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3 of the Best Uses for AI in Our New Normal

#artificialintelligence

Artificial intelligence (AI) is the most disruptive innovation of our lifetime. Its adoption has grown 60 percent in the last year, according to an April 2020 report by Narrative Science. The report's authors say the technology is having a "significant and imminent impact on everything from company strategy, to business operations, to job functions." So what are some of AI's implications in the new normal, one in which American entrepreneurs find themselves saving cash, working from home and wearing masks everywhere they go? Currently, for entrepreneurs, the most popular AI-powered solutions deal with predictive analytics (24 percent), machine learning (21 percent), language processing (14 percent) and voice recognition and response (14 percent), according to the same Narrative Science report.


4IR demands reskilling workforce - Talk IoT

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While automation and digital technologies are disrupting the workplace as we traditionally know it, it has become imperative for organisations to start reskilling their workforce. Automation and artificial intelligence are not only disrupting the assembly lines but right across the so-called blue-collar jobs. This is mainly because in most instances, artificial intelligence (AI), is actually doing a better job than humans. For example, the use of virtual assistants in the workplace is growing. By 2021, Gartner predicts that 25 percent of digital workers will use a virtual employee assistant on a daily basis.


FairRec: Two-Sided Fairness for Personalized Recommendations in Two-Sided Platforms

arXiv.org Artificial Intelligence

We investigate the problem of fair recommendation in the context of two-sided online platforms, comprising customers on one side and producers on the other. Traditionally, recommendation services in these platforms have focused on maximizing customer satisfaction by tailoring the results according to the personalized preferences of individual customers. However, our investigation reveals that such customer-centric design may lead to unfair distribution of exposure among the producers, which may adversely impact their well-being. On the other hand, a producer-centric design might become unfair to the customers. Thus, we consider fairness issues that span both customers and producers. Our approach involves a novel mapping of the fair recommendation problem to a constrained version of the problem of fairly allocating indivisible goods. Our proposed FairRec algorithm guarantees at least Maximin Share (MMS) of exposure for most of the producers and Envy-Free up to One item (EF1) fairness for every customer. Extensive evaluations over multiple real-world datasets show the effectiveness of FairRec in ensuring two-sided fairness while incurring a marginal loss in the overall recommendation quality.


How Companies Are Augmenting Human Intelligence With AI

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Among fictional buzzwords like "telepathy," "cyberspace," "parallel universe," and so on – what's undeniably popular and real is "AI" -- artificial intelligence. The idea that a machine can exhibit the same level of intelligence and sentience as a human being has captured much interest today. This idea has increasingly become popular in the workplace: The World Economic Forum forecasts that due to technologies like machines and algorithms, "133 million new jobs [are] expected to be created by 2022 compared to 75 million that will be displaced." A report published by Tractica, showed that AI revenue could grow from $643.7 million in 2016 to $36.8 billion by 2025. These billion-dollar facts could leave a surprisingly awakening question -- is the future going to be AI-oriented, and will humans be left out of it?


Top Five (5) Market Forecasts of Artificial Intelligence - USM

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Since the recent past years, Artificial Intelligence (AI) is a buzzword in the market. Global industries are eying at Artificial intelligence to grab profitability. This is leading to increased attention towards AI and its applications. The companies are investing in emerging technologies like machine learning (ML), deep learning, predictive analytics, speech and image recognition, natural language processing (NLP) technologies to fuel their business. In particular, machine learning and deep learning are emerging as the most fastest-growing technologies of artificial intelligence.


The 2018 Survey: AI and the Future of Humans

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"Please think forward to the year 2030. Analysts expect that people will become even more dependent on networked artificial intelligence (AI) in complex digital systems. Some say we will continue on the historic arc of augmenting our lives with mostly positive results as we widely implement these networked tools. Some say our increasing dependence on these AI and related systems is likely to lead to widespread difficulties. Our question: By 2030, do you think it is most likely that advancing AI and related technology systems will enhance human capacities and empower them? That is, most of the time, will most people be better off than they are today? Or is it most likely that advancing AI and related technology systems will lessen human autonomy and agency to such an extent that most people will not be better off than the way things are today? Please explain why you chose the answer you did and sketch out a vision of how the human-machine/AI collaboration will function in 2030.


The growth economics of artificial intelligence

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Artificial intelligence (AI) promises impelling potential for the growth of society and economy in today's times. As India is moving on the trajectory of digital transformation, the growing penetration of digital technologies in the lives of Indians and the generation of huge volumes of data at every interaction point projects a germane use-case for an AI-driven economy. However, for making the ocean of data points work in synergy to transform India as the AI leader, we require the power of AI to address the complex challenges that the country is facing across its demographic diversity. According to an Accenture report published in December 2017, AI alone can add $957 billion, or 15% of the current gross value added, to the Indian economy by 2035. The economic value can be unlocked primarily through three ways: augmentation delivered through human and machine collaboration, intelligent automation and productivity that comprise $597 billion, $83 billion and $277 billion, respectively.


10 Ways Artificial Intelligence Is Helping Us Benefits Of AI Edureka

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Did you know that Artificial Intelligence will contribute a whopping $15.7 trillion to the global economy by 2030!? In addition to economic benefits, AI is also responsible for making our lives simpler. This article on Benefits Of Artificial Intelligence will help you understand how Artificial Intelligence is impacting all domains of our life and at last benefiting humankind. I'll be discussing the benefits of Artificial Intelligence in the following domains: To get in-depth knowledge of Artificial Intelligence & Machine Learning, you can enroll for live Machine Learning Engineer Master Program by Edureka with 24/7 support and lifetime access. Artificial Intelligence can be used to automate anything ranging from tasks that involve extreme labor to the process of recruitment.


Spain A Rising Star In The Startup Scene

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As a world class tourist destination, Spain is considered to have it all; from a rich vibrant culture, world heritage sights, and a culinary scene fit for any foodie, Spain has something for everyone. On the tech front, Spain is a rising star as its startup scene is becoming the country's most flourishing sector. However, let us rewind approximately 10 years to the global financial crisis that took the world by storm. Spain was heavily hit by the 2008 global financial crisis, when the housing market crashed, leaving half-finished projects scattered from the suburbs of Madrid to the shores of the Mediterranean coastline. The sense of revival in Spain is clearer than the waters off Barcelona's coastline.


The AI Startup Wave Is Hitting India And Investors Are Taking Notice

#artificialintelligence

Today's artificial intelligence-based applications are changing people's lives in ways that often go unnoticed. A new study by Accenture, however, reports that AI could dramatically boost economic growth and productivity by up to 40% in 2035, prompting many to sit up and take notice of the burgeoning industry. Already advances in AI-powered technologies like robots, virtual assistants and augmented reality have stimulated fervent interest from companies such as Google, IBM, Apple, Facebook and Microsoft. And while it's hard to pinpoint the exact path that it will take, with global tech giants making huge strides in this sector, AI startups are arguably the most sought-after in today's global economy. The trend is catching on in India as well.