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Artificial intelligence (AI) is set to change how the world works. Although it's not perfect, artificial intelligence is a gamer changer. Towards Data Science AI is the main engine of the digital revolution. The COVID-19 crisis has accelerated the need for human-machine digital intelligent platforms facilitating new knowledge, competences and workforce skills, advanced cognitive, scientific, technological, and engineering, social, and emotional skills. In the AI and Robotics era, there is a high demand for the scientific knowledge, digital competence, and high-technology training in a range of innovative areas of exponential technologies, such as artificial intelligence, machine learning and robotics, data science and big data, cloud and edge computing, the Internet of Thing, 5G, cybersecurity and digital reality.
AI is changing every industry and business function, which results in increased interest in AI, its subdomains, and related fields such as machine learning and data science as seen below. However, we also note that since COVID-19 outbreak, interest in AI, as measured by Google queries about AI, has been stable / possibly declining. This may be due to increased interest in COVID-19 and its effects during this period. However, this depends on the specific industry and applications, we see increased interest in AI in manufacturing during the same period. As of 2018, 37% of organizations were looking to define their AI strategies. There has been significant progress since then and according to a recent O'Reilly survey, 85% of organizations are using AI. To integrate AI into your own business, you need to identify how AI can serve your business, possible use cases of AI in your business. Marketing can be summarized as reaching the customer with the right offer, the right message, at the right time, through the right channel, while continually learning. To achieve success, companies can leverage AI-powered tools to get familiar with their customers better, create more compelling content, and perform personalized marketing campaigns. AI can provide accurate insights and suggest smart marketing solutions that would directly reflect on profits with customer data. Marketing analytics: AI systems learn from, analyze, and measure marketing efforts. These solutions track media activity and provide insights into PR efforts to highlight what is driving engagement, traffic, and revenue. As a result, companies can provide better and more accurate marketing services to their customers. Besides PR efforts, AI-powered marketing analytics can lead companies to identify their customer groups more accurately.
The inventions in Artificial Intelligence are thriving the pace of invention despite the existing pandemic. The year 2020 has surprised humans in many ways. From encountering a pandemic, addressing a global recession, and witnessing the global geopolitical changes, humanity is standing in ambiguous times. However, not everything is uncertain. Throughout the year, emerging technologies such as artificial intelligence, robotics, Internet of Things, and augmented/virtual reality, amongst others have spearheaded innovation with a promising future. These technologies have validated that despite the crisis, technology will transform the world.
MORE than half of the 11 finance roles picked for a study will be moderately to highly changed by technology in the next three to five years. Those in the two most junior roles will likely be taken over by machines, while the most senior roles will be least affected, a new study showed. The study, entitled "Redefining the Finance Function with Job Redesign", said the Covid-19 pandemic has accelerated the pace of digital transformation. Within the next three to five years, there could be a wider adoption of technological enablers such as robotic process automation (RPA), artificial intelligence (AI), advanced analytics/Big Data and blockchain. This shift will have a pronounced impact on the finance functions of 2025, according to the study, conducted by the Institute of Singapore Chartered Accountants (ISCA), Lee Kuan Yew Centre for Innovative Cities (LKYCIC) at the Singapore University of Technology and Design, and Ernst & Young Advisory Pte Ltd (EY).
As the COVID-19 pandemic sweeps the globe, big data and AI have emerged as crucial tools for everything from diagnosis and epidemiology to therapeutic and vaccine development. Here, we collect the latest news in how big data is fighting back against COVID-19. Robots and robotics, the two ambiguous terms, have gained more traction after the onset of the COVID-19 crisis. From automating the industry chains to monitoring the public crowd, the resourcefulness in the pandemic is undeniable. Before that, robots have already worked in environments or job lines that are deemed hostile or beyond the basic scope of humans. In short, they have always been there in our hard times and have enabled us to move towards a digitally enhanced future.
The first few months of 2020 have radically reshaped the way we work and how the world gets things done. While the wide use of robotaxis or self-driving freight trucks isn't yet in place, the Covid-19 pandemic has hurried the introduction of artificial intelligence across all industries. Whether through outbreak tracing or contactless customer pay interactions, the impact has been immediate, but it also provides a window into what's to come. The second annual Forbes' AI 50, which highlights the most promising U.S.-based artificial intelligence companies, features a group of founders who are already pondering what their space will look like in the future, though all agree that Covid-19 has permanently accelerated or altered the spread of AI. "We have seen two years of digital transformation in the course of the last two months," Abnormal Security CEO Evan Reiser told Forbes in May. As more parts of a company are forced to move online, Reiser expects to see AI being put to use to help businesses analyze the newly available data or to increase efficiency.
Today, global innovation company Hitachi has announced its next-generation digital transformation solutions will run on Microsoft. The two companies have signed a strategic agreement to advance AI, Robotics, and IoT capabilities across logistics and manufacturing industries based in South Asia and Japan. The digital solutions would also be made available to the North American market. Each industry is unique in the way it adopts digital tools to transform its core operations. Logistics, manufacturing and supply industries are the most potent markets for digitalization.
Robotic process automation (RPA) software company UiPath has announced that it has added conversational AI capabilities to the end-to-end hyperautomation platform. The capabilities will fuel UiPath Robots and industry-tailored chatbots, and new automation capabilities will enhance employee productivity and ensure always-on, scalable, best-in-class global support experiences. The company will also be deploying its powerful Robotic Process Automation (RPA) with Oracle cloud infrastructure and business application to streamline critical workflows and complex processes. "As a member of the Oracle Partner Network, combining our powerful RPA with Oracle's cloud infrastructure was a practical next step. As the COVID-19 pandemic continues, this collaboration allows users to quickly pivot and respond to the ongoing challenges today's environment presents," said Dhruv Asher, Senior Vice President of Alliances and Business Development at UiPath, speaking exclusively with Toolbox "Demand for quality digital customer service has increased greatly as the COVID-19 pandemic has unfolded. By combining Druid's chatbot platform with our Hyperautomation Platform, enterprises can truly achieve end-to-end automation for customers and employees – improving both customer self-service and employee productivity."
"The Golden Age of Biology is upon us," said Mayfield Fund's Navin Chaddha commenting on CRISPR gene ... [ ] editing With economic indicators not seen since the Great Depression (U.S. unemployment at 18%, GDP Q1 contraction at 4.8%, forecasted to surpass 30% for Q2) and the U.S. stock market propped up by trillions of dollars in government stimulus and soaring toward record highs, this is either the worst of times, as Fed Chair Powell declared in his April 28 monetary policy address, or the best of times to come. As more than half of U.S. states begin to reopen from the COVID-19 shutdown, one thing remains clear for now: The sharing economy is dead. Long live the distancing economy. To get an understanding of the role that AI will play in driving growth amid the global coronavirus crisis, I had a chance to talk with Navin Chaddha, managing partner of Mayfield Fund and Forbes Midas List investor, on the post-pandemic outlook for private equity investment. He shared Mayfield's thesis for their newest early stage funds which closed at $750 million on March 25, just as 90% of the world was locking down.
Leading Mobility tech startup- Waymo, has announced the expansion of the Waymo Open Dataset. This would allow the global research community to join Waymo in accelerating the self-driving technology and other mobility applications. The spread of COVID-19 has shown us the perils of losing touch with Healthcare objectives. Alienated tech innovations can put any society out of order, leading to a breakdown in the socio-economic structures. That's why we need to continue with our innovations and collaborations across all industries.