Dr. Dorel Iosif is a Board Director and CEO with Cognisium, a tech executive marketplace headquartered in Australia. He held senior executive roles with KBR, WorleyParsons, PwC and Advisian Management Consulting. Dr Iosif started his career in Israel with the Technion Institute of Technology and continued in Australia with BHPBilliton and the University of Melbourne. He holds a Ph.D in applied mathematics from the University of Melbourne and studied Corporate Level Strategy - Executive Program at Harvard Business School. Dorel worked in Australia, USA, Europe and the Middle East.
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There is mounting public concern over the influence that AI based systems has in our society. Coalitions in all sectors are acting worldwide to resist hamful applications of AI. From indigenous people addressing the lack of reliable data, to smart city stakeholders, to students protesting the academic relationships with sex trafficker and MIT donor Jeffery Epstein, the questionable ethics and values of those heavily investing in and profiting from AI are under global scrutiny. There are biased, wrongful, and disturbing assumptions embedded in AI algorithms that could get locked in without intervention. Our best human judgment is needed to contain AI's harmful impact. Perhaps one of the greatest contributions of AI will be to make us ultimately understand how important human wisdom truly is in life on earth.
Where does your enterprise stand on the AI adoption curve? Take our AI survey to find out. As AI proliferates, researchers are beginning to call for technologies that might foster trust in AI-powered systems. According to a survey conducted by KPMG, across five countries -- the U.S., the U.K., Germany, Canada, and Australia -- over a third of the general public says that they're unwilling to place trust in AI systems in general. And in a report published by Pega, only 25% of consumers said they'd trust a decision made by an AI system regarding a qualification for a bank loan, for example.
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There's no question that artificial intelligence and data analytics are reshaping the resources sector. These new technologies bring new challenges in the way companies consider risk, adapt to new ways of working and the skills needed for the future. These issues were the topic of conversation at a business roundtable lunch hosted by professional services firm Accenture in its new Perth Innovation Hub this week as part of the Resources Technology Showcase program of events. Invited guests, including leading policymakers and industry heavyweights, heard former SAS commander and Mettle Global managing partner Ben Pronk speak about the need to take calculated risks in the battlefield. He explained how the resources industry could adopt that philosophy to take advantage of the fourth industrial revolution.
Accenture (NYSE:ACN) has opened a new innovation hub for mining and energy in Perth, Australia. The hub gives mining and energy companies access to "technology innovations including cloud computing, artificial intelligence, the internet of things, virtual and augmented reality, quantum computing, blockchain and drones". Ann Burns, who leads Accenture's Resources sector in Australia and New Zealand, commented: "With this new innovation hub, we are helping raise the innovation profile of Western Australia and Australia overall. We believe that the Western Australian energy and mining sectors can become world leaders in digitalization. Crucial to this is a focus on what we refer to as'triple zero': ideas, design and technologies that help achieve zero harm to workers and machines, zero loss across the value chain, and zero waste for sustainability."
AI can be harnessed in a wide range of economic sectors and situations to contribute to managing environmental impacts and climate change.Some examples of application include: AI-infused clean distributed energy grids, precision agriculture, sustainable supply chains, environmental monitoring and enforcement, and enhanced weather and disaster prediction and response. Research by PwC UK, commissioned by Microsoft, models the economic impact of AI's application to manage the environment, across four sectors – agriculture, water, energy and transport. It estimates that using AI for environmental applications could contribute up to $5.2 trillion USD to the global economy in 2030, a 4.4% increase relative to business as usual. In parallel the application of AI levers could reduce worldwide greenhouse gas (GHG) emissions by 4% in 2030, an amount equivalent to 2.4 Gt CO2e – equivalent to the 2030 annual emissions of Australia, Canada and Japan combined. At the same time as productivity improvements, AI could create 38.2 million net new jobs across the global economy offering more skilled occupations as part of this transition.
It wasn't that long ago that Sophia Withers was travelling around Australia and Asia after her undergraduate degree. After a stint working on farms and in brunch cafes, she moved to Melbourne and joined KPMG Australia. While working as a coordinator for their audit division, she began studying the University of Birmingham's part-time Online MSc International Business, in 2018. It was during the program that she deep dived into her passion for blockchain and emerging technology. Her degree research project--How will Blockchain 3.0 facilitate social and economic impact?
CHIEF financial officers (CFOs) and their finance teams need to understand how to anticipate and respond to artificial intelligence (AI), as it will be a key frontier technology to grow Singapore's economy in the years ahead, CPA Australia said on Thursday. The accounting professional body also urged professionals in the sector to upskill, particularly in terms of data mining, extraction and faster interpretation of big data. To help them navigate this digital journey, CPA Australia has published a resource titled Charting the Future of Accountancy with AI, in collaboration with Singapore Management University's School of Accountancy. The practical guide looks at how AI will reshape the accounting and finance sector in the coming years, and what the profession can do to continue to operate alongside the evolving technology and their changing roles. It draws on insights from professional services firms Accenture, Deloitte, EY, KPMG and PwC, as well as the Singapore Management University.