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NavigationAI and ML are often used interchangeably, but they are in fact, not the same. Take a deep dive to learn more about these tech buzzwords!
Artificial Intelligence (AI) and Machine Learning (ML) are some of the hottest buzzwords in tech these days, and maybe you want in. But first, let’s take a moment to distinguish the two because while they may often be used interchangeably, they are in fact, not the same. AI is the concept of machines being able to carry out tasks in ways that humans would consider “smart.” ML is the application of AI, based around the idea of giving machines data and letting them learn themselves. The concepts are not new, being introduced by Arthur Samuel in 1959, but with the advent of the Internet – a seemingly limitless amount of data – and the ever-increasing speed of processing power, AI and ML have rocketed forwarded into everyday life. Theoretical computation systems such as quantum computing could, if achieved, be the turning point into creating the global, self-learning-type AI systems that have become popular in science fiction.
However, while dreams of Jarvis might be dancing in your head, get used to the idea of Speak and Spell instead. For now.
“Theoretical computation systems such as quantum computing could, if achieved, be the turning point into creating the global, self-learning-type AI systems that have become popular in science fiction.”
From a business standpoint, every vertical, industry, and small endeavor can benefit from ML. But the very first thing you (as a company) must figure out, is “what question do I want answered?” While humans can infer information based on experience and “gut feelings,” machines need to be guided and fed data constantly to begin and continue the process of learning. Having a clear understanding of what question you want answered is paramount, and every question requires a new model, so start simple. Questions that have a clear answer are easier and require less data to begin getting meaningful output. Some questions are more ambiguous or have copious amounts of variables and require vast amounts of data and data manipulation. Some questions are impossible to answer and don’t make good ML candidates at all.
Second, and nearly as important, is data. Data, data, data! As a technology engineer working in AI/ML, I cannot stress enough how important it is to have the right kinds and the right amounts of data. Nothing can be done in realm of ML without data. Without it, your budding AI has no chance of learning anything. Fortunately, most companies have been storing data digitally for years, and with the prevalence of IoT and mobile apps, companies can collect a constant stream of relevant data to be used to answer questions or make predictions.
“Nothing can be done in realm of ML without data. Without it, your budding AI has no chance of learning anything.”
AI and ML models human procedures, and while humans with experience can start to make predictions, those predictions still have accuracy issues. With people, usually the more experience and the more they can look at contributing factors, their predictions become more accurate. That accuracy, however, likely won’t reach into the 90 percent range even in the best scenarios. Where AI and ML can eventually perform better is through the ability to take on a much larger history and set of contributing factors. In the end, the adjustments can be partially automated, but they often still require some human input. The hope is that your AI or ML system will create predictive behavior around your business models that will eclipse even the most accurate humans.
As an example, here are some types of questions, samples of data, and a prognosis of how your ML experiment might turn out:
From a general business perspective, things such as trends in your own sales/pricing, if customers are happy or sad, if employees are doing a good job, when a piece of equipment might need repair, and what days and times to advertise are all great questions that can be predicted by ML
After you have a question and the data to teach your machine, it’s time to get down to business. At a high level, the (very) basic flow for building your ML experiment looks like this:
There are several cloud platforms, programming languages, learning algorithms, and test and train patterns at your disposal. Your best choice depends greatly on your question and your data. Fortunately, companies like Vectorform and its team of inventors specialize in helping companies formalize their AI/ML endeavors and create an execution and delivery plan that will give them the edge in making business decisions.
While no system will ever really be able to capture all the nuance needed for total real-world analysis, the ability for an AI or ML system to have new outside factors added in through the programming environments will give these systems the ability to analyze and comprehend more than any one person or group of people can.
“There are several cloud platforms, programming languages, learning algorithms, and test and train patterns at your disposal. Your best choice depends greatly on your question and your data.”
When an AI is formally operationalized and you give it a user agent and a voice through Natural Language Processing (NLP) technology like Amazon’s Alexa, Microsoft’s Cortana, or Google Home, it begins to become that more “human” version of AI that most of us are familiar with in pop culture. Look for my next post on operationalizing your ML experiment and defining a user agent, coming soon.
In the meantime, for more information on AI, ML, and how your business can benefit from machine-based predictions, connect with me on LinkedIn or contact our team of experts.
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