The Future of Deep Learning
Although the focus today on deep learning was inspired by the cerebral cortex, a much wider range of architectures is needed to control movements and vital functions. Subcortical parts of mammalian brains essential for survival can be found in all vertebrates, including the basal ganglia that are responsible for reinforcement learning and the cerebellum, which provides the brain with forward models of motor commands. Humans are hypersocial, with extensive cortical and subcortical neural circuits to support complex social interactions ( ). These brain areas will provide inspiration to those who aim to build autonomous AI systems.
Amid the COVID-19 crisis, the global market for Deep Learning estimated at US$4. 4 Billion in the year 2020, is projected to reach a revised size of US$44. (globenewswire.com)
The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 38% CAGR The Deep Learning market in the U.S. is estimated at US$1.3 Billion in the year 2020. (globenewswire.com)
LONDON — (BUSINESS WIRE) — Feb 4, 2020 — The deep learning market is expected to grow by USD 7.2 billion during 2020–2024, according to the latest market research report by Technavio. (apnews.com)
In a study last year , researchers at the University of Massachusetts at Amherst estimated that training a large deep-learning model produces 626,000 pounds of planet-warming carbon dioxide, equal to the lifetime emissions of five cars. (news.mit.edu)
Deep Learning Market 2020–2024 | The Growing Application of Deep Learning to Boost Growth | Technavio
Technavio has announced its latest market research report titled Global Deep Learning Market 2020–2024 (Graphic: Business Wire)
LONDON — ( BUSINESS WIRE ) — Technavio has been monitoring the deep learning market and it is poised to grow by USD 7.2 bn during 2020–2024, progressing at a CAGR of almost 45% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Micron Technology Inc., Microsoft Corp., NVIDIA Corp., Qualcomm Inc. and Sensory Inc. are some of the major market participants. Although the growing application of deep learning will offer immense growth opportunities, unavailability of data will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The growing application of deep learning has been instrumental in driving the growth of the market. However, unavailability of data might hamper market growth.
Deep Learning Shows Promising Growth Amid Challenges
Deep learning, a subset of machine learning and artificial intelligence (AI), has been there since a while, but became an overnight “sensation” when in 2016, Google’s AI program, a robot player beat human grandmaster Lee Seedol in the famed game of AlphaGo . Since then, deep learning training and learning methods became widely acknowledged for “humanizing” machines. Many of the advanced automation capabilities now found in enterprise AI platforms are due to the rapid growth of ML and deep learning technologies, as researchers predict deep learning to provide formidable momentum for the adoption and growth of AI, even though most of these experiments are in their infancy.
By definition, deep learning is a powerful tool for enterprises looking to gain actionable insights and enable automated responses to a flood of data, especially unstructured data, from all kinds of devices, Internet of Things (IoT), social media and — of course — from corporate data systems. From that perspective deep learning works incredibly well with unstructured data, such as images, sound, time-series of events and so on. It is seen as an “upgrade” to traditional data analysis techniques.
Growth momentum in APAC A recent study reveals that Deep Learning market worldwide is projected to grow by US$31 Billion, driven by a compounded growth of 41% from 2020–2025, with a special focus on the Asia-Pacific region that will witness exceptional growth. In fact, data and analytics company, GlobalData, predicts, in the Asia-Pacific region, the next few years will see deep learning becoming part of mainstream deployments, bringing commendable changes to businesses.
GlobalData estimates the APAC region to account for approximately 30% of the global AI platforms’ revenue (around US$97.5bn) by 2024. However, the share is expected to significantly go up, given the incumbent technology companies and the increasing number of start-ups that specialize in this field.
Also, the technological enhancements supporting higher computation capabilities (CPU and GPU), and the huge amount of data, which is predicted to grow multiple folds due to the growth of connected devices ecosystem, are expected to contribute to this growth.
Digital assistants like Cortana, Siri, GoogleNow and Alexa leverage deep learning to some extent for natural language processing (NLP) as well as speech recognition. Some of the other key usage areas of deep learning include multi-lingual chatbots, voice and image recognition, data processing, surveillance, fraud detection and diagnostics.
In APAC, deep learning is increasingly being adopted for various applications, driven by product launches and technical enhancements by regional technology vendors.
For instance, China-based SenseTime leverages its deep learning platform to power image recognition, intelligent video analytic and medical image recognition to its customers, through its facial recognition technology called DeepID. Similarly, DeepSight AI Labs, an India-based start-up (also operates in the US), uses deep learning to develop SuperSecure — Platform, a smart retrofit video surveillance solution that works on any CCTV to provide a contextualized AI solution to detect objects and behaviors.
Australia-based Daisee too offers an algorithm called Lisa, which leverages a speech-to-text engine to identify key conversational elements, determine its meaning and derive its context. Similarly, Cognitive Software Group is using deep learning / machine learning for the tagging of unstructured data to enhance natural language understanding.
In the enterprise world, deep learning algorithms are applied to customer data in CRM systems, social media and other online data to better segment clients, predict churn and detect fraud. The financial industry is relying more and more on deep learning to deliver stock price predictions and execute trades at the right time. In the healthcare industry deep learning networks are exploring the possibility of repurposing known and tested drugs for use against new diseases to shorten the time before the drugs are made available to the general public.
Governmental institutions are also turning to deep learning for help to get real-time insights into metric like food production and energy infrastructure by analyzing satellite imagery.
Cheaper computing, combined with large datasets and open source frameworks like Tensorflow and Keras, brought deep learning into the enterprise, unlocking tremendous pools of value. Google, one of the companies at the forefront of the deep learning revolution, is including deep learning features in its products (e.g., auto-complete suggestions for Gmail, image search for photos, language translations, etc.). In addition, Google is using deep learning to optimize its business internally to improve search results, reduce the energy consumption of its data centers , and thousands of other projects. While other technology giants like Amazon, Facebook, Microsoft, Baidu, and Alibaba are similarly embedding deep learning in their products, so that enterprise players find useful applications for deep learning technology.
“The market is proactively deploying deep learning-based AI solutions to bring increased offline automation, safety and security to businesses and their assets. In addition, AI hardware optimization with increased computing speed on small devices will result in the cost reduction and drive deep learning adoption across the region,” says Sunil Kumar Verma, Lead ICT analyst at GlobalData.
Challenges remain… As new use cases for deep learning are uncovered, so are the challenges that need to be addressed, the primary one being, the Need for Lots of Data.
“How much data is actually enough to train my algorithm?” That’s a question most frequently asked by anyone who works with deep learning algorithms. There is no straight-forward answer, unfortunately, but as a rule data scientists say that the more powerful abstraction you want, the more data is required.
Experts believe, in the case of neural networks, the amount of data needed for training will be much higher compared to other machine learning algorithms. The reason is that the task of a deep learning algorithm is two-folded. First, it needs to learn about the domain, and only then solve the problem. When the training begins, the algorithm starts from scratch. To learn about a given domain, the algorithm needs a huge number of parameters to tune and “play around with”.
Another most discussed limitation of deep learning is the fact that we don’t understand how a neural network arrives at a particular solution. Neural Networks at the Core of Deep Learning are Black Boxes. It’s impossible to look inside of it to see how it works. Just like in a human brain, the reasoning of a neural network is embedded in the behavior of thousands of simulated neurons, arranged into dozens or even hundreds of intricately interconnected layers.
Even though neural networks produce great results, the lack of transparency in their “thinking” process makes it hard to predict when failures might occur. The same argument also renders them unsuitable for domains where verification of the process is important. For example, Deep Patient, a deep learning program that was applied to patient records of more than 700.000 individuals at Mount Sinai Hospital in New York. After a long training period, Deep Patient was able to detect certain illnesses better than human doctors.
On one hand, this is good news. On the other, if a tool like Deep Patient is actually going to be helpful to medical personnel, it needs to provide the reasoning for its prediction, to reassure their accuracy and to justify a change in someone’s treatment. Without the justification, it is difficult to gain the trust of patients or learn why any mistakes in diagnosis were made.
Lots of potential So, while deep learning has a lot of potential, it needs to overcome a few challenges before becoming a more versatile tool. The interest and enthusiasm for the field is, however, growing, and we can already see incredible real-world applications of this technology.
As Verma observes, “Even in its infancy, deep learning is proving to be a stepping stone for technology evolution. However, with the lack of skilled professionals and the fact that only a handful of technology companies are focusing on investing, hiring and training their workforce specifically for Deep Learning, there would be some initial roadblocks before witnessing success in adoption rates.” Tags :
Amazon Deep Learning DeepSight Facebook Machine learning
- In a study last year , researchers at the University of Massachusetts at Amherst estimated that training a large deep-learning model produces 626,000 pounds of planet-warming carbon dioxide, equal to the lifetime emissions of five cars.
- AlphaGo, by contrast, burned an estimated megawatt of energy, or 500,000 times more.
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