Aug

The Advantage of Social Engagement for Business, in Simple Words

                                                   

Much is being said about social networks and their importance for businesses. The amount of analysis, explanations, and advice keeps on growing, while the matter is being investigated from every possible angle, real and imaginary.  

As for me, the need for businesses to market and sell on social can be explained by a simple argument.

Here it is.

The principle advantage of social networks for a business over other mediums is in the social networks’ potential to build trust. Traditional marketing mediums, such as TV, newspapers, internet, radio, etc. are not designed to build trust. They are information channels, or scaling vehicles, or sales means, but their primary goal is not to build trust. Social networks, on the other hand, are exactly this - a trust building tools.

And herein lies their biggest advantage in today’s market. The endless variety of options consumers have and the ever growing dissatisfaction with traditional aggressive marketing methods, such as commercials or banners, means that creating trust between businesses and their audiences is now the most efficient way to attract customers. The way that guarantees long-term sustainability and growth.

This is, simply put, the reason for businesses to embrace the social.

 

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The Curious Case of AI Technology

                                                         

                                                                 

The notion of Artificial Intelligence has been around for a while.

Yet, unlike other prominent technological innovations such as electric cars or the processor speed, its progress has not been linear.

In fact, as far as industrial impact is concerned, there were times when allegedly there was no progress at all.

The widespread fascination with AI started several generations ago, in 80-s of the last century. This is when a pioneering work of Noam Chomsky on computational grammar led to a belief that human language capabilities in particular, and human intelligence in general, can be straightforwardly algorithmized. The expectation was that the AI-based programs will have a significant and lasting industrial impact.

But despite unabridged enthusiasm and significant amount of effort the practical results were minuscule. The main outcome was disappointment and AI become somewhat of a dirty word for the next 20 years. The research became mostly confined to scientific labs, and although some notable results have been achieved, such as development of neural networks and Deep Blue machine beating acting world champion in chess, the general community was largely unaffected.

The situation started to change about 5-10 years ago with a new wave of industrial research and development.

We now experience somewhat of a renaissance of AI with bots, semantic search, self-service systems, intelligent assistant programs like Siri are taking over. In addition, optimists of science are bragging confidently about reaching singularity during our lifetime.

The progress this time seems to be genuine indeed. There are indisputable breakthroughs, but even more impressive is the width of industries adopting AI solutions, from social networks to government services to robotics to consumer apps.

For the first time AI is expected to have a huge impact on the community in general.

There is this vibe around AI which hasn’t been felt in years. And with power comes responsibility, as they say, - prominent thinkers such as Stephen Hawking raised their voice against the dangers of powerful AI for humanity. Still, as far as current topic is concerned, this is all part of the vibe.

Despite all the plethora of upcoming opportunities, it is important to observe that we are yet to advance from anticipation stage. AI has not became a major industrial asset, an AI firm has not reached a unicorn status, and despite the fact that major industrial players such as IBM are pivoting towards  fully-fledged AI-based model it has not manifested itself in business results.

We are still waiting for AI-based technology to disrupt the global community.

The overall expectation is that it is about to happen. But it hasn’t happened yet.

 

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WHAT IS AI TRAINING



AI training is a critical part of conversational AI solutions, a part that makes AI software different from any kind of software previously created.
AI training is not coding.
Unlike all other existing software which is fully coded.

Let us consider a simple example:
We create chatbots for two companies, one company is selling shoes, another is selling cars. From the software standpoint it is one chatbot solution running as an online service accessed remotely or a program available locally. In both cases they are two identical instances of the same software (one instance for the shoes company, another for the cars company).
Yet, for the first company the chatbot is supposed to talk about flip-flops, summer shoes, high heels and so on. For the second company, however, the chatbot is not expected to know any of that. Instead, the chatbot should be able to support conversations about car brands, car models, should know how to tell Toyota Camry from Toyota Corolla, etc. This shoes and cars knowledge is not programmable. It is trainable. It is not coded, instead it is a part of language processing capability that AI solutions like chatbots have. And herein lies the major differentiation and advantage of the AI solutions compared to traditional software.

How to train AI?
There are several ways to do it. Sometimes AI system can train itself, improve its linguistic ability over time. It also can be trained by professional linguists. And in some cases, by the users. The latter is the desirable scenario because businesses know better than anybody else what they want their chatbot to talk about.
It is not easy, given the existing state of AI technology, and usually requires a high level of technical knowledge. You may have heard mentions of intents and entities in chatbot discussions. These are examples of linguistic elements AI training is currently based on.
Without proper understanding of what these linguistic elements are and how language acquisition process works in existing AI systems it is better to leave AI training to professional linguists.

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