The Ecosystem of AI

What Exactly is in an Ecosystem?

The talk of the town is about ecosystems. Within the crypto-sphere, we are starting to see more and more integrated solutions designed to complement existing networks.

We’ve seen such integrated solutions before — even within the traditional marketplace, companies recognise that they are not a singular entity; they continually interact with one another to provide value to the consumer.

The most recent purchase of Looker by Google for $2.6 billion is an excellent example of how big companies continue to add value to their services through integration and collaboration. There is an incentive to circumvent inefficiency and improve lead times.

This sort of synergy, however, is seemingly limited to companies with more abundant resources. The amount of effort to align technical skills together with company values is often daunting, if not impossible for smaller businesses. As such, such integrated solutions are usually viewed as a secondary add-on, not the primary focus of such companies.

Given this treacherous climate, what changed? Why are blockchain start-ups focusing on creating full-stack ecosystems for its users instead of considering them to be value-added services?

Blockchain Synergy

Much like how access to large amounts of data changed the landscape of AI and deep learning, the introduction of distributed ledger technology changed the world of business.

Businesses have always operated under the whim of the government. Changes in monetary policy, taxation, and inflationary trends are key worries when working with fiat currency.

With the introduction of cryptocurrency and blockchain technology that provide some level of protection against state intervention, businesses can now focus less on trying to adapt and place greater emphasis on creating value — with one such avenue being the creation of integrated solutions.

Add that to the fact that blockchain companies are eager to retain capital within their token, and you’ll see why they are naturally incentivized to keep the money flowing within their organisation.

While the creator of Bitcoin certainly did not plan for the existence of blockchain ecosystems, the decentralized yet accountable nature of the technology automatically promotes the idea of synergy-focused networks aimed at complementing one another through all industries.

AI Ecosystems

There are also huge benefits that such an ecosystem could bring for the field of AI. A self-sufficient AI ecosystem allows for greater efficiency through the synergy of its intended goals. There will be less pressure to conform to industry norms, but rather a greater focus on providing value to users.

Users of one ecosystem service will likely also find great value in using another — users of our 3PIKS service, for instance, will be able to use their rewards to obtain exclusive predictions from AIBitBip, which in turn will aid in their predictions.

Such examples are only one of the many use cases that AI-blockchain synergy can achieve. With proper planning and maintenance, ecosystems allow for more meaningful connections, trust, and value for its many stakeholders.

Here at AIPE where we converge blockchain technology with AI, we have been able use the concept to create a mutually empowering framework for our services.

Like many, we are big believers of the future. If the utopia that we want can only be achieved through collaboration and greater efficiency across all boards — perhaps the ecosystem is our best bet.

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AIPE: https://aipe.io
Medium: https://medium.com/aipe
Twitter: https://twitter.com/AIPE_official
Youtube: https://bit.ly/2YYpEZI