In 2018, with interest in artificial intelligence reaching a fever pitch, O'Reilly asked members how their organizations were adopting AI. Results showed that the AI space was in a state of rapid change, so we eagerly commissioned a follow-up survey in 2019. Responses proved that AI adoption is proceeding apace, but companies still need to do more to put their AI efforts on solid ground. In this report, Roger Magoulas examines the survey's results to shed light on what AI adoption looks like in the enterprise right now, covering everything from the popularity of specific techniques and tools to the challenges experienced by adopters and more. If you don't have plans to evaluate AI, it's time to think about catching up.
The spread of artificial intelligence (AI) is not slowing down: 85% of organizations said they are evaluating or using AI in production, a report from the technology and business training company O'Reilly found. More than half of companies identified themselves as mature adopters of AI, or as using AI for analysis or in production. O'Reilly's AI Adoption in the Enterprise 2020 report, released on Wednesday, determined that AI growth and popularity is continuing apace. To prepare for this onset of AI use, organizations must make sure they have a solid foundation for the technology to flourish, it found. The 2019 edition of O'Reilly's report indicated that AI was still in the experimental phase.
From the early decades of the 20th century, Slovenia's history has primed the nation to become an AI pioneer and has greatly accelerated global progress in artificial intelligence solutions. Not only that, but the entrepreneurial blood that courses through Slovenia, as well as the country's human-centric, society-oriented approach to the digital future, is what has prompted the nation to launch some of the world's most innovative technologies. It is not difficult to see why UNESCO decided to partner strategically into Slovenia's scientific and technological might––there is simply no other nation on Earth that is taking leaps in AI as big as those emanating from the beating heart of Ljubljana. Let Slovenia's IRCAI serve as a premier example of what countries everywhere ought to be doing in order to stay ahead in the digital world of tomorrow. If a mostly unknown nation of just two million strong is capable of positioning itself as an AI powerhouse, so too can other countries.
Adopters of AI in the enterprise are focusing on specific production workloads centered around supervised and deep learning while the number of organizations using AI in production or evaluating the technology jumped to 85 percent of companies polled in an annual survey. Another indication of maturing enterprise AI initiatives is a heavier emphasis on data governance, according to an AI adoption survey released Wednesday (March 18) by O'Reilly Media. More than 26 percent of respondents said they are instituting formal governance processes as concerns about privacy and "trustworthy" AI grow. Nearly 35 percent of those surveyed said they expect to launch AI data governance efforts over the next three years, O'Reilly reported. "AI adoption is proceeding apace," wrote report authors Roger Magoulas and Steve Swoyer.
Artificial intelligence (AI) stands apart as a transformational innovation of our digital age and its practical application all through the economy is developing apace. Artificial intelligence, automation and complementary technologies already play a critical role in how organizations work. According to a survey, 54% of executives state that AI solutions have increased profitability in their organizations, and that number is sure to develop in the coming years. But as opposed to many press reports, increased efficiency doesn't really bring about lost jobs. As business activities become smarter, with more AI incorporated in them, these tools will be utilized less to replace individuals and more to augment them.
LAS VEGAS: Technology trends in the coming decade will be dictated not by Internet of Things (IoT) but by Intelligence of Things, which means that artificial intelligence will underscore every facet of commerce and culture. The tech influence in human behaviour will move forward in the decade especially with the connectivity agenda getting a massive bump up with 5G, which is being rolled out for over 50 networks worldwide, said the Consumer Technology Association (CTA) ahead of its marque consumer electronics event - CES 2020. Content streaming wars, electrification of vehicles along with popularity of in-vehicle tech, emergence of digital health with launch of several fitness apps and devices are also going to be some of the major trends of 2020. "The last decade was about the Internet of Things – but now, we kick off a new decade defined by the Intelligence of Things," says Steve Koenig, vice president of market research, CTA. "Connected intelligence defines today's device ecosystem from consumer favorites such as smartphones and TVs to an expanding universe of smart home solutions making intelligent living spaces a reality. Over the next 10 years, the dynamic of connected intelligence will grow apace with advancing 5G networks and innovative applications of AI to propel the consumer tech industry forward -- and with it consumer experiences, safety, health and more," he added.
Throughout the past year, the use of artificial intelligence (AI) and other forms of technology within the financial services industry has continued apace. This will increase further as it dovetails with enriched natural language processing (NLP) through 2020 and into the coming decade and lead to more personalisation of services. Indeed, as noted in Crowdfund Insider, the European Union is to invest €100 million in artificial intelligence and blockchain start-ups next year, to boost the EU-wide innovation ecosystem. Globally, the Fintech revolution offers solutions to all manner of issues, and as we see in so many sectors, algorithms and AI can locate data and highlight trends. In doing so, such technologies operate automatically – and therefore can carry out functions much quicker than by human effort – and at a reduced financial cost as technology mitigates the need for large data-crunching teams.
History suggests that the worst fears of machines making humans obsolete don't come true. In some quarters, AI and robotics are considered the Fourth Industrial Revolution, following other big transformations in the 18th, 19th and 20th centuries. And while displacement of jobs occurred in each wave of new technology, new jobs emerged to balance out some of the pain. Concern about technology-driven mass unemployment "has proven to be exaggerated" throughout history, University of Oxford academics Carl Benedikt Frey and Michael Osborne wrote in an influential 2013 paper. Rather, technological progress "has vastly shifted the composition of employment, from agriculture and the artisan shop, to manufacturing and clerking, to service and management occupations," they wrote.
"Lots of math, science, technology and business roles involve, say, operating a power plant to maximize energy efficiency, or running an ad campaign to minimize cost per click," explained Mark Muro, a senior fellow at Brookings and one of the study's authors. "And these are exactly the things that A.I. is best at." Previously, similar studies lumped together robotics and A.I. But when they are picked apart, it makes sense that A.I. -- which is about planning, perceiving and so on -- would hit white-collar roles. Carl Benedikt Frey, an economist at Oxford University who specializes in technology and employment, said A.I. was "more likely to complement people in those jobs rather than replacing them."