Trying to keep up with technological trends can be confusing and frustrating. Terms that are used to explaining technology investment opportunities are not always clearly defined, leaving many people with more questions than answers.
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If you have been in the company of tech investors or entrepreneurs, you should be no stranger to terms such as artificial intelligence (AI), machine learning, and deep learning. Here is a look at how NVIDIA defines each of these terms and the investment potential they offer.
The AI of robots that is portrayed in sci-fi movies is not possible yet, but tech companies are currently working on a more basic form of AI called “narrow AI”. As defined by NVIDIA, narrow AI involves hardware and software working together to perform specific tasks as competently as or even better than human beings. For example, Facebook uses narrow AI to evaluate images and identify people with 98-percent accuracy.
Jeff Bezos, CEO of Amazon, advised investors to keep an eye on machine learning, and almost every tech company is using this technology to improve their businesses. At its most basic, machine learning refers to the use of algorithms for the purpose of parsing data, learning from it, and making a prediction or determination about something. Simply defined, it is a way to enable a machine to learn from data.
Deep learning is a concept that is more difficult to define and understand. A deep learning computer has artificial neural networks that are placed on top of each other in order for them to make connections. When the software is looking at images of cats, certain layers may focus on shapes, while others may identify colors. Another layer will collect and evaluate the results to determine if the computer is indeed seeing a cat, or even a particular kind of cat.
Why Should Investors Be Interested in These Technologies?
According to an article published in Motley Fool, the AI, machine learning, and deep learning markets are projected to be worth $59.8 billion, $19.8 billion, and $16 billion respectively by 2025. Many tech companies, including tech giants such as Google, IBM, and NVIDIA, are rapidly pursuing these markets, because they are the next frontier of technological innovation. Successful investor Jason Sugarman emphasizes the importance of investing in tech-oriented companies, because such companies offer better long-term profit potential, as they will be able to constantly stay competitive despite rapid changes in technology.
Staying up-to-date with the latest technologies enables investors to think ahead, identify good investment opportunities, and make better-informed decisions. Besides AI, machine learning, and deep learning, there are many other new technologies that will be making waves around the world in the near future.