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Deep Learning, a bit complicated process to implement but a fairly simple one to explain. A function of artificial intelligence that is capable enough to emulate the working of human brains. A subset of machine learning acts as a living soul brain while processing data, forming patterns for use in decision making.
Deep learning is exclusively used in the ‘Fintech’ industry. The implementation of deep learning is not limited to any particular field; instead, its usage is wide and limitless. The financial industry follows the latest technological trends with keen interest. Fintech applications are widely accepting and executing the concept of deep learning.
The implementation of deep learning in real-time is tricky. It employs layers of algorithms to process data, understands human speech and recognizes objects. It uses multiple powerful computers, massive data sets along with with neural networks and an algorithm called back-propagation. Information is processed through each layer. The output of the previous layer becomes the input for the next layer.
The concept of ‘Deep Learning’ is not new in the world of science and technology. The term has been in use since the 1950s. But its advancement into the world of artificial intelligence is new and trending. In 1986, Geoffrey Hinton, known as the “Godfather of Deep Learning” worked with researchers and made the concept of deep learning more clear and precise. They reveal the world how neural networks can be trained using backpropagation for more advance word prediction and shape recognition. Now, deep learning has taken over the technology and has become an integral part of almost everything. From Siri to pharmaceutical research it is being used in almost everything.
Deep learning is the scientific architectural representation of neural networks, which is why deep learning often referred to as deep neural networks.
The deep neural network has multiple hidden layers, though; the traditional neural network has only 2-3 hidden layers. But the number increases vastly in case of deep networks which can have as many as 150 hidden layers.
Deep learning models are prepared by utilizing huge arrangements of marked data and neural system structures. They need no manual feature extraction and grab features directly from the data.
A convolutional neural network is one of the most demanding deep neural networks. It uses 2D convolutional layers to process 2D data, such as images.
CNN’s make the process a bit easy for the end-user by eliminating the need for manual feature extraction. Hence there is no need to identify features to classify images. CNN has the potential to extract features directly from the images. Computer vision tasks such as object classification have become highly accurate because of the automated feature extraction.
CNN has multiple hidden layers via which it can detect different features of an image. The complexity of every learned image features increased by hidden layers. For instance, the primary hidden layer could figure out how to distinguish edges, and the last figures out how to identify progressively complex shapes explicitly took into account the state of the item we are attempting to perceive.
Also, Read: Growth Aspect of Fintech in India .
Deep Learning is considered a revolution in the field of artificial intelligence. In a 2012 New Yorker piece, NYU professor and machine learning researcher Gary Marcus expressed his views on deep learning. He said, “While it was important to work, with immediate practical applications,” it represented “only a small step toward the creation of truly intelligent machines.”
Now, seven years later, the concept of deep learning has become vaster. It is more sophisticated; credit goes to, largely increased computer power and usage. It is applied in multiple domains and help humans to perform their services better. It is used in voice search, medical diagnostics, automatic text generation, and even weather prediction.
The concept of deep learning is huge and laymen may fail to understand it. From the current scenario, it is pretty obvious that you may need time to understand the intricacies of the multilayered deep learning algorithm. As the area concept of deep learning evolves it moves in the direction of data visualization, business intelligence, and predictive analytics market.
Deep learning is more than just a technique that can be deployed to solve various problems. It is more than just a data-driven tool. It is faster than a human brain but it is not self-learning yet and no one really knows how many neurons are necessary to make it self-learning.
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