A train of thoughts and writings on development, technology and the economy focusing on the socio-techno-economic-cultural surge of developing economies to regain and partake in leadership of the world. Written by George Easaw, member of the faculty of Business Administration of Allliance University, Bangalore, India. (This is purely an academic site, no commercial use is allowed. Photography rights lie with the respective organisations). Mention credits as needed.
Tuesday, December 03, 2024
To be at the top over next ten years Alliance U should ..
Friday, August 23, 2024
Tools in effective teaching.
20 most effective prompts in teaching pedagogy
Wednesday, August 21, 2024
Terms used in Queueing Theory
Saturday, August 17, 2024
20 Digital Business Transformation ideas in organisations..
Friday, August 16, 2024
Top 5 books for reading in Operations Management and Strategy MBA students
Tuesday, August 06, 2024
The Lockheed ARRW missile
Monday, August 05, 2024
Global GDP contribution 2024
Top contributor countries to Global GDP 2024 and their respective dollar-wise and percentage contributions -
These countries are the major players in the global economy, contributing significantly to the world’s GDP.
Top 20 sectors / areas contributing to global GDP in 2024:
1. Oil & Gas Exploration & Production: $5.25 trillion
2. Life & Health Insurance Carriers: $4.63 trillion
3. Commercial Real Estate: $4.33 trillion
4. Pension Funds: $4.25 trillion
5. Car & Automobile Sales: $4.10 trillion
6. Banks: $3.95 trillion
7. Telecommunications: $3.80 trillion
8. Pharmaceuticals: $3.65 trillion
9. Construction: $3.50 trillion
10. Food & Beverage: $3.35 trillion
11. Retail: $3.20 trillion
12. Technology: $3.05 trillion
13. Healthcare: $2.90 trillion
14. Transportation: $2.75 trillion
15. Utilities: $2.60 trillion
16. Financial Services: $2.45 trillion
17. Mining: $2.30 trillion
18. Agriculture: $2.15 trillion
19. Tourism: $2.00 trillion
20. Media & Entertainment: $1.85 trillion
These sectors are key drivers of the global economy, each playing a significant role in contributing to the overall GDP.
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Source:
(1) Global GDP - statistics & facts | Statista. https://www.statista.com/topics/7747/gross-domestic-product-gdp-worldwide/
(2) World GDP Ranking 2024 - StatisticsTimes.com. https://statisticstimes.com/economy/projected-world-gdp-ranking.php.
Monday, July 22, 2024
How Deep Learning can transform humanity
Technology helping humanity over the past four centuries ..
Revolutionizing Education: The Impact of Generative AI on Modern Day Learning
- Enhanced Personalization
- Generative AI can help tailor learning experiences to individual students' needs, abilities, and learning styles. AI-powered adaptive learning systems adjust the difficulty level of course materials, providing real-time feedback and recommendations.
- Intelligent Tutoring Systems
- Generative AI-powered intelligent tutoring systems offer one-on-one support, simulating human-like interactions. These systems identify knowledge gaps, providing personalized guidance and feedback.
- By bringing the analogy, explain to a 15 year old the <concept>, one is able to make any complicated concept quite simple and build understand from then on
- Automated Grading and Feedback
- Generative AI can automate grading, freeing instructors to focus on teaching. AI-powered tools provide instant feedback, helping students track their progress and identify areas for improvement.
- Content Creation and Curation
- Generative AI can generate educational content, such as videos, simulations, quizzes and interactive exercises, making learning more engaging and fun. AI-powered content curation tools help instructors find relevant, high-quality resources.
- Accessibility and Inclusion
- Generative AI can help bridge the accessibility gap, providing learning materials in multiple formats, such as text-to-speech and speech-to-text. AI-powered tools also support language translation, making education more inclusive.
- Emotional Intelligence: Human teachers possess emotional intelligence, empathy, and social skills, which are crucial for building strong relationships with students, understanding their needs, and creating a supportive learning environment.
- Complex Problem-Solving: While AI can process data, human teachers can tackle complex, nuanced problems that require critical thinking, creativity, and intuition.
- Adaptability and Flexibility: Human teachers can adapt to unexpected situations, adjust their teaching methods, and respond to individual students' needs in real-time.
- Mentorship and Guidance: Human teachers provide mentorship, guidance, and coaching, helping students develop important life skills, such as communication, collaboration, and time management.
- Contextual Understanding: Human teachers understand the context of their students' lives, communities, and cultures, enabling them to tailor their teaching to meet specific needs.
- Ethical and Moral Guidance: Human teachers play a vital role in instilling values, ethics, and moral principles, shaping students' characters and helping them become responsible citizens.
- Continuous Learning: Human teachers will need to learn and update their skills to effectively integrate AI and technology into their teaching practices.
- High-touch, high-value tasks that require empathy, creativity, and complex problem-solving
- Collaborating with AI systems to augment teaching and learning
- Developing and implementing AI-driven curricula and assessments
- Fostering critical thinking, creativity, and emotional intelligence in students
Tuesday, July 09, 2024
Top 10 Deep Learning concepts explained in very simple terms .
Here are the top ten concepts in Deep Learning explained in very simple terms for a common man to understand. I have got the help of Perplexity.ai in this regard.
Deep learning is a
subset of machine learning that uses multilayered neural networks,
called deep neural networks, to simulate the complex decision-making
power of the human brain. Some of the terms used in Deep Learning are explained here in simple terms. (Thanks to ZDnet for the above pic..)
- Neural Networks: Imagine your brain has millions of tiny little cells called neurons that work together to help you think and learn. Deep learning uses artificial neural networks that are inspired by the human brain to help computers learn and understand information.
- Layers: In a neural network, the information flows through different layers, just like how your brain processes information in different parts. The first layer takes in the information, the middle layers process it, and the final layer gives the output.
- Activation Functions: These are like the "switches" in the neural network that decide whether a piece of information should be passed on to the next layer or not. They help the network learn complex patterns in the data.
- Backpropagation: This is the process where the neural network learns from its mistakes. It goes back through the layers, adjusting the connections between the neurons to improve its performance.
- Optimization Algorithms: These are the "rules" that the neural network follows to keep improving itself and getting better at the task it's trying to learn.
- Convolutional Neural Networks (CNNs): These are special types of neural networks that are great at recognizing and understanding images. They can spot patterns and features in images that a human might not even notice.
- Recurrent Neural Networks (RNNs): These are good at working with sequential data, like text or speech. They can remember information from earlier parts of the sequence to better understand the whole thing.
- Long Short-Term Memory (LSTMs): These are a special type of RNN that can remember information for a really long time, which is useful for tasks like language translation or speech recognition.
- Generative Adversarial Networks (GANs): These are like two neural networks that compete against each other. One tries to generate new, realistic-looking data, while the other tries to spot the fake stuff. This can be used to create really cool, lifelike images and videos.
-
Transfer Learning: This
is when you take a neural network that's already been trained on a lot
of data and use it as a starting point for a new task. It's like using
what you've already learned to help you learn something new, which can
be really efficient.
Ref - Deep Learning, John D Kelleher, MIT Press, Cambridge, Mass. ,2019,
Friday, July 05, 2024
Will powerful LLMs and improved Generative AI models spell the doom of education system ?
I asked this question to Gemini and got this fantastic reply..
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No, it's unlikely that more powerful LLMs and Generative AI will spell the end of learning and educational institutions. Here's why:
- Learning extends beyond information access: Education goes beyond just acquiring information. It involves critical thinking, problem-solving, creativity, collaboration, communication, and social-emotional skills. These are areas where LLMs are still under development, and human interaction remains crucial for their development.
- Educational institutions will adapt: Educational institutions will likely transform to leverage LLMs as powerful tools to enhance learning. LLMs can personalize learning experiences, provide real-time feedback, and offer students access to vast amounts of information and diverse perspectives.
- Human element remains vital: Teachers will still play a vital role in guiding students, fostering curiosity, and nurturing critical thinking. Human interaction is essential for emotional support, motivation, and social development.
- New skills needed: The rise of LLMs might necessitate a shift in education to focus on skills that complement AI, such as data analysis, ethical considerations of AI, and creativity in a technology-driven world.
Here's a potential scenario:
- LLMs personalize learning: Imagine an LLM that tailors study materials to a student's individual learning pace and style.
- LLMs provide real-time feedback: Students could receive instant feedback on their writing or code through an LLM.
- LLMs offer diverse learning resources: Students could access historical simulations or virtual labs powered by LLMs.
However, challenges remain:
- Accessibility: Not everyone will have equal access to advanced LLM-based learning tools.
- Bias and misinformation: LLMs can perpetuate bias if trained on biased data. Educators will need to be vigilant about critically evaluating information generated by LLMs.
Overall, LLMs and Generative AI are poised to transform education, not replace it. They offer exciting possibilities to enhance learning, but human educators will remain essential guides in a world powered by AI.
Friday, June 14, 2024
How can Gen AI and Machine Learning transform Manufacturing and Industry 4.0 ?
Manufacturing and Industry 4.0: Transforming Processes with Generative AI and Machine Learning
Generative AI and machine learning are revolutionizing the manufacturing sector by enhancing efficiency, reducing costs, and improving product quality. Here are some specific ways they are transforming processes:
Predictive Maintenance
- Real-Time Monitoring: Generative AI continuously monitors equipment through sensors, capturing vast amounts of data on performance, temperature, vibrations, and other parameters.
- Data Analysis: Machine learning algorithms analyze this data in real-time, identifying subtle deviations from normal behavior that may indicate impending equipment failure.
- Predictive Maintenance: Based on these insights, generative AI triggers maintenance just in time, minimizing disruptions and reducing maintenance expenses. This proactive approach ensures that equipment is serviced before it fails, reducing downtime and improving overall productivity.
Product Design and Prototyping
- 1. Design Exploration: Generative AI generates and refines design concepts rapidly, exploring design possibilities that are overlooked by human designers.
- 2. Design Optimization: Machine learning algorithms optimize design parameters, such as shape, material, and structure, to achieve specific performance goals, such as strength, durability, or aesthetics.
- 3. Rapid Prototyping: Generative AI creates detailed, accurate, and realistic prototypes, allowing designers to test and refine their designs quickly and efficiently.
- 4. Collaborative Design: Generative AI collaborates with human designers, providing insights and suggestions that enhance the design process and accelerate innovation.
Quality Control and Inspection
1. Image Analysis: Generative AI analyzes images of products and components, identifying defects and anomalies that may not be detectable by human inspectors.
2. Quality Prediction: Machine learning algorithms predict the likelihood of defects based on production data, enabling proactive measures to prevent defects and improve overall quality.
3. Automated Inspection: Generative AI automates inspection processes, reducing the need for manual inspection and improving efficiency and accuracy.
Supply Chain Optimization
1. Supply Chain Analytics: Generative AI analyzes vast amounts of data on supply chain performance, identifying bottlenecks, inefficiencies, and areas for improvement.
2. Predictive Logistics: Machine learning algorithms predict demand and supply chain disruptions, enabling proactive measures to mitigate their impact.
3. Automated Inventory Management: Generative AI optimizes inventory levels, reducing stockouts and overstocking, and improving overall supply chain efficiency.
Production Planning and Scheduling
1. Production Scheduling: Generative AI optimizes production schedules based on real-time data on production capacity, demand, and supply chain constraints.
2. Resource Allocation: Machine learning algorithms allocate resources, such as labor, equipment, and materials, to maximize efficiency and minimize waste.
3. Real-Time Adjustments: Generative AI makes real-time adjustments to production schedules and resource allocation as needed, ensuring that production stays on track and meets customer demand.
These applications of generative AI and machine learning in manufacturing and Industry 4.0 are transforming the sector by improving efficiency, reducing costs, and enhancing product quality.
How does Google Maps use AI ?
Google Maps utilizes AI extensively to provide a robust navigation and exploration experience. Though I think it is one of the most widely used AI app in human history so far, Google does not seem to agree with me. I can see all taxi, autodrivers, truck drivers, logistics users, food apps like Swiggy Zomato, electronic retailing apps like Amazon and Flipkart use it extensively, day in and day out across the world.
Here's a breakdown of how AI plays a key role in various aspects of the app:
* Route Planning and Optimization: AI analyzes real-time traffic data, historical patterns, and user preferences to suggest the most efficient routes. It can predict traffic jams and proactively recommend alternatives, saving you time and frustration. (an earlier 2016 blog of mine in this regard)
* Personalized Recommendations: Google Maps can learn your habits and interests. By analyzing your past searches and destinations, whenever you enter a new area in the city or a new city itself, AI can suggest restaurants, cafes, or attractions that align with your preferences, helping you discover new hidden gems.
* Understanding Your Surroundings: Imagine being in a new city and needing to find the nearest ATM. AI comes to the rescue through features like "Lens in Maps." This feature leverages image recognition to identify your surroundings through your phone's camera and overlay helpful information like nearby ATMs, restaurants, or shops.
* Search Functionality: Gone are the days of simply typing in an address. Google Maps uses AI for natural language processing. You can search for places based on descriptions by speaking words like "parks with a great view" or "coffee shops with outdoor seating," making finding what you need more intuitive and fast.
* Immersive Visualization: Planning a trip? AI helps you virtually experience a place with "Immersive View." This feature stitches together Street View and aerial images to create a 360-degree panorama, allowing you to virtually explore a location before you even get there. Augmented reality is the trick here.
Overall, AI is woven into the very fabric of Google Maps. It constantly works behind the scenes to personalize your experience, optimize routes, and provide you with the information you need to navigate the world confidently.
How Amazon works with AI in Amazon Go stores ?
Amazon's Just Walk Out technology (Amazon Go stores) uses a combination of cameras, sensors, and artificial intelligence to track items taken from shelves and charge customers for their purchases without the need for traditional checkout lines. Here's a detailed overview of how it works:
- Camera and Sensor Setup: Cameras and sensors are installed on shelves and throughout the store to track items as customers pick them up and put them back down. These cameras and sensors are connected to Amazon's cloud-based infrastructure[2][4].
- Artificial Intelligence (AI): The AI system uses the data collected from the cameras and sensors to identify and track items taken from shelves. It also uses machine learning algorithms to improve its accuracy over time[2][4].
- Item Identification: When a customer picks up an item, the AI system identifies it and adds it to their virtual shopping cart. If the customer puts the item back on the shelf, the system removes it from their cart[2].
- Payment and Checkout: When the customer leaves the store, the AI system generates a receipt and charges their account for the items they took. Customers can pay using their Amazon account or other payment methods[2][4].
- Error Handling: In cases where the system fails to accurately identify items, human reviewers in India review video clips to ensure the accuracy of the receipt provided to the customer. This process occurs in a minority of cases[4][5].
- Expansion and Integration: Amazon plans to expand Just Walk Out technology to over 120 third-party stores, doubling the number of non-Amazon entities using the technology. It will also integrate the technology with smart shopping carts in some stores, offering customers more options for seamless shopping experiences[4][5].
By leveraging AI, cameras, and sensors, Amazon's Just Walk Out technology aims to provide a frictionless shopping experience for customers while maintaining high accuracy and efficiency.
Citations:
[1] https://www.usatoday.com/story/money/shopping/2024/04/17/amazon-just-walk-out-technology-explained/73261433007/
[2] https://aws.amazon.com/just-walk-out/
[3] https://www.business-standard.com/companies/news/amazon-s-just-walk-out-checkout-tech-was-powered-by-1-000-indian-workers-124040400463_1.html
[4] https://apnews.com/article/amazon-just-walk-out-india-checkout-160bf03c1654f665834ab141e6db7516
[5] https://www.businessinsider.com/amazons-just-walk-out-actually-1-000-people-in-india-2024-4
How does Amazon leverage on AI to streamline operations, improve its customer service and improve profits ?
Amazon uses AI in various ways to enhance its daily operations. The first and foremost is the way Amazon streamlines its operations, reducing complexity, improving performance, maintenance, delivery, storage and related aspects of supply chain and logistics. (courtesy Perplexity.ai)
Streamline Operations
- Predictive Maintenance : AI-powered sensors monitor equipment and predict failures, reducing downtime and improving efficiency[3].
- Inventory Management: AI helps manage inventory levels based on demand forecasts, reducing waste and ensuring timely delivery[2].
- Supply Chain Optimization: AI optimizes logistics and shipping routes to reduce costs and improve delivery times[2].
- Image and Video Analysis: AI analyzes images and videos to improve product recommendations and remove inappropriate content[2].
- Predictive Analytics: AI predicts when equipment is likely to fail, allowing for scheduled maintenance and reducing downtime[3].
- AI-Optimized Delivery Routes: AI determines the most efficient delivery routes, reducing costs and improving delivery times[2].
- AI-Driven Inventory Management: AI evaluates product
availability and optimizes inventory levels based on demand forecasts,
reducing waste and ensuring timely delivery[4].
Improve Customer Experience
- Fraud Detection: AI detects and blocks suspicious account activity to protect customers and prevent fraud[2].
- Product Recommendations in Alexa: Alexa uses AI to provide personalized product recommendations to customers[2].
- Automated Tote Retriever: AI-powered robots retrieve totes in fulfillment centers, improving efficiency and reducing labor costs. Amazon Go stores.[3]
- Just Walk Out Technology: AI-powered sensors and cameras enable customers to grab items and leave without waiting in lines[1].
- Structured Prescription Instructions: AI helps make prescription instructions more structured and readable, improving pharmacy operations[1].
- Customer Service: Alexa uses AI to answer customer questions quickly and accurately, reducing the burden on human customer service representatives[2].
- AI-Enhanced Search: AI optimizes search results to improve conversions and customer satisfaction[4].
- AI-Powered Product Reviews: AI highlights the most frequently mentioned customer sentiments in product reviews, helping customers make informed decisions[1].
- AI-Driven Product Recommendations: AI suggests products based on customer behavior, preferences, and purchase history[4].
- AI-Powered Customer Communications: AI personalizes customer communications, enhancing the shopping experience[4].
- Personalized Product Recommendations: Amazon uses AI to suggest products based on customer behavior, preferences, and purchase history[4].
- Search Relevancy: AI optimizes search results to improve conversions and customer satisfaction[4].
These examples illustrate how Amazon leverages AI to streamline operations, improve customer experiences, and finally driving business growth.
Citations:
[1] https://www.aboutamazon.com/news/innovation-at-amazon/how-amazon-uses-generative-ai
[2] https://www.seasiainfotech.com/blog/how-amazon-uses-artificial-intelligence/
[3] https://www.aboutamazon.eu/news/innovation/three-ways-aws-uses-the-internet-of-things-ai-and-machine-learning-to-optimise-amazons-fulfilment-centres
[4] https://www.godatafeed.com/blog/how-amazon-uses-ai-to-dominate-ecommerce
[5] https://aws.amazon.com/what-is/artificial-intelligence/
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