What MindSync is and How it Works
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.
The Future of AI is Bright
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.
Pain Points of the AI Market
The major pain points in the path to utilization of AI tech include,
- Lack of enough experts.
- High demand of computing power, and eventually, costs.
- Complexity in integration and adaptation.
- Security issues.
MindSync has the Solution
To address these issues, MindSync is creating a unified platform to establish an active community of experts in the field of AI technologies like machine learning (ML), computer vision (CV), deep learning (DL), natural language processing (NLP) and data science. This community will be a source of contact for customers of all sizes to access state-of-the-art AI-based solutions for their businesses.
How does MindSync work?
On the MindSync platform, customers can ask for the creation of a customized AI-based solution to their business problems, by creating a challenge/competition. This challenge will be visible to all the community members. Interested experts on the platform will register their participation in the challenge after understanding the terms and conditions governing it. The expert (individual or team) that successfully creates the solution will submit their entry for the review of the customer as well as other experts in the community. Once the review is successful, the customer buys the solution that can be easily integrated into their business processes. MindSync will also be a repository for readymade AI-based solutions and training datasets that a customer can look for.
Apart from these, the MindSync platform will also look to strategically partner with crypto mining farms and make use of some of the computing power that can be used amongst some community members. This will help reduce the high costs for availing computing capabilities.
The deployment of blockchain will ensure that data integrity is protected and security of the highest level is assured at every stage.
MindSync is an AIaaS (AI as a Service) and ExaaS (Expert as a Service) platform. It seeks to help solve business problems of customers through AI-based solutions that are created through rewarding competitions within the community or through choosing from a wide range of production-ready solutions in our repository.
MindSync is on a mission to provide better and cheaper AI solutions for a wide range of businesses through a readily available community of experts. While customers will be spoilt for choice at the talent on the platform, the community members also get a platform to earn rewards and exchange experience and interact with like-minded individuals for personal and professional growth. The paramount objective of MindSync is to eventually create a DAO that will be self-sustainable.
Parting Thoughts
With the world poised to embrace AI technologies fully, the time is ripe for disruption in the market. MindSync is at the forefront of creating this disruption in the status quo with its intuitive and robust platform that brings the best talent in the field within a single ecosystem. By assuring low costs and enhanced security, it seeks to be the go-to platform for all things AI.
