I've said this before, but deep learning is terribly powerful precisely because you don't have to spend lots of time doing feature engineering. Multi layer networks that are trained in semi-supervised, unsupervised and supervised fashions all can now produce networks that meet or beat the state of the art hand created models for speech, handwriting recognition, ocr, and object recognition. We are only just beginning to see what is possible with these sorts of techniques. I predict within a few years time we will see a huge renaissance in AI research and Neural Network research specifically as these techniques are applied more broadly in industry. My startup is building some cool stuff around this technology, and I know there are hundreds like me out there. This is going to be a fun ride.