Blog: AI and what the Mindsync does
The age of AI technologies is well and truly upon us. While movies like The Matrix have shown us the cataclysmic effects of intelligent machines, we cannot ignore the vast benefits that AI technologies bring to businesses today. The use of AI technologies can help reduce operational costs, increase efficiency, grow revenue and vastly improve the customer experience. And unbeknownst to us, we are surrounded by intelligent devices that are making our lives easy. Businesses around the world are realizing the awesome powers and capabilities AI technologies can bring to their processes. And it has been estimated that global spending on cognitive and AI systems will surpass $19 billion in 2018, an increase of more than 50% over the amount spent last year. This shows the tremendous interest of global businesses to secure a competitive advantage by using AI technologies. However, like any growing market, the AI market also suffers from certain pain points, which, if not addressed, may prove to hinder the effective utilization of this truly transformative technology. MindSync is a platform and a global community of AI/ML experts so that businesses of all kinds and sizes may benefit from world class talent on a single platform. Customers can order customized AI solutions through ML/DS challenges or choose from a wide collection of ready solutions. Apart from these, the MindSync platform will also look to strategically partner with decentralized supercomputer projects and crypto mining farms and make this computing power available to community members and customers. This will help reduce the high costs for availing computing capabilities and allow everyone, from schoolchildren to scientists, to use the previously inaccessible computational power in their projects and open new horizons for researchers in AI domain.