How The Expansion Of Artificial Neural Networks Can Drive Your Business Posted on : Feb 10 - 2020

While AI has many uses for securing a business, it is also instrumental in a better bottom line. The convergence of artificial intelligence (AI) and the internet of things (IoT) has created a new business ecosystem that stretches from the front-lines of physical and cybersecurity to the server rooms of enterprise organizations and smaller commercial companies. The one constant among all current and emerging applications of AI is that data collected is refined and consumed in a proactive way that can protect, expedite and expand the business interests of most organizations.

It seems that almost anything that plugs into an electrical socket or represents the latest “must-have” in business or consumer technology solutions is being marketed to provide some form of AI. New gas, electric and hybrid vehicles all have AI. New white goods like dishwashers, refrigerators, washing machines and dryers have it, too. Businesses are employing AI to help enhance customer engagement, keep shelves stocked with products those customers want and guide the customers around a retail venue to find them once they are inside. The expanding world of AI and the interconnectivity of IoT has quickly moved from a novelty trend to the new reality.

Overall, I believe this is a good thing for both business and consumer products because the products will be smarter and provide better performance, utility, integration and overall value. The development of smart machines has been in the works since the middle of the past century as scientists looked to develop devices that could think like humans. The evolution continued through the mid-2000s as powerful processors and computer graphics cards brought AI to consumers in the form of smartphones and tablets. Adding the voices of AI mavens like Apple’s Siri, Microsoft’s Cortana and Amazon's Alexa continued to expand the universe of these new "artificial neural networks," or ANN for the sake of expediency.

ANN Can Bring Transformational Change

ANN is basically the framework for letting many different machine learning algorithms work together to process very complex operations, including what we now commonly refer to as AI. The concept behind ANN is simple: to create machine processes that mimic how humans process information. More importantly, ANN is what enables software and embedded devices to perform various tasks and operations by considering different documented behaviors as examples for comparison.

According to a report from Narrative Science and the National Business Research Institute, more than 60% of businesses implemented AI in 2018, up from only 38% in 2017. The report added that as ANN devices move deeper into the mainstream of business, it is important to remember that this is just the beginning of the migration, not the endpoint. View More