Long ago, only humans and animals were believed to besentient beings. However, myths and stories started to create visions of a future where machines were capable of replicating human thought and exercising rationality. Finally, on the back of technological advancements in 20th and 21stcentury,this fiction has been transformed into reality.Today, artificial intelligence stands as one of the most exciting technologies that can shape the human civilization to previously unforeseen heights. So what exactly is AI?
What Is AI?
Artificial Intelligence is a prominent branch of the vastly huge field of Computer Science that primarily deals with implanting ‘intelligence’ into machines. Computers may have surpassed humans in the processing and performance of several highly intensive tasks but they still require human intervention and control to work effectively. By incorporating AI, computers can ‘think’ just like humans. This also gives them the ability for mimicking other human actions like learning, planning speaking and solving problems with rationality and subjectivity.
How AI Is Transforming the Finance Industry?
In the finance industry, consumers have distinct investment habits. These habits require analysis so businesses can offer services and products accordingly. However, the processing and analytics related to a large number of customers is not possible with traditional computing technologies.These technologies fail to capture the intricacies and logic behind certain customer actions. For this purpose, AI has proven to be revolutionary as it has been able to provide financial companies including small, medium and large-sized businesses to understand their customers. As a result, customer retention and satisfaction has been considerably increased.
Today, financial businesses are powering their IT systems withAI applications and sentiment analysis. Sentiment analysis means that the general emotions and sentiments of customers in daily interactions regarding a certain financial asset can be explored and detected by AI.This can help company to adjust and introduce more customized products and solutions for customers. For example, the cryptocurrency fever was at its peak in 2017. As the price of Bitcoin and other cryptocurrencies increased rapidly, businesses offering financial services began using AI on social media platforms and discussions forum to determine the most popular cryptocurrencies. As a result, these cryptocurrencies were added as part of theircustomer investment portfolios of customers and reaped huge profits.
Role of High Performance Computing for AI
AI applications and solutions do increase efficiency and productivity for financial businesses.However the level of computing required is also complex. AI often involves inferencein scenarios where rational predictions have to be made. Making an inference is not too much of computer intensive process but other important needs of AI like training require extremely powerful computer hardware. Likewise, with image processing in AI, the need for GPUs cannot be neglected.
Additionally, parallel processing is a must for AI. With the need for greater cache, core and thread requirement, the general computing hardware is not well-suited to handle AI applications. As a result, businesses need a solution that is able to handle all theirAI processing, parallelism and scalability. This can be made possible through HPC. HPC stands for high performance computing which relates to hardware components that consist of extremely powerful processors, RAM, disks, GPU etc.
Final Thoughts
In 2017, Lenovo announced that it was planning to work invest more than $1 billion for their AI and HPC requirements. Lenovo is not the only enterprise attempting to modernize their businesses processes by implementing AI solutions through HPC. The entire world is now working to implement AI-based solutions including governments and industries in both public and private sector.
Whether, you are an established business or planning to start a new one, joining the next generation of AI computing via HPC can be one of the smartest investments that you ever make. VISIT https://sagegpucloud.com for end-to-end HPC solutions for your business at affordable prices that will help you generate maximum revenue for your business. SAGEGPUCLOUD will be present at Blockchain and AI conference in MIAMI on OCTOBER 29/30. Register for an early bird special via a link below:
https://www.universe.com/events/cryptoblockchain-mia-miami-october-29-30-tickets-miami-9Y1BTH
No comments:
Post a Comment