Balakrishna D R
With technology evolving fast, we’re likely to see a lot of challenges being overcome. Over the recent years, AI has garnered a vast amount of global attention and is deemed as one of the technologies that will usher the next biggest technological change.
Today, enterprises consider AI as a tangible, efficient, and scalable method to extract value from information. That said, AI applications have started to closely reflect its potential in the market with ready integration capabilities and features that significantly impacts how businesses operate across industry verticals. For instance, data synthesis methodologies are now available to combat data challenges in AI.
With the emergence of techniques such as meta-learning, AI is becoming far less data-hungry. Additionally, the advent of ‘Explainable AI’ has simplified the acceptance of AI in regulated industries where explainability is crucial to ensure that the system is void of unintended biases.
A paper published by the Infosys Center for Emerging Technology Solutions (iCETS) on Horizon 3 Trends in AI Algorithms, identifies some of the most prominent technologies that are impacting client landscapes with respect to AI adoption. Some of the most influential technologies include:
This is critical for enhancing functions such as tumor detection, mortgage rejection, candidate selection, etc. For example, when it comes to calculating eligibility for a loan, machine learning can help in identifying potential defaulters far better than traditional algorithms.
The growing interest in ethical AI comes after some glaring failures around trust and AI in the marketplace. If the machine learning algorithm learns mainly from existing data, it is likely to be fraught with unintended biases against specific ethnic groups or genders. Set against this backdrop, explainability plays a crucial role, especially in highly regulated industries.
Transfer learning can prove to be valuable in use cases such as identifying individuals flouting certain road rules (such as wearing a helmet while riding a bike), logo/brand detection in an image, and speech model training for various accents, vocabularies, etc.
Given the large amounts of ongoing investment and maturation of AI-powered customer service bots and portals, 2020 could be the first time the population will interact with a robot without even realizing it. Most enterprises will consider AI as an opportunity to amplify their business capabilities and ease the burden on their workforce. When AI takes over the routine and repetitive tasks, the workforce can effectively direct their focus on unique human pursuits such as innovation, creative thinking, and problem finding. While the transition to AI may not exactly be a cakewalk, if done right, AI can significantly help enterprises differentiate themselves in this highly-competitive market.
The author is Senior Vice President, Service Offering Head - ECS, AI and Automation.
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