The wait is over: artificial intelligence (AI) is here. And despite apocalyptic predictions about workers being replaced by intelligent machines, leading organizations are taking a new tack: actively searching for strategies to integrate AI into teams to produce transformative business results. These "superteams" hold the promise of enabling organizations to reinvent themselves to create new value and meaning, while giving workers the potential to reinvent their careers in ways that help increase their value to the organization and their own employability. For organizations that still view AI mainly as an automation tool to reduce costs, connecting their AI initiatives with their efforts to craft more effective teams is a first step toward enabling humans and machines to work together in new, more productive ways. The Readiness Gap: Fifty-nine percent of organizations say the redesign of jobs to integrate AI technology is important or very important for their success over the next 12 to 18 months, but only 7 percent say they are very ready to address this trend.

From startups to enterprises racing to get new products launched, AI and machine learning (ML) are making solid contributions to accelerating new product development. There are 15,400 job positions for DevOps and product development engineers with AI and machine learning today on Indeed, LinkedIn and Monster combined. Capgemini predicts the size of the connected products market will range between $519B to $685B this year with AI and ML-enabled services revenue models becoming commonplace. Rapid advances in AI-based apps, products and services will also force the consolidation of the IoT platform market. The IoT platform providers concentrating on business challenges in vertical markets stand the best chance of surviving the coming IoT platform shakeout.

Scaling value is about understanding how to move from pilot to production; getting your data strategy in place to drive real-time strategic actions; and establishing the right talent mix, operating model and governance framework. Those who succeed will reap the rewards. And those who fail may find their businesses fall by the wayside (75 percent of executives believe they will be out of business in five years if they cannot scale AI effectively). AI is no longer a "nice to have" or a set of cool tools to impress management. AI and data strategies are becoming the very core of business, and all the while it's becoming easier and cheaper to get your hands on the technology.

The pace of technology is changing over the years, as remarked in the 20th edition of Accenture's Tech Vision 2020. Released earlier this year, this report is based on two decades of study, supported by tech trends and their evolution over time. To keep with the competition, it is imperative that enterprises need to embrace technologies concerning their existing investment portfolios. The report says that artificial intelligence and robotics will be among the key technology trends redefining business parlance over the next three years. The need of the hour for enterprises is to answer the call to rebuild business and technology models from the ground up, keeping in tandem stakeholders' expectations a priority.

AskBrian, the startup specialized in applied artificial intelligence and provider of AI-based digital assistant Brian, announced the closing of its angel funding round. Experienced business angels Björn Kolbmüller and Paul Schwarzenholz (founders of Zenloop and Flaconi) led the investment round with the participation of private investors from leading management consultancies (Bain & Company, Oliver Wyman, EY, and Stern Stewart & Co.) along with several experienced entrepreneurs. The company, founded by management consultant Pavol Sikula (Stern Stewart & Co., Roland Berger), uses narrow AI technologies to build products that connect humans with state-of-the-art services and information via natural language. Multiple building blocks are orchestrated by the co-founder and CTO Matthias Ruppel (T-Systems) who brings his experience as a software architect and big data specialist. "We see large potential in this very innovative approach of connecting humans and knowledge. We are excited to help the experienced and dedicated founders to fulfill their ambitious mission," said Björn Kolbmüller.

Deloitte has submitted its EU-level response to the white paper on AI along with a cover letter summarising its key messages. We see'trustworthy AI' as a multidimensional concept, in which economic, social, ecological and personal ethics need to be considered. To create the desired European'ecosystem of excellence' where AI SMEs can flourish, we believe in building skills and strengthening research (including first-class testing facilities). We also believe that effective regulation will help establish a level playing field, and - by encouraging innovation and providing proper incentives - can accelerate the development of new industries and technologies. We make suggestions for governance, compliance and assessment of high-risk AI applications.

The Institute will bring together the brightest minds in the field to help address a wide spectrum of relevant AI use cases. Deloitte has launched an institute to advance the adoption of artificial intelligence (AI) at a time when many organizations are struggling with such projects. The Deloitte AI Institute will make best practices created by industry leaders, academics, and entrepreneurs more widely available as part of an effort to better identify use cases where AI is likely to have the most profound business impact, says Beena Ammanath, executive director of Deloitte AI Institute. See also: Is Your AI Model Still Accurate After the Coronavirus Pandemic? Participants will also be invited to discuss how best to navigate the complexities of AI ethics, adds Ammanath.

Although Artificial Intelligence (AI) has been around for decades, both its hype and adoption have grown exponentially in the past few years. Enterprises are recognizing the value of AI as a competitive differentiator and value creator, and many are already investing in AI. In our recent survey of IT heads of 200 global enterprises, 65% have already invested in some AI project. However, while interest and investment are high, AI is far from pervasive in most enterprises' business strategies. In fact, more than 80% of the enterprise executives told us that they were unable to adopt AI at scale or achieve any significant business outcomes.

He talks about how AI is impacting the way we work, what an Insight Driven Organisation is and how to get there, challenges organisations face when trying to become more data driven and how to push the boundaries with AI and analytics.

Deloitte today announced the launch of the Deloitte AI Institute, a center that focuses on artificial intelligence (AI) research, eminence and applied innovation across industries. The Institute will bring together the brightest minds in the field of AI to apply cutting-edge research to help address a wide spectrum of relevant AI use cases. "The Deloitte AI Institute is being established to advance the conversation and development of AI for enterprises," said Nitin Mittal, AI co-leader and principal, Deloitte Consulting LLP. "Our goal is to blend Deloitte's deep experience in applied AI with a robust network of some of the most intelligent AI minds in the world to challenge the status quo. Through the power of this center, we aim to deliver impactful and game-changing research; and innovation to help our clients lead in the'Age of With,' a world where humans work side-by-side with machines."