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Pandemic drives AI demand up - IT-Online

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The demand for artificial intelligence (AI), data, and digital tools is soaring as the Covid-19 pandemic continues to put a strain on many enterprises. This is among the findings in a new study conducted by Corinium and sponsored by Fico. The report, "Building AI-Driven Enterprises in a Disrupted Environment", surveyed more than 100 c-level analytic and data executives and conducted in-depth interviews to understand how organisations are developing and deploying AI capabilities. The study found that the uncertainties caused by the pandemic have forced many organizations to adopt a more committed, disciplined approach to becoming an AI-driven enterprise, with more than half (57%) of the chief data and analytics officers saying that Covid-19 has increased demand for AI, digital products and tools. Enterprises are seeking new AI-driven ways to mitigate risks and navigate through uncharted territories in the current economic environment. The report reveals the central role AI has in shaping the future as global markets work through and begin to recover from Covid-19; as well as how to mitigate future risk and disruption going forward.


The Responsible AI Imperative Accenture

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AI promises great opportunity, and with that comes great responsibility for government and enterprise leaders alike. In the last year, there has been an ever-increasing velocity of articles, blogs, speeches and thinking raising ethical concerns about AI. What are the national or international economic policy changes we need to make to reduce the potential for disruption in specific geographies or economic sectors? What are the risks for labor displacement? What specific types of job training and counseling programs will be effective in helping people adapt to a new age of machines as co-workers and new jobs created as a result of AI? What new levels of protection should be introduced to safeguard not just an individual's data but also the data personas of individuals?


Regulating artificial intelligence: Where are we now? Where are we heading?

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That the regulation of Artificial intelligence is a hot topic is hardly surprising. AI is being adopted at speed, news reports frequently appear about high-profile AI decision-making, and the sheer volume of guidance and regulatory proposals for interested parties to digest can seem challenging. What can we expect in terms of future regulation? And what might compliance with "ethical" AI entail? High-level ethical AI principles were made by the OECD, EU and G20 in 2019.


Regulating artificial intelligence: Where are we now? Where are we heading?

#artificialintelligence

That the regulation of Artificial intelligence is a hot topic is hardly surprising. AI is being adopted at speed, news reports frequently appear about high-profile AI decision-making, and the sheer volume of guidance and regulatory proposals for interested parties to digest can seem challenging. What can we expect in terms of future regulation? And what might compliance with "ethical" AI entail? High-level ethical AI principles were made by the OECD, EU and G20 in 2019.


WHY BANKS MUST TURN TO ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING IN THEIR HOUR OF NEED

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As both businesses and society today continue to embrace digitisation at an uncontrollable rate; fighting financial crime, money laundering and the funding of criminal activity are all growing in importance. The global phenomenon of digitisation has led to an increase in wire banking, thus raising pressure on banks and financial institutions to monitor and detect suspicious activity to prevent it coming to fruition. It is therefore crucial that the banking system today adopts the latest tools for a mature digital service, which include self-learning capabilities that are able to quickly adapt to the ever-changing banking environment. The recent narrative has been primarily focused on regulators ramping up demands for greater scrutiny of transaction monitoring, as well as threatening to impose hefty fines on non-compliant banks. In Australia, for example,The Sydney Morning Herald recently reported that the Commonwealth Bank has come under extensive scrutiny following an internal review of the bank's breach of global anti-money laundering and counter-terrorism laws, with legal proceedings now being levelled against it.