New inventions are taking place worldwide, enabling tremendous growth in every sector of our lives. The trending technologies like artificial intelligence augmented reality, big data, virtual reality, blockchain and many more are revolutionizing various industries in their own way and magically and exponential helping in their growth. It has made possible a much simpler tech-driven life for us. With its technical assistance, it has also provided our economy to grow at a much higher rate. Let's see how different technologies are affecting different sectors of our society.
Decades of research in artificial intelligence (AI) have produced formidable technologies that are providing immense benefit to industry, government, and society. AI systems can now translate across multiple languages, identify objects in images and video, streamline manufacturing processes, and control cars. The deployment of AI systems has not only created a trillion-dollar industry that is projected to quadruple in three years, but has also exposed the need to make AI systems fair, explainable, trustworthy, and secure. Future AI systems will rightfully be expected to reason effectively about the world in which they (and people) operate, handling complex tasks and responsibilities effectively and ethically, engaging in meaningful communication, and improving their awareness through experience. Achieving the full potential of AI technologies poses research challenges that require a radical transformation of the AI research enterprise, facilitated by significant and sustained investment. These are the major recommendations of a recent community effort coordinated by the Computing Community Consortium and the Association for the Advancement of Artificial Intelligence to formulate a Roadmap for AI research and development over the next two decades.
Watching elite athletes run, leap and score, it's hard to imagine there's much room for improvement, but the Internet of Things, Big Data and virtual reality are shaving milliseconds from sprinters, extending the jumps of Olympians – and helping your favourite striker put the ball in the net. That's before bionics change sports forever, with predictions that the sprinters at the next summer Olympics could be outperformed by an athlete at the Paralympics. It all starts with data collection, which shouldn't be a shock. The film Moneyball was based on the true story of Oakland Athletics' team manager outwitting rivals with data science – and that was in 2002. Fast forward to 2018 and the combination of always-on sensors and connectivity takes the idea several leaps forward.
The global sports tech ecosystem is awash with early-stage companies and entrepreneurs who have brought to market all manner of novel solutions and innovations. In recent years, the number of startups specialising in areas such as athletic performance and analytics, artificial intelligence (AI), big data, fantasy sports, gaming, content production and in-venue technology has proliferated, contributing to rapid growth across the sports tech sector. Already estimated to be worth US$8.9 billion, the global sports tech market is expected to triple in value in the next five years. But, as any investor worth their salt will know, not all new technologies make for attractive investment propositions. Here, with the help of Sports Loft founder Charlie Greenwood, SportsPro profiles the innovators whose products and services should be on every sports tech investor's radar.
NASCAR kicked off in September 2019 its NASCAR AR Burnout Experience for fans with augmented reality (AR)-enabled mobile devices. "Our goal is to bring fans as close to the sport as possible, and AR is an ideal medium to help us accomplish that as we look to engage the NASCAR fans of both today and tomorrow," said Tim Clark, NASCAR's senior vice president and chief digital officer, in the company's announcement. NASCAR wants to bring the experience of being at a race or at racing activities like burnouts to millions of fans who cannot attend an event in person. "This is an outreach effort," said Clark. "Together with our business partners, we wanted to create platforms for customer engagement that generate enthusiasm and participation with our fans."