Leveraging the Power of Deep Learning

Leveraging the Power of Deep Learning

Naveen Joshi 25/08/2018 2

Before implementing deep learning in your business, it is vital to understand the capabilities and features of this path-breaking technology.

Deep learning is a type of machine learning developed thanks to artificial intelligence (AI) by gathering huge datasets to make machines act like humans. Due to the use of neural networks, deep learning produces optimized results. You must have observed how Facebook automatically finds your friend in an image and suggests you to tag them. Here, Facebook uses deep learning to recognize your friend. According to Gartner, deep learning will provide best-in-class performance for demand, fraud and failure predictions by 2019. Such a prediction encourages business leaders to implement deep learning in their businesses driving them to greater success. While most business leaders are aware of the term, deep learning, they have very little to no understanding of the technology. Before leveraging deep learning in your business, you should take a look at what it offers and what the future of this technology will look like.

Deep Learning in Business

For any business, the ultimate goal is to make less losses and more profits. Organizations can make profits only if customers continue to buy their products or services consistently. Hence, every company aims at keeping their customers happy and fulfilling their demands. In any business, leaders must ask questions like:

  • What are the challenges faced with their current business model?
  • How can deep learning help overcome obstacles?
  • How will the technology help to keep customers happy and attract new clients?
  • What are the areas in their business where they can implement deep learning to make higher gains?

Shared below are few deep learning applications that every business leader must leverage:

  • Image recognition - Deep learning algorithm recognizes various elements that are located in an image. One of the most common examples of image recognition is Google Images. Based on the content that we are searching for, Google offers us a set of relevant images. Another example is the self-driving vehicles that use image recognition to recognize obstacle son road and act in time. Also, the healthcare industry is using image recognition to understand the human anatomy better.
  • Sequence learning - Using predictive analysis, business leaders can predict the future outcomes in their business. An example is the product recommendation, when we shop online.
  • Machine translation - Google’s translate engine helps translate the language you enter to any other language of your choice.

The Future of Deep Learning

The future of deep learning is bright. Soon we will see self-driving vehicles becoming a part of our daily lives, thereby reducing accidents and air pollution. Amazon is planning to use drones to deliver products in 30 minutes or less. There are enormous opportunities for various industries to benefit with the deep learning technology. Business leaders should find these hidden opportunities and drive their business ahead of the curve.

Now that you have a comprehensive idea about the capabilities of deep learning, you should start planning to implement deep learning in your business.

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  • Scott McAtear

    I recommend to hire a Chief Analytics Officer (CAO), who will use their expertise to reconcile business and technical vision.

  • Glenn Johnson

    Depending on how actively the trends in your business environment change, you should more or less frequently replace models or retrain them.

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Naveen Joshi

Tech Expert

Naveen is the Founder and CEO of Allerin, a software solutions provider that delivers innovative and agile solutions that enable to automate, inspire and impress. He is a seasoned professional with more than 20 years of experience, with extensive experience in customizing open source products for cost optimizations of large scale IT deployment. He is currently working on Internet of Things solutions with Big Data Analytics. Naveen completed his programming qualifications in various Indian institutes.

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