Artificial Intelligence Is Coming Close To You
Outlook Business|April 28, 2017

A whole host of start-ups are bringing the power of artificial intelligence to our Aidaily lives — both at home and at work.

Laveena Iyer
Artificial Intelligence Is Coming Close To You

The scene begins with an otherwise shy Dr Raj Koothrappali welcoming his guests to a dinner party he’s cohosting with his new-found friend. He enthusiastically shares details on how his co-host helped narrow down the grocer for the meal ingredients, the perfect wine and playlist for the night. All was fine till his unassuming guests inquired about the co-host only to discover it was none other than Apple’s digital personal assistant, Siri! Dr Koothrappali, the introvert, had found solace in a bot that was supported by artificial intelligence. While that scene belonged to a 2012 episode from the sitcom The Big Bang Theory, the likelihood of something similar playing out in 2017 at your own friend’s dinner party is quite high.

Artificial intelligence-supported bots are the apps of today and start-ups are busy brushing up their machine and deep learning skills to help you find that perfect smart companion for all your needs. To begin with, artificial intelligence (AI) is a branch of computer science that is related to developing machines that are capable of human-like intelligent behaviour. Machine learning is a program created to train the device using troves of available data and deep learning is an advanced form of it that has gained popularity in the last few years.

As per data provided by research firm Tracxn Technologies, the number of AI-based start-ups in India has risen from a measly seven in 2011 to around 300 till April 2017. And it also states that the amount raised by such start-ups has increased from $0.22 million in 2013 to $20.50 million thus far this year. While the core technology remains the same, different startups are applying this for multiple purposes by focusing on processing and analysing different forms of data — text, audio, video, images, etc.

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This story is from the April 28, 2017 edition of Outlook Business.

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This story is from the April 28, 2017 edition of Outlook Business.

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