Happy new year ! At the beginning of 2015, it is a good time to consider what will happen in the fields of machine learning and mobile services in 2015. Followed by the blog last week, we consider recommender systems and internet of things as well as investment technologies. I hope you can enjoy it !
3. Recommender systems
Recommender systems are widely used from big companies such as amazon.com and small and medium-sized companies. Going forward, as image recognition technology progresses rapidly, consumer generated data such as pictures and videos must be taken to analyze consumers behaviors and construct consumers preferences effectively. It means that unstructured data can be taken and analyzed by machine learning in order to make recommendations more accurate. This creates a virtuous cycle. More people take pictures by smartphones and send them thorough the internet, more accurate recommendations are. It is one of the good examples of personalization. In 2015 a lot of mobile services have functions for personalization so that everyone can be satisfied with mobile services.
4. Internet of things
This is also one of big theme of the internet. As sensors are smaller and cheaper, a lot of devices and equipments from smart phone to automobile have more sensors in it. These sensors are connected to the internet and send data in real-time basis. It will change the way to maintain equipments completely. If fuel consumption efficiency of your car is getting worse, it may be caused by failure of engines so maintenance will be needed as soon as possible. By using classification algorithm of machine learning, it must be possible to predict fatal failure of automobiles, trains and even homes. All notifications will be sent to smartphones in real-time basis. It leads to green society as efficiency are increasing in terms of energy consumption and emission control.
5. Investment technology
I have rarely heard that new technologies will be introduced in investment and asset management in 2014 as far as I concerned. However I imagine that some of fin-tech companies might use reinforcement learning, one of the categories of machine leaning. Unlike the image recognition and machine translation, right answers are not so clear in the fields of investment and asset management. It might be solved by reinforcement learning in practice in order to apply machine learning into this field. Of course, the results of analysis must be sent to smart phone in real-time basis to support investment decisions.
Mobile services will be enhanced in 2015 dramatically because machine learning technologies are connected to mobile phone of each customer. Mobile service with machine learning will change the landscape of each industries sooner rather than later. Congratulations!