The increased adoption of artificial intelligence (AI) at work is changing the relationship between employees and managers. More than half (64%) of employees said they trust a robot more than their manager, with half turning to a robot instead of a supervisor for advice, an Oracle and Future Workplace report found.
Artificial intelligence (AI) not only helps businesses operate more efficiently, but also generates critical insights businesses use to improve. AI has proliferated through the enterprise, becoming a crucial component of successful businesses. This success fuels AI's continued growth, with AI devices predicted to increase by 1.8 billion in the next five years, ABI Research found. ABI Research's blog post, Multimodal learning and the future of artificial intelligence, outlined the impact and future of AI in business. Currently, AI devices work independently of one another, with high volumes of data flowing through each device.
"It is difficult to make predictions", goes the old joke, "especially about the future." However, there is one way in which we can predict the rate of change. It is called Moore's Law, named after Gordon Moore the founder of the computer chip company Intel. More than 50 years ago, he observed that the computing power that was available at a fixed price doubled every 18 months or so. This was based on the number of transistors that could be fixed on a chip.
There are three categories of AIEd tool being used in schools and colleges today: learner-facing (eg adaptive learning platforms), teacher-facing (eg automated assessment tools, or advanced teacher dashboards) and system-facing (eg analysing data from across schools to predict school inspection performance). The UK has a competitive advantage in education technology and artificial intelligence, but without government support and public funding this advantage risks being lost. Despite its huge potential, AIEd is underdeveloped. Our analysis identified only £1m of public funding for AIEd R&D since 2014 (far less than spending in comparable sectors such as healthcare). There are demand and supply-side market failures preventing development and maturity of AIEd, which government intervention can address.
Back in 2012, one of the first things tackled was speech. You say something, and you capture that to understand the command. We have seen its use for many key products, including Google Home. However, from 2012 to date some things have been game-changing. For example, take the case of translation technology where you can take a picture, and it translates into your preferred language.
Artificial intelligence is all the rage in healthcare as companies look for tech-driven ways to cut costs and promote patient health. Tech giants like Intel, Google, Amazon, Microsoft and Apple have swooped in to assist payers and providers with their efforts to join the fast-paced environment. Santa Clara, California-based Intel boasts partnerships across myriad sectors in healthcare. For example, earlier this year, not-for-profit integrated health system Sharp HealthCare, which is based in San Diego, used Intel's predictive analytics capabilities to alert its rapid-response team to identify high-risk patients before a health crisis occurred. And currently, Intel is working with pharmaceutical company Novartis on deep neural networks to accelerate content screening in drug discovery.
There are many new technological innovations that are changing how we live our lives, but artificial intelligence, or AI, may present the most exciting changes. While AI has been around for a while now, recent improvements have made the technology much more adaptable. Looking into the future, it's easy to predict a world in which artificial intelligence plays a more significant role in our daily lives.
Throughout his career, Milosz has been consulting and devising growth strategies for small and start-up businesses, particularly within financial services. His focus areas include search, conversion, user experience and technical developments. Prior to the acquisition of Chilli Fruit Web Consulting, Milosz has been involved in Plus Guidance (an early-stage UK tech start-up, now acquired) and Sigma Digital Marketing Agency based in Oxfordshire.
Artificial intelligence technologies, or otherwise more commonly known these days as AI, are empowering professionals to better make sense of the vast amounts of digital data that are being collected by modern information systems. More importantly, these technologies are increasingly being deployed in ways that help humans with routine tasks. That means as an enterprise tool, AI can be deployed in ways that increase service, decrease costs, expedite delivery, and improve accuracy. As I have written about several times already, in a tight economy, companies that can differentiate themselves on service and reliability, while managing costs, will thrive, and even prosper. There's no question that there is a lot of speculation about how AI and AI-automated tasks will change the future of many industries.