IBM (NYSE: IBM) today announced the first recipients and list of global women leaders and pioneers in AI for business. The list recognizes and celebrates women across a variety of industries and geographies for pioneering the use of AI to advance their companies in areas such as innovation, growth, and transformation. IBM will celebrate the honorees during an inaugural recognition event on June 12, 2019 at the IBM Watson Experience Center in New York, New York where the women will share their experiences leading AI initiatives in their organizations. Students from IBM's P-Tech program will attend to hear from these leaders who have applied AI technology in diverse and meaningful ways to help drive business innovation. "Artificial Intelligence is poised to drive dramatic advances in every industry," said Michelle Peluso, SVP, Digital Sales & CMO, IBM, who also serves as Leader of IBM's Women's Initiative.
Over the next few years, artificial intelligence will reshape our homes, workplaces, and society at large, touching virtually every aspect of how we work and live. And yet, according to the World Economic Forum's 2020 Global Gender Gap Report, just 26% of professionals in this flourishing field are women. At IBM -- where our Watson technology is helping companies unlock the value of their data in entirely new, profound ways -- we believe that growing the percentage of women in the field is crucial to developing high-quality, unbiased AI. According to the recent IBM Global Women in AI Study conducted by Morning Consult, the vast majority of AI professionals believe the field has become more diverse over the past few years, and that this change is having a positive impact on AI technology. Among those who respond that the field has not become more diverse, 74% believe that it must, if the industry is to achieve its potential.
"A year spent in artificial intelligence is enough to make one believe in God" It's futile to deny it, but Artificial Intelligence(AI) is no longer the buzzword of tomorrow, it's a striking reality of today, and the enterprise landscape of AI has never looked more promising than it does today! By 2022, the global business value created by AI will touch a whopping $3.9 trillion, and spending on AI systems is expected to reach $79.2 billion1. Forecasts estimate that AI technologies will pervade every software product2 next year, and AI software revenue is expected to grow to 118.6 billion by 20253. All these are tantamount to the fact that AI is no longer just a differentiator but a core part of business functions! In India, the enterprise AI market is heading towards much wider adoption. An industry expert associates the Indian Enterprise Market for AI to be estimated to be $100 million, growing at 200-250% CAGR.
Disruption ahead: Deloitte's point of view on IBM Watson8 9. What makes Watson unique In technical terms, IBM Watson is an advanced open-domain question answering (QA) system with deep natural language processing (NLP) capabilities. At this point, the Watson Software as a Service (SaaS) platform is most effectively used to sift through massive amounts of text--documents, emails, social posts, and more--to answer questions in real time. Watson accepts questions posed by the user in natural language and provides the user with a response (or a set of responses) by generating and evaluating various hypotheses around different interpretations of the question and possible answers to it. Unlike keyword-based search engines, which simply retrieve relevant documents, Watson gleans context from the question to provide the user with precise and relevant answers, along with confidence ratings and supporting evidence. Its learning capabilities allow Watson to adapt and improve hypothesis generation and evaluation processes over time through interactions with users. Developers and other users can improve the accuracy of responses by "training" Watson. IBM is also continuing to expand Watson's capabilities to incorporate visualization, reasoning, ability to relate to users, and deeper exploration to gain a broader understanding of the information content. Watson recently launched a new platform service that has the ability to ingest and interpret still and video images, which is another significant type of unstructured data.
ORLANDO, Fla.--(BUSINESS WIRE)--Gartner, Inc. has announced the winners of the 2018 Gartner Eye on Innovation Award for financial services in the Americas. The award recognizes innovative use of digital technology-enabled capabilities, products or services to highlight "best-in-class" financial industry initiatives launched within the past 12 months and to offer insight about developments in digital innovation. The finalists presented their case studies during Gartner Symposium/ITxpo, which is taking place here through Thursday, and BMO Bank of Montreal was selected as the regional 2018 Gartner Eye on Innovation Award Americas winner by the attendees at the event. Allstate and Liberty Mutual Insurance were also named as award recipients. BMO Bank of Montreal -- BMO Bank of Montreal created an entirely new way to pay bills by applying machine learning capabilities to recognize the biller, payee, account number, amount and due date across a range of corporations and statement formats.