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Next version of Artificial Intelligence ?
People normally ask me what challenges we face in machine learning. Having answered same question multiple times, we started looking into what we can do about it.
I love to talk in analogy terms, and when I think about a chef who has perfected the recipe, ideally his job can be automated — because machine has learned what to make and how to make it — Is it?
If you stop for a moment and think what is the assumption here, Life is constant and remains static
So now even if you have replaced that chef with robot, your profit margins for some time would increase as you have removed labor cost from the equation and are happy with one time capital expense with little ongoing operational maintenance cost. Slowly and steadily your customers would get “bored” from the same menu, even if you have created a permutation / combination of multiple recipes — Now what ? Do you want to paint your walls or getting new chairs, hoping customer would show up ?
Now think, you had a choice — Choice to automate or choice to make your workforce smarter ? Here comes “Cognitive analytics — the next version of AI” in which you just don’t replicate success/mistakes of past “blindly” however you learn from every customer / business interaction and adjust your “dishes menu” in a way to maximize “future” revenue potential.