It is a fact that Artificial Intelligence is no longer just a sci-fi hype anymore, but is in fact a major reality. The approached based on Artificial Intelligence like Natural Language Processing (NLP), Machine Learning (ML) and Deep Learning are slowly emerging to be highly realistic technologies within the industry.
Today we have a very efficient NLP engine system, which is as powerful as ML and deep learning algorithms available. In a recent article, published on WIRED we read about the perpetual death of code (i.e. programs and programming) and how we will soon be training in systems, just as the way we train our pets!
Machine Learning is the same as learning from examples and experiences just like in real life. It is all about digesting huge volumes of data. We see great new developments within the industry such as IBM and Memorial Sloan Kettering are training Watson in things like Oncology by making use of massive amounts of patient medical records throughout the world. Watson learns from knowing how doctors are treating patients with cancer around the globe, just as how a medical student learns but only on a much larger scale.
Another great example of machine learning is from Japan. The farmers here are cultivating crispy fresh cucumbers with several prickles on them. The straight and thick cucumbers with a vibrant colour and lots of prickles are known to be of premium grade quality. Each cucumber has a different colour, quality, shape and freshness. They are sorted into nine different classes based on their size, shape, texture, colour, the amount of small scratches and whether or not they are crooked, along with the most important part of the amount of prickles on them. However, there is not well-defined instruction set for the classification of cucumbers in Japan.
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A farmer and agricultural scientist Makoto Koike has been studying this problem for several years now, and has been helping his farmer parents sort out cucumbers. But now with the use of Google’s TesorFlow based machine learning algorithm, he has been able to develop a system that learns from the precise way his parents have been sorting cucumbers in their farm. For achieving this, he had trained his system by using 7000 images of cucumbers that have been sorted by his mother, and at present the system classifies cucumbers with a much better rate of success and that too at a rapid speed.
Companies like Capgemeni have been making use of the technology of IBM’s Watson to improve efficiency and effectiveness in the resource supply chain.
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It is predicted that the AI wave will definitely take the industry by storm and have a profound impact on almost all business and transform the present technology climate.
Moreover, we need to quickly turn our businesses into an AI-based approach along with implementation of Machine Learning, which will be supported by NLP and OCR (optical character recognition), speech recognition, and image recognition.
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But reacting to this new demand for technology also needs AI and will bring newer challenges on board. The first being, change can only happen when the stakeholders of the company believe in the same. But sadly, many employees and managers do not believe in the capabilities of AI until they experience it on their own. It is for those who believe and develop their required skills and embrace the impending digital evolution that is destined to flourish.
However, secondly companies must address the problem of how to deal with the possible cannibalization of the existing revenues in order to adopt these new technologies. And finally, the lack of skill in the world of technology will make it even harder to build and expand AI capabilities.
Nevertheless, due to an industry boom, over the past 20 years a large percentage of the existing staff has skills that are almost obsolete and will not have new ones. Thus, this will bring an interesting future journey for the tech industry.
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