The global logistics industry is "unsophisticated" and due for a major shake-up, according to the boss of a cargo-handling giant. Mika Vehvilainen, chief executive of Finnish company Cargotec, expects autonomous vehicles and artificial intelligence to disrupt the market in coming years. "But it's also, from an operating cost point-of-view, clearly [beneficial] – about 40 per cent of port operating costs today in the Western world are labour costs. Meanwhile, the chief executive said his business had been negatively affected by the UK's Brexit vote last year.
In March this year, PWC released a report saying that 10 million UK jobs are at risk of being replaced by AI within 15 years. Insurance companies are already dinosaurs and while we will still need insurance, we don't need our current insurance companies. Those expensive on-site skilled jobs are gone forever, replaced by massive automation and AI from mining operations to plant operations to administration. Australia, as a home of the corporate oligopoly, suffers the associated elitism, complacency, lack of innovation and resistance to change which are characteristics of all oligopolies.
Nvidia has benefitted from a rapid explosion of investment in machine learning from tech companies. Can this rapid growth in the use cases for machine learning continue? Recent research results from applying machine learning to diagnosis are impressive (see "An AI Ophthalmologist Shows How Machine Learning May Transform Medicine"). Your chips are already driving some cars: all Tesla vehicles now use Nvidia's Drive PX 2 computer to power the Autopilot feature that automates highway driving.
Today's tech buzzword, artificial intelligence (AI), can be a difficult concept to wrap your head around. AI technology, which holds vast potential to revolutionize the way the world works, is often used to paint an apocalyptic view of the future. We now live in a world where talking computers and self-driving cars are no longer a thing of the future -- but are we also at risk of developing computers so smart that they can replace humans? Influential tech figures such as Elon Musk and Stephen Hawking have cautioned the industry against diving head-on into AI because the technology's implementation could do more harm than good if we aren't careful. While there's no arguing that some of the cautionary tales around AI hold merit, our current reality is far from the robot-run society we've seen in the movies.
There is no doubt that 2016 was a breakthrough year for some of the technologies we have been watching. AI, VR, AR, Chatbots, self-driving cars all took significant leaps forward in terms of their practical applications and adoption, taking many by surprise. It is definitely true to say that the robots are no longer coming- they are here, and they are taking jobs. Rates of innovation and adoption will not slow down in 2017, so we've pulled together the key emerging technology trends to watch and plan for. One thing is for certain in 2017, whether you work in strategy, risk management, operations, start-ups, R&D or marketing, you need to be abreast of the potential of disruptive digital technologies which are no longer purely the realm of the CIO or CTO.
It's difficult to describe in a concise list with less than 1,000 words what the definitive direction of artificial intelligence is going to be in a 12-month span. Clearly, I say all of this because I am attempting to write just such a list. If you think something belongs on this list or want to contribute your own ideas based on your own expertise and personal opinion, please feel free to contact us at email@example.com. In the meantime, here are the four trends that will dominate artificial intelligence in 2017. We could call this "natural language processing" or NLP, but let's think more broadly about language for a moment.
"Machine learning is fascinating as it will revolutionize how we conduct simple tasks like translating content, but it also has major security and health consequences that can improve societies around the world," said Paul Sallomi, vice chairman and global TMT industry leader, Deloitte LLP and U.S. technology sector leader. "For example, mobile machine learning is a strong entry point to improve responses to disaster relief, help save lives with autonomous vehicles, and even turn the tide against the growing wave of cyberattacks." "Our predictions for 2017 showcase the enormous influence that machine learning and the Internet of Things are having on the current technology marketplace," said Sandy Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. "With many technologies coming into their own as their power and speed increases and the cost of delivering them goes down, we'll continue to see these platforms grow exponentially and expand their role across industries, creating a whole new value proposition and opportunities." Another innovation with the power to transform the world is autonomous braking.
This one is simple, it's when you completely drive yourself. Cars that we mostly drive today belong here, those are the ones that have anti-lock brakes and cruise-control, so they can take over some non-vital processes involved in driving. When the system can take over control in some specific use cases but driver still has to monitor system all the time is here, it's applicable to situations when the car is self-driving the highway and you just sit there and expect it to behave well. This level means that driver doesn't have to monitor the system all the time but has to be in a position where the control can quickly be resumed by a human operator. That means no need to have hands on a steering wheel but you have to jump in at the sounds of the emergency situation, which system can recognize efficiently.
We've all heard the buzz surrounding 5G: How it will be an amazing upgrade of our wireless infrastructure. How we'll be able to stream 8k video without buffering as we ride through the city in our driverless cars. Certainly, the promise of 5G sounds pretty exciting. But there's more to 5G than faster download speeds for our unquenchable thirst for more data. The capabilities of 5G will spawn new applications and innovations, which in turn will spur opportunities for economic growth, by transforming once disconnected industries into connected, automated systems that improve diverse sectors such as healthcare, transportation, construction, energy and manufacturing through enhanced productivity and efficiency.
Toyota's empathetic car of the future is there for you. You've had a frustrating day at work; it plays soft music and lowers the temperature. You're lost in an unfamiliar neighborhood; it offers to take over the driving. You start to nod off at the wheel; it taps you on the shoulder and starts up a conversation. This unconventional interplay between the driver and automobile is central to concept cars that Honda and Toyota unveiled at the annual CES technology conference in Las Vegas this week.