Retailers will use deep learning to predict customer behaviour
Tomi Poutanen is co-CEO of Layer 6 AI, a company that employs deep learning to enable companies to personalize their services and unlock value from their data. According to Poutanen, a bank powered by his company's insights would be able to better service its customers based on previous interactions and knowledge of the customer profile and where they live. Meanwhile, a clothing retailer would be able to serve recommendations based on the colour and style of clothing drawn from the pictures of previously purchased items.
Deep learning is paving the way for autonomous vehicles
“By 2025, self-driving cars will be a reality, and soon after, the majority of vehicles on the road will be autonomous,” says Associate Professor, Department of Computer Science at the University of Toronto, Raquel Urtasun. Urtasun is currently working with a consortium of companies to create cost efficient methods of mapping terrain for autonomous vehicles. “The model of owning a car will also be largely replaced by resource sharing and new, more flexible ways of public transportation,” she says.
Deep learning will transform medicine through pharmaceuticals and personalized medicine
“AI technologies will be changing almost all aspects of society by 2025,” says Brendan Frey, co-Founder and CEO of Deep Genomics. Frey's company is leveraging artificial intelligence to transform medicine through pharmaceuticals and personalized medicine, a field that promises to make even today's most modern treatments seem primitive.
Deep learning will create new jobs that do not yet exist
Professor Geoffrey Hinton, VP Engineering Fellow at Google and University Professor Emeritus at the University of Toronto, says there will be definite changes to the job landscape. “In five to ten years, deep learning is going to do better than some professions, because it's going to get a lot more experience.”
However, there will also be incredible opportunities as AI will create jobs in positions that do not yet exist.