We have reached a turning point in history…
Most people don’t know it, but our lives are about to radically change. Artificial intelligence (AI) has advanced to the point where computers can start learning from their own experiences.
Now, this might not sound like much, but it is extraordinary. Let me explain…
As humans, we often repeat our mistakes. AI never makes the same mistake twice. It corrects, and then it never happens again.
But it’s even better than that. You see, anytime an AI recognizes a mistake, or learns from experience, every other AI in the network learns from that experience… and they ALL never forget.
The learning process is exponentially fast. Every experience is captured and leveraged by the network of AIs. And this will bring profound changes faster than you can imagine.
Take electric carmaker Tesla (NASDAQ:TSLA). It recently launched an early version of a self-driving car. In Tesla’s system, a driver acts as a “trainer” for the AI system, and the AI learns what to do and how to do it… and it learns very quickly.
Already owners are impressed with the system’s ability to self-improve.
Social network company Facebook (NASDAQ:FB) is also working on an AI product called “M.” This is Facebook’s new personal AI assistant. At the moment, it is being beta-tested only in the San Francisco area. But it will be launched widely in the coming months.
For now, Facebook is using humans to check all of M’s communications with users. If M’s proposed response isn’t correct, the Facebook employee will adjust to a more appropriate response, teaching the system in the same way human drivers train Tesla’s self-driving system.
As a result, M is learning in real time with the assistance of human direction.
There are a number of other big AI assistant initiatives in the works: Apple (NASDAQ:AAPL) with Siri, Microsoft (NASDAQ:MSFT) with Cortana, and Amazon (NASDAQ:AMZN) with Alexa.
We use Alexa in our Delray Beach office…
It’s not just the big tech companies that are focusing on this space. AI-related venture capital investments exceeded $600 million in the last 12 months.
One of the lesser-known companies that I’m tracking is called Viv. It was established by many of the same people who built Apple’s Siri… and they are developing a more versatile AI for a variety of other uses.
Viv’s motto is “radically simplify the world by providing an intelligent interface to everything.”
The market for AI-enabled digital assistants will approach $10 billion in less than 10 years. Needless to say, fortunes will be made in this space, and this technology will literally transform… and improve how we live our daily lives.
Source: Jeff Brown
19 Powerful Ways To Use Artificial Intelligence In Ecommerce
1. Create customer-centric search
2. Retarget potential customers
3. Identify exceptional target prospects
4. Create a more efficient sales process
5. Create a new level of personalisation across multiple devices
6. Provide a personal touch with chatbots
7. Empower store workers
8. Implement virtual assistants
9. Integrate with everyday household items
10. Improve recommendations for customers
11. Introduce virtual personal shoppers
12. Work with intelligent agents
13. Build an ‘assortment intelligence’ tool
14. Bridge the gap between personalisation and privacy
15. Generate sales through wearable technology
16. Improve dialogue systems
17. Tackle fake reviews
18. Combat counterfeit products
19. Localise the customer experience