ISFTB
Assignment No. 3
AI tools and Technologies-
An Overview
By Syndicate A-4
20020542023 ARNAV GUPTA
20020542024 ARPAN CHAKRABORTY
20020542025 ARPIT ARYA
20020542026 ARPIT JAIN
20020542028 ASHISH KR SINGH
20020542029 ASHWIN KUMAR U
20020542030 ATLURI ROHIT CHOWDARY
Direction of Technological
Advancement and its application
Ø Today’s technology is advancing rapidly in everywhere
in the world both positively and negatively, making it
subjective, changing our lifestyle with high efficiency of
productive operation, and simplifying access to various
margins of facets.
Ø While quality of life has improved in specific ways,
mostly, it has only given an indicative illusion of
enhancing the quality of life without actually doing so.
Ø Artificial intelligence is a new technical discipline that
researches and develops theories, methods,
technologies, and application systems for simulating
the extension and expansion of human intelligence.
The main objective is to let machines perform some
complex tasks that require intelligent humans to
complete in an efficient manner.
AI-one of the main
weapon for Industry 4.0
Ø Industry 4.0 has the potential to be a powerful driver of
economic growth, predicted to add between $500 billion- $1.5
trillion in value to the global economy between 2018 and
2022, according to a report by Capgemini.
Ø In the era of Industry 4.0, AI is one of the emerging
technologies already being utilised by manufacturers to
improve product quality, efficiency and for cutting down on
operating costs.
Ø Main objective of AI is to see a working relationship between
humans and robots, an area which is benefiting from the
usage of AI in different industries and in the manufacturing
plants too.
Ø The smart factory or different enterprises, which are made up
of hyper-connected production processes consists of various
machines that all communicate with one another, relying on AI
automation platforms to collect and analyse all types of data
as per their requirements.
Impact of AI on industry 4.0
Ø Just-in-time manufacturing: AI-driven manufacturing systems
can produce solutions in an adaptive way to the order. Sensors
track components by ordering them according to demand patterns
and increase the turnaround time as well.
Ø New products introduction: Production lines converted to
information systems that feed decision making on issues as
central as the product line. This helps in adaptation to demand,
making it easier to change from the raw materials entering the
factory process to the final product leaving it.
Ø Changes in consumption: Consumers are connected to the
industry through information networks, solutions and experiences
for a higher quality products and level of personalisation. On the
other hand, manufacturers are able to produce customised
products, solutions without losing efficiency with the help of
digital architectures and intelligent production with quality
solutions.
Ø Evolution of labour markets: With the advent of AI technology,
the demand of ‘Data Scientist’ is increasing day by day. The
labour model is evolving more towards the analytical and
qualified applicants in the field of technology, which could be a
factor or key to mitigate unemployment.
AI TOOLS
From the dawn of mankind, humans have always been trying to make things, which can assist us in
day-to-day tasks. From stone tools to modern day machinery, to tools for making the development of
programs to assist us in day-to-day life.
Some of the most important tools and frameworks:
Scikit learn
● Scikit learn is a library used to perform machine learning in Python
● Scikit learn is an open-source library which is licensed under BSD and is reusable in various contexts, encouraging
academic and commercial use
● It provides a range of supervised and unsupervised learning algorithms in Python. Scikit learn consists popular algorithms
and libraries
● It also contains the following packages:
○ NumPy
○ Matplotlib
○ SciPy (Scientific Python)
Use Case – Prediction using Logistic Regression
A car company has released a new SUV in the market. Using the previous data about the sales of their SUV’s, they want to
predict the category of people who might be interested in buying.
● TensorFlow is a library based on Python that provides different types of
functionality for implementing Deep Learning Models
● In TensorFlow, the term tensor refers to the representation of data as
multi-dimensional array whereas the term flow refers to the series of
operations that one performs on tensors
● This is the thing that enables Google to recognize questions in
photographs or comprehend verbally expressed words in its
voice-acknowledgment application.
● Caffe is a profound learning structure made with articulation, speed, and measured quality as a top
priority
● It is a deep learning framework which is very popular among researchers and even enterprise users
because of its speed
● It can process more than 50 million images, all in a single day.
● Caffe framework is mainly used for research projects, multimedia, speech and even vision.
● Google’s DeepDream depends on Caffe Framework
Google ML Kit
● Google ML Kit, Google’s machine learning beta SDK for mobile developers, is designed
to enable developers to build personalised features on Android and IOS phones
● The kit allows developers to embed machine learning technologies with app-based APIs
running on the device or in the cloud. These include features such as face and text
recognition, barcode scanning, image labelling and more recognition, barcode scanning,
image labelling and more
● Developers are also able to build their own TensorFlow Lite models in cases where the
built-in APIs may not suit the use case
● It is a high-level library for neural networks, using TensorFlow or Theano as its backend
● Keras can be used to solve the majority of practical problems like:
○ picking an architecture suitable for a problem,
○ for image recognition problems – using weights trained on ImageNet,
○ configuring a network to optimize the results (a long, iterative process).
● It offers an abstract structure which can be easily converted to other frameworks, if needed (for
compatibility, performance or anything)
● OpenNN is an open source,written and developed in C++ language which is specially designed for the
experienced developers
● It has a tool called Neural Designer for advanced analytics.
● It provides graphs and tables to interpret data entries.
● The website of OpenNN offers a lot of tutorials and documentations for the developers who want to learn
about it
● OpenNN contains sophisticated algorithms and utilities to deal with the following artificial intelligence
solutions
○ Regression: Model outputs as the function of inputs
○ Forecasting: Make predictions about the future
○ Classification: Assign patterns to given categories
○ Association: Discover relations between variables
Fig: Graph representing the Growth
of AI & ML tools
AI Technologies
The rapidly and radically changing the various areas of our daily lives as the market for AI technologies is demanding
and flourishing
Some of the important AI technologies:
Natural Language Generation & Speech Recognition
● Natural Language Generation is a sub discipline of AI that converts text into
data and helps the systems to communicate ideas and thoughts as clearly
as possible.
● It is used in customer service, widely, to create reports and market
summaries. Companies like Attivio, Automated Insights, Cambridge
Semantics, Digital Reasoning, Lucidworks, Narrative Science, SAS and
Yseop offer Natural Language Generation.
● Speech Recognition is used to convert and transform human speech into a
useful and comprehensive format for computer applications to process.
● The transcription and transformation of human language into useful formats
is witnessed often nowadays and is growing rapidly. Companies like NICE,
Nuance Communications, OpenText and Verint Systems offer speech
recognition services.
Robotic process automation
● Robotic Process Automation refers to the functioning of corporate processes
due to the mimicking human tasks and automate them.
● Robotic Process Automation is the technology that allows anyone today to
configure computer software, or a “robot” to emulate and integrate the actions
of a human interacting within digital systems to execute a business process.
● RPA robots utilize the user interface to capture data and manipulate
applications just like humans do. They interpret, trigger responses and
communicate with other systems in order to perform on a vast variety of
repetitive tasks.
Marketing Automation
● Marketing automation is technology that manages marketing processes and
multifunctional campaigns, across multiple channels, automatically
● With marketing automation, businesses can target customers with
automated messages across email, web, social, and text.
● Marketing and sales departments use marketing automation to automate
online marketing campaigns and sales activities to both increase revenue
and maximise efficiency.
● Marketing automation helps with lead generation, nurturing, and scoring, as
well as with measuring overall ROI on campaigns.
● The time- and cost-saving effects of automation increase as an organisation
grows and complexity. Good marketing automation systems are designed to
scale alongside your business
Text Analytics and Natural Language Processing (NLP)
● Natural Language Processing focuses on the interactions between human languages
and computers.
● It uses text analytics to analyse the structure of sentences as well as their interpretation
and intention through machine learning.
● This technology is widely adopted in fraud detection and for security systems. Many
automated assistants and applications derive unstructured data by NLP.
● Basis Technology, Expert System, Coveo, Indico, Knime, Lexalytics, Linguamatics,
Mindbreeze, Sinequa, Stratifyd and Synapsify are some of the service providers
Emotion Recognition and Image Recognition
● Emotion Recognition enables emotions expressed by humans to be read and
interpreted using advanced image processing or audio data processing.
● Some companies who use emotion recognition are Beyond Verbal, nViso and
Affectiva.
● Image recognition refers to the process of identifying and detecting a feature in a video
or an image
● It can help the process of image searches greatly as well as detect license plates,
diagnose diseases and study personalities.
● Clarifai, SenseTime and GuGum’s provide this technology service.
Use cases of Natural Language Processing (NLP)
Multi-language translation:
By using NLP, large scale accurate translations can be done in real-time.
It can automatically translate text messages, emails, subtitles and others.
This can help to reduce the language barrier hence making communication
seamless.
Spelling and Grammar Checker
Spelling and grammar checker use NLP to determine the accuracy of a
given text. For this to happen, dictionary and syntactical analyzers are
used.
Auto complete
Auto complete service can be seen in applications like Gmail. It uses NLP
to predict what the user will want to write next and gives recommendations
accordingly.
General textual analysis
By analyzing a text for example an e-mail via NLP, what kind of mail it is.
Is the mail important or is it a spam. All this can be done via NLP.
Sentiment Analysis
In sentimental analysis the general public sentiment is estimated.
This is used primarily in social media sites. One can find out the
sentiment of users at a particular time by analysing the text posted.
Companies can use it to gauge the people’s response towards an
event and act accordingly.
Chatbot
In chatbot a computer replies to text messages instead of a person.
This is nowadays very prominent in customer care and service
domain. The chatbots are becoming more and more interactive every
day.
Speech Recognition
This is the most seen NLP application. Everyone is talking to Alexa
and Siri nowadays. These talking assistants are very complex to
make and use NLP extensively to properly understand the user’s
speech.
Use cases of Behavioral biometrics
Banking and Finance Telecom
New Account fraud, Credit cards Imposter mapping, Secure digital
fraud, Account takeover, and payment apps, KYC, etc
Unauthorized transactions, etc
Insurance
Government defense
Security in Claiming deceased
Immigration, Military applications insurance, Legitimate coverage,
fraud, Enemy/Ally identification, etc
Insider threat detection, Voter
identification, etc
Retail and Commerce
Healthcare
Access of patient's data, Patient Checkout fraud, Accounts take
verification, Reduce duplicate over, Point of Sales(POS), etc
medical records, etc
ROBOTIC PROCESS AUTOMATION IN TELECOM INDUSTRY
RPA can take over repetitive,
rules-based , high frequency
process and complete them
accurately.
Error rates and costs are reduced,
and customer service and
operational efficiency are boosted.
RPA provides high level of vides
high level of scalability and agility
for telecoms.
RPA can be used for report
generation , responding to
customer question , order
processing and Price tracking by
Telecoms.
Business Overview
● In 2019, the market value stood at $ 27.23
Billion.
● The Global AI market size was valued at USD
27.23 billion in 2019 and is projected to reach
USD 266.92 billion by 2027, exhibiting a CAGR
of 33.2% during the forecast period.
● The global artificial intelligence (AI) software
market is forecast to grow rapidly in the coming
years, reaching around 126 billion U.S. dollars
by 2025. The overall AI market includes a wide
array of applications such as natural language
processing, robotic process automation, and
machine learning.
● When it comes to AI patent applications by
company, Microsoft, IBM, Google, and
Samsung have each submitted thousands of
such applications, and funding for AI related
start-ups are raking in dozens of billions of
dollars each year.
Global Revenues of AI from 2018 to 2025
Market segmentation of 'AI' by Components
● There are three key components of this market:
hardware, AI software, and services.
● The services segment is expected to gain
traction during the forecast period. The
integration of AI with the existing systems in
companies requires suitable skill set and
expertise. Also, to maintain and support artificial
intelligence, a profound set of proficiency is
essential.
● The hardware segment is likely to grow with
significant AI market share, owing to its
increasing opportunities in the semiconductor
companies.
Regional Insight
● North America held significant share of the market in 2019, with
the U.S. being a major contributor owing to rising government
initiatives and investments in the market.
● Countries of the European Union are strategically investing in
AI. For instance, the European Investment Fund allotted USD $
111 million funds for the AI start-ups in 2020.
● China accounts for the dominant revenue share owing to
increasing investments in the technology.
● India is likely to gain traction owing to the government's pilot
project for implementation of AI in the agriculture and healthcare
industries.
● The rest of Asia Pacific is also expected to grow such as
Bangladesh, Vietnam, and Indonesia.
● The market in Latin America and Middle East & Africa is likely to
grow significantly during the forecast period.
● The Saudi Arabian government established Saudi Data and
Artificial Intelligence Authority (SDAIA) to boost the market.
Impact of Covid on 'AI' Industry
● The healthcare industry is expected to significantly gain from AI
applications during the pandemic.
● AI will help to improve accuracy and efficiency in diagnostics,
treatments, and predictions. Considering the volume of data available
in electronic health records (EHRs).
● AI helps in deriving and mining the virus strain and utilizing it in
improving and scaling the testing equipment. This data can be very
useful in drug discovery.
● Innovation lab is utilizing AI capabilities to identify potential molecules
to target against the COVID strain.
● Thus, during the pandemic, the AI market is likely to witness
considerable growth.
CONCLUSION
● According to a study done by Grand View Research, “Artificial Intelligence Market Size Worth
$390.9 Billion By 2025.”
● Besides the huge sums of money to be made, innovating in this AI industry represents a chance to
make a positive impact on people’s quality of life.
● AI is quickly becoming the backbone of most Apple iOS and Google’s Android platforms which
represent world’s internet users.
● AI is seen to contribute to business success via enabling a better understanding of customers, along
with a more rapid response to their needs, then its uptake within the world of work is likely to
continue
● In the future, many tasks will have the opportunity of input from AI.
● AI is considered to be the threat as it is replacing humans,but it is the combination of AI and
humans that is likely to bring the greatest benefits to the working world.
● AI will continue to change the world of work, and workers will need to engage in lifelong learning,
developing their skills and changing jobs more often than they did in the past.
THANK YOU
