Jul

nmodes Technology - Overview

                                                       

nmodes ability to accurately deliver relevant messages and conversations to businesses is based on its ability to understand these messages and conversations. Once a system understands a sentence or text, it can easily perform a necessary action, i.e. bring a sentence about buying a car to the car dealership, or a complaint about purchased furniture to the customer service department of the furniture company.

Understanding sentences is called semantics. nmodes has developed a strong semantic technology that stand out in a number of ways.

Here is how nmodes technology is different:

1. Low computational power. We don’t use methods and algorithms deployed by almost everyone else in this space. The algorithms we are using allow us to achieve high level of accuracy while significantly reducing the computational power. Most accurate semantic systems, e.g. Google’s, or IBM’s, rely on supercomputers. By comparison our computational requirements are modest to the extreme, yet we successfully compete with these powerhouses in terms accuracy and quality of results.

2. Private data sources. We work extensively with Twitter and other social networks, yet at the same time we process enterprise data.  Working with private data sources means system should know details specific only to this particular data source. For example, when if a system handles web self-service solution for online electronics store it learns the names, prices, and other details of all products available at this store.  

3. User driven solution. Our system learns from user’s input. Which makes it extremely flexible and as granular as needed. It supports both generic topics, for example car purchasing, and conversations concentrating on specific type of car, or a model.

Interested in reading more? Check out our other blogs:

AI unmasked: Have chatbots failed?

It is becoming increasingly popular to say that chatbots have failed and are overhyped.

While it is true that in many cases expectations from chatbots significantly exceed the results on the ground, the anticipation of chatbots’ demise are somewhat premature. 

One of the main problems for chatbots is that the market is inundated with low quality solution providers who deliver low quality results. This happened because conversational AI seems to have low entry barriers. Unlike other recent technological darlings such as space technology or renewable energy, conversational AI is purely software and therefore does not require vast sums of initial investment. 

What this approach is missing however,  is that conversational AI, in addition to being a software, also requires an accurate understanding of how language works. And there is a limited number of people in the world that do have such understanding.

When conversational AI is delivered by AI experts who understand the way human language works, the results are good and convincing, just as how you would expect them to be.

Suffering from unsatisfactory product quality is a common problem for many new and emerging industries.  The rules of the market dictate that most of the low quality players will eventually disappear. Poorly created chatbots will therefore not be around for too long.

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The Automation Is Coming

                                                         

A close look at the history of humanity leaves us with no choice but to admit that the majority of jobs as we know them now will be transferred to automated systems. This is part of the technological and scientific progress our civilization is undertaking and it is irreversible.

Artificial intelligence became mainstream in 2016. For the first time artificial intelligence is not only available to big companies like Google, Amazon or Apple, but to the majority of businesses worldwide.  Startups have started building products and services using artificial intelligence en masse.

The essence of artificial intelligence is massive, intuitive computing power: machines so smart that they can learn and become even smarter.  The machines are becoming quicker and more nimble. They cover wider range of conversation topics. They now connect to robotic systems and online interactive systems. There is literally very little they cannot, or will not be able to, do as applied to industrial workforce.

With all the good that’s going to come with automation, we are suddenly faced with a new problem: the elimination of many low and middle class jobs. Many jobs that have already been severely impacted by computers (manufacturing, administrative support, retail, and transportation) will continue to diminish. In the nearest future routine-based jobs (telemarketing, sewing) and work that can be solved by smart algorithms (tax preparation, data entry keyers and insurance underwriters) are most likely to be eliminated.

What to do? It is fruitless to fight automation, we need to find ways to work with automation rather than against it.

The solution is to become more creative as species. Creativity is the natural advantage of humans over machines. Automation is about to change the course of the world, it’s going to be a great disruptor and impact the workforce like nothing we’ve seen before. We can sit around and gradually become obsolete, or accept the challenge and use the tool of creativity, which we are in unique possession of, to maintain our superiority.

 

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