Emerging tech to get a boost in 2018
DUBAI: Deep tech, a term increasingly quoted by investors, is used to describe start-ups or companies whose business is built around unique, differentiated-often protected or hard to reproduce-technological or scientific advances. For instance, a start-up that uses a public or semi-public machine learning (ML) application programming interface (API) would be a technology start-up; and a start-up building a real-time three-dimensional (3D) artificial vision system for autonomous vehicles using its own research and development (R&D), building on advanced math, would be a 'deep technology' start-up.
The growth dynamics and advanced developments of a trio of emerging technologies-artificial intelligence (AI)/ML, blockchain and internet of things (IoT)-in 2017 have hit an inflection point, enabling deep tech start-ups to go mainstream. There's an AI for that: In 2017, AI was used for any and all kinds of applications, including transcribing conversations, writing a movie script from the scratch, writing a chapter of a Harry Potter book by learning from the previous seven books and creating a heavy metal music album-apart from helping companies in their marketing and customer support activities. We are entering the AI version of the popular
The competition between US and Chinese technology giants-Google, Amazon, Baidu, etc.-in the AI space; the focus of semiconductor companies (Nvidia, Intel, etc.) to build AI chipsets; the focus on talent acquisition and increased acquihiring in the AI space; and the evolution of ' conversational user interface' and voice apps have made AI the most trending tech buzzword of 2017.