Computer vision has numerous applications, including sports, automotive, agriculture, retail, banking, construction, insurance, and beyond. AI-driven machines of all types are becoming powered with eyes like ours, thanks to convolutional neural networks (CNNs)—the image crunchers now used by machines to identify objects. CNNs are today’s eyes of autonomous vehicles, oil exploration, and fusion energy research . They can also help spot diseases quickly in medical imaging and save lives.
Traditional computer vision and image processing techniques have been used over the decades in numerous applications and research work. However, the advent of modern AI techniques using artificial neural networks that enable higher performance accuracy, and strides in high-performance computing from GPUs that enable superhuman accuracy have led to widespread adoption across industries like transportation, retail, manufacturing, healthcare, and financial services.
Whether traditional or AI-based, computer vision systems can be better than humans at classifying images and videos into finely discrete categories and classes, like minute changes over time in medical computerized axial tomography or CAT scans. In this sense, computer vision automates tasks that humans could potentially do, but with far greater accuracy and speed.
With the wide range of current and potential applications, it isn’t surprising that growth projections for computer vision technologies and solutions are prodigious. One market research survey maintains this market will grow a stunning 47% annually through 2023, when it will reach $25 billion globally. In all of computer science, computer vision stands among the hottest and most active areas of research and development.