Artificial Intelligence Creeps into the Commercial Market Despite Initial Hurdles.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. -- When artificial intelligence (AI) was developed to emulate human intelligence, scientists hoped it would be a blockbuster block·bust·er n. 1. Something, such as a film or book, that sustains widespread popularity and achieves enormous sales. 2. A high-explosive bomb used for demolition purposes. 3. technology. Instead, the inability of end users to deal with its complexity and expensiveness and their lack of understanding of its potential caused these expectations to dwindle dwin·dle v. dwin·dled, dwin·dling, dwin·dles v.intr. To become gradually less until little remains. v.tr. To cause to dwindle. See Synonyms at decrease. . These factors slowed down the adoption rates of AI, but not the efforts of researchers. After a couple of decades, AI, now in the form of applications, is slowly making its way out of laboratories into the mainstream market. Some technologies such as case-based reasoning An AI problem solving technique that catalogs experience into "cases" and matches the current problem to the experience. Such systems are easier to maintain than rule-based expert systems, because changes require adding new cases without the complexity of adding new rules. solutions have already created a buzz in the market with multi-applications in the fields of drug discovery, medical diagnosis, fraud detection, data mining, and knowledge discovery. Another promising commercial avenue for AI is in enabling radiation-based food and water sterilization sterilization Any surgical procedure intended to end fertility permanently (see contraception). Such operations remove or interrupt the anatomical pathways through which the cells involved in fertilization travel (see reproductive system). technologies with sensing systems. "In the future, AI is likely to be incorporated in several products to make users' lives easier," says Technical Insights Research Analyst Amreetha Vijayakumar. "However, it cannot be depended on to replace human intelligence and can serve only as an enabling technology." Data mining powered by AI algorithms is proving to be a great tool for exploring new avenues to automatically examine, visualize, and uncover patterns in data that facilitate the decision-making process. It simplifies the task of inferring information and patterns from data that might run into hundreds of pages. Apart from enhancing current offerings, AI vendors could try to develop a standardized approach According to International Convergence of Capital Measurement and Capital Standards, known as Basel II, the standardized approach is a set of risk measurement techniques for banking institutions. The term may be used in the context of credit risk or operational risk. to market their products. Additionally, vendors can use novel strategies to promote themselves -- be it providing superior products or using innovative marketing methods to attract clients in an intensely competitive market. AI vendors have also ventured into the customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) market to help users recognize client-related opportunities and means to effectively utilize them. A personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. approach toward addressing clientele needs is definitely a smart move when there are numerous callers. "Better customer management and improved product cross-selling are the objectives that AI-based CRM is moving toward," notes Vijayakumar. Artificial Intelligence, part of the Information Technology Vertical Subscription Service, outlines the latest trends in this field and the areas in which it has gained maximum acceptance. The study also provides major technology drivers and challenges and examines the qualitative aspects of organizations in this field. This analysis offers the twin perspectives of developments among vendors and needs of user communities. It summarizes research and development efforts in various universities as well as provides a list of key patents in this technology field. Executive summaries and interviews are available to the press. If you are interested in an analysis overview, which provides manufacturers, end-users and other industry participants an overview, summary, challenges and latest coverage of Artificial Intelligence, then send an email to Julia Paulson - North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. at jpaulson@frost.com with the following information: Full name, Company Name, Title, Contact Tel Number, Contact Fax Number, Email. Upon receipt of the above information, an overview will be emailed to you. Technical Insights is an international technology analysis business that produces a variety of technical news alerts, newsletters, and research services. Frost & Sullivan, an international growth consultancy, has been supporting clients' expansion for more than four decades. Our market expertise covers a broad spectrum of industries, while our portfolio of advisory competencies includes custom strategic consulting, market intelligence, and management training. Our mission is to forge partnerships with our clients' management teams to deliver market insights and to create value and drive growth through innovative approaches. Frost & Sullivan's network of consultants, industry experts, corporate trainers A corporate trainer is a specialized skill development position in a corporation where the goal is to help improve the "soft skills" or "people skills" of the workers in the corporation. , and support staff spans the globe with offices in every major country. Artificial Intelligence D300 Keywords in this release: artificial intelligence, AI, case-based reasoning, data mining, radiation-based food, water sterilization technologies, artificial neural networks (artificial intelligence) artificial neural network - (ANN, commonly just "neural network" or "neural net") A network of many very simple processors ("units" or "neurons"), each possibly having a (small amount of) local memory. , ANN, customer relationship management, CRM |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion