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) …
Tamr today announced that it has raised $18 million in venture capital to help it grow its business, which is focused taking a "machine-driven, human-guided" approach to taming messy data. The funding round, which was Tamr's fourth, brings the five-year-old Cambridge, Massachusetts company's total funding to $59.4 million, according to Crunchbase. It will be the company's last, Tamr co-founder and CEO Andy Palmer told the Boston Business Journal. Tamr, which originated as a research project in co-founder Mike Stonebraker's graduate class at the Massachusetts Institute of Technologies, was spun out of MIT's Computer Science and Artificial Intelligence Laboratory (CSAIL) in 2014 with a novel approach to data preparation. The company subsequently emerged from stealth later that year to enter the market for data preparation software, which Gartner says attracts $780 million per year in spending.
DXWorldEXPO LLC announced today the Top 200 Digital Transformation Companies that sponsored, exhibited, and presented at CloudEXPO DXWorldEXPO 2017. The list was published in alphabetical order. DXWorldEXPO LLC, the producer of the world's most influential technology conferences and trade shows has also announced today the conference tracks for CloudEXPO DXWorldEXPO 2018 New York. DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program.
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Expo, Michael Moran, a Senior Architect, TrueSight R&D, at BMC Software, shared those lessons learned and how to balance cost control with the many choices of service, storage, and compute paradigms. Speaker Bio Michael Moran is a Senior Architect, TrueSight R&D, at BMC Software.
Today, ALTEN Calsoft Labs – An ALTEN Group Company, a leader in Technology Consulting and Product Engineering, has announced its partnership with a Machine Learning Company Bayestree Intelligence. The partnership will help transform and automate IT Service Management of ALTEN Calsoft Labs' enterprise customers based out of USA, Europe and Asia Pacific. ALEN Calsoft labs (ACL) is a digital transformation company leveraging AI, ML and IoT to create new solutions and services that are opening up business opportunities and creating new business models for customers. Bayestree has a unique product'Sentient' that assists Tier-1 product and business support teams, resolve customer issues automatically using advanced machine learning (ML) techniques. Sentient analyses historical data issues, passed resolutions as well as data collected from other related sources to learn, model and resolve.
There have been $299.5bn of deals compared with $391.1bn during the year ago period. The number of deals: 2,370 held steady. The US has the largest market share at 43% of global deal value with 892 transactions worth $127.9bn Europe reported 813 deals valued at $47bn and is likely to end the year at a record low market share due to uncertainty from Brexit. Elizabeth Lim, senior analyst at Mergermarket singled out Japanese giant Softbank in a "buying frenzy" acquiring a wide range of companies in AI, chips, and robotics.
Innovative technologies including 5G, artificial intelligence, virtual reality, and the Internet of Things (IoT) featured prominently today as the doors opened for ITU Telecom World 2017, an international platform for accelerating information and communication technology (ICT) innovations and partnerships. The event runs 25-28 September and aims to fast-track economic development and social good through its forum for sharing knowledge, exhibition for digital solutions, and business networking hub connecting nations, companies, organizations and individuals. It is organized annually by the International Telecommunication Union (ITU), the United Nations' specialized agency for ICT-related issues. Participants include exhibitors bringing with them the smartest ideas and entrepreneurial spirit of digital start-ups and ICT small- and medium-sized enterprises (SMEs) as well as governments, regulators, industry leaders, consultants and experts from emerging and developed markets around the world. The event was launched with a high-level opening ceremony featuring a live orchestra and traditional dance performance from Busan National Gukak Centre, and a video message delivered by Moon Jae-in, President of the Republic of Korea.
New research from Capgemini's Digital Transformation Institute shows that four out of five companies implementing AI have created new jobs as a result of AI technology Paris, September 7, 2017 – Capgemini, a global leader in consulting, technology and outsourcing services, has today announced the findings of "Turning AI into concrete value: the successful implementers' toolkit", a study of nearly 1,000 organizations with revenues of more than $500m that are implementing artificial intelligence (AI), either as a pilot or at scale. The research both counters fears that AI will cause massive job losses in the short term, as 83% of firms surveyed say AI has generated new roles in their organizations, and highlights the growth opportunity presented by AI: three-quarters of firms have seen a 10% uplift in sales, directly tied to AI implementation. The report, which surveyed executives from nine countries and across seven sectors, found that four out of five companies (83%) have created new jobs as a result of AI technology. Specifically, organizations are producing jobs at a senior level, with two in three jobs being created at the grade of a manager or above. Furthermore, among organizations that have implemented AI at scale, more than 3 in 5 (63%) said that AI has not destroyed any jobs in their organization.
Infosys' consolidated net profit rose 1.4% to ₹3,483 crore for the first quarter of fiscal 2017-18 compared with the same period a year earlier, but declined 3.3% sequentially from ₹3,603 crore. India's second-largest software services provider said that the consolidated revenue for the quarter under review (Q1) was flat (1.8%) year-on-year at ₹17,078 crore as against ₹16,782 crore in the same period a year ago. This was subdued (0.2%) sequentially from ₹17,120 crore quarter ago. "I am encouraged by the uptick in revenue per employee for six quarters in a row, and the strong momentum in our new high growth services and software, as we accelerate our focus on innovation-led growth," said Infosys chief executive Vishal Sikka. "The widespread adoption of our grass-root innovation and education initiatives continue to fuel our transformation," he added.