NOW IT’S THE TURN OF THE SOFTWARE!
History has an uncanny knack of repeating itself. Every new and path breaking technology has had the capability of eating the older one and this has gone on and on. Software we thought was there to stay after it eating up a of lot of other industries. ”Amazon rearranged its website to promote its Kindle digital books over physical books for the first time. Now books themselves are software.” The companies who jumped on to the software bandwagon in 2011 are current market leaders in their respective fields. The hard fact is that the top 5 market capitalisation companies in the second quarter of 2019 are all offering some type of software solutions.
This is just half the story, the ensuing story unfolds differently. Artificial Intelligence, AI, has starting eating the software. Since 2011 there has been unprecedented AI developments. Firstly, computing power of specialised AI chipsets, secondly, training data for AI algorithms with advent of data lakes decreasing cost of training algorithms and thirdly, technological bottlenecks like vanishing gradients sorted out, increasing accuracy and applicability of existing algorithms. Finally, decreasing cloud storage and computing costs plus facilitation of distributed collaborative working.
Hyper Acceleration Wave (2019-2030) has started. New AI companies are already in the process of automating and optimising core processes of business. 148 start ups aim to automate the very costly process of drug development in the pharmaceutical industry. In transportation sector AI start ups create value by optimising shipments. The ultimate is the process of software development itself. AI powered automatic code completion and generation tools; TabNine, TypeSQL and BAYOU are getting in use.
For getting answers to any question from the medical data, AI will create the query and get the answer for you. It’s called Question-to-SQL generation. AI can translate you sketch into a code and create a beautiful website based on your sketch. The harsh reality is that AI is growing exponentially. It is increasingly encroaching all parts of software development. The elimination of mundane tasks of coding and programming is on way. Tesla’s AI is eating up all other automative industry’s business.
AI IS IN FOR IT’s FINAL SHOWDOWN WITH SOFTWARE, THE RESULT IS KNOWN.