Artificial intelligence (AI) is one of the hottest topics in today's headlines. It powers natural language recognition for voice-powered assistants like Siri and Alexa, beats world-class Google Go players, and enables hyper-targeted e-commerce and content recommendations across the web on industry-giant websites that include Target and Netflix. But recently, AI has begun actively expanding its footprint in the enterprise. Executives are trying to more fully comprehend what AI is and how they can use it to capitalize on business opportunities by gaining insight into the data they collect and engaging with customers more productively to hone their competitive edge. AI is the frontier of enterprise technology, but there remain many misperceptions about what it is and how it works.
Cylance polled 652 IT decision makers in the U.S., UK, Germany and France, and found that optimism about the value of artificial intelligence-powered solutions in the enterprise is high and plans to continue investment in the technology are widespread. AI is already making a significant impact in the enterprise, analyzing trends in security, operational efficiency, marketing, employee perceptions, and other areas. Organizations are already investing in AI, and this will only increase: Nearly all of the IT decision makers surveyed said they are either currently spending on AI-powered solutions or planning to invest in them in the next two years; 60 percent already have AI in place. Additionally, 79 percent say AI is a top priority for their boards and C-suite executives. For security teams, AI is moving the needle: Seventy-seven percent have prevented more breaches following their use of AI-powered tools and 81 percent say AI was detecting threats before their security teams could.
As the Artificial Intelligence (AI) market in India matures, firms are looking at unavoidable changes in their workplace. The market is seeing technology leaders and large firms investing in this space. At the same time, a number of AI start-ups have mushroomed in India in the recent years. To stay competitive and relevant in the market, organisations would do well to rethink existing practices and develop newer business models and offerings. This would involve making use of technologies, such as machine learning, deep learning, computer vision and natural language processing, among others, to power intelligent systems.
John Harding is Regional Director, UK & amp; Ireland, at NVIDIA. Harding is passionate about global financial services and fintech and he leads the sales and developer teams responsible for growing the adoption of NVIDIA AI platforms across industry and the public sector. He looked at NVIDIA's findings that showed 83% of global financial services professions agree that'AI is important to my companies future's success', and 34% of respondents stated AI will increase their annual revenue by 20% or more", and in turn discussed how AI was found to have the largest impact on yielding more accurate models, creating a competitive advantage, developing new products and improving operational efficiencies: While stories about the seismic shift toward digital banking in the post-covid era abound, another technology revolution is taking place in capital markets: AI-powered trading. Recent market fluctuations and the impact of social media sentiment on stock prices have highlighted the need for active fund managers, traders and market makers to utilise AI in order to compete effectively in the future. These trends are apparent in some of the findings from NVIDIA's recent survey of financial services professionals from around the world. According to NVIDIA's "State of AI in Financial Services" report, 83% of global financial services professionals agreed with the statement that "AI is important to my company's future success."
The benefits of artificial intelligence (AI) are being better understood as the technology filters into the enterprise space, with IT decision makers expecting benefits across the board. You forgot to provide an Email Address. This email address doesn't appear to be valid. This email address is already registered. You have exceeded the maximum character limit.