Imagine the prospect of nanobots killing all cancerous cells in a human body in just about 60 seconds. Or chatbots engaging elderly people in conversation. In this world of the future, the use of artificial intelligence, nanobots and machine learning is set to disrupt a number of spheres.
Globally, 90 per cent of gross data addition happened in just two years, and of this 80 per cent is unstructured.
Huge biz opportunityThis opens up a huge opportunity for next-generation entrepreneurs to explore how they can innovatively use such data, Rama Kalyani Akkiraju, IBM Distinguished Engineer, says.
Speaking at the Global Entrepreneurship Summit, she raised a basic question: who owns this data — and how should this be used?
Providing insights into ‘How artificial intelligence will shape tomorrow’, Akkiraju says the broad areas of artificial intelligence and machine learning could be innovatively used to address some of the complex problems humans face and to simplify life.
Referring to the importance of nanobots and chatbots, Nivruti Rai, Intel India, Country Head, says, “Researchers have shown that it is possible to deploy nanobots to kill all cancerous cells in a human body within 60 seconds. However, a larger debate is necessary in the healthcare regulatory environment before something like this is actually used.”
And if driverless cars of the future can read gestures and quickly analyse gaze, they will be able to do what humans can do — swerve or turn.
In some ways, the future is already here, with driverless cars, and intelligent and personal assistants such as Siri, Cortana, Google Now, Alexa of Amazon — which is now being used in homes and will possibly be used in offices.
Akkiraju says, “AI will help us in a number of ways in our personal life, healthcare, manufacturing, transport management and so on.”
Already efforts are on to use chatbots to engage elderly people in Japan and China.
Shubha Nabar, Senior Director of Data Science at Salesforce.com, says, “We continue to focus on simplifying processes and automate things. While there is growing concern about job losses due to the impact of AI on various aspects of life, it is set to emerge as a creator of next-gen entrepreneurs who will help create new types of jobs.”
Nabar says these technologies have the potential to transform life — with wearable devices, deep learning models, personalised predictions and pro-active healthcare. These areas will create thousands of businesses.
Elizabeth Gore, Chairman and President of the business advisory platform Alice, says, “Alice serves as an intelligent AI platform and helps people get answers to queries for some of their problems. Using machine learning technologies, it simplifies processes and provides answers.”
Rai of Intel says, “AI, which is a confluence of data and algorithms and advances in machine learnings, provides breakthrough results for some of the problems we face, in areas such as improving the healthcare.”
Accuracy of diagnosticsFor instance, Akkiraju says, “AI can be used to improve the accuracy of diagnostics such as breast cancer and thereby ensure provide better/early healthcare.”
“We are adding data at an explosive rate and this will get bigger and bigger with each passing day. The challenge we face is to make better use of the available data, both structured and unstructured,” Akkiraju says.
And, significantly, the jury is still out on who ‘owns’ all this data that is being generated.