Cognitive Architectures

Machine learning and robotics to take 30% of bank jobs - Computer Business Review


Technologies including machine learning and robotic process automation are set to eliminate up to 30 percent of human bank jobs, according to a new report. This statistic has come from a new McKinsey & Company report, says Bloomberg, who were told by Jared Moon, a co-writer of the report, that the change will "require people to use new skill sets, taking away manual work but allowing more around analytics, transformation and change." The report says that the automation of low value, manual roles will be positive for the scaling up of employees to work in other areas that benefit greatly from human intelligence, including client management. While the report is positive about employees being moved into other roles, the BlackRock plan included the dismissal of seven portfolio managers from its funds, as well as automating the role of stock-pickers.

Why the explosion of AI can no longer be ignored by businesses


And this using a simple process automation approach to AI; future systems will do much more comprehensive tasks. The technology uses deep learning technology to analyse and process the volume of radar images collected with underground radar probe equipment. For example, improvement in imagification (the process of converting business data into images) will be vital in turning data into digestible problems that machine learning can process. The implementation of smarter, AI supported business processes is an enabler for the business, and will free up workers to focus on more complex and intelligent tasks.

How AI is Shaping Organizations?


In future, it will be the driving force for Industrial revolution mainly driven by data, networks and computing power. And on the other hand, we see widespread adoption of NLP and cognitive computing to provide augmented/assistive intelligence and personalized experiences to customers. "Indian companies and start-ups are focusing on developing conversational bots, speech recognition tools, intelligent digital assistants and conversational services to be built over social media channels which is purely driven by the need in Indian market unlike driverless cars and others in U.S. market," said Badrinarayanan Jagannathan, Vice President IT Applications Management, Juniper Networks IEC. AI revolution is creating plenty of new data science, machine learning, engineering and IT job positions to develop and maintain the AI systems and software.

Lumosity doesn't actually improve your cognitive skills


Specifically, they wanted to see whether cognitive training could change behavior, leading users to prefer delayed or less risky rewards. They set up young adults with the brain training app Lumosity; each participant completed a grand total of 50 sessions over 10 weeks. The exception was "specifically trained" cognitive task performance. And way back in 2014, a Florida State University-based team determined that playing Portal 2 actually improves cognitive skills, while Lumosity does not.

The rise of the cyborg: Are we ready for augmented humans? - Computer Business Review


With the rise of the Internet of Things and Artificial Intelligence, many unique innovations have been unveiled across various industries and the field just keeps growing. At the annual SAS Global Forum, Artist and Cyborg activist Neil Harbisson delivered a keynote discussing his Cyborg project which has enabled him to develop artificial sensors that are embedded into the human body to transmit senses. Now if we think of the internet connected sensors which are built to be embedded into human bodies, are they not more likely to lead to more security issues. Harbisson said: "I feel like I am identified as a cyborg, the word cyborg comes from two words; cybernetics and organism and I feel that I am united logically to cybernetics so identifying as a cyborg really fits what I feel as I feel no difference between software and my brain."

IBM: 73% of CEOs predict AI, cognitive computing to play 'key role' in future of business - TechRepublic


In terms of where AI will prove most impactful, respondents listed information technology, sales, and information security as the top three priorities for the technology. In regards to IT, cognitive solutions can improve software development and testing, lead to better efficiency and agility, and boost solution design the release said. As part of the study, IBM also gave specific recommendations on how business could use AI or cognitive computing to power their digital transformation efforts. Apply a targeted operating model and governance that support this strategy," the press release said.

Artificial Intelligence and Cognitive Computing in Communications, Applications, and Commerce: AI in Internet of Things (IoT), Data Analytics, and Virtual Private Assistants 2017 - 2022


Overview: Artificial Intelligence (AI) and Cognitive Computing are increasingly integrated in many areas including Internet search, entertainment, commerce applications, content optimization, and robotics. On the enterprise side, the majority of IT organizations are experimenting with AI in various forms such as Machine Learning, Deep Learning, Computer Vision, Image Recognition, Voice Recognition, Artificial Neural Networks, and more. This research provide a comprehensive assessment of the market opportunities for AI and Cognitive Computing in communications, applications, and commerce. About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers

NatWest banks on AI for new RegTech - Computer Business Review


The trail will see NatWest tap into an AI compliance tool from Recordsure, which will record face-to-face and telephone conversations between the bank and customers. The ultimate aim in the trialling of this technology is to increase the efficiency of compliance processes; it is claimed by RecordSure and NatWest that the technology has the potential to make compliance processes 50% more efficient. Recordsure can create significant efficiencies in bank's compliance monitoring processes, resulting in up to a 50% reduction in compliance costs which means staff will have more time to spend proactively helping customers "The Recordsure technology will help NatWest to become much better at living up to the high standards of compliance and conduct it that it has committed to" NatWest is currently trialling the tech with some of its mortgage advisors and looking at how it can further be deployed to improve customer experience in other areas of the bank. This is just the latest tech investment made by the lender – in February the bank launched a self-service online investment service, in addition to introducing paperless online processes which have cut opening and lending applications from SMEs from days to minutes.

Having a smartphone in reach reduces brainpower even when switched off, finds report

The Independent

The mere presence of a smartphone reduces cognitive capacity, adversely affecting the brain's ability to hold and process data at any given time, according to a new study. Japan's On-Art Corp's CEO Kazuya Kanemaru poses with his company's eight metre tall dinosaur-shaped mechanical suit robot'TRX03' and other robots during a demonstration in Tokyo, Japan Japan's On-Art Corp's eight metre tall dinosaur-shaped mechanical suit robot'TRX03' performs during its unveiling in Tokyo, Japan Singulato Motors co-founder and CEO Shen Haiyin poses in his company's concept car Tigercar P0 at a workshop in Beijing, China A picture shows Singulato Motors' concept car Tigercar P0 at a workshop in Beijing, China Connected company president Shigeki Tomoyama addresses a press briefing as he elaborates on Toyota's "connected strategy" in Tokyo. A Toyota Motors employee demonstrates a smartphone app with the company's pocket plug-in hybrid (PHV) service on the cockpit of the latest Prius hybrid vehicle during Toyota's "connected strategy" press briefing in Tokyo An employee shows a Samsung Electronics' Gear S3 Classic during Korea Electronics Show 2016 in Seoul, South Korea Visitors experience Samsung Electronics' Gear VR during the Korea Electronics Grand Fair at an exhibition hall in Seoul, South Korea Amy Rimmer, Research Engineer at Jaguar Land Rover, demonstrates the car manufacturer's Advanced Highway Assist in a Range Rover, which drives the vehicle, overtakes and can detect vehicles in the blind spot, during the first demonstrations of the UK Autodrive Project at HORIBA MIRA Proving Ground in Nuneaton, Warwickshire Chris Burbridge, Autonomous Driving Software Engineer for Tata Motors European Technical Centre, demonstrates the car manufacturer's GLOSA V2X functionality, which is connected to the traffic lights and shares information with the driver, during the first demonstrations of the UK Autodrive Project at HORIBA MIRA Proving Ground in Nuneaton, Warwickshire In its facilities, JAXA develop satellites and analyse their observation data, train astronauts for utilization in the Japanese Experiment Module'Kibo' of the International Space Station (ISS) and develop launch vehicles The robot developed by Seed Solutions sings and dances to the music during the Japan Robot Week 2016 at Tokyo Big Sight. We provide evidence that the mere presence of consumers' smartphones can adversely affect two measures of cognitive capacity – available working memory capacity and functional fluid intelligence – without interrupting sustained attention or increasing the frequency of phone-related thoughts.