Artificial Intelligence, Big Data, and Data Science. One of such company is Fusemachines, Inc. Founded in 2012, Fusemachines has offices in New York, Canada, and Nepal with 140 plus employees. Fusemachines’ team includes the top 1% talent in Nepal trained in sub-field of Artificial Intelligence such as Machine Learning, Data Science and Natural Language Processing.
The aim of Fusemachines is to establish Nepal as one of the best places in South Asia for research and development of AI products. According to the CEO and Founder of Fusemachines, Dr. Sameer Maskey, “the world needs many AI engineers as AI penetrates many industries and Fusemachines seeks to train 1000 engineers to build many products. Nepal has a lot of talented engineers that could be trained to develop AI solutions.” He further says that these engineers will be able to help many companies in the world to realize their product dreams with Artificial Intelligence.
In order to scale AI training and generate an interest in AI to a wider student audience, Dr. Maskey along with the executive team at Fusemachineshave decided to create a training program to train AI engineers in Nepal. The training program, which willkickstart in January 2017, will provide the scholarship to 25 students worth 25 lakhs. Dr. Maskey believes these advanced skills on computer vision, language processing and big data, will help these engineers create momentum to jump start Artificial Intelligence research in Nepal.
About Fusemachines Nepal:
Fusemachines Nepal (previously Parakhi Dot Com) is the pioneer in the Nepali AI based IT market. The organization looks to provide a stepping stone to IT scholars with a keen interest in revolutionizing the AI industry in Nepal. To be acquainted with more, log in to www.fusemachines.com