• CERTIFICATE
    • Eminent VARs of India
    • Best OEM 2023
  • SYNDICATION
    • AMD
    • DELL TECHNOLOGIES
    • HITACHI
    • LOGMEIN
    • MICROSOFT
    • RIVERBED
    • STORAGECRAFT
    • THALES
  • EVENTS
  • GO DIGITAL
  • INFOGRAPHICS
  • PRESS
    • Press Release PR News Wire
    • Press Release Business Wire
    • GlobeNewsWire
  • SPECIAL
    • WHITE PAPER
    • TECHNOMANIA
    • SME
    • SMART CITY
    • SERVICES
    • EDITOR SPEAK
    • CSR INITIATIVES
    • CHANNEL GURU
    • CHANNEL CHIEF
    • CASE STUDY
  • TECHTREND
    • VAR PANCHAYAT
    • TELECOM
    • SOFTWARE
    • POWER
    • PERIPHERALS
    • NETWORKING
    • LTE
    • CHANNEL BUZZ
    • ASK AN EXPERT
  • SUBSCRIBE
  • Apps
  • Gaming
  • KDS
  • Security
  • Telecom
  • WFH
  • Subscriber to Newsletter
  • April Issue
  • Blogs
  • Vlogs
  • Faceoff AI
    

HOME
NEWS

The vast scope of AI/ML and its potential


By VARINDIA - 2019-08-01
The vast scope of AI/ML and its potential

Artificial Intelligence and Machine Learning are creating a lot of buzz in the industry. With fast growing users and abundant amount of data available on the internet, it helps to derive trends of data application via AI and ML techniques for the users/consumers.

 

Every person using a mobile and internet is utilising AI and ML technologies. When they are browsing the internet, the relevant ads that pop-up on the Google search engine are aided by AI and ML.

 

What is Artificial Intelligence and Machine Learning?

 

Machine Learning (ML) - it can be defined as the acquisition of knowledge or skill. Any analysis done for ML is done on acquired data, to train a system

 

Artificial Intelligence (AI) – it emphasizes the creation of intelligent systems that work via cognition like humans. Algorithms are used to deduce from the data and define automated action to be performed by machine/system, which further reduces workload for the humans. AI and ML are already big with online sales and e-commerce business domains.

 

Examples of how AI and ML are helping:

 

Traffic Predictions: It is helping to predict traffics by using GPS navigation services. All our current locations and velocities are being saved at a central server for managing traffic and this data is then used to build a map of current traffic. While this is helping to prevent traffic and does congestion analysis, the underlying problem is that there are less number of cars that are equipped with GPS. In this scenario, Machine Learning helps to estimate the regions where congestion can be found based on daily experiences.

Videos Surveillance: Powered by AI, video surveillance system is making it possible detect crime by tracking unusual behaviour of people, like standing motionless for a long time, stumbling, or napping on benches etc. The system can help to avoid mishaps by alerting human attendants. When such activities are reported and counted to be true, they help to improve the surveillance services, it proves that Machine Learning is doing its job.

 

Other ways in which AI and ML is helping:

 

Evolutionary Computation: It is an Artificial Intelligence subfield that is closely linked to computational intelligence, involving lots of combinatorial optimization problems and continuous optimization. This subfield is employed in problem-solving systems that use computational models with evolutionary processes as the key design elements.

 

Expert Systems: these are the computer applications which are developed to solve complex problems in a particular domain, at the level of extra-ordinary human intelligence and expertise.

Robotics: Robotics is a branch of AI, composed of different branches and application of robots. AI Robots are artificial agents who act in the real-world environment, aimed to manipulate objects by perceiving, picking, moving and destroying it.

Natural Language Processing (NLP): NLP refers to AI method of communicating with an intelligent system using a natural language such as English. Processing of NLP is required when you want an intelligent system like robot to perform as per human instructions, when you want to hear decision from a dialogue based clinical expert system etc.

Neutral Networks: These are a popular target representation for learning and these networks are inspired by the neurons in the brain but do not actually stimulate neurons. Artificial Neural Networks (ANNs0 are statistical models directly inspired by and partially modelled on biological neutral networks. They are capable of modelling and processing non-linear relationships between inputs and outputs in parallel. This is mainly used to do the analysis of the data in the Machine Learning.

Based on the thought process and intelligent actions taken by human brain the elements of Artificial Intelligence are derived. The below picture depicts the elements of Artificial Intelligence.

Potential of AI and ML: According to a report by Price Water Cooper Global – ‘By 2030, AI will be contributing USD $15.7 trillion to the businesses worldwide’. The potential usage of AI into the businesses for products, lifestyle and services is tapped very little. There are already a lot of online trainings available and some even guarantee placements for aspiring professionals across the globe. AI will not reduce jobs but will be helpful for data analysts and scientists.

 

Flow diagram of the Machine Learning and Artificial Intelligence systems

 

Examples of AI and ML affecting daily lives:

Automated tech support and online chatbots are already supported for many e-commerce sites

Voice assistants supporting the search engines, like Siri, Alexa and Cortana

Facial Recognition – pattern matching AI techniques, like iPhone X unlocking, driver fatigue check in a car

Shopping malls sending alerts based on lifestyle and interest criteria – taking searching engine data

 

Possibilities of AI / ML:

 

Improved product recommendations – user’s browsing habits across the IT domain can improve recommendation engine and give bigger surface area for Sales team. It can improve online product recommendation for customers

Customer Segmentations – Classification in ML can help the segmentation/personas of the users. Customize the UI layout based on the segmentation

Order code sequencing – Show most frequently searched order code/bought order code at the top of the buying list

Portal Access – Based on customer IP address/geo location history, user’s login behaviour can be predicted, and if that changes abruptly, extra layers of authentication and security can be activated

Smart inventory and Supply Chain predictability – AI built based on customer growth and customers’ purchase history can be leveraged in building Smart Inventory System and optimizing the Supply chain

Document Retrieval – applying filters for product selection based on user phrases

Predict system failures – deep learning algorithm to predict system failures and how it impacts customers

Voice recognition commands and smart searches – find product and tech support, using any keyword

 

Sita T,
Director Software Engineering, Dell Technologies

See What’s Next in Tech With the Fast Forward Newsletter

SECURITY
View All
Zscaler announces AI innovations to its Data Protection Platform
Technology

Zscaler announces AI innovations to its Data Protection Platform

by VARINDIA 2024-05-20
SHIELD to enhance Swiggy’s fraud prevention and detection capabilities
Technology

SHIELD to enhance Swiggy’s fraud prevention and detection capabilities

by VARINDIA 2024-05-20
Axis Communications announces its first thermometric camera designed for Zone/Division 2
Technology

Axis Communications announces its first thermometric camera designed for Zone/Division 2

by VARINDIA 2024-05-20
SOFTWARE
View All
Hitachi Vantara and Veeam announce Global Strategic Alliance
Technology

Hitachi Vantara and Veeam announce Global Strategic Alliance

by VARINDIA 2024-05-16
Adobe launches Acrobat AI Assistant for the Enterprise
Technology

Adobe launches Acrobat AI Assistant for the Enterprise

by VARINDIA 2024-05-11
Oracle Database 23ai offers the power of AI to Enterprise Data and Applications
Technology

Oracle Database 23ai offers the power of AI to Enterprise Data and Applications

by VARINDIA 2024-05-10
START - UP
View All
Data Subject Access Request is an integrated module within ID-REDACT®
Technology

Data Subject Access Request is an integrated module within ID-REDACT®

by VARINDIA 2024-04-30
SiMa.ai Secures $70M Funds from Maverick Capital
Technology

SiMa.ai Secures $70M Funds from Maverick Capital

by VARINDIA 2024-04-05
Sarvam AI collaborates with Microsoft to bring its Indic voice LLM to Azure
Technology

Sarvam AI collaborates with Microsoft to bring its Indic voice LLM to Azure

by VARINDIA 2024-02-08

Tweets From @varindiamag

Nothing to see here - yet

When they Tweet, their Tweets will show up here.

CIO - SPEAK
Automation has the potential to greatly improve efficiency and production

Automation has the potential to greatly improve efficiency and production

by VARINDIA
Various approaches are followed to enhance efficiency, productivity, and cost-effectiveness

Various approaches are followed to enhance efficiency, productivity, and cost-effectiveness

by VARINDIA
Technology can be leveraged in several ways to boost efficiency, productivity and reduce cost

Technology can be leveraged in several ways to boost efficiency, productivity and reduce cost

by VARINDIA
Start-Up and Unicorn Ecosystem
GoDaddy harnesses AI power for new domain name recommendations

GoDaddy harnesses AI power for new domain name recommendations

by VARINDIA
UAE’s du Telecom selects STL as a strategic fibre partner

UAE’s du Telecom selects STL as a strategic fibre partner

by VARINDIA
JLR and Dassault Systèmes extend partnership for All Vehicle Programs worldwide

JLR and Dassault Systèmes extend partnership for All Vehicle Programs worldwide

by VARINDIA
Rapyder partners with AWS to accelerate Generative AI led innovation

Rapyder partners with AWS to accelerate Generative AI led innovation

by VARINDIA
ManageEngine integrates its SIEM solution with Constella Intelligence

ManageEngine integrates its SIEM solution with Constella Intelligence

by VARINDIA
Elastic replaces traditional SIEM game with AI-driven security analytics

Elastic replaces traditional SIEM game with AI-driven security analytics

by VARINDIA
Infosys and ServiceNow to transform customer experiences with generative AI-powered solutions

Infosys and ServiceNow to transform customer experiences with generative AI-powered solutions

by VARINDIA
Crayon Software Experts India inaugurates its ISV Incubation Center in Kolkata

Crayon Software Experts India inaugurates its ISV Incubation Center in Kolkata

by VARINDIA
Dassault Systèmes to accelerate EV charging infrastructure development in India

Dassault Systèmes to accelerate EV charging infrastructure development in India

by VARINDIA
Tech Mahindra and Atento to deliver GenAI powered business transformation services

Tech Mahindra and Atento to deliver GenAI powered business transformation services

by VARINDIA
×

Reproduction in whole or in part in any form or medium without express written permission of Kalinga Digital Media Pvt. Ltd. is prohibited.

  • Distributors & VADs
  • Industry Associations
  • Telco's in India
  • Indian Global Leaders
  • Edit Calendar
  • About Us
  • Advertise Us
  • Contact Us
  • Disclaimer
  • Privacy Statement
  • Sitemap

Copyright varindia.com @1999-2024 - All rights reserved.