artificial intelligence

nova IQ Helps Companies Navigate the Complexities of AI

As technology evolves, the line between human and machine intelligence continues to blur.

Intelligence is one of the biggest differentiators between humans and other species.

Human intelligence affords us the ability to be motivated and self-aware, as well as execute complex cognitive feats such as apply logic and reason, recognize patters, learn, apply concepts, comprehend ideas, solve problems, make decisions, retain information, plan, communicate, use language and more.

However, as technology continues to advance, the line between human intelligence and machine intelligence – commonly known as artificial intelligence (AI) – is becoming thinner and thinner.

“Complex decisions will be taken up by AI,” says Dharmendra Kapadia, senior vice president and head of engineering at specialist AI services company nova IQ. “Humans will have to learn to live within this new paradigm. Humans will still be relevant and not totally replaced, however, there will be some social upheaval as AI takes over jobs that are now done predominantly manually by humans.”

While AI will only become more sophisticated in the future, it already exists in our society, and companies in nearly all industries can be seen leveraging various forms of the technology.

Founded in 2018, nova IQ is based in Edison and also has an innovation lab in India which has helped spur a key international presence allowing for some overseas clients. The company has a total of 16 employees across both locations.

“We have the capability to help companies develop their corporate AI strategy and roadmap, discover areas where AI can be realized within the organization, and design and implement AI at enterprise scale,” Kapadia adds. “We want to be able to teach companies about how to do AI right and not approach it like a typical IT project.”

Kapadia says that all industries will see the encroachment and adoption of AI at various levels, with those that rely most on humans and manual intervention likely feeling the greatest impact – such as the impact of driverless cars on the trucking industry, for example.

“Healthcare and financial services are other areas that are already being heavily impacted by AI, and will continue to be in the future. Both industries have a plethora of data and have a willingness to provide their clients with more capabilities using AI,” he says. “The retail industry is going through the AI journey right now, from customer service, personalization, chatbots and more. Retail will look very different in a few years.”

At the end of the day, no one can accurately predict what the future of AI holds.

“Just as children born today cannot imagine a world without the Internet, tablets and smartphones, future generations will never know what it is like to live in a world without AI,” Kapadia explains. “Even more interesting things will occur as AI technology matures. You will start to see AI itself create new AI. No one can predict where that will go.”

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