Machines have been developed that do more and more legwork for humans. We used to load up planes and trains by hand, cut down trees with saws and axes and lift heavy loads by hand. Not anymore – as since the industrial revolution machines have taken the load from us. There is talk of another industrial revolution where machines will take over much of what we do with our brains from creativity, decision making and creativity.
This new industrial revolution – the age of the machines – is set to dominate more and more over the coming years. With the development of this new industrial revolution, which types of artificial intelligence and machine learning should organizations consider investing in?
Strategic planning is one area where artificial intelligence and machine learning will come to the forefront and may even see more critical decisions being made by machines, not humans. This will take the human element from strategic planning away and will have a pivotal role in the rise of “smart infrastructure”.
Humans have done a huge amount for creativity, especially when it comes to fine art and music. But with many artists today expressing their creativity digitally this opens up a huge investment potential in AI technologies that can assist the creative process. It is said that the next Mozart of Beethoven will be created because of artificial intelligence.
Artificial Intelligence Diagnosis in Healthcare
Artificial intelligence is even having a significant impact in healthcare. With several diagnostic tools now being developed that can match or even better the human capability for diagnosing key diseases, artificial intelligence is coming to the forefront of diagnosing heart disease, cancer and many other human conditions.
Computer Vision, Virtual Reality and Image Processing
Virtual reality has been around for many years, but it is only recently that it has started to drop its “clunky” features and be a form of artificial intelligence that is worth looking at.
Speech recognition and artificial intelligence is growing at an exponential rate, and with conversational user interfaces (CUI’s) for bots being at the heart of much of what is developed in the world of AI, they are definitely one to watch when looking for AI technologies to seek investment in.
Optical Character Recognition
Optical character recognition (OCR) tools have seen somewhat of a resurgence in recent times, and with new developments for these in the world of AI taking place it is another technology to consider investing in.
Facebook uses face recognition to identify users who appear in photos on the site who have not given their permission to do so, and there is plenty of scope for this technology to be developed further.
Algorithm as a Service
Algorithm as a Service (AaaS) is predicted to be the next big “Thing” in the Internet of Things and artificial intelligence, and this can be used to convert prototype data analytics algorithms into investable cloud-based products.
Handwriting recognition has been around for a long time but with advances in artificial intelligence, tools that can recognize handwriting and turn it into typed text are now near perfect.