Ico: Synthetics AI - AI in the Service

Chat-bot is the most convenient means for servicing clients in automatic mode. It significantly allows to expand the volume of customer support for the organization operating it and to reduce the staff allocated to it. In connection with the high demand for these, the total market of chat bots is estimated to grow by 3 billion USD by 2021. A specialized survey was conducted on the topics of using chat bots: when asked about what new technologies they already use and what they intend to implement, 80% of respondents answered that they already used or plan to use them by 2020.

PROBLEMS

It took several decades for people to learn what artificial intelligence can do. Although there are a lot of disputes in this matter, which even stutter about a possible scenario of the end of the world, when out of control the mind will destroy humanity. But, departing from the field of fiction, people in general confirm that artificial intelligence has the ability to radically change the course of mankind. And if it comes to processing large data sets, then the application of AI becomes the most rational solution. The main idea of technology is its ability to constantly learn and improve from the data it collects. It is only necessary to provide the AI program developed with additional information in a timely manner, after processing which it will be possible to provide more accurate proposals and forecasts.

It is better to understand this with an example. Do not know which movie to watch tonight? Netflix can offer you something new, but always considering the tastes that are based on your browsing history. Do not you feel like a driving guru? Google is working on unmanned vehicles that will enter the market by 2020.

In the early stages of the 21st century, this technology had a big impact on the work area. Starting with simple tools for workflow management software to generate forecasts, ending with deep analytics, for example, the dependence of brands and their sales. AI definitely changes the way you do business. Big data is the most important resource for corporations, the technology of machine learning can collect and analyze huge amounts of information to give forecasts and ideas that can generate much better results than manual processing. This can significantly reduce the likelihood of human error, as well as improve the efficiency of the organization. Artificial intelligence can detect irregular patterns, including spam filtering, payment fraud and warning companies about dubious actions.

Because of the great potential that artificial intelligence offers, it is now difficult to imagine a future without it, and we can already see the growing trend towards higher productivity in the workplace due to tools that use AI technology. However, this technology is now extremely little used in small and medium businesses due to the lack of a simple and working solution to provide intelligent automation of routine processes. For example, to maintain and support clients in chat rooms.

DECISION

Chat-bots are interactive software platforms that are in applications, chat, email and SMS and can answer questions as if a person would do it. 42% of participants believe that automation technologies in these areas will maximize the quality of customer service. And 48% said that they already use automation technology for these business functions, with 40% planning to introduce some form of automated technology by 2020. According to preliminary estimates, this means a saving of $ 23 billion from annual wages, which does not even take into account additional costs for employees, such as health insurance. The Synthetics project introduces its product based on AI, targeted at the mass consumer.

ABOUT THE PROJECT

The team is going to introduce a decentralized system called Synthetics, based on blocking technology, so that people can invest in future automated projects and receive income from the work done by the robots. To secure payments, the internal project token will be issued - SYNT, and the revenue will be automatically converted into this currency and distributed to investors through smart contracts.

Developers and owners of AI-based products that automate performance (software or hardware) can create crowd-bonding campaigns on the Synthetics platform to raise capital to cover the costs of developing their systems and sharing part of the revenue they generate. Any project that will be presented on this platform will have an auction system that will involve the distributed participation of interested colleagues.

Once implemented, the robot will generate performance results from regular income and automatically share the revenue between the founders and investors before launching based on the cost of the investment. Investments will be secured by two smart contracts. The first goal will be to track the total amount of funds and the investment part. After the necessary money has been updated, the second smart contract will be activated automatically and will be designed to track and distribute the recurring income in accordance with the investor's share and agreed terms.