Confederation Of Indian Industry Organizes 'Internet of Things Summit'
Dr Jitendra K Das, Director, FORE School of Management, New Delhi, talked about the hyperconnected world as the new normal, at the 3rd edition of 'Internet of Things Summit'.
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, said Dr Jitendra K Das, Director, FORE School of Management, New Delhi.
Dr Das talked about the hyperconnected world as the new normal, at the 3rd edition of 'Internet of Things Summit' organized by Confederation of Indian Industry (CII) over virtual platform on August 28, 2020.
“We are familiar with the cost of electronics and the IT operations going down, hardware costs are coming down drastically and firmware is getting embedded with the hardware, in a more effective way, which would make it affordable for all and impact lives. The way we do business, the way we interact with people & offices, the way we transact and negotiate will all change drastically as Artificial Intelligence is moving in a new direction. A lot of intelligent inputs will be introduced in the discussion held between two individuals or parties, having GPT 3 devices at their disposal”, said Dr Das.
Essentially, GPT or Generative Pre-trained Transformer 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% of the data of the GPT3 where questions can be asked and AI responds.
This has enabled the AI to use its current learnings and transform it to apply to other tasks. 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 as 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 Dr Jitendra K Das, who has been earlier associated with IIM Ahmadabad, Kozhikode and Lucknow. With a B.Tech. and M.Tech. both from the IIT Delhi, a Doctorate from the University of Toronto, he has been a Professor of Marketing & the founder Dean of the IIM Lucknow, Noida Campus.
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