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automation


Bank IT compliance: how financial services can stay compliant

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Financial services compliance is a big area. Prajit Nanu, CEO of B2B payments platform Nium, says it's in everybody's interest that payment transactions are as frictionless as possible, but many commonly used payment systems carry unnecessary layers of complexity, including when ensuring regulations and compliance. He says automation can help to resolve lags arising from risk and compliance checks, which can be a time-consuming and labour-intensive process, particularly for those dealing with cross region, cross country checks. An automated payment platform appropriately integrated with other business software can perform these checks much more seamlessly. Nanu says: "Digital tools, such as individualised transaction profiles, coupled with the output of machine learning processes, will be able to offer real-time solutions which significantly reduce the time required for risk and compliance checks, while still allowing effective identity verification and fraud detection checks."


5 ways to reduce compliance costs with AI and automation

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While regulations are created to protect consumers and markets, they're often complex, making them costly and challenging to adhere to. Highly regulated industries like Financial Services and Life Sciences have to absorb the most significant compliance costs. Deloitte estimates that compliance costs for banks have increased by 60% since the financial crisis of 2008, and the Risk Management Association found that 50% of financial institutions spend 6 to 10% of their revenues on compliance. Artificial intelligence (AI) and intelligent automation processes, such as RPA (robotic process automation) and NLP (natural language processing) can help drive efficiencies up and costs down in meeting regulatory compliance. In a single year, a financial institution may have to process up to 300 million pages of new regulations, disseminated from multiple state, federal, or municipal authorities across a variety of channels.


GrAI Matter Labs Unveils Life-Ready AI with GrAI VIP at GLOBAL INDUSTRIE

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GrAI Matter Labs, a pioneer of brain-inspired ultra-low latency computing, announced that it will be unveiling GrAI VIP, a full-stack AI system-on-chip platform, to partners and customers at GLOBAL INDUSTRIE, May 17th-20th, 2022. "GML's'Life-Ready' AI provides solutions that here-to-fore were simply impossible at such low footprint and power." At GLOBAL INDUSTRIE, GML will demonstrate a live event-based, brain-inspired computing solution for purpose-built, efficient inference in a real-world application of robotics using the Life-Ready GrAI VIP chip. GrAI VIP is an industry-first near-sensor AI solution with 16-bit floating-point capability that achieves best-in-class performance with a low-power envelope. It opens up unparalleled applications that rely on understanding and transformations of signals produced by a multitude of sensors at the edge in Robotics, AR/VR, Smart Homes, Infotainment in automobiles and more.


How to leverage the artificial intelligence solar system

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Despite the excitement around artificial intelligence, only about one-third of companies say they are doing it, although many more are thinking about it. For success, AI must be approached specifically and strategically, as part of the technology universe, say Deloitte’s Anthony Ciarlo and Frank Farrell.


A glimpse into the future of radiation therapy – Physics World

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Which innovations will have the greatest impact in radiotherapy by 2030? That was the question posed in the closing session of last week's ESTRO 2022 congress; and five experts stepped up to respond. As often seen in debate-style ESTRO sessions, competition was intense and gimmicks were plentiful, with all talk titles based on movies and a definite sci-fi twist. Before battle commenced, the audience voted for their preferred innovation based on the presentation titles. This opening vote put personalized inter-fraction adaptation as the winner.


The IEEE International Conference on Robotics and Automation (ICRA) kicks off with the largest in-person participation and number of represented countries ever

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The IEEE International Conference on Robotics and Automation (ICRA), taking place simultaneously at the Pennsylvania Convention Center in Philadelphia and virtually, has just kicked off. ICRA 2022 brings together the world's top researchers and most important companies to share ideas and advances in the fields of robotics and automation. This is the first time the ICRA community is reunited after the pandemic, resulting in record breaking attendance with over 7,000 registrations and 95 countries represented. As the ICRA 2022 Co-Chair Vijay Kumar (University of Pennsylvania, USA) states, "we could not be happier to host the largest robotics conference in the world in Philadelphia, and the beginning of the re-emergence from the pandemic after a three year hiatus. Many important developments in robotics and automation have historically been first presented at ICRA, and in its 39th year, ICRA 2022 promises to take this trend one step further.


Specialization is key in an exploding AI chatbot market

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We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Amid an exploding market for AI chatbots, companies that target their virtual assistants to specialized enterprise sectors may get a firmer foothold than general chatbots, according to Gartner analysts. That's not news to Zowie, which claims to be the only AI-powered chatbot technology specifically built for ecommerce companies that use customer support to drive sales – no small feat in an industry in which customer service teams answer tens of thousands of repetitive questions daily. Today, the company announced it has secured $14 million in series A funding led by Tiger Global Management, bringing its total to $20 million. Chatbots -- sometimes referred to as virtual assistants -- are built on conversational AI platforms (CAIP) that combine speech-based technology, natural language processing and machine learning tools to develop applications for use across many verticals.


How to Respond to the Future of Work: The Importance of Upskilling

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How are you evolving your skills for the future of work? This is one of the most pertinent questions workers are asking themselves. However, the answer is constantly changing. With every new technology, innovation, regulation, and system, the most in-demand skills shift. The capabilities that employers are looking for today are no longer the capabilities of last year, and in many industries this has created a significant skills gap.


Why AI is everywhere except your company

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Not a day goes by without reports of a new achievement, investment or national plan powered by artificial intelligence. AI is embedded in many of the apps and the software we use, and it is making functions such as voice interaction a reality. Yet the adoption of AI itself is largely absent from most of the organisations with which we directly interact or work. While applications that were just a dream only a few years ago are now widespread, their development is still restricted to a handful of savvy companies. For instance, Meta (formerly Facebook) is building the world's largest supercomputer.


Big Data Creates Many Great Opportunities With Sales Automation

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Big data technology is incredibly important in many aspects of modern business. The sales profession is one of the areas most affected by data. Companies spent $2.8 billion on marketing analytics in 2020 alone. That figure is growing substantially each year. There are many ways that big data is helping companies improve sales. One of the biggest benefits is that it can help automate many aspects of the sales process.