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July 17, 2021 5 minutes read

The Internet of AI: Empowering the Next Industrial Revolution

Just as the internet forever changed the way the world works, we can bring about a new wave of industrial and technological advancement. We can achieve this by enhancing human, business, and social capabilities with smart, automated, and data-driven AI technologies. These advancements, with the internet of AI will be unlike anything the world has ever seen.

In this article, we will talk about how to bring about those changes. In addition, Openfabric’s mission to be the internet of AI and their role in the next logical step of human advancement.

The Internet Transformation

Artificial Intelligence (AI) has reached critical mass in everyday business discourse. It is such a transformative technology that early-stage startups to large, enterprises are using or have considered using it. They use it to

  • Improve processes
  • Drive better decision-making
  • Enhance services
  • Improve offerings, and support.

As AI capabilities improve and mature, this trend will only continue to grow. Just as internet adoption grew exponentially between inception and mass adoption.

Today, there is virtually no facet of life that hasn’t been transformed by the internet. It has revolutionized communications, healthcare, transportation, entertainment, science, manufacturing, education, governance, agriculture, security, and everything in between.  It continues to be a source of competitive advantage and innovation for businesses all over the world.

The internet itself also underwent significant transformations during this time. It is no longer simply a conduit for information. The emergence of Web 2.0 (and now, decentralized Web 3.0) brought with it social media, hyper-focused services. This accompanied highly customizable, interactive, and crowd-based applications.

The internet changed from simply being a tool for information exchange. It evolved to a multifunctional tool that allowed people to communicate, entertain themselves and enjoy more rewarding experiences.

From the Internet to AI

The technological shift described above has led to the emergence of AI. It may seem like we are experiencing a sudden leap in technological advancement. The reality is that we are simply in the latest phase of a series of tech-driven transformations. These transformations have delivered exponential leaps in productivity over the past several decades.

From early calculators to today’s AI-assisted chatbots and business management tools, we’ve seen a technological shift. Technology has moved from simply assisting humans by managing and computing data to new technologies such as AI, ML, and robotics. These technologies vastly improve and amplify human capabilities.

The next stage in this evolution is for AI to become autonomous and act without human assistance. These are transformations that will continue to disrupt industries and business models. They will also open new opportunities in the years to come.

AI Trends and Global Opportunities

To understand these opportunities, let’s look a little more closely at the trends that we are currently experiencing on a global scale.

Firstly, tech-powered systems are becoming increasingly capable. Robots and machines can do things that only humans could do in the past — but they can now do them much better. AI can mimic human speech and interactions, translate languages, make highly accurate medical diagnoses, compose legal documents, and play games. It can do so non-stop and in an automated fashion while learning from its mistakes and improving accuracy along the way.

Secondly, such systems are becoming increasingly commonplace. The lines between the cyberspace online and offline worlds are becoming increasingly blurry. Smart AI systems can be seamlessly integrated into our environment that we hardly notice that they are there. From smart homes and smart cities to smart manufacturing plants and elsewhere. Appliances, devices, and sensors are already ushering us into a physical world driven by virtual AI capabilities.

Thirdly, we are becoming increasingly measured. Every day, more data is generated than ever before. It is only with AI can we begin to scratch the surface of the value and insights contained within this data. A simple AI algorithm studying pictures or documents, for example, can accomplish in a few seconds what it would take years of teams to do on their own.

The culmination of these three global changes is what creates such a rich opportunity for advancement and innovation, and this is what lies at the heart of the Openfabric mission.

The Openfabric Mission: To become the Internet of AI

Our human abilities are limited. AI has no such limitations. With increasingly advanced capabilities in the areas of creativity, intuition, and lifelike interactions, AI is quickly moving from simply being an efficiency tool to becoming an all-out game-changer.

At Openfabric, we envision a world in which everyone has quick, easy and low-cost access to resources. This includes the data and algorithms they need to create better and more personalized services than the alternatives available today. By providing this access to techies and laymen, we can power a new wave of innovation and advancement, just as basic internet access drove many of the most important technological innovations of the last 20 years.

This is the Openfabric mission, to become the internet of AI. Our platform is built with decentralization, security, scalability, interoperability, and ease-of-use at its core. It is designed to help people tap into the vast potential of AI algorithms and applications built and published by innovators to create products, services, and solutions of their own. These potentially include solutions and applications that we may be able to imagine today but can come nowhere close to developing without the unfettered capabilities of advanced AI.

Final Thoughts

We expect adopters of AI technology to continue to extract value and enjoy advantages that are inaccessible to others. While early-mover advantages may eventually fade as adoption becomes commonplace, AI-driven organizations will have to work toward creating new competitive advantages to maintain their edge. This can come in the form of better integrations or more widely available use cases.

Businesses must also move from using AI solely for improving efficiency (which is a common use case today in many industries). They should use it for differentiation, automation, optimization, and discovering new ways of doing things and creating new products and services.

The ability to scale offerings and customize them to specific uses is also important. The AI “preparedness gap” means users must be ready to implement AI-focused policies in areas such as strategy, operations, product/service design and development, and risk management.

This is where Openfabric comes in. If we can only open our eyes to the capabilities and potential of AI, we can better select and evaluate where and how we can and should be leveraging new AI-powered tools and technologies. Now is the time to chart a new path, and Openfabric provides a practical way forward.

To learn more about our vision of seamless, effective, and hassle-free AI access for all, please visit us at openfabric.ai.

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