AI platforms have been recognized as path-breaking in different business sectors. Companies across the world are investing in AI platforms to meet the strategic business interests and to keep pace with the ever-evolving and disruptive technology. As mature enterprises are defining AI strategy, it won’t be an exaggeration to say that AI tools alone will add trillions of dollars in business value in the foreseeable future. Unlocking the innumerable benefits AI offers can streamline the future of technology.
What is AI Platform Software?
AI platform software provides tools and technologies required to build AI models and applications. It helps to analyze, organize, access, and provide advisory services based on a range of structured and unstructured information. With a set of algorithms, AI software assists machines to perform multiple tasks by analyzing data patterns. Also, it facilitates the development of intelligent assistants that mimic human cognitive abilities and thus deliver machine intelligence or artificial intelligence.
Chatbots, drones, and robots are stellar examples that work on AI software.
How does AI Software work?
AI Platforms have layers that use different frameworks, languages, and tools and allow organizations to deploy machine learning models. These layers can be categorized as-
Data and Integration Layer– This layer allows the AI scientists to easily access data from various systems in order to train the AI algorithms. It is essential for the data to be in good quality so that AI scientists can build the data flows without spending time on data quality improvement.
Experimentation Layer– This layer automates processes like feature engineering, feature selection, model selection, model optimization, and model interpretability and enables Data Scientists to generate and verify a hypothesis.
Operations and Deployment Layer– This layer allows the AI scientists to manage the model risk assessment. Based on it, the model compliance team or the model governance team can verify the model. Also, it offers tools that aid in controlling the deployment of models across the enterprise.
Latest trends in the AI industry
Large-scale enhancements in code, form, and implementation of AI software and its adjoining fields of computing science have progressively impacted the future of every industry. It will continue to be the technological innovator for the coming years. Some of the trends set to impact what software is used for AI are-
- AI-enabled smart chips that will assist different applications like photography, visual and virtual assistants, OIC, AI-based translation of the text, etc., for faster, better, and satisfying human and machine interaction.
- Robotic Process Automation that will reduce manual administrative efforts.
- AI-powered Cyber Security by being at the forefront to increase the transparency in transactions, cyber frauds, and keeping an eye on unsecured and unaccounted accesses.
- Increased efficiency in Machine Learning to make the business processes efficient for improved ROI.
- AI and IoT devices that will make human lives more productive.
With the rising need, AI software is used progressively as a part of business programming. It catalyzes the company’s operations by helping in automating the procedures and getting the business insights.
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