What if you had a personal banking bot that warns you when your funds are getting low? Or that you usually buy flowers at a certain time of the year for your mother's birthday and that you haven't this year? With cognitive computing, this scenario might soon become a reality. Cognitive computing broadly refers to technology platforms which leverage artificial intelligence (AI) and signal processing to mimic human behavior. They are usually self-learning systems that use a variety of data, predictive analytics and natural language processing. These days, customers expect their financial services institutions to treat them like retailers do – with personalized interactions and unique customer experiences.

Are you concerned or encouraged by the onset of technologies that provide automation? 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. New alternatives to human workers are becoming desirable within the financial services, as the technology for automation is becoming more affordable. Roles under threat typically involve a degree of manual work, the kind that is often involved in managing databases and libraries, tasks that can be handled easily by the algorithms within machine learning. 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."

Fujitsu EMEIA CTO Dr Joseph Reger looks at how Artificial Intelligence is proliferating at an uncontrollable pace, arguing that businesses can no longer ignore the impact it is having. Discussions around Artificial Intelligence (AI) have proliferated and will continue to over the next year. Businesses are beginning to see its value in a wide range of sectors, while a different report is released every day that instils a fear that AI will replace workers' jobs. Simply put there is no hiding the explosion of AI and its applications; in the UK, Durham police have begun trialling a system that will classify suspects as low, medium or high risk and help officers review their sentence. As AI, automation and machine learning push the boundaries in almost every single industry, businesses will have to embrace the technology and understand that it is a force for good.

Artificial Intelligence will undoubtedly reshape the business, making our lives easier and more sufficient. AI is seen as an indispensable tool for supporting humans in every aspects of life. In future, it will be the driving force for Industrial revolution mainly driven by data, networks and computing power. "The two fundamental pillars of digital transformation for any organization- "Speed" and "Customer Centric Innovation" which are on the top of CXOs' minds. Every enterprise is dealing with two basic questions, "How fast can you innovate?" and "Can you innovate fast enough?" That said we see two broad technology trends answering the aforementioned questions emerging across the board, "Cloud Native" and "AI". On one hand, enterprises who are in the experimentation and migration stages of cloud adoption have realized that the benefits of cloud goes well beyond apex optimization to acceleration of contextual innovation. And on the other hand, we see widespread adoption of NLP and cognitive computing to provide augmented/assistive intelligence and personalized experiences to customers. With Millennial in focus for most enterprises, delivering personalization has become important now more than ever. CXOs expect AI and specifically deep learning to pave the path to achieve such targeted personalization" said Anup Nair, VP and CTO, Mphasis Digital.

Given the amount of criticism IoT security faces, should embedded tech really be a reality? 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. The two industries may be in their infancy but they've already helped with the creation of a new category called Artificial Sensors. 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. This began with himself in 2003, when Harbisson became the first person to have an antenna implanted to his skull.

According to new IBM research, released Thursday, more than 73% of CEOs predict that cognitive computing, or artificial intelligence (AI), technologies will play a "key role" in their business's future. The press release announcing the findings also noted that more than 50% of these CEOs plan to adopt these technologies by the year 2019. 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. The 6,000 CEOs surveyed also said they expect a 15% return on their AI investments. 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.

Overview: Artificial Intelligence (AI) and Cognitive Computing are increasingly integrated in many areas including Internet search, entertainment, commerce applications, content optimization, and robotics. The long-term prospect for these technologies is that they will become embedded in many different other technologies and provide autonomous decision making on behalf of humans, both directly, and indirectly through many processes, products, and services. AI will anticipated to have an ever increasing role in ICT including both traditional telecommunications as well as many communications enabled applications and digital commerce. Fast growing AI technologies for consumer facing industries include chat bots and Virtual Personal Assistants (VPA) and smart advisors. These technologies leverage autonomous agents to enable an ambient user experience for applications, services, and enhanced commerce.

NatWest is ready to trial AI technology following its partnership with Recordsure. NatWest is just the latest big bank to tap into the power of AI, with the high-street lender trialling new technology to give customers the best possible information and advice. 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 AI tech encrypts and uploads the recordings to a secure cloud in real-time, making it impossible to tamper with. The AI technology analyses interactions and classifies sections of the recorded conversation.

The principles are laid out with the hope that tech giants will create safe AI systems. The rebirth of Artificial Intelligence has prompted many a commentator to speculate as to the ethical and moral makeup of the technology. Some fear that the rise of AI spells doom for humanity, which has led to calls for the establishment of ethics and bodies to monitor the development of the technology and how it will be used. One of those involved in addressing the ethical development of AI for businesses is Sage. The cloud accounting software firm revealed'The Ethics of Code: Developing AI for Business with Five Core Principles' at the Sage Summit Canada.

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. Having a smartphone within reach, even if it's switched off or placed face-down, causes "brain drain", say researchers from McCombs School of Business at the University of Texas. They also found that the more reliant people are on their smartphones, the more they seem to suffer from their presence. The I.F.O. is fuelled by eight electric engines, which is able to push the flying object to an estimated top speed of about 120mph. The giant human-like robot bears a striking resemblance to the military robots starring in the movie'Avatar' and is claimed as a world first by its creators from a South Korean robotic company Waseda University's saxophonist robot WAS-5, developed by professor Atsuo Takanishi and Kaptain Rock playing one string light saber guitar perform jam session A man looks at an exhibit entitled'Mimus' a giant industrial robot which has been reprogrammed to interact with humans during a photocall at the new Design Museum in South Kensington, London Electrification Guru Dr. Wolfgang Ziebart talks about the electric Jaguar I-PACE concept SUV before it was unveiled before the Los Angeles Auto Show in Los Angeles, California, U.S The Jaguar I-PACE Concept car is the start of a new era for Jaguar.