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Role of Artificial Intelligence in Financial Analysis

Artificial Intelligence replicates human intelligence in the automated processes that machines perform. Machines require human intelligence to execute actions. These computer processes are data learning-based and can respond, recommend, decide and autocorrect on the basis of interactions.

Financial Analysis is a process of evaluating business and project suitability, the company’s stability, profitability, and performance. It involves professional expertise. It needs a lot of financial data from the company to analyze and predict.

Types of Financial Analysis:

Types of Financial Analysis
  1. Cash Flow: It checks Operating Cash Flow, Free Cash Flow (FCF).
  2. Efficiency: Verify the asset management capabilities of the company via Asset turnover ratio, cash conversion ratio, and inventory turnover ratio.
  3. Growth: Year over year growth rate based on historical data
  4. Horizontal:  It is comparing several years of data to determine the growth rate.
  5. Leverage: Evaluating the company’s performance on the debt/equity ratio
  6. Liquidity: Using the balance sheet it finds net working capital, a current ratio
  7. Profitability: Income statement analysis to find gross and net margins
  8. Rates of Return: Risk to return ratios such as Return on Equity, Return on Assets, and Return on Invested Capital.
  9. Scenario & Sensitivity: Prediction through the worst-case and best-case scenarios
  10. Variance: It compares the actual result to the budget or the forecasts of the company
  11. Vertical Analysis: Income divided by revenues.
  12. Valuation: Cost Approach, Market Approach, or other methods of estimation.

Role of AI in Financial Analysis:

The finance industry is one of the major data collectors, users, and processors. Financial Services sector and its services are specialized and have to be precise.

Finance organizations include entities such as retail and commercial banks, accountancy firms, investment firms, loan associations, credit unions, credit-card companies, insurance companies, and mortgage companies.

Artificial intelligence can teach machines to perform these calculations and analysis just as humans do. We can train machines, the frequency of financial analysis can be set, and accessibly to reports has no time restrictions.

How AI is implemented in Financial Analysis?

AI implementation in Financial Analysis

Artificial intelligence adopted by Financial Services is changing the customer expectation and directly influences the productivity of this sector.

Implementation of Artificial intelligence in the Finance Sector:

  • Automation
  • To streamline processes
  • Big data processing
  • Matching data from records
  • Calculations and reports
  • Interpretations and expectations
  • Provide personalized information

Challenges these financial institutions face in implementing AI is the number of trained data scientists, data privacy, availability, and usability of data.

Quality data helps in planning and budgeting of automation, standardizing processes, establishing correlation. Natural language processing –NLP used in AI is quite a communicator still with over 100 languages spoken in India and 6500 languages across the globe, the development of interactive sets is challenging.

Add Virtual assistants/ Chatbots to the website, online portals, mobile applications and your page on the social media platform. Chatbots can indulge in basic level conversations, reply FAQs, and even connect the customer to a live agent. Machine Learning technology lowers costs of customer service, operations, and compliance costs of financial service providers. AI provides input to the financial analysts for in-depth analysis.

Advantages of AI in Financial Analysis

Advantages of Artificial Intelligence in Financial Analysis:

  1. Mining Big Data: AI uses Big data to improve operational activities, investigation, research, and decision-making. It can search for people interested in financial services and other latest finance products launched in the market.
  2. Risk Assessment: AI can assess investment risks, low-profit risks, and risks of low returns. It can study and predict the volatility of prices, trading patterns, and relative costs of services in the market.
  3. Improved Customer Service: Catering customers with their preset preferences is possible with virtual assistants. Artificial Intelligence understands requests raised by customers and is able to serve them better.
  4. Creditworthiness & Lending: AI helps to process the loan applications, highlights risks associated, crosscheck the authenticity of the applicant’s information, their outstanding debts, etc.
  5. Fraud Prevention: Systems using Artificial Intelligence systems can monitor, detect, trace, and interrupt the identified irregularities. It can identify any transaction involving funds, account access, and usage all that indicate fraud. This is possible with the data processing it does on the historic data, access from new IPs, repetitive errors or doubtful activities and activations.
  6. Cost Reduction: AI can reduce costs of financial services and reduce human efforts, lessens the requirement of resources, and adds to accuracy in mundane tasks. Sales conversion is faster due to the high response rate and saves new customer acquisition costs. Maximizing resources can save time and improve customer service, sales, and performance.
  7. Compliances: Financial data is personal hence, data security, and privacy-related compliances based on norms, rules, and regulations of that region being met. While companies use and publish data, General Data Protection Regulation (GDPR) laws protect individuals and abide by companies to seek permission before they store user data.
  8. Customer Engagement: Recommendations and personalized financial services by AI can meet unique demands and optimize offerings. It can suggest the investment plans considering existing savings, investment choices, habits, and other behavioral patterns, returns expected in percentage as well as in long term or short term, future goals.
  9. Creating Finance Products: AI can help finance industry to create intelligent products from learning’s from the financial datasets. Approaching existing clients for new products or acquiring new is faster with AI technology.
  10. Filtering information: AI helps faster search from a wide range of sources. Search finance services, products, credit-scores of individuals, ratings of companies and anything you need to improve service.
  11. Automation: Accuracy is crucial in the finance sector and while providing financial services. Human decisions are prone to influence of situations, emotions, and personal preferences but AI can follow the process without falling into any loopholes. It can understand faster and convey incisively. Automation of processes can improve with face recognition, image recognition, document scanning, and authentication of digital documents, confirmation of KYC documents, and other background checks; necessary for selective finance services.
  12. Assistance: Text, image and speech assistance helps customers to ask questions, get information, and download or upload documents, connect with company representatives, carry out financial transactions and set notifications.
  13. Actionable items: Based on the financial analysis the insights generated to provide a competitive advantage to the company. A large customer base and its complex data are simplified by AI and send information to the concerned department for scheduling actions. These insights are gathered from all modes of online presence i.e. Website, social media, etc.
  14. Enhanced Performance: Business acceleration, increase in productivity and performance is a result of addition to the AI knowledge base. The overall use of AI technology is adding to opportunities in the finance sector.

Companies utilizing Artificial Intelligence in Financial Analysis:

  1. Niki.ai: This company has worked on various chatbot projects e.g. HDFC bank FB chat provides banking services and attracts additional sales. It created a smartphone application for Federal Bank. Niki the chatbot can guide the customers looking for financial services, e-commerce and retail business with its recommendations. It can assist in end-to-end online transactions for online hotel and cab, flight or ticket booking.
  2. Rubique:  It is a lender and applicant matchmaking platform. The credit requirements of applicants are studied before recommendation from this AI-based platform. It has features like e-KYC, bank statement analysis, credit bureau check, generating credit memo & MCA integration. It can track applications in real-time and help to speed up the process.
  3. Fluid AI: It is committed to solving unique and big problems of finance, marketing, government and some other sectors using the power of artificial. It provides a highly accurate facial recognition service that enhances security.
  4. LendingKart: This platform serves by tackling the process of loans to small businesses and has reached over 1300 cities. LendingKart developed technology tools based on big data analysis to evaluate borrower’s creditworthiness irrespective of flaws in the cash flow or past records of the vendor.
  5. ZestFinance: It provides AI-powered underwriting solutions to help companies and financial institutions, find information of borrowers whose credit information is less and difficult to find.
  6. DataRobot: It has a machine learning software designed for data scientists, business analysts, software engineers, and other IT professionals. DataRobot helps financial institutions to build accurate predictive models to address decision-making issues for lending, direct marketing, and fraudulent credit card transactions.
  7. Abe AI: This virtual financial assistant integrates with Amazon Alexa, Google Home, Facebook, SMS, web, and mobile to provide customers convenience in banking. Abe released a smart financial chatbot that helps users with budgeting, defining savings goals and tracking expenses.
  8. Kensho: The company provides data analytics services to major financial institutions such as Bank of America, J.P. Morgan, Morgan Stanley, and S&P Global. It combines the power of cloud computing, and NLP to respond to the complex financial questions.
  9. Trim: It assists customers in rising saving by analyzing their spending habits. It can highlight and cancel money-wasting subscriptions, find better options for insurance and other utilities, the best part is it can negotiate bills.
  10. Darktrace: It creates cybersecurity solutions for various industries by analyzing network data. The probability-based calculations can detect suspicious activities in real-time, this can prevent damage and losses of financial firms. It can protect companies and customers from cyber-attacks.

Conclusion:

The future of Artificial Intelligence in Financial Analysis is dependent on continuous learning of patterns, data interpretation, and providing unique services. Financial Analysis and Artificial Intelligence have introduced new management styles, methods of approaching and connecting with customers for financial services. The considerations of choices increase the comfort level of customers and sales. Organizations become data-driven and it helps them to launch, improve, and transform applications.

The insights, accuracy, efficiency, predictions, and stability have created a positive impact on the finance sector.

10 common challenges in building high-quality ai training data

Artificial Intelligence is a wonderful computer science that creates intelligent machines to interact with humans. These machines play an analytical role in learning, planning as well as problem-solving. The technical and specialized aspects that AI data covers, can give an advantage over the conceptual designs.

AI was founded in the year 1956, motivated the transfer of human intelligence to machines that can work on specified goals. This led to the development of 3 types of artificial intelligence.

Types of AI

  1. Artificial Narrow Intelligence – ANI 
  2. Artificial General Intelligence – AGI 
  3. Artificial Super Intelligence – ASI 

Speech recognition and voice assistants are ANI, general-purpose tasks handled the way a human would is AGI while ASI is powerful than human intelligence. 

Why AI is Important?

AI performs the frequent and high-volume tasks with precision and the same level of efficiency every time. It adds capabilities to the existing products. This technology revolves around large data sets to perform faster and better.

The science and engineering of making intelligent machines is flourishing on technology. 

The ultimate aim is to make computer programs that can conveniently solve problems with the same ease as humans do. 

According to Market and Markets, the global autonomous data platform is predicted to become a USD 2,210 billion industry and AI market size to reach USD 2,800 million by the year 2024. The data analysis, storage, and management market in life sciences are projected to reach USD 41.1 billion by the year 2024.

The growth of artificial intelligence is due to ongoing research activities in the field. 

AI Models: The top 10 AI models based on their algorithms understand and solve the problems. 

  1. Linear regression
  2. Logistic regression
  3. Linear Discriminant Analysis – LDA
  4. Decision Trees
  5. Naive Bayes
  6. K-Nearest Neighbors
  7. Learning Vector Quantization – LVQ
  8. Support Vector Machines
  9. Bagging & Random Forest
  10. Deep Neural Networks

AI can accustom to gradually developing learning algorithms that let the data do the programming. The right model can classify and predict data. AI can find and define structures and identify regularities in data to help the algorithm acquire new skills. The models can adapt to the new data fed during training. It can use new techniques when the suggested solutions are not satisfactory and the user demands more solutions.

AI-powered models help in development and advancements that cater to the business requirements. The selection of a model depends on parameters that affect the solutions you are about to design. These models can enhance business operations and improve existing business processes.

AI models help in resourcefully delivering innovative solutions.  

AI Training Data

Human intelligence is achievable by assembling vast knowledge with facts and establishing data relations.

According to the survey of dataconomy, nearly 81% of 225 data scientists found the process of AI training difficult than expected even with the data they had. Around 76% were struggling to label and interpret the training data.

We require a lot of data to train deep learning models as they learn directly from the data. Accuracy of output and analysis depends on the input of adequate data.

AI training data

AI can achieve an unbelievable level of accuracy through training data. It is an integral part based on which the accurate results or predictions are projected.

Data can improve the interactions of machines with humans. Healthcare-related activities are dependent on data accuracy. The AI techniques can improve the routine medical checks, image classification or object recognition that otherwise would have required humans to accompany the machines.

AI data is the intellectual property that has high value and weight for the algorithms to begin self-learning. Ultimately, the solutions to queries are lying somewhere in the data, AI finds them for you, and helps in interpreting the application data. Data can give a competitive advantage over other industry players even when similar AI models and techniques are used the winner will be best and accurate data. 

Industries that need AI training data

  • Automotive: AI can improve productivity and help in decision making for vehicle manufacturing.
  • Agriculture: AI can track every stage of agriculture from seeding to final production.
  • Banking & Financial Services: AI facilitates financial transactions, investments, and taxation services.
  • FMCG: AI can keep the customers informed of the latest FMCG products and their offers.
  • Energy: AI can forecast in renewable energy generation, making it more affordable and reliable.
  • Education: Using AI technology and the student data helps the universities to communicate for the exams, syllabus, results and suggesting other courses. 
  • Healthcare: AI eases patient care, laboratory, and testing activities, as well as report generation after analyzing the complex data.

(Read here: 9 Ways AI is Transforming Healthcare Industry)

  • Industrial Manufacturing: The procedural precautions in manufacturing and the standardization is what AI can deliver.
  • Information Technology: AI can detect the security threat and the data they have can prepare companies in advance for the threat.
  • Insurance: AI bridges the gaps in insurance renewals and benefits the customers and companies both.
  • Media & Entertainment: AI can initiate notifications relating to the news and entertainment as per the data preferences stored.
  • Sales & Marketing: AI can smoothen and automate the process of ordering or promoting the products.
  • Telecom: AI can personalize recommendations about telecom services.
  • Travel: AI can facilitate travel decisions, booking tickets and check-in at airports.
  • Transport & Warehousing: AI can track, notify, and crosscheck the in transit and warehousing details.
  • Retail: AI can remind the frequent buyers of the list of products to the customers who prefer to buy from retail outlets.
  • Pharmaceuticals: The medicine formulation and new inventions are where AI can be helpful.

All functions in the industry’s improvement are possible only based on historic and ground-level data. The data dependency can add to challenges as the relational database and its implementation only make AI effective. AI training data is useful to companies; for automation of customer care, production, and operational activities. AI technology helps in cost reduction once implemented.

Read here: 8 Industries AI is transforming

Common AI Training Data Challenges

AI is programmed to perform selective tasks, assigning new tasks can be challenging. The limited experience and data can create obstacles in training the machines for new and creative methods of using the accumulated data. The costs of implementing AI technology are higher restricting many from using it. Machines are likely to replace human jobs but on the other hand, we can expect quality work assigned to humans. Ultimately the induced thought process cannot replace what humans can do hence the machine cannot innovatively perform tasks.

AI can take immediate actions but the accuracy is related directly to the quality of data stored. If the algorithms suit the type of task you want the machines to perform, the results will be satisfactory else, dissatisfaction will mount.

Ten most common challenges companies face in AI training data:

  1. Volumes of Data: Repetitive learning is possible with the use of existing data, which means that a lot of data, is required for training. 
  2. Data Presentation: The computational intelligence, statistical insights, processing, and presentation of data are of utmost importance for establishing a relationship with data. Limited data and faulty presentation can interrupt the predictive analysis for which AI data is built.
  3. Proper use of Data: Automation based on the data, the base that improves many technologies. This data is useful in creating conversational platforms, bots, and smart machines.
  4. Variety of Data: AI needs data that is comprehensive to perform automated tasks. Data from computer science, engineering, healthcare, psychology, philosophy, mathematics, finance, food industry, manufacturing, linguistics, and many more areas are useful.
  5. AI Mechanics: We need to understand the mechanisms of artificial intelligence to generate, collect, and process data; for the computational procedures, we want to handle smartly. 
  6. Data Accuracy: Data itself is a challenge especially if erroneous, biased, or insufficient. Even unusable formats of data, improper labeling of data or the tools used in data labeling can affect the accuracy. Data collected vary in formats and quality as collected from diverse sources such as e-mails, data-entry forms, surveys, or company website. Consider the pre-processing requisites for bringing all the attributes to proper structures for making data usable. 
  7. Additional Efforts on Data: Nearly 63% of enterprises have to build automation technology for labeling and annotation. Data integration requires extra attention even before we start labeling.
  8. Data Costs: Data generation for AI is costly but implementing it in projects can result in cost reduction. Missing links of data can add to the costs of data correction. The initial investment is huge hence; the process and strategies require proper planning and implementation.
  9. Procuring Data: Obtaining large data sets requires a lot of effort for companies. Other than that de-duplication, removing inconsistencies are some of the major and time-consuming activities. Transferring the learning from one set of data to another is not simple. The practical use of AI data in training is complex than it looks due to a variety of data sets on industries.
  10. Data Permissions: Personal data, if collected without permission, can create legal issues. Data theft and identity theft are some allegations, which no company would like to face. Choose the right data for representing that criteria or population. 

With a lack of training data or quality issues, can stall AI projects or be the principal reason for project failure. AI technology is reliable but the human capabilities are restricted with the dependencies they create. 

Read here: 7 Best Practices for creating High-quality Training Data

Another viewpoint is something humans already know cannot be erased. With the help of AI technology, enhance the speed, and accuracy of tasks. Human has superiority in terms of thinking, getting the tasks done and even automating them with AI. Human life is precious and in risky situations, while experimenting, the AI machines are worth considering.

Like all the technologies, AI comes with its own set of pros and cons and we need to adapt it wisely.

The need for training data in ai and ml models

Not very long ago, sometime towards the end of the first decade of the 21st century, internet users everywhere around the world began seeing fidelity tests while logging onto websites. You were shown an image of a text, with one word or usually two, and you had to type the words correctly to be able to proceed further. This was their way of identifying that you were, in fact, human, and not a line of code trying to worm its way through to extract sensitive information from said website. While it was true, this wasn’t the whole story.

Turns out, only one of the two Captcha words shown to you were part of the test, and the other was an image of a word taken from an as yet non-transcribed book. And you, along with millions of unsuspecting users worldwide, contributed to the digitization of the entire Google Books archive by 2011. Another use case of such an endeavor was to train AI in Optical Character Recognition (OCR), the result of which is today’s Google Lens, besides other products.

Do you really need millions of users to build an AI? How exactly was all this transcribed data used to make a machine understand paragraphs, lines, and individual words? And what about companies that are not as big as Google – can they dream of building their own smart bot? This article will answer all these questions by explaining the role of datasets in artificial intelligence and machine learning.

ML and AI – smart tools to build smarter computers

In our efforts to make computers intelligent – teach them to find answers to problems without being explicitly programmed for every single need – we had to learn new computational techniques. They were already well endowed with multiple superhuman abilities: computers were superior calculators, so we taught them how to do math; we taught them language, and they were able to spell and even say “dog”; they were huge reservoirs of memory, hence we used them to store gigabytes of documents, pictures, and video; we created GPUs and they let us manipulate visual graphics in games and movies. What we wanted now was for the computer to help us spot a dog in a picture full of animals, go through its memory to identify and label the particular breed among thousands of possibilities, and finally morph the dog to give it the head of a lion that I captured on my last safari. This isn’t an exaggerated reality – FaceApp today shows you an older version of yourself by going through more or less the same steps.

For this, we needed to develop better programs that would let them learn how to find answers and not just be glorified calculators – the beginning of artificial intelligence. This need gave rise to several models in Machine Learning, which can be understood as tools that enhanced computers into thinking systems (loosely).

Machine Learning Models

Machine Learning is a field which explores the development of algorithms that can learn from data and then use that learning to predict outcomes. There are primarily three categories that ML models are divided into:

Supervised Learning

These algorithms are provided data as example inputs and desired outputs. The goal is to generate a function that maps the inputs to outputs with the most optimal settings that result in the highest accuracy.

Unsupervised Learning

There are no desired outputs. The model is programmed to identify its own structure in the given input data.

Reinforcement Learning

The algorithm is given a goal or target condition to meet and it is left to its devices to learn by trial and error. It uses past results to inform itself about both optimal and detrimental paths and charts the best path to the desired endgame result.

In each of these philosophies, the algorithm is designed for a generic learning process and exposed to data or a problem. In essence, the written program only teaches a wholesome approach to the problem and the algorithm learns the best way to solve it.

Based on the kind of problem-solving approach, we have the following major machine learning models being used today:

  • Regression
    These are statistical models applicable to numeric data to find out a relationship between the given input and desired output. They fall under supervised machine learning. The model tries to find coefficients that best fit the relationship between the two varying conditions. Success is defined by having as little noise and redundancy in the output as possible.

    Examples: Linear regression, polynomial regression, etc.
  • Classification
    These models predict or explain one outcome among a few possible class values. They are another type of supervised ML model. Essentially, they classify the given data as belonging to one type or ending up as one output.

    Examples: Logistic regression, decision trees, random forests, etc.
  • Decision Trees and Random Forests
    A decision tree is based on numerous binary nodes with a Yes/No decision marker at each. Random forests are made of decision trees, where accurate outputs are obtained by processing multiple decision trees and results combined.
  • Naïve Bayes Classifiers
    These are a family of probabilistic classifiers that use Bayes’ theorem in the decision rule. The input features are assumed to be independent, hence the name naïve. The model is highly scalable and competitive when compared to advanced models.
  • Clustering
    Clustering models are a part of unsupervised machine learning. They are not given any desired output but identify clusters or groups based on shared characteristics. Usually, the output is verified using visualizations.

    Examples: K-means, DBSCAN, mean shift clustering, etc.
  • Dimensionality Reduction
    In these models, the algorithm identifies the least important data from the given set. Based on the required output criteria, some information is labeled redundant or unimportant for the desired analysis. For huge datasets, this is an invaluable ability to have a manageable analysis size.

    Examples: Principal component analysis, t-stochastic neighbor embedding, etc.
  • Neural Networks and Deep Learning
    One of the most widely used models in AI and ML today, neural networks are designed to capture numerous patterns in the input dataset. This is achieved by imitating the neural structure of the human brain, with each node representing a neuron. Every node is given activation functions with weights that determine its interaction with its neighbors and adjusted with each calculation. The model has an input layer, hidden layers with neurons, and an output layer. It is called deep learning when many hidden layers are encapsulating a wide variety of architectures that can be implemented. ML using deep neural networks requires a lot of data and high computational power. The results are without a doubt the most accurate, and they have been very successful in processing images, language, audio, and videos.

There is no single ML model that offers solutions to all AI requirements. Each problem has its own distinct challenges, and knowledge of the workings behind each model is mandatory to be able to use them efficiently. For example, regression models are best suited for forecasting data and for risk assessment. Clustering modes in handwriting recognition and image recognition, decision trees to understand patterns and identify disease trends, naïve Bayes classifier for sentiment analysis, ranking websites and documents, deep neural networks models in computer vision, natural language processing, and financial markets, etc. are more such use cases.

The need for training data in ML models

Any machine learning model that we choose needs data to train its algorithm on. Without training data, all the algorithm understands is how to approach the given problem, and without proper calibration, so to speak, the results won’t be accurate enough. Before training, the model is just a theorist, without the fine-tuning to its settings necessary to start working as a usable tool.

While using datasets to teach the model, training data needs to be of a large size and high quality. All of AI’s learning happens only through this data. So it makes sense to have as big a dataset as is required to include variety, subtlety, and nuance that makes the model viable for practical use. Simple models designed to solve straight-forward problems might not require a humongous dataset, but most deep learning algorithms have their architecture coded to facilitate a deep simulation of real-world features.

The other major factor to consider while building or using training data is the quality of labeling or annotation. If you’re trying to teach a bot to speak the human language or write in it, it’s not just enough to have millions of lines of dialogue or script. What really makes the difference is readability, accurate meaning, effective use of language, recall, etc. Similarly, if you are building a system to identify emotion from facial images, the training data needs to have high accuracy in labeling corners of eyes and eyebrows, edges of the mouth, the tip of the nose and textures for facial muscles. High-quality training data also makes it faster to train your model accurately. Required volumes can be significantly reduced, saving time, effort (more on this shortly) and money.

Datasets are also used to test the results of training. Model predictions are compared to testing data values to determine the accuracy achieved until then. Datasets are quite central to building AI – your model is only as good as the quality of your training data.

How to build datasets?

With heavy requirements in quantity and quality, it is clear that getting your hands on reliable datasets is not an easy task. You need bespoke datasets that match your exact requirements. The best training data is tailored for the complexity of the ask as opposed to being the best-fit choice from a list of options. Being able to build a completely adaptive and curated dataset is invaluable for businesses developing artificial intelligence.

On the contrary, having a repository of several generic datasets is more beneficial for a business selling training data. There are also plenty of open-source datasets available online for different categories of training data. MNIST, ImageNet, CIFAR provide images. For text datasets, one can use WordNet, WikiText, Yelp Open Dataset, etc. Datasets for facial images, videos, sentiment analysis, graphs and networks, speech, music, and even government stats are all easily found on the web.

Another option to build datasets is to scrape websites. For example, one can take customer reviews off e-commerce websites to train classification models for sentiment analysis use cases. Images can be downloaded en masse as well. Such data needs further processing before it can be used to train ML models. You will have to clean this data to remove duplicates, or to identify unrelated or poor-quality data.

Irrespective of the method of procurement, a vigilant developer is always likely to place their bets on something personalized for their product that can address specific needs. The most ideal solutions are those that are painstakingly built from scratch with high levels of precision and accuracy with the ability to scale. The last bit cannot be underestimated – AI and ML have an equally important volume side to their success conditions.

Coming back to Google, what are they doing lately with their ingenious crowd-sourcing model? We don’t see a lot of captcha text anymore. As fidelity tests, web users are now annotating images to identify patterns and symbols. All the traffic lights, trucks, buses and road crossings that you mark today are innocuously building training data to develop their latest tech for self-driving cars. The question is, what’s next for AI and how can we leverage human effort that is central to realizing machine intelligence through training datasets?

5 common misconceptions about AI

Ever wondered what your life would be without those perky machines lying around which sometimes/most times replaced a significant part of your daily routine? In Terminology fancied by Scientists, we call them AI (Artificial Intelligence,) and in plain layman or lazy man terms that is us, we fancy calling them machines and bots.

Let’s define the exact meaning of AI in terms of science because I hate disappointing aspiring scientists out there who don’t take puns lightly. For those that do, welcome to the fraternity of loose and lost minds. Let’s get down to business, shall we?

Definition: Artificial Intelligence or machine intelligence, is intelligence demonstrated by machines in contrast to the natural intelligence displayed by humans. Colloquially, the term "artificial intelligence" is often used to describe machines (or computers) that mimic "cognitive" functions that humans associate with the human mind such as "learning" and "problem-solving.”

Isn’t it evident I copied the above definition from Wikipedia? And did your natural intelligence decipher the meaning of the definition stated above?

Let me introduce you to the lazy man definition of Artificial Intelligence. Like all engineering scholars, I will take the absolute pleasure of dismantling the words and assembling it together again.

Artificial – Non-Human, something that can’t breathe air or respond to a feeling. 

Intelligence – the ability to display intellect, sound reasoning, judgment, and a ready wit.

Put the two words together and voila! Artificially intelligent machines are capable of displaying or mimicking human intellect, sound reasoning, and judgment towards it's surrounding.

Now that we got the definition of AI out of the way, look around you, what do you see? What’s in your hands? Do you not spot a single electronic device or bots?

Things or machines work a lot differently in this era. You must be awestruck of the skyrocketing shiny monuments. The big bird moving 33,000ft above your head carrying humans from one country to another, hospitals treating the diseased and the ill with technology your mind can’t fathom.

Fast cars, microwave and yes, we no longer communicate using crows or pigeons we have cell phones!

Don’t be surprised if I reveal that these are the necessity and an extension to our lives. And no, we cannot live without them anymore.

Our purpose of life has changed drastically, growing crops and putting food on the table isn’t what give us lines on the forehead. We built replacement models that take care of that too. We are living in a fast lane where technology, eventually, will slingshot us to the moon or another planet.

With such a drastic rise in AI and the current trend where all companies want a piece of it, there are some misconceptions about AI as well. With this blog, I try to debunk the misconceptions highlighting both the positive and negative aspects of artificial intelligence.

“If these machines are handling even the simplest of tasks, what are people going to do? Is it the destruction of jobs?”

Fret not. If there is technological advancement, there are always career opportunities as it is the human mind that does the ‘thinking.’ You are the master of your creation.

In fact, in 2020 there will be 2.3 million new jobs available thanks to AI, which results in less muscle power and more brainpower.

“Can Artificial Intelligence solve any/all problems?“

This question is debatable, while AI is designed to assist and make our jobs easier, it cannot save a human being from rubbing off cancers and illness.

Human intelligence hasn’t discovered a way to program the bots to predict or diagnose illness proactively. One must remember, bots act on what is fed/programmed by humans.

“Is AI infallible?“

If you thought it was, then I have slightly bad news. Humans are in a common misconception assuming the machines are no less than perfection and display little to no mistake. The non-sentient systems are trained by us, data selected and curated by us, and human tendency is to make mistakes and learn from them.

Artificial Intelligence is just as good as the training data used, which is created by humans. Any mistake with the training data will reflect on the performance of the system and the technology will be compromised. Ensuring you use a high-quality training dataset is critical to the success of the AI system.

Speaking of data being compromised, during the 2016 presidential election campaign, we witnessed the information of US citizens being evaluated by gaining access to their social media accounts. To proactively block their social media feeds with ads that will prove to be of interest. Therefore, stealing away the votes from the opposition.

We call this “data/information manipulation.” Sadly, the downside of Artificial Intelligence.

“AI must be expensive.”

Well, implementing a fully automated system doesn’t come easy and doesn’t come cheap. But depending on the needs and goals of the organization, it may be entirely possible to adopt AI and get the desired results without breaking your treasure chest.

The key is for each business to figure out what they want and apply AI as needed, for their unique goals and company scale. If businesses can workout their scalability and incorporate the right Artificial intelligence, it can be economical in the long run.

“Will Artificial Intelligence be the end of humanity?”

We are a work in progress, standing at the foyer of technological advancements with a long way to go. But, much like the misconception about robots replacing humans in the workforce, the question is more of smoke in the mirror.

The AI in its current level is not fully capable of self-conscious and decision making. Don’t let Star Trek, Iron Man and Terminator movies fool you into believing bots will lose their nuts (literally and hypothetically) and foreshadow the destruction of humanity. On the flip side, it is the natural disasters the bots are being designed to protect us from.

Oh, look what’s in every body’s hand, it’s what we call a cell phone. A device primarily designed to communicate with people that are at a greater distance.

Communication takes place using microwaves, very different from sand waves. Look closely and you’ll see people doing weird things using their fingers on the cell phone and a weird thing hanging from their ears going through to the same device. Yes, these devices are their partners for life.

Here we are, say Konnichiwa to the lady, don’t touch her! She’s just a hologram.

Welcome to the National Museum of Emerging Science and Innovation simply known as the Miraikan (future museum) where obsessiveness over technology has led us to build a museum for itself.

There’s Asimo, the Honda robot and, what you’re looking at isn’t another piece of asteroid that struck earth years ago, it is Geo-Cosmos. A high-resolution globe displaying near real-time events of global weather patterns, ocean temperatures, and vegetation covering across geographic locations.

You must be contemplating why has mankind reached such level of advancement? Let’s go back to the last question “Will AI be the end of humanity?”

The seismometer, a device that responds and records the ground motions, earthquake, and volcanic eruptions. There are a lot of countries that have lost far too many lives to even comprehend the tragic events of active earthquakes.

This device is a way to predict and bring citizens of Japan to safe grounds. Artificial Intelligence will not be the end of humanity, it can, in fact, be the opposite and could be an answer to humanity’s biggest natural calamities and disasters.

The human mind is something to behold, from its complex neural nerves in the brain to the nerves connecting to every part of the body to achieve motor functions. To replicate or clone it using artificial chips and wires is nearly impossible in the current era but the determination we hold and our adamant nature drives us to dream, the dream of one day successfully cloning the human consciousness into nuts and bolts of a bot.

One day to look at the stars and send bots for space exploration. To look for a suitable second home in an event of space disasters that humans have no control over. And, why send bots into deep space and not humans to add a feather to the hat of achievement?

Simply because we breathe, we starve, and our very own nervous system advertently detects the brutal nature of space above the earth. In this case, Artificial Intelligence and robots are in fact helping humans explore the possibilities of life in outer space. Which is against the misconception that AI will be the end of humanity.

So, there we have it, all the major misconceptions about artificial intelligence and what the reality is. End of the day, it all comes down to how we incorporate artificial intelligence and what we use it for.

If used in the right way, there will be a revolution in the way humans work. Which makes it important for all of us to work on educating people about artificial intelligence and using it to make the world a better place.

Understanding training data and how to build high-quality training data for ai/ml models

We are living in one of the most exciting times, where faster processing power and new technological advancements in AI and ML are transcending the ways of the past. From conversational bots helping customers make purchases online to self-driving cars adding a new dimension of comfort and safety for commuters. While these technologies continue to grow and transform lives, what makes them so powerful is data.

Tons and tons of data.

Machine Learning systems, as the name suggests, are systems that are constantly learning from the data being consumed to produce accurate results.

If the right data is used, the system designed can find relations between entities, detect patterns, and make decisions. However, not all data or datasets used to build such models are treated equally.

Data for AI & ML models can be essentially classified into 5 categories: training dataset, testing dataset, validation dataset, holdout dataset, and cross-validation dataset. For the purpose of this article, we’ll only be looking at training dataset and cover the following topics.

What Is Training Data

Training data also called training dataset or training set or learning set, is foundational to the way AI & ML technologies work. Training data can be defined as the initial set of data used to help AI & ML models understand how to apply technologies such as neural networks to learn and produce accurate results.

Training sets are materials through which an AI or ML models learn how to process information and produce the desired output. Machine learning uses neural network algorithms that mimic the abilities of the human brain to take in diverse inputs and weigh them, to produce neural activations, in individual neurons. These provide a highly detailed model of how human thought process works.

Given the diverse types of systems available, training datasets are structured in a different way for different models. For conversational bots, the training set contains the raw text that gets classified and manipulated.

On the other hand, for convolution models using image processing and computer vision, the training set consists of a large volume of images. Given the complexity and sophistication of these models, it uses iterative training on each image to eventually understand the patterns, shapes, and subjects in a given image.

In a nutshell, training sets are labeled and organized data needed to train AI and ML models.

Why Are Training Datasets Important

When building training sets for AI & ML models, one needs huge amounts of relevant data to help these models make the most optimal decision. Machine learning allows computer systems to tackle very complex problems and deal with inherent variations of hundreds and thousands or millions of variables.

The success of such models is highly reliant on the quality of the training set used. A training set that accounts for all variations of the variables in the real world would result in developing more accurate models. Just like in the case of a company collecting survey data to know about their consumer, larger the sample size for the survey is, more accurate the conclusion will be.

If the training set isn’t large enough, the resultant system won’t be able to capture all variations of the input variables resulting in inaccurate conclusions.

While AI & ML models need huge amounts of data, they also need the right kind of data, as the system learns from this set of data. Having a sophisticated algorithm for AI & ML models isn’t enough when the data used to train these systems are bad or faulty. Training a system on a poor dataset or a dataset that contains wrong data, the system will end up learning wrong lessons, and generate wrong results. And eventually, not work the way it is expected to. On the contrary, a basic algorithm using a high-quality dataset will be able to produce accurate results and function as expected.

For example, in the case of a speech recognition system. The system can be made on a mathematical model to train the system on textbook English. However, this system is bound to show inaccurate results.

When we talk about language, there is a massive difference between textbook English and how people actually speak. To this add the factors – such as voice, dialects, age, gender – varying among speakers. This system would struggle to handle any cases or conversations that stray from the textbook English used to train it. For inputs having loose English or a different accent or use of slang, the system would fail to function for the purpose it was created.

Also, in a case, such a system is used to comprehend a text chat or email it would throw unexpected results. As a system trained in textbook English would fail to account for abbreviations and emojis used, which are commonly used among people in everyday conversations.

So, to build an accurate AI or ML model, it’s essential to build a comprehensive and high-quality training dataset. To help these systems learn the right lessons and formulate the right responses. While it’s a substantial task to generate such a high volume of data, it is necessary to do so.

How To Build A Training Dataset

Now, that we have understood why training data are integral to the success of an AI or ML model, it’s necessary to know how to build a training dataset.

The process of building a training dataset can be classified into 3 simple steps: data collection, data preprocessing, and data conversion. Let’s take a look at each of these steps and how it helps in building a high-quality training set.

Data Collection

The first step in making a training set is choosing the right number of features for a particular dataset. The data should be consistent and have the least amount of missing values. In case a feature has 25% to 30% of missing values, then this feature should not be considered to be part of the training set.

However, there might be instances when such features might be closely related to another feature. In such a case, it’s advisable to impute and handle the missing values correctly to achieve desired results. At the end of the data collection step, you should clearly know how to handle preprocessing data.

Data Preprocessing

Once the data has been collected, we enter the data preprocessing stage. In this step, we collect the right data from the complete data set and build a training set. The steps to be followed here are:

  • Organize and Format: If the data is scattered across multiple files or sheets, it’s necessary to compile all this data to form a single dataset. This includes finding the relation between these datasets and preprocess to form a dataset of required dimensions.
  • Data Cleaning: Once all the scattered data is compiled to a single dataset, it’s important to handle the missing values. And, remove any unwanted characters from the dataset.
  • Feature extraction: The final step in the data preprocessing step deals with finalizing the right number of features required for the training set. One has to analyze and find out features that are absolutely important for the model to function accurately and select them for faster computations and low memory consumption.

Data Conversion

The data conversion stage consists of the following steps,

  • Scaling: Once the data is placed, it’s necessary to scale the data as per a definite value. For example, a bank application containing transaction amount being important, then it’s required to scale the data on transaction value to build a robust model.
  • Disintegration and composition: There might be certain features in the training data that can be better understood by the model when split. For example, time-series function, where days, month, year, hour, minutes, and seconds can be split for better processing.
  • Composition: While some features can be better utilized when disintegrated, other features can be better understood when combined with another.

This covers the necessary steps to be taken to build a high-quality training set for AI & ML models. While this might help you formulate a framework that helps you build training sets for your system, here’s how you can put these frameworks into action.

Dedicated In-house Team

One of the easiest way for you could be to hire an intern to help you with the task of collecting and preprocessing data. You can also set up a dedicated ops team to help with your training set requirements. While this method provides you with greater control over the quality, it isn’t scalable, and you’ll be forced to look for more efficient methods eventually.

Outsource Training Set Creation

If having an in-house team doesn’t cut it, it would be a smarter move to outsource it, right? Well, not entirely.

Outsourcing your training set creation has its own set of troubles. Right from training people to ensuring quality is maintained to making sure people aren’t cutting slack.

Training Data Solutions Providers

With AI & ML technologies continuing to grow and more companies joining the bandwagon to roll out AI-enabled tools. There are a plethora of companies that can help you with your AI/ML training dataset requirement. We at Bridged.co have served prominent enterprises delivering over 50 million datasets.

And that is everything you need to know about training data, and how to go about creating one that helps you build powerful, robust, and accurate systems.

Drone Revolution | Blog | Bridged.co

It’s a bird, it’s a plane… Oh, wait it’s a Drone!

Also known as Unmanned Aerial Vehicles (UAVs), drones have no human pilot onboard and are controlled by either a person with a remote control/smartphone on the ground or autonomously via a computer program.

These devices are already popular in various industries like Defense, Film making and Photography and are gaining popularity in fields like Farming, Atmospheric research, and Disaster relief. But even after so much innovation and experimentation, we have not explored the full capacity of data gained from drones.

We at Bridged AI are aware of this fact and are contributing to this revolution by helping the drone companies in perfecting their models by providing them with curated training data.

Impact of Drones

Drones inspecting power lines

Drones are being used by companies like GE to inspect their infrastructure, including power lines and pipelines. They can be used by companies and service organizations to provide instant surveillance in multiple locations instantly.

Surveillance by drones

They can be used for tasks like patrolling borders, tracking storms, and monitoring security. Drones are already being used by some defense services.

Border patrolling
Drones surveying farms

In agriculture, drones are used by farmers to analyze their farms for keeping a check on yield, unwanted plants or any other significant changes the crops go through.

Drones at their best

Drones can only unlock their full potential when they are at a high degree of automation. Some sectors in which drones are being used in combination with artificial intelligence are:

Image Recognition

Drones can only unlock their full potential when they are at a high degree of automation. Some sectors in which drones are being used in combination with artificial intelligence are:

Image Recognition

Drones use sensors such as electro-optical, stereo-optical, and LiDAR to perceive and absorb the environment or objects in some way.

Computer Vision

Computer Vision is concerned with the automatic extraction, analysis, and understanding of useful information from one or more drone images.

Deep Learning

Deep learning is a specialized method of information processing and a subset of machine learning that uses neural networks and huge amounts of data for decision-making.

DJI’s Drone

Drones with Artificial Intelligence

The term Artificial intelligence is now routinely used in the Drone industry.

The goal of drones and artificial intelligence is to make efficient use of large data sets as automated and seamless as possible.

A large amount of data nowadays is collected by drones in different forms.

This amount of data is very difficult to handle, and proper tools and techniques are required to turn the data to a usable form.

Combination of drones with AI has turned out to be very astounding and indispensable.

AI describes the capability of machines that can perform sophisticated tasks which have characteristics of human intelligence and includes things like reasoning, problem-solving, planning and learning.

Future with Drones and AI

In just a few years, drones have influenced and redefined a variety of industries.

When on the one hand the business tycoons believe that automated drones are the future, on the other hand, many people are threatened by the possibility of this technology becoming wayward. This belief is inspired by many sci-fi movies like The Terminator, Blade Runner and recently Avengers: The Age of Ultron.

What happens when a robot develops a brain of its own? What happens if they realize their ascendancy? What happens if they start thinking of humans as an inferior race? What if they take up arms?!

“We do not have long to act,” Elon Musk, Stephen Hawking, and 114 other specialists wrote. “Once this Pandora’s box is opened, it will be hard to close.”

Having said that, it is the inherent nature of humans to explore and invent. The possibilities that AI-powered drones bring along are too charming and exciting to let go.

At Bridged AI we are not only working on the goal of utilising AI-powered drone data but also helping other AI companies by creating curated data sets to train machine learning algorithms for various purposes — Self-driving Cars, Facial Recognition, Agri-tech, Chatbots, Customer Service bots, Virtual Assistants, NLP and more.

The need for quality training data | Blog | Bridged.o

What is training data? Where to find it? And how much do you need?

Artificial Intelligence is created primarily from exposure and experience. In order to teach a computer system a certain thought-action process for executing a task, it is fed a large amount of relevant data which, simply put, is a collection of correct examples of the desired process and result. This data is called Training Data, and the entire exercise is part of Machine Learning.

Artificial Intelligence tasks are more than just computing and storage or doing them faster and more efficiently. We said thought-action process because that is precisely what the computer is trying to learn: given basic parameters and objectives, it can understand rules, establish relationships, detect patterns, evaluate consequences, and identify the best course of action. But the success of the AI model depends on the quality, accuracy, and quantity of the training data that it feeds on.

The training data itself needs to be tailored for the end-result desired. This is where Bridged excels in delivering the best training data. Not only do we provide highly accurate datasets, but we also curate it as per the requirements of the project.

Below are a few examples of training data labeling that we provide to train different types of machine learning models:

2D/3D Bounding Boxes

2D/3D bounding boxed | Blog | Bridged.co

Drawing rectangles or cuboids around objects in an image and labeling them to different classes.

Point Annotation

Point annotation | Blog | Bridged.co

Marking points of interest in an object to define its identifiable features.

Line Annotation

Line annotation | Blog | Bridged.co

Drawing lines over objects and assigning a class to them.

Polygonal Annotation

Polygonal annotation | Blog | Bridged.co

Drawing polygonal boundaries around objects and class-labeling them accordingly.

Semantic Segmentation

Semantic segmentation | Blog | Bridged.co

Labeling images at a pixel level for a greater understanding and classification of objects.

Video Annotation

Video annotation | Blog | Bridged.co

Object tracking through multiple frames to estimate both spatial and temporal quantities.

Chatbot Training

Chatbot training | Blog | Bridged.co

Building conversation sets, labeling different parts of speech, tone and syntax analysis.

Sentiment Analysis

Sentiment analysis | Blog | Bridged.co

Label user content to understand brand sentiment: positive, negative, neutral and the reasons why.

Data Management

Cleaning, structuring, and enriching data for increased efficiency in processing.

Image Tagging

Image tagging | Blog | Bridged.co

Identify scenes and emotions. Understand apparel and colours.

Content Moderation

Content moderation | Blog | Bridged.co

Label text, images, and videos to evaluate permissible and inappropriate material.

E-commerce Recommendations

Optimise product recommendations for up-sell and cross-sell.

Optical Character Recognition

Learn to convert text from images into machine-readable data.


How much training data does an AI model need?

The amount of training data one needs depends on several factors — the task you are trying to perform, the performance you want to achieve, the input features you have, the noise in the training data, the noise in your extracted features, the complexity of your model and so on. Although, as an unspoken rule, machine learning enthusiasts understand that larger the dataset, more fine-tuned the AI model will turn out to be.

Validation and Testing

After the model is fit using training data, it goes through evaluation steps to achieve the required accuracy.

Validation & testing of models | Blog | Bridged.co

Validation Dataset

This is the sample of data that is used to provide an unbiased evaluation of the model fit on the training dataset while tuning model hyper-parameters. The evaluation becomes more biased when the validation dataset is incorporated into the model configuration.

Test Dataset

In order to test the performance of models, they need to be challenged frequently. The test dataset provides an unbiased evaluation of the final model. The data in the test dataset is never used during training.

Importance of choosing the right training datasets

Considering the success or failure of the AI algorithm depends so much on the training data it learns from, building a quality dataset is of paramount importance. While there are public platforms for different sorts of training data, it is not prudent to use them for more than just generic purposes. With curated and carefully constructed training data, the likes of which are provided by Bridged, machine learning models can quickly and accurately scale toward their desired goals.

Reach out to us at www.bridgedai.com to build quality data catering to your unique requirements.


Development of artificial intelligence - a brief history | Blog | Bridged.co

The Three Laws of Robotics — Handbook of Robotics, 56th Edition, 2058 A.D.
1. First Law — A robot may not injure a human being or, through inaction, allow a human being to come to harm.
2. Second Law — A robot must obey the orders given it by human beings except where such orders would conflict with the First Law.
3. Third Law — A robot must protect its own existence as long as such protection does not conflict with the First or Second Laws.

Ever since Isaac Asimov penned down these fictional rules governing the behavior of intelligent robots — in 1942 — humanity has become fixated with the idea of making intelligent machines. After British mathematician Alan Turing devised the Turing Test as a benchmark for machines to be considered sufficiently smart, the term artificial intelligence was coined in 1956 at a summer conference in Dartmouth University, USA for the first time. Prominent scientists and researchers debated the best approaches to creating AI, favoring one that begins by teaching a computer the rules governing human behavior — using reason and logic to process available information.

There was plenty of hype and excitement about AI and several countries started funding research as well. Two decades in, the progress made did not deliver on the initial enthusiasm or have a major real-world implementation. Millions had been spent with nothing to show for it, and the promise of AI failed to become anything more substantial than programs learning to play chess and checkers. Funding for AI research was cut down heavily, and we had what was called an AI Winter which stalled further breakthroughs for several years.

Gary Kasparov vs IBM Deep blue | Blog | Bridged.co

Programmers then focused on smaller specialized tasks for AI to learn to solve. The reduced scale of ambition brought success back to the field. Researchers stopped trying to build artificial general intelligence that would implement human learning techniques and focused on solving particular problems. In 1997, for example, IBM supercomputer Deep Blue played and won against the then world chess champion Gary Kasparov. The achievement was still met with caution, as it showcased success only in a highly specialized problem with clear rules using more or less just a smart search algorithm.

The turn of the century changed the AI status quo for the better. A fundamental shift in approach was brought in that moved away from pre-programming a computer with rules of intelligent behavior, to training a computer to recognize patterns and relationships in data — machine learning. Taking inspiration from the latest research in human cognition and functioning of the brain, neural network algorithms were developed which used several ‘nodes’ that process information similar to how neurons do. These networks have multiple layers of nodes (deep nodes and surface nodes) for different complexities, hence the term deep learning.

Representation of neural networks | Blog | Bridged.co

Different types of machine learning approaches were developed at this time:

Supervised Learning uses training data which is correctly labeled to teach relationships between given input variables and the preferred output.

Unsupervised Learning doesn’t have a training data set but can be used to detect repetitive patterns and styles.

Reinforcement Learning encourages trial-and-error learning by rewarding and punishing respectively for preferred and undesired results.

Along with better-written algorithms, several other factors helped accelerate progress:

Exponential improvements in computing capability with the development of Graphical Processing Units (GPUs) and Tensor Processing Units have reduced training times and enabled implementation of more complex algorithms.

Data repositories for AI systems | Blog | Bridged.co

The availability of massive amounts of data today has also contributed to sharpening machine learning algorithms. The first significant phase of data creation happened with the spread of the internet, with large scale creation of documents and transactions. The next big leap was with the universal adoption of smartphones generating tons of disorganized data — images, music, videos, and docs. We have another phase of data explosion today with cloud networks and smart devices constantly collecting and storing digital information. With so much data available to train neural networks on potential scores of use-cases, significant milestones can be surpassed, and we are now witnessing the result of decades of optimistic strides.

  • Google has built autonomous cars.
  • Microsoft used machine learning to capture human movement in the development of Kinect for Xbox 360.
  • IBM’s Watson defeated previous winners on the television show Jeopardy! where contestants need to come up with general knowledge questions based on given clues.
  • Apple’s Siri, Amazon’s Alexa, Google Voice Assistant, Microsoft’s Cortana, etc. are well-equipped conversational AI assistants that process language and perform tasks based on voice commands.
Developments in AI | Blog | Bridged.co
  • AI is becoming capable of learning from scratch the best strategies and gameplay to defeat human players in multiple games — Chinese board game Go by Google DeepMind’s AlphaGo, computer game DotA 2 by OpenAI are two prolific instances.
  • Alibaba language processing AI outscored top contestants in a reading and comprehension test conducted by Stanford University.
  • And most recently, Google Duplex has learned to use human-sounding speech almost flawlessly to make appointments over the phone for the user.
  • We have even created a Chatbot (called Eugene Goostman) that passed the Turing Test, 64 years after it was first proposed.

All the above examples are path-breaking in each field, but they also show the kind of specialized results that we have managed to attain. In addition, such achievements were realized only by organizations which have access to the best resources — finance, talent, hardware, and data. Building a humanoid bot which can be taught any task using a general artificial intelligence algorithm is still some distance away, but we are taking the right steps in that direction.

Bridged's service offerings | Blog | Bridged.co

Bridged is helping companies realize their dream of developing AI bots and apps by taking care of their training data requirements. We create curated data sets to train machine learning algorithms for various purposes — Self-driving Cars, Facial Recognition, Agri-tech, Chatbots, Customer Service bots, Virtual Assistants, NLP and more.