If you are looking for an answer to the question What is Artificial Intelligence? and you only have a minute, then here's the definition the Association for the Advancement of Artificial Intelligence offers on its home page: "the scientific understanding of the mechanisms underlying thought and intelligent behavior and their embodiment in machines."
However, if you are fortunate enough to have more than a minute, then please get ready to embark upon an exciting journey exploring AI (but beware, it could last a lifetime) …
It was just a few weeks ago that Sophia, an artificial intelligence (AI)-powered humanoid robot developed by Hong Kong-based Hanson Robotics, was given honorary citizenship by Saudi Arabia. While AI is making huge inroads into our day-to-day life, was this something expected to happen so soon? Meanwhile, even though the popular perception is that AI is only going to be a job killer, reports also say that 2020 onwards, AI will start adding more jobs than it would take away. According a report by research firm Gartner, Inc., AI will create 2.3 million new jobs while eliminating only 1.8 million jobs in 2020. At the recently-held Wall Street Journal CEO Council meeting in Washington DC, I was fortunate enough to listen to two eminent futurists and authors--Martin Ford and Jerry Kaplan--who are known for their pioneering work in the field of AI.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv CloudExpo DXWorldEXPO have announced the conference tracks for Cloud Expo 2018, introducing DXWorldEXPO. DXWordEXPO, colocated with Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DXWorld Expo within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
China's e-commerce giant Alibaba has announced plans to invest more than $15 billion over the next three years in researching emerging technologies including artificial intelligence and quantum computing. Jack Ma, Alibaba's executive chairman, announced his decision to establish the Alibaba DAMO Academy (DAMO stands for Discovery, Adventure, Momentum, and Outlook) on the first day of the company's 2017 Computing Conference, which opened on Wednesday. Ma said the academy will do research aimed at "solving problems" related to the Internet of things, fintech, quantum computing, and AI. It will open seven research labs in China, the U.S., Russia, Israel, and Singapore. Chinese tech companies are increasingly looking to invest in cutting-edge research, especially artificial intelligence (see "China's AI Awakening").
More investors are setting their sights on the financial technology (Fintech) arena. According to consulting firm Accenture, investment in Fintech firms rose by 10 percent worldwide to the tune of $23.2 billion in 2016. China is leading the charge after securing $10 billion in investments in 55 deals which account for 90 percent of investments in Asia-Pacific. The US came second taking in $6.2 billion in funding. Europe, also saw an 11 percent increase in deals despite Britain seeing a decrease in funding due to the uncertainty from the Brexit vote.
The Data Science Trends for 2018 are largely a continuation of some of the biggest trends of 2017 including Big Data, Artificial Intelligence (AI), Machine Learning (ML), along with some newer technologies like Blockchain, Edge Computing, Serverless Computing, Digital Twins, and others that employ various practices and techniques within the Data Science industry. The Dataconomy article titled The Future of Big Data Is Open Source aptly captures the industry buzz that dominated the last part of 2016 and the entire 2017. Then, Big Data and Data Science were the biggest industry buzzwords, but a lot has changed since then. In 2016, and 2017, Big Data was a market differentiator for businesses, and continues to be. Now, as we enter 2018, there are numerous new technologies that will coordinate within the greater foundations of Data Science and Big Data, and expand such industries into new spaces that are only beginning to be understood and appreciated.
Artificial Intelligence is the future of growth. There is sure to be at least one article in the newspaper/internet/blogs daily on the revolutionary advancements made in the field of Artificial Intelligence or its subfield disrupting standard industries like Fintech, Banking, Law, or any other. In banking domain digital banking teams of all modern banks planning to transform the customer experience with their AI based chat-driven intelligent virtual assistant i.e. bots. AI promises benefits, but also poses urgent challenges (not threats, please make a note) that cut across almost all industries and business be it of any nature, i.e software development, technical support, customer care, medicines, law domain or factory / manufacturing work. The need of the hour is to upgrade our skill sets to exploit AI rather than compete with it.
Cloud computing and the Internet of Things (IoT) have spent the last several years in a sort of maximum-acceleration race where they've lapped the other players several times over and have only one another to measure against. Neither is slowing down, particularly the IoT. According to analysis firm Gartner, the number of IoT devices will hit 20.8 billion by 2020. The world population is expected to reach 8 billion in 2020, meaning there will be 2.5 IoT devices per person on the entire planet. In 2016, the IoT was growing at the rate of 5.5 million new things getting connected every day.
The 22nd International Cloud Expo 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. CloudExpo DXWorldEXPO have announced the conference tracks for Cloud Expo 2018, introducing DXWorldEXPO. DXWordEXPO, colocated with Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DXWorld Expo within the program.
Artificial Intelligence is the future of growth. There is sure to be at least one article in the newspaper/internet/blogs daily on the revolutionary advancements made in the field of Artificial Intelligence or its subfield disrupting standard industries like Fintech, Banking, Law, or any other. In banking domain digital banking teams of all modern banks planning to transform the customer experience with their AI based chat-driven intelligent virtual assistant i.e. bots. Amalgamating the latest technology of artificial intelligence, predictive analytics and cognitive messaging to serve millions of customers is now a new winning strategy? AI and regulation are paving the way for Fintech.