SYS-CON MEDIA Authors: Elizabeth White, Yeshim Deniz, Pat Romanski, Gary Arora, Zakia Bouachraoui

Blog Feed Post

The New AI Economy

The convergence of technology leaps, social transformation, and genuine economic needs is catapulting AI (Artificial Intelligence) from its academic roots & decades of inertia to the forefront of business and industry. There has been a growing noise since last couple of years on how AI and its key subsets like Machine Learning and Deep Learning will affect all walks of life. Another phrase “Pervasive AI” is becoming part of our tech lexicon after the popularity of Amazon Echo and Google Home devices.

So what are the key factors pushing this renaissance of AI? We can quickly list them here:

  • Rise of Data Science from the basement to the boardroom of companies. Everyone saw the 3V’s of Big Data (volume, velocity, and variety). Data is called by many names – oxygen, the new oil, new gold, or the new currency.
  • Open source software such as Hadoop sparked this revolution in analytics using lots of unstructured data. The shift from retroactive to more predictive and prescriptive analytics is growing, for actionable business insights. Real-time BI is also taking a front seat.
  • Arrival of practical frameworks for handling big data revived AI (Machine Learning and Deep Learning) which fed happily on big data.
  • Existing CPU’s were not powerful for the fast processing needs of AI. Hence GPU (Graphical Processing Units) offered faster and more powerful chips. NVIDIA provided a positive force in this area. It’s ability to provide a full range of components (systems, servers, devices, software, and architecture) is making NVIDIA an essential player in the emerging AI economy. IBM’s neuromorphic computing project provides notable success in the area of perception, speech and image recognition.

Leading software vendors such as Google have numerous projects on AI ranging from speech and image recognition, language translation, and varieties of pattern matching. Facebook, Amazon, Uber, Netflix, and many others are racing to deploy AI into their products.

Paul Allen, co-founder of Microsoft is pumping $125M into his research lab Allen Institute of AI. The focus is to digitize common sense. Let me quote from today’s New York Times, “Today, machines can recognize nearby objects, identify spoken words, translate one language into another and mimic other human tasks with an accuracy that was not possible just a few years ago. These talents are readily apparent in the new wave of autonomous vehicles, warehouse robotics, smartphones and digital assistants. But these machines struggle with other basic tasks. Though Amazon’s Alexa does a good job of recognizing what you say, it cannot respond to anything more than basic commands and questions. When confronted with heavy traffic or unexpected situations, driverless cars just sit there”. Paul Allen added, “To make real progress in A.I., we have to overcome the big challenges in the area of common sense”.

Welcome to the new AI economy!

Read the original blog entry...

More Stories By Jnan Dash

Jnan Dash is Senior Advisor at EZShield Inc., Advisor at ScaleDB and Board Member at Compassites Software Solutions. He has lived in Silicon Valley since 1979. Formerly he was the Chief Strategy Officer (Consulting) at Curl Inc., before which he spent ten years at Oracle Corporation and was the Group Vice President, Systems Architecture and Technology till 2002. He was responsible for setting Oracle's core database and application server product directions and interacted with customers worldwide in translating future needs to product plans. Before that he spent 16 years at IBM. He blogs at http://jnandash.ulitzer.com.

Latest Stories
SUSE is a German-based, multinational, open-source software company that develops and sells Linux products to business customers. Founded in 1992, it was the first company to market Linux for the enterprise. Founded in 1992, SUSE is the world's first provider of an Enterprise Linux distribution.
Intel is an American multinational corporation and technology company headquartered in Santa Clara, California, in the Silicon Valley. It is the world's second largest and second highest valued semiconductor chip maker based on revenue after being overtaken by Samsung, and is the inventor of the x86 series of microprocessors, the processors found in most personal computers (PCs). Intel supplies processors for computer system manufacturers such as Apple, Lenovo, HP, and Dell. Intel also manufactu...
Artifex Software began 25-years ago with Ghostscript, a page description language (PDL) interpreter software prevalent in printing and related applications requiring rendering and/or conversion from one software language to another. Founded by renowned computer scientist Dr. L. Peter Deutsch, our company has thrived on the basis of our sharp focus on this area of expertise, a zealous commitment to quality and a strong customer service orientation. Over 100 OEM partners representing some of th...
Moving to Azure is the path to digital transformation, but not every journey is effective. Organizations that start with a cohesive, well-planned migration strategy can avoid common mistakes and stay a step ahead of the competition. Learn from Atmosera CEO, Jon Thomsen about the opportunities and challenges found in three pivotal phases of the journey to the cloud: Evaluation and Architecting, Migration and Management, and Optimization & Innovation. In each phase, there are distinct insights tha...
FinTech is a disruptive innovation that denotes the adoption of technologies that have changed how traditional financial services work. While FinTech is now embedded deeply into the financial services ecosystem, the rise of digital age has paved way to FinTech 2.0 - which is rolling out innovative solutions through emerging technologies at a disruptive pace while maintaining the tenets of security and compliances. Blockchain as a technology has started seeing pilot adoption in FinTech around ...
Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation. DX encompasses the continuing technology revolution, and is addressing society's most important issues throughout the entire $78 trillion 21st-century global economy. DXWorldEXPO® has organized these issues along 10 tracks, 22 keynotes and general sessions, and a faculty of 222 of the world's top speakers.
In an age of borderless networks, security for the cloud and security for the corporate network can no longer be separated. Security teams are now presented with the challenge of monitoring and controlling access to these cloud environments, as they represent yet another frontier for cyber-attacks. Complete visibility has never been more important-or more difficult. Powered by AI, Darktrace's Enterprise Immune System technology is the only solution to offer real-time visibility and insight into ...
Alan Hase is Vice President of Engineering and Chief Development Officer at Big Switch. Alan has more than 20 years of experience in the networking industry and leading global engineering teams which have delivered industry leading innovation in high end routing, security, fabric and wireless technologies. Alan joined Big Switch from Extreme Networks where he was responsible for product strategy for its secure campus switching, intelligent mobility and campus orchestration products. Prior to Ext...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Blockchain has shifted from hype to reality across many industries including Financial Services, Supply Chain, Retail, Healthcare and Government. While traditional tech and crypto organizations are generally male dominated, women have embraced blockchain technology from its inception. This is no more evident than at companies where women occupy many of the blockchain roles and leadership positions. Join this panel to hear three women in blockchain share their experience and their POV on the futu...
92% of enterprises are using the public cloud today. As a result, simply being in the cloud is no longer enough to remain competitive. The benefit of reduced costs has normalized while the market forces are demanding more innovation at faster release cycles. Enter Cloud Native! Cloud Native enables a microservices driven architecture. The shift from monolithic to microservices yields a lot of benefits - but if not done right - can quickly outweigh the benefits. The effort required in monitoring,...
Financial enterprises in New York City, London, Singapore, and other world financial capitals are embracing a new generation of smart, automated FinTech that eliminates many cumbersome, slow, and expensive intermediate processes from their businesses. Accordingly, attendees at the upcoming 23rd CloudEXPO, June 24-26, 2019 at Santa Clara Convention Center in Santa Clara, CA will find fresh new content in full new FinTech & Enterprise Blockchain track.
The dream is universal: heuristic driven, global business operations without interruption so that nobody has to wake up at 4am to solve a problem. Building upon Nutanix Acropolis software defined storage, virtualization, and networking platform, Mark will demonstrate business lifecycle automation with freedom of choice and consumption models. Hybrid cloud applications and operations are controllable by the Nutanix Prism control plane with Calm automation, which can weave together the following: ...
Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software with the simplicity and reach of the open web. With staff in 10 timezones, Isomorphic provides a global network of services related to our technology, with offerings ranging from turnkey application development to SLA-backed enterprise support. Leadin...
As the digitization of business accelerates the move of critical applications and content to the cloud, the network has never been as critical to business success. Consuming everything ‘as-a-service' requires new levels of network automation, agility and security. Discover how Enterprises can take advantage of Digital Platforms, directly connecting to an extensive ecosystem of digital partners and flex their service at the click of a button.