Deep Learning: Its Time Has Come

CoreNet Global The Pulse Blog Search Deep Learning: Its Time Has ComeAugust 22, 2017|In CoreNet Global News|By David Harrison “Alexa, when will artificial intelligence start to impact the way that we do business in noticeable ways?” Alexa: It already has. That’s the point being made by Abhinav Somani, Chief Revenue Officer, LEVERTON Corporation, in a new white paper for CoreNet Global. Somani distiguishes between artificial intelligence as we commonly think of it, and subcategories including machine learning and deep learning. And deep learning is where things get interesting. Deep learning, he says, is a class of machine learning algorithms programmed to imitate functions of the human brain, or “artificial neural networks,” with the aim of solving complex problems the way human brains do. Deep Learning is seen by many experts as our most realistic progress towards “true AI.” And he said this: “The relevant market for Deep Learning technologies is expected to grow dramatically even though it is still early days. A recently published research report estimates that by 2024 the total market for deep learning software, services, and hardware will exceed $100 billion in annual revenue. The software for enterprise applications of deep learning alone is expected to rise from $109 million in 2015 to $10.4 billion in annual revenue in 2024.” Slowly but surely, deep learning technology is beginning to make an impact on corporate real estate (CRE). For example, Somani tells of a deep learning AI software that accelerated the process of data extraction from lease documents. As Somani said in the paper: “So AI isn’t just for making our homes smarter or having our cars drive themselves or ordering a pizza by thinking about it. AI can generate significant time and cost savings in enterprises too. Structured data is an intangible asset, which is crucial for competitive advantage, precise reporting, and future forecasting and big data analytics. The question is – has your company figured out its AI strategy before your competitors?” Uh, Alexa?? Add comment Cancel reply Comment Name * Email * Website PrevMain BlogNext ABOUT US CoreNet Global is the world’s leading association for corporate real estate (CRE) and workplace professionals, service providers and economic developers. With almost 10,000 members, including 70% of the Fortune 100 and nearly half of the Forbes Global 2000, meet locally, globally and virtually to develop networks, share knowledge, learn and thrive professionally. For more information visit our website at www.corenetglobal.org. CONTACT US CoreNet Global, Inc. 133 Peachtree St. NE Suite 3000 Atlanta, GA 30303 www.corenetglobal.org Phone: +1 404.589.3200 Toll Free in the USA: +1 800.726.8111 Email: corenetglobal@corenetglobal.org Fax: +1 404.589.3201 CategoriesCategories Select Category Amsterdam Awards Big Data CoreNet Global News Economy Education Events General Sessions Global Trends London London 2015 Los Angeles 2015 Membership Networking Philadelphia Speakers Summits Technology wellness Workplace Young Leaders Archives Archives Select Month August 2017 July 2017 June 2017 May 2017 April 2017 March 2017 February 2017 January 2017 December 2016 November 2016 October 2016 September 2016 August 2016 July 2016 June 2016 May 2016 April 2016 March 2016 February 2016 December 2015 October 2015 September 2015 July 2015 June 2015 March 2015 February 2015 January 2015 December 2014 July 2014 May 2014 April 2014 2017 CoreNet Global All rights reserved Social Media Auto Publish Powered By: XYZScripts.com