Sunday, January 21, 2018

AI is new Electricity, Data is new Oil

Finally a simple solution for sustainable business model with "big data" and "AI"
It takes a great knowledge to explain things in a simple way.
AI expert Andrew Ng of Stanford/Google/Baidu/Coursera did just that in the video below.

Data =>  great AI powered products => more Users => more Data ...

Many inventions at the turn of 20th century completely changed the world.
Before crude and refined oil, industry was powered by coal and horses.
Before electricity generation and transmission, candles illuminated at night.
In only two decades, there ware automobiles and airplanes, electric light and appliances.

At the turn of 21st century, the industry was powered by Excel data and Email "intelligence".
With exponential improvements in computing and connectivity, big data and cloud, DL/AI
we are already in the next phase of great changes and opportunities.

AI vs electricity: The AI startup playbook – Towards Data Science
"market defend-able strategy" as described by Andrew Ng in the video below

  • "AI needs data to work,
  • AI enabled product like a personal assistant will get better with more data.
  • Great products get more users
    and hence more data, further reinforcing this positive feedback loop."

Andrew Ng - The State of Artificial Intelligence - YouTube

Andrew Ng: Artificial Intelligence is the New Electricity - YouTube

Andrew Ng - Wikipedia
"Andrew was a professor at Stanford University Department of Computer Science. He taught students and undertook research related to data mining and machine learning. From 2011 to 2012, he worked at Google, where he founded and led the Google Brain Deep Learning Project. In 2012, he co-founded[4] Coursera to offer free online courses for everyone. In 2014, he joined[5] Baidu as Chief Scientist, and carried out research related to big data and A.I."

Opening a new chapter of my work in AI – Andrew Ng – Medium

Andrew Ng (@AndrewYNg) | Twitter

Home - Andrew Ng

"We provide the AI brain for manufacturing companies."
new Deep Learning courses, now open on Coursera
Machine Learning | Coursera

Deep Learning | Coursera

Who should get credit for the quote 'data is the new oil'? - Quora

"Clive Humby, UK Mathemetician and architect of Tesco’s Clubcard, 2006 (widely credited as the first to coin the phrase): “Data is the new oil. It’s valuable, but if unrefined it cannot really be used. It has to be changed into gas, plastic, chemicals, etc to create a valuable entity that drives profitable activity; so must data be broken down, analyzed for it to have value.”