Wavelets were supposed to be a big thing like 15-20 years ago ... what happened? Do any mainstream modern codecs use wavelets? I’m not aware of any Edit: looks like the Dirac video codec is based on wavelets. Good to know all of that research wasn’t for nothing!
I attended a talk by Stephane Mallat a few months back about the work his lab is doing on wavelet scattering transforms. It seems they're making great progress in developing deep neural networks based on them that don't need to be learned. It's not as hyped as mainstream deep learning methods but I think it holds a lot of promise since it cuts down on learning time, is mostly unsupervised, gives you control over the…
On the more general area Mallat has a good and approachable (not very technical) book on the area: "A Wavelet Tour of Signal Processing". Worth a look for anyone intrigued by wavelets.