Harnessing the potential of AI for startups

AI has become integral to many modern tech companies’ success, whether huge enterprises or brand-new startups. It delivers intelligent solutions to a wide range of existing business inefficiencies and the ability to logically self-learn to address similar problems in the future. New advancements make integrating AI into your software or cloud solution easier for startups. Many investors or other funding sources have also shown great interest in AI research and development. AI’s reputation as a sophisticated technology reserved for those with the bountiful means to implement it has come and gone. You can increase productivity and significantly reduce wasted time by refocusing your employees and augmenting their existing skills with AI.

AI has become an extremely broadly-applied term in the tech industry that can represent anything from a comprehensive virtual assistant to a simple tool that deletes spam emails. 

First, let us take a look at the available formats of AI.

Machine Learning (ML) involves the creation of algorithms that define a goal and allow the machine itself to learn how to reach that goal. Most of the more straightforward artificial intelligence tools integrated at a software startup will use ML. In essence, we teach a machine how to do something by continuously giving it experience with the data involved in the task. As the number of samples encountered by the algorithm increases, its performance also increases. After identifying natural patterns within a dataset, the machine can get insights and predict the unknown.

Deep Learning (DL) is a subset of machine learning that layers several algorithms in a hierarchy, each providing a different interpretation of the data. This network of algorithms is called an artificial neural network and can make intelligent decisions on its own, as opposed to the human assistance required to complement standard ML. Deep learning does, however, require much more data to work with.

Natural Language Processing (NLP) involves manipulating and processing natural language data, mainly speech and text. NLP is used whenever a computer can understand the user’s language and do something with the data. This includes speech-to-text services and spam email recognition.

Machine Vision is exactly what it sounds like, enabling machines to see what we see. This field aims to capture and analyse visual information using a camera or digital signal processing. Vision programs usually use machine learning so computers can figure out what they are looking at.

Based on the reach and capabilities of the startup, we can determine the correct format to use and which domain the AI needs to take over for maximum impact. These areas can range from data analysis, advertising, recommendations, virtual assistant services, recruitment or chatbots to take over customer care.

Furious Fox is a web development agency in London providing intelligent and innovative solutions to all your technology needs. Our team of experts lets you leverage the current trends in technology to further your business.