At the third edition ‘Internet of Things Summit’ organised by Confederation of Indian Industry (CII), FORE School of Management Director Jitendra K Das, said: “Our lives will no longer be the same and it would change drastically at all levels, as IoT enabled tech products are going to be cheaper.” Dr Das talked about the hyper-connected world in the new normal.
Jitendra K Das
Many changes to come post AI
“We are familiar with the cost of electronics and IT operations going down, hardware costs coming down drastically, and firmware getting embedded with the hardware, in a more effective way. It would make it affordable for all and impact lives. The way we do business, the way we interact with people at offices, the way we transact and negotiate, will all change drastically as AI makes an entry. A lot of intelligent inputs will be introduced into the discussions held between two individuals or parties, having Generative Pre-trained Transformer (GPT-3) devices at their disposal,” said Das.
Essentially, GPT is a machine learning software, where the system is trained to do the prediction and provide insights. GPT-3, analyses huge amounts of data and is enabled to amass 175 billion parameter values, making it the largest AI model developed to get stunning results. GPT-3 was trained using huge amounts of data from platforms like Common Crawl and Wikipedia. The entire Wikipedia is 0.6 per cent of the data of the GPT-3 where questions can be asked and AI responds.
Rapid growth
Transformative AI has many advantages, as it takes much less time to train and gives a head start compared to developing from scratch. It also makes AI much more accessible.
“The pace of change would be very fast over the next few years. What we don't know yet is what kind of impacts it will have. But, we need to be aware and be prepared for these types of tech solutions will allow production systems to accelerate machine learning initiatives without undertaking the cost of building out new development frameworks,” added Das, who has been earlier associated with IIM Ahmadabad, Kozhikode and Lucknow.