Deep learning involves the study of synthetic neural
networks and other associated machine learning algorithms containing several
hidden layers. It is a new subfield in machine learning that works toward
improving various areas such as language and image processing and voice search.
Deep learning is changing the future of technology in
several ways. Here are some of the major application areas:
Recommendation
Engines
Many big companies, such as Google and Amazon use
recommendation engines for their mobile and web applications. These companies
have access to large user-generated databases that help them add value to both
their businesses and their users.
Voice-activated
Virtual Assistants
The most popular application area for deep learning is voice
search and voice-activated virtual assistants. Many tech giants have
significantly invested in this application area and this feature can now be
found on almost all smartphones. Well-known examples of voice-activated
intelligent assistants are Microsoft’s Cortana and Apple’s Siri.
Image
Recognition
Image recognition is another growing area of deep learning.
It is aimed at recognizing and identifying various objects and people in
images. It is already in use in many sectors such as social media, gaming, and
tourism.
Market
Insights
The global deep learning market is expected to
witness substantial growth because of its rising application in various
industries such as healthcare and autonomous vehicles. Significant developments
in various machine learning algorithms and deep learning chipsets is a key
growth factor for the market. Microsoft Corp.; NVIDIA Corp.; Google, Inc.;
Clarifai, Inc.; Advanced Micro Devices, Inc.; and Intel Corp. are some of the
key companies operating in the global market. These major players are actively
engaged in mergers and acquisitions to deal with issues of developing suitable
hardware and to gain a stronger market position. In addition, these companies
are investing extensively in building deep learning capabilities to integrate
this technology into their services and products.
In-Depth
research report on Deep Learning Market:
http://www.grandviewresearch.com/industry-analysis/deep-learning-market
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