The enterprise has been talking about Digital Transformation and Industry 4.0 for years. We have seen transformation accelerate and the adoption of artificial intelligence, connected devices, and even virtual reality speed-up over the last few months due to the pandemic. As enterprise digitization continues to be top of mind and data becomes even more critical in this process, we need to look at how all the data created can be better visualized to generate better business outcomes. The Internet of Things (IoT) allows devices to talk to each other through connected sensors - producing real-time data. Companies had to learn how to process large amounts of data from IoT devices.
The context: Studies show that when people and AI systems work together, they can outperform either one acting alone. Medical diagnostic systems are often checked over by human doctors, and content moderation systems filter what they can before requiring human assistance. But algorithms are rarely designed to optimize for this AI-to-human handover. If they were, the AI system would only defer to its human counterpart if the person could actually make a better decision. The research: Researchers at MIT's Computer Science and AI Laboratory (CSAIL) have now developed an AI system to do this kind of optimization based on strengths and weaknesses of the human collaborator.
Today's newsletter comes with a more accurate prediction of the big Samsung event -- even if there's probably already another Galaxy device leaked before it starts -- and 100 percent more working links. After all the teases and photos, there shouldn't be many surprises, but if you want to know exactly what the next Galaxy Fold and Galaxy Note are like, then you'll find out in a few hours. With 57.5 million customers from Disney, 8.5 million from ESPN (up from 2.5 million a year ago) and 35.5 million from Hulu (up from 27.9 million), Disney now counts over 100 million direct customers. However, it's bringing in less money per user than other streamers, due to discounts, all while the pandemic has closed movie theaters and kept people away from theme parks. Disney did manage a hit when it released Hamilton direct to Disney, and it's following up with something bigger.
These are the main findings of a new report from Deloitte Consulting on future business models that will reshape the form and function of hospitals around the world. Researchers surveyed health, technology, and customer experience workers in mid-January, just before the spread and severity of the coronavirus was apparent, and then interviewed a handful of experts in April. The resulting feedback showed that people expect hospital changes to accelerate. "The timeline is significantly shortened in terms of when people thought these changes would take place," says Kulleni Gebreyes, a principal at Deloitte and a coauthor of the report. Here are a few ways experts think hospitals and the hospital experience will change in a post-pandemic world.
While the whole planet was frozen by the coronavirus pandemic, offline stores found they couldn't compete with even the smallest online stores when people's lifestyles were limited by their homes or neighborhoods. But those who have just started online sales this year will quickly find out what to do to sell efficiently on the internet. This is why the overall competition will rise. Wondering how you can gain a foothold at this moment? Take a look at modern technologies – artificial intelligence (AI), machine learning (ML), and big data analysis.
Artificial Intelligence (AI) is not the one that is borne by the overwhelming science fiction vision. In the near future, we will see almost every area of life in order to make our activities more effective and interactive. According to China's search engine, Baidu's top researcher, "Reliability of speech technology approaches the point we will only use and do not even think about." Andrew Ng says the best technology is often invisible, and speech recognition will disappear in the background as well. Baidu is currently working on more accurate speech recognition and more efficient sentence analysis, which expects sound technologies to be able to interact with multiple devices such as household appliances.
Take for example, the loan origination and loan servicing process in a financial institution. There are 5 key activities amongst several that if changed can fuel better productivity. So, if an AI engine is in place at activity 2, it can process customer data regarding financial history and propensity to pay etc. and flag potential defaulters or fraudsters. Similarly, AI-based chat bots can help improve customer service (activity 4) by either automating the transaction completely or offering sentiment-analysis based insights to agents for better customer experience(see Figure 1). Bringing technology in these areas will improve productivity and reduce cost and effort, validating investment.
Based out of Singapore, Gero develops new drugs for ageing and other complicated disorders using its proprietary developed artificial intelligence (AI) platform. Recently, the company has secured $2.2 million (€1.9 million) in Series A funding, bringing the total capital raised since Gero's founding to over $7.5 million (€6.4 million). Gero's founder Peter Fedichev, said, "We are happy with the recognition and support from these strategic investors who themselves are acknowledged leaders in the fields of AI and biotechnology. This will help us attain the necessary knowledge at the junction of biological sciences and AI/ML technologies that is necessary for the radical acceleration of drug discovery battling the toughest medical challenges of the 21st century. We hope that the technology will soon lead to a meaningful healthspan extension and quality of life improvements " The round was led by Bulba Ventures with participation from previous investors and serial entrepreneurs in the fields of pharmaceuticals, IT, and AI.
Richard Harmon, Managing Director of Financial Services at Cloudera, discusses the importance of relevant machine learning models in today's age, and how the financial sector can prepare for future changes. The past six months have been turbulent. Business disruptions and closures are happening at an unprecedented scale and impacting the economy in a profound way. In the financial services sector, S&P Global estimates that this year could quadruple UK bank credit losses. The economic uncertainty in the UK is heightened by Brexit, which will see the UK leave the European Union in 2021.