Source: Live Science
Artificial Intelligence: Market Overview
Deep Learning/Machine Learning (General): Companies that build computer algorithms that operate based on their learnings from existing data. Examples include predictive data models and software platforms that analyze behavioral data.
Deep Learning/Machine Learning (Applications): Companies that utilize computer algorithms that operate based on existing data in vertically specific use cases. Examples include using machine learning technology to detect banking fraud or to identify the top retail leads.
Natural Language Processing (General): Companies that build algorithms that process human language input and convert it into understandable representations. Examples include automated narrative generation and mining text into data.
Natural Language Processing (Speech Recognition): Companies that process sound clips of human speech, identify the exact words, and derive meaning from them. Examples include software that detects voice commands and translates them into actionable data.
Computer Vision/Image Recognition (General): Companies that build technology that process and analyze images to derive information and recognize objects from them. Examples include visual search platforms and image tagging APIs for developers.
Computer Vision/Image Recognition (Applications): Companies that utilize technology that process images in vertically specific use cases. Examples include software that recognizes faces or enables one to search for a retail item by taking a picture.
Gesture Control: Companies that enable one to interact and communicate with computers through their gestures. Examples include software that enables one to control video game avatars through body motion, or to operate computers and television through hand gestures alone.
Virtual Personal Assistants: Software agents that perform everyday tasks and services for an individual based on feedback and commands. Examples include customer service agents on websites and personal assistant apps that help one with managing calendar events, etc.
Smart Robots: Robots that can learn from their experience and act autonomously based on the conditions of their environment. Examples include home robots that could react to people’s emotions in their interactions and retail robots that help customers find items in stores.
Recommendation Engines and Collaborative Filtering: Software that predicts the preferences and interests of users for items such as movies or restaurants, and delivers personalized recommendations to them. Examples include music recommendation apps and restaurant recommendation websites that deliver their recommendations based on one’s past selections.
Context Aware Computing: Software that automatically becomes aware of its environment and its context of use, such as location, orientation, lighting and adapts its behavior accordingly. Examples include apps that light up when detecting darkness in the environment.
Speech to Speech Translation: Software which recognizes and translates human speech in one language into another language automatically and instantly. Examples include software that translates video chats and webinars into multiple languages automatically and in real-time.
Video Automatic Content Recognition: Software that compares a sampling of video content with a source content file to identify the content through its unique characteristics. Examples include software that detects copyrighted material in user-uploaded videos by comparing them against copyrighted material.
Forrester’s Top Emerging Technologies To Watch: 2017-2021
As a refresh to my 2014 blog and report, here are the next 15 emerging technologies Forrester thinks you need to follow closely. We organize this year’s list into three groups — systems of engagement technologies will help you become customer-led, systems of insight technologies will help you become insights-driven, and supporting technologies will help you become fast and connected.
Why these 15? You might have noticed a few glaring omissions. Certainly blockchain has garnered a lot of attention; and 3D printing is on most of our competitors’ lists. The answer goes back to being customer led, insights driven, fast, and connected. Those of you that follow our research will recognize these as the four principles of customer obsessed operations. The technologies we selected will have the biggest impact on your ability to win, serve and retain customers whose expectations of service through technology are only going up. Furthermore, our list focuses on those technologies that will have the biggest business impact in the next five years. We think blockchain’s big impact outside of financial services, for example, is further out so it didn’t make our list, even though it is important. Maybe by 2018, when I update our list next.
Since I don’t have room here for details about all of our technologies, I’ll focus on five that we think have the potential to change the world. That’s ? of our list by the way – which means a lot of change is coming; it’s time to make your technology bets.
- IoT software and solutions bring customer engagement potential within reach. Theses software platforms and solutions act as a bridge between highly specialized sensor, actuator, compute, and networking technology for real-world objects and related business software. This technology gives firms visibility into and control of customer and operational realities. By 2021, technology for specific use cases will be mature, but protocol diversity, immature standards and the need for organizational changes will still stymie or delay many firms. …
- Intelligent agents coupled with AI/cogntive technologies will automate engagement and solve tasks. Intelligent agents represent a set of AI-powered solutions that understand users’ behavior and are discerning enough to interpret needs and make decisions on their behalf. By 2021, we think that automation, supported by intelligent software agents drivng by an evolution in AI and cogntive technology will have eliminated an net 6% of US jobs. But the loss won’t be uniform. There will be an 11% loss of jobs that are vulnerable and a 5% creation of jobs in industries that stand to benefit. …
- Augmented reality overlays digital information and experiences on the physical world using combinations of cameras and displays. While we cover both VR and AR, we find that while a lot of attention has been placed on VR, AR has more play, for enteprises in the short term and eventually for consumers as well. By 2021, we will be fully into a transition period between separated and tightly blended physical and digital experiences in our work and lives. …
- Hybrid wireless technology will eventually ereate connected cverything. Hybrid wireless technologies are the interfaces and software that allow devices to simultaneously leverage and translate between two or more different wireless providers, protocols, and frequency bands, such as light, radio, Wi-Fi, cellular, and Sigfox. By 2021, a virtual network infrastructure will emerge to weave together wireless technologies that globally connect IoT and customer engagement platforms.
What AI Researchers Say About When Superintelligence will Arrive
To get a more accurate assessment of the opinion of leading researchers in the field, I turned to the Fellows of the American Association for Artificial Intelligence, a group of researchers who are recognized as having made significant, sustained contributions to the field.
In early March 2016, AAAI sent out an anonymous survey on my behalf, posing the following question to 193 fellows:
“In his book, Nick Bostrom has defined Superintelligence as ‘an intellect that is much smarter than the best human brains in practically every field, including scientific creativity, general wisdom and social skills.’ When do you think we will achieve Superintelligence?”
…In essence, according to 92.5 percent of the respondents, superintelligence is beyond the foreseeable horizon.
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Smart Home Today and in the Future
The smart home market is expected to grow from $46.97 Billion in 2015 to $121.73 Billion by 2022, at a CAGR of 14.07% between 2016 and 2022.
Leading vendors:
- Honeywell International Inc. (U.S.),
- Legrand (France),
- Ingersoll-Rand plc. (Ireland),
- Johnson Controls Inc. (U.S.),
- Schneider Electric SE (France),
- Siemens AG (Germany),
- ABB Ltd. (Switzerland),
- Acuity Brands, Inc. (U.S.),
- United Technologies Corporation (U.S.),
- Samsung Electronics Co., Ltd. (South Korea),
- Nest Labs, Inc. (U.S.),
- Crestron Electronics, Inc. (U.S.).
- Appliances & Audio Devices: These include household products that function as a conventional appliance or device, yet offer advantages through connectivity, such as Sectorqube‘s MAID Oven and Sonos‘ smart home speakers. Sonos is the most well-funded smart home startup in terms of equity financing.
- Device Controllers: While most startups produce individual smart home products, these companies produce the devices controlling them. Examples are Peel‘s universal remote and Ivee‘s personal voice assistant, advertised as “Siri for the home.” Both of these companies have received VC funding from Lightspeed Venture Partners and Foundry Group. Most of these products are able to control smart home products from other companies such as Philips and Nest.
- Energy & Utilities: These are companies that utilize sensors, monitoring tech, and data to conserve water and energy. Ecobee and Rachio, for instance, develop products that monitor and control AC and water sprinkler systems respectively, to help make consumption more efficient. Interestingly, several startups in this category have received funding from corporations and corporate venture capital firms, such as Carrier Corporation, which backed Ecobee, and Amazon’s Alexa Fund, which backed Rachio.
- Gardening: These companies focus on producing smart products for watering and monitoring household yards, gardens, and plants. This is one of the smaller categories in terms of number of companies. The most well-funded startup in this category is Edyn, which recently raised a $2M Series A round.
- General Smart Home Solutions: Instead of producing a single smart gadget, these companies build or distribute multi-device systems that automate several parts of your home, such as ecoVent‘s custom vent/sensor system or Vivint‘s third-party device bundles. Vivint, specifically, has secured $145M in equity funding — second in smart homes only to Sonos.
- Health & Wellness: These are products that assist home occupants in maintaining their health and lifestyle, such as MedMinder Systems‘ smart medicine containers and Beddit‘s under-the-bed health sensor. A notable deal in this category is Hello‘s $40M Series A round last year, which made it the most well-funded smart home startup in health & wellness, with over $50M in equity funding.
- Home Robots: This category is home to companies that produce robots specifically for maintenance and assistance in a home environment. These include robotic assistant Jibo, whose total equity funding is currently at $52M, and home cleaning robot Neato.
- Lighting: Taking cues from products such as the Philips Hue, companies like Sequioa Capital-backed LIFX are coming up with their own app-controlled lightbulbs. Others such as Switchmate are going beyond the bulb and building app-controllable light switches.
- Pet/Baby Monitors: These companies focus on producing video monitors and sensors to monitor pets and babies through the comfort of a smartphone. Most startups in this space, such as Y Combinator alumni Lully and Petcube, are young and still in their early stages of funding.
- Safety & Security: These companies utilize the internet and home automation technologies to help protect you and your home with monitors, internet-enabled locks, smart smoke detectors, and more. This is one of the larger and more well-funded categories, as companies in this space include Ring, Simplisafe, August Home, andCanary, which have all received over $40M in equity funding.
- Miscellaneous: Startups in this category have particularly unique offerings, such as Electric Objects‘ dynamic art display, Kamarq‘s sound table, and Notion‘s universal sensor.
Cybersecurity market map
Network & Endpoint Security: This is the largest category in our market map and includes startups like Red Canary which specializes in protecting an enterprise’s computer networks from vulnerabilities that arise as a result of remotely connecting users’ laptops, tablets, and other electronic devices. Other companies, like Cylance, apply artificial intelligence algorithms to predictively identify and stop malware and advanced threats in defense of endpoints.
IoT/IIoT Security: Startups in this category include Argus Cyber Security, which is an automotive cybersecurity company enabling car manufacturers to protect connected vehicles. Also, Indegy, which provides security for Industrial Control Systems (ICS) used across critical infrastructures, e.g., energy, water utilities, petrochemical plants, manufacturing facilities, etc.
Threat Intelligence: Companies include Flashpoint, which illuminates targeted malicious activities on the deep web and dark web to uncover potential threats and thwart attacks.
Mobile Security: Companies in this category include Zimperium, which delivers enterprise mobile threat protection for Android and iOS devices.
Behavioral Detection: Included are companies like Darktrace, which detects abnormal behavior in organizations in order to identify threats and manage risks from cyberattacks.
Cloud Security: Startups like Tigera offer solutions for enterprises looking for secure application and workload delivery across private, public, and hybrid clouds.
Deception Security: Companies like illusive networks can identify and proactively deceive and disrupt attackers before they can cause harm.
Continuous Network Visibility: Protectwise and others offer solutions for visualizing network activity and responding to cyberattacks in real time.
Risk Remediation: Companies, including AttackIQ, offer solutions for pinpointing vulnerabilities in technologies, people, and processes, with recommendations on how to effectively fill security gaps.
Website Security: Distil Networks and Shape Security offer website developers the ability to identify and police malicious website traffic, including malicious bots and more.
Quantum Encryption: Startups like Post-Quantum offer encrypted wireless and data communications technology that relies on the science underlying quantum mechanics.