If you are looking for an answer to the question What is Artificial Intelligence? and you only have a minute, then here's the definition the Association for the Advancement of Artificial Intelligence offers on its home page: "the scientific understanding of the mechanisms underlying thought and intelligent behavior and their embodiment in machines."
However, if you are fortunate enough to have more than a minute, then please get ready to embark upon an exciting journey exploring AI (but beware, it could last a lifetime) …
Next-generation 5G technology is only just making its way to market after a decade of development, but Donald Trump is already demanding the rollout of 6G in the United States. The US President did not elaborate on what 6G might involve, with even his understanding of 5G appearing basic in a series of tweets on Thursday. He described it as "far more powerful, faster and smarter" than current 4G technology, while also revealing his concerns that the US is lagging behind in the deployment of 5G. "I want 5G, and even 6G, technology in the United States as soon as possible... American companies must step up their efforts, or get left behind," Trump tweeted. His comments come just days after the founder of Chinese technology giant Huawei – who are widely regarded as one of the pioneers of 5G – said the US risks falling behind the rest of the world when it comes to 5G rollout.
Industry experts and panelists will address cutting-edge developments ranging from the implementation of advanced AI technologies and AI-enabled digital innovations, to customer engagement via machine learning and automation, as well as AI applications in banking, finance, HR, health, marketing, cybersecurity, robotics, and the future of work and education. This event is held in conjunction with Creative Tech Week.
Digitalization has provided organizations with huge sets of data, opening new avenues to deploy and benefit from Big data and analytics. Every year insurance companies report billions of dollars of fraudulent cases and the most common form of fraud is identity theft. There is an imminent need for data to be secured and discovered properly to mitigate such fraudulent claims. AI with machine learning, big data and analytics can enhance the efficiency of data. AI assistant or chatbots were being used to handle customer complaints and process simple transactions.
While AI in its most basic form of "assisted intelligence" is readily available in many modern procurement and sourcing platforms, as evidenced in our previous briefings (AI in Procurement and AI in Sourcing), it has not yet creeped into optimization. The most advanced platforms have limited themselves to easy constraint creation, data verification and detection of hard constraints that prevent solutions -- as in the case of Coupa -- or easy data population, wizard-based scenario creation (using standard model templates), and automation -- as in the case of Keelvar. In the former case, the underlying statistical algorithms can be found at the heart of some modern machine learning technologies (but aren't quite there), and in the latter case, the robotic process automation (RPA) is nothing more than an automated, manually defined, workflow.
Augmented analytics and artificial intelligence (AI) are among the top data and analytics technology trends that have the potential to significantly change business operations in the next three to five years, according to a presentation at the Gartner Data and Analytics Summit in Sydney this week. Data and analytics leaders must examine the potential business impact of these technology trends, and adjust business models accordingly--or risk losing competitive advantage to companies that do, Rita Sallam, research vice president at Gartner, said at the event and in a press release. "The story of data and analytics keeps evolving, from supporting internal decision making to continuous intelligence, information products and appointing chief data officers," Sallam said in the release. "It's critical to gain a deeper understanding of the technology trends fueling that evolving story and prioritize them based on business value." With digital transformation efforts underway at most organizations, businesses are collecting more data than ever before, creating challenges but also major opportunities, Donald Feinberg, vice president and distinguished analyst at Gartner, said in the release.
Machine learning is one of the most promising career paths one can pursue. The career entails building systems that can act autonomously without being explicitly programmed or closely supervised. Being a machine learning expert will introduce you to a new world of opportunities. Your expertise in this field will always be in high demand. Let's say you want to learn machine learning.
Google today announced an update to its Cloud Speech-to-Text and Text-to-Speech APIs that introduces a few new features that should be especially interesting to enterprise users, as well as improved language support and a price cut. Most of these updates focus on the Speech-to-Text product, but Cloud Text-to-Speech is getting a major update with 31 new WaveNet and 24 new standard voices. The service now also supports seven new languages: Danish, Portuguese/Portugal, Russian, Polish, Slovakian, Ukrainian, and Norwegian Bokmål. These are all in beta right now and extend the list of supported languages to 21 total. The service now also features the ability to optimize audio playback for specific devices.
News that Gong.io has acquired $40M to add their existing funding shows they are well on their way to transforming CRM systems with the use of artificial intelligence. Gong.io is relatively new on the scene but is already making big moves in the CRM industry. Their AI-assisted Conversation Intelligence and account analytics platform removes the conjectures and unknowns to assist sales and marketing teams to formulate winning sales strategies. Founded in 2015 by Amit Bendov, CEO, and Eilon Reshef, CTO, the San Francisco and Israel based company has two very successful people at the helm. Both founders have impressive resumes with proven track records in the growing, selling, and IPOing of startups.
The words "artificial intelligence" might make you think of movies like The Terminator. Machines that learn like humans can be a frightening thought, especially if they look like Arnold Schwarzenegger and roam through Los Angeles wearing dark sunglasses and shooting machine guns. But in real life, artificial intelligence has far more practical applications and is poised to forever transform insurance underwriting. Imagine workers' comp underwriters quickly analyzing thousands of pages of medical bills and health records to predict injury risks. Imagine commercial property underwriters seamlessly incorporating external data from city governments, regulatory agencies and news sources to get a clearer picture of a risk.