Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Applied Technology Review
Leveraging Applied AI to Sustainable Business Growth
Applied AI has been gaining traction in the market in recent times.
By
Applied Technology Review | Saturday, October 08, 2022
With exciting solutions in critical business operations, AI is gaining momentum and observing considerable company adoption to accelerate business outcomes.
FREMONT, CA: Applied AI has been gaining traction in the market in recent times. It is moving away from the laboratory and getting integrated into business processes. AI has provided significant solutions for crucial business processes like talent acquisition, cybersecurity, market prediction, customer needs analysis and more. It is revolutionising industries and solving real-world challenges at a higher scale. Artificial intelligence is widely recognised as the greatest modern-day enabler for businesses worldwide, allowing organisations to automate minor tasks requiring manual labour intervention. This helps the workforce to focus on business-critical tasks that drive optimised outcomes.
In the customer services, lending, and credit industries, AI offers various applications with several use cases. Optimising AI to identify borrowers will become a mainstream practice for lending customer services. Banks and credit industry players are also harnessing AI to amass the digital footprints of people to recognise potential borrowers. AI can also help lenders find customers' creditworthiness and reduce default risks. Thus, banks and lending businesses can alleviate the overall financial threat by leveraging AI.
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
Irrespective of the scale of their operations, any organisation can use AI models effectively to derive sustainable business outcomes. However, there are certain preconditions for manoeuvring AI. This includes AI alignment across organisations and their different departments, acquiring quality data from reliable sources, identifying techniques, matrices, and algorithms to model data effectively, and building an agile culture to cope with the changing AI landscape.
Ensuring the appropriate amount of AI alignment across companies, obtaining data engineers and data science specialists through external recruitment or internal mobility who can introduce quality data facilities for organisations, leveraging the right tactics and algorithms to model the data, and bringing people together to improve the AI adoption agenda will accelerate AI adoption within the enterprise. Although there is a serious lack of technical expertise needed to understand AI, businesses should nevertheless use it because technological advances have made complex AI and ML algorithms far more interpretable and flexible.
To make responsible and ethical use of AI, every AI project must run through system checks that scrutinise whether the initiative is socially beneficial and examine if it creates or reinforces any unfair biases. Companies have instituted several normative principles that define the AI applications or projects businesses will achieve and the ones they will abandon. A few broad dimensions that will determine and drive projects under responsible and ethical AI applications include safety, security, transparency, robusticity, and explainability.
With the steady growth of global AI adoption, artificial intelligence is expected to emerge as the fundamental driver of world GDP growth in the near future. The world will witness incredible AI and ML innovations, accelerating the adoption of contemporary technologies. Existing data assets can be processed by optimising advanced analytics and AI tools to build actionable insights and enhance business results.
The convergence of IoT, blockchain technology, and deep learning models has sparked a new era in smart home automation. The integration promises enhanced security, efficiency, and autonomy in managing household devices and systems. IoT forms the backbone of smart home automation, enabling the interconnectivity of various devices and appliances. The devices, from thermostats and lighting systems to security cameras and kitchen appliances, generate vast amounts of data. When harnessed effectively, the data can optimize energy usage, enhance security, and streamline daily routines.
Security vulnerabilities have become a significant concern with the proliferation of IoT devices. By leveraging blockchain's decentralized and immutable ledger, smart home systems can ensure the integrity and security of data exchanges between devices. Each transaction or data transfer is recorded tamper-proof across multiple nodes, eradicating the risk of a single point of failure or unauthorized access. Blockchain facilitates secure peer-to-peer transactions and automated smart contracts. Devices can autonomously interact and transact based on predefined conditions without intermediaries. Combining IoT connectivity, blockchain security, and deep learning intelligence can enhance homeowners' convenience, efficiency, and peace of mind.
A smart thermostat could adjust the temperature based on real-time weather data retrieved from decentralized sources, all executed through smart contracts recorded on the blockchain. Deep learning models further enhance the capabilities of IoT-based smart home automation by enabling predictive analytics and personalized experiences. These models can analyze historical data from IoT devices to identify patterns, preferences, and anomalies. A deep learning algorithm could learn the occupants' daily routines and adjust lighting, temperature, and other settings to optimize comfort and energy efficiency.
Deep learning-powered anomaly detection algorithms can identify unusual behavior patterns indicative of security breaches or malfunctions. For instance, if a security camera detects unusual movements while the occupants are away, the system can trigger alerts and take appropriate actions, such as notifying the homeowners or activating additional security measures. The critical challenge in implementing IoT-based smart home automation with blockchain and deep learning is interoperability and standardization. With various devices from different manufacturers operating on multiple protocols, ensuring seamless integration and compatibility can be complex.
Initiatives such as developing open-source protocols and industry standards aim to address these challenges and foster a more cohesive ecosystem. Privacy and data ownership are critical considerations when deploying smart home systems. With sensitive data being generated and exchanged among devices, ensuring user consent, data encryption, and transparent data handling practices are paramount. Blockchain-based identity management solutions can give users control over their data, allowing them to specify who can access it and under what conditions. Integrating IoT, blockchain, and deep learning models holds immense potential for revolutionizing smart home automation. ...Read more
From being a specialist branch of cartography, the geospatial business has evolved into a vital part of the global digital economy. These days, local utility networks and worldwide supply chains are managed spatially using Geographic Information Systems (GIS). As businesses become more aware of the importance of location-based insights for strategic planning, environmental responsibility, and operational efficiency, demand for these solutions is rising.
The Integration of AI and ML (GeoAI)
A significant trend currently shaping the GIS market is the integration of AI and ML, commonly referred to as "GeoAI." This convergence has transformed GIS from a system primarily used for storing and viewing static data into a platform capable of proactive and predictive analysis.
Recent development solutions increasingly incorporate Large Language Models (LLMs) and generative AI to broaden access to spatial data. Through conversational GIS interfaces, users can query complex datasets in natural language, enabling non-technical stakeholders to generate maps or conduct spatial analyses without specialized coding expertise. This development is expanding the adoption of GIS tools in corporate environments, where spatial intelligence informs market expansion and risk assessment.
In addition to advancements in user interfaces, artificial intelligence is transforming automated feature extraction. Advanced computer vision algorithms have become integral to GIS development pipelines, facilitating rapid identification of buildings, roads, vegetation, and land-use changes from high-resolution satellite and aerial imagery. This automation is essential for maintaining the accuracy and timeliness of digital maps, as it supports continuous updates to global datasets in response to rapid urbanization and environmental changes. Moreover, predictive spatial modeling is increasingly utilized to forecast outcomes such as future traffic congestion, flood-inundation zones, and agricultural yields, thereby enhancing long-term resource management.
Cloud-Native Architectures and Real-Time Geospatial Streams
The transition from desktop-centric Geographic Information Systems (GIS) to cloud-native architectures is nearly complete, fundamentally transforming the storage, processing, and sharing of spatial data. Contemporary GIS development solutions utilize microservices and serverless frameworks, enabling platforms to scale efficiently in response to the substantial data volumes produced by modern sensors.
A significant development in this field is the emergence of cloud-native spatial data warehouses. These platforms enable organizations to execute complex spatial queries, such as join operations involving billions of points, directly within the cloud environment where the data is stored. This approach eliminates the need for extensive data transfers. The resulting architectural change supports the increasing demand for Data as a Service (DaaS), in which high-fidelity geospatial layers are delivered through application programming interfaces (APIs) to diverse end-user applications.
The integration of the Internet of Things (IoT) has introduced a temporal dimension to GIS, resulting in the emergence of real-time geospatial data streams. Contemporary development solutions are engineered to ingest live telemetry from millions of connected devices, such as autonomous vehicles, smart meters, and environmental sensors. This capability underpins the concept of "Digital Twins," which are virtual representations of physical assets or entire urban environments. Digital Twins offer a real-time reflection of reality, facilitating continuous monitoring of infrastructure health, energy consumption, and asset movement. By synchronizing spatial data with live sensor inputs, organizations can attain a level of situational awareness that static mapping cannot provide.
Immersive 3D Visualization and Advanced Mobile Connectivity
Traditional two-dimensional maps are increasingly being supplemented or replaced by high-fidelity three-dimensional visualization. The demand for enhanced precision in urban planning, underground utility management, and telecommunications is accelerating the development of 3D GIS. Advanced 3D engines, frequently adapted from the gaming industry, are now integrated into GIS platforms to deliver realistic renderings of terrain, building interiors, and atmospheric conditions.
3D environments are increasingly used for line-of-sight analysis and shadow modeling in dense urban corridors, enabling planners to assess the impact of new developments on existing skylines. In the utility sector, 3D GIS solutions facilitate mapping intricate subterranean networks, providing field crews with a comprehensive understanding of the spatial relationships among overlapping pipes and cables.
The effectiveness of high-fidelity models has been further enhanced by advancements in mobile connectivity, particularly the deployment of 5G networks. The 5G standard offers the high bandwidth and low latency necessary to stream large three-dimensional datasets and high-resolution imagery to mobile devices in the field. These capabilities have accelerated the adoption of Augmented Reality (AR) within GIS. Field technicians can now use AR-enabled mobile applications to superimpose digital spatial data onto their physical environment. For instance, a technician can use a tablet to visualize the precise location and depth of a buried water main through a digital overlay. The integration of 3D modeling, AR, and 5G connectivity is resulting in more intuitive and accurate workflows for field operations, thereby reducing errors and enhancing safety across various technical industries.
With rising global demand for location-based intelligence, the GIS industry is advancing toward autonomous GIS. AI, cloud computing, and immersive visualization are converging to create systems that map, understand, and predict real-time changes. Developers and stakeholders now focus on building comprehensive, intelligent spatial infrastructures to meet the complex needs of a connected world. ...Read more
Weather information became widely available following World War II, coinciding with the growing usage of television in homes. This was a watershed moment, signifying the transition from specialized use to public utility. As the internet emerged, it ushered in a new era of accessibility, making meteorological information more accessible. As computing power improved, so did our ability to advance forecasting techniques. Artificial intelligence is transforming and accelerating weather technology, and the next technological innovation will have a similar effect.
Significant technology businesses have shifted their focus to weather forecasting. This spike in interest is unsurprising given the unique characteristics of weather data that make it perfect for artificial intelligence applications: it is copious, historical, and globally relevant. Weather is an excellent approach to engage my audience while displaying complex machine learning technologies.
Weather and technology have grown inextricably linked, with AI at the vanguard of this collaboration. AI applications in weather are fast-growing, ranging from local point predictions to massive gridded worldwide forecasts and support for essential judgments. These technologies excel at bridging gaps in our existing understanding and computing capabilities, advancing meteorology science, and adding vital context to weather data.
The next frontier of AI's impact on weather will be sophisticated large language models (LLMs) like the well-known Generative Pre-trained Transformer (GPT). This technology, sometimes called generative AI, provides remarkable flexibility and customization, allowing anyone to contextualize complex meteorological data swiftly. This facet of AI is changing how we comprehend and communicate weather occurrences. It is also being investigated as a potential step change in producing accurate weather predictions. This technology will profoundly alter meteorologists' and scientists' roles in the following years. ...Read more
Optical fiber transmits information using light pulses rather than electrical pulses, resulting in hundreds of times the bandwidth of traditional electrical systems. Fiber optic cable can be sheathed and armored to withstand harsh weather conditions. As a result, it is widely used in commercial businesses, governments, the military, and various other industries for voice, video, and data transmission. Optical fiber is gaining popularity in both telecommunications and data communication because of its unrivaled benefits: quicker speed with less attenuation, lower susceptibility to electromagnetic interference (EMI), smaller size, and larger information-carrying capacity.
Fiber optic cable types
Single-mode fiber optic cable: The "mode" in fiber optic cable refers to the path that light travels. It only enables one wavelength and pathway for light to flow, resulting in significantly lower light reflections and attenuation. Single-mode fiber optic cable, which is slightly more expensive than multimode cable, is commonly used for long-distance network connections.
Plastic optical fiber (POF): With a diameter of roughly 1 mm, it is a large core step-index optical fiber. The large size allows it to easily link large amounts of light from sources and connectors that do not require high precision. As a result, typical connector costs are 10-20 percent higher than those for glass fibers, and termination is straightforward. Plastic is more durable and can be installed in minutes with minimum tools and training. POF is more competitive for applications that do not require high bandwidth over long distances, making it a feasible solution for desktop LAN connections and low-speed short links.
Advantages of optical fiber
Thinner and lighter in weight: Optical fiber is thinner and may be pulled into smaller diameters than copper wire. They are smaller and lighter in weight than comparable copper wire cables, making them a better fit for areas where space is limited.
Cheap: Long, continuous miles of optical fiber cable can be less expensive than comparable lengths of copper wire. As more vendors compete for market share, optical cable prices are sure to fall.
Increased carrying capacity: Because optical fibers are significantly thinner than copper wires, they can be bundled into a cable of a given diameter. This allows for additional phone lines to be routed through the same cable and more channels to be sent to the cable TV box. ...Read more