Artificial intelligence has become a general-purpose technology. Not confined to futuristic applications such as self-driving vehicles, it powers the apps we use daily, from navigation with Google Maps to check deposits from our mobile banking app. It even manages the spam filters in our inbox. These are all-powerful, albeit functional roles. What's perhaps more exciting is AI's growing potential in sourcing and producing new creations and ideas, from writing news articles to discovering new drugs -- in some cases, far quicker than teams of human scientists.
An absolute way to forecast what future holds is to comprehend the trend today! Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune. We ponder into the heterogeneous markets in accord with our clients needs and scoop out the best possible solutions and detailed information about the market trends. Data Bridge delve into the markets across Asia, North America, South America, Africa to name few. Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.
It was reported that Venture Capital investments into AI related startups made a significant increase in 2018, jumping by 72% compared to 2017, with 466 startups funded from 533 in 2017. PWC moneytree report stated that that seed-stage deal activity in the US among AI-related companies rose to 28% in the fourth-quarter of 2018, compared to 24% in the three months prior, while expansion-stage deal activity jumped to 32%, from 23%. There will be an increasing international rivalry over the global leadership of AI. President Putin of Russia was quoted as saying that "the nation that leads in AI will be the ruler of the world". Billionaire Mark Cuban was reported in CNBC as stating that "the world's first trillionaire would be an AI entrepreneur".
The future comes too soon and in the wrong order." "It is our moral responsibility not to stop the future but to shape it." The pandemic is hurtling the world into a Technology 4.0-transformed "future of work" much earlier than anticipated in the ILO's Centennial Declaration of 2019. India's global significance in mastering the future of work through technology-adaptive and high-productivity human capital employing the largest global cohort of 820 million youth is huge. Along with declining fertility rates and women's empowerment, this could yield a large demographic dividend of high growth rates for decades, despite short-term shocks.
Artificial Intelligence or AI is a field of Data Science that trains computers to learn from experience, adjust to inputs, and perform tasks of certain cognitive levels. Over the last few years, AI has emerged as a significant data science function and, by utilizing advanced algorithms and computing power, AI is transforming the functional, operational, and strategic landscape of various business domains. AI algorithms are designed to make decisions, often using real-time data. Using sensors, digital data, and even remote inputs, AI algorithms combine information from a variety of different sources, analyze the data instantly, and act on the insights derived from the data. Most AI technologies – from advanced recommendation engines to self-driving cars – rely on diverse deep learning models. By utilizing these complex models, AI professionals are able to train computers to accomplish specific tasks by recognizing patterns in the data. Analytics India Magazine (AIM), in association with Jigsaw Academy, has developed this study on the Artificial Intelligence market to understand the developments of the AI market in India, covering the market in terms of Industry and Company Type. Moreover, the study delves into the market size of the different categories of AI and Analytics startups / boutique firms. As a part of the broad Data Science domain, the Artificial Intelligence technology function has so far been classified as an emerging technology segment. Moreover, the AI market in India has, till now, been dominated by the MNC Technology and the GIC or Captive firms. Domestic firms, Indian startups, and even International Technology startups across various sectors have, so far, not made a significant investment, in terms of operations and scale, in the Indian AI market. Additionally, IT services and Boutique AI & Analytics firms had not, till a couple of years ago, developed full-fledged AI offerings in India for their clients.
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).
Yet another country has gone to release the potential of artificial intelligence to fuel its economic growth plans. One of the largest oil manufacturing nations, Saudi Arabia, has now formulated and launched a nation-wide policy on AI. The project has been signed with approval from King Salman and aims to add the market value of up to 500 billion riyals (US$133 billion) in the country's GDP by 2030. The policy formulation had begun last year when the Saudi Data and Artificial Intelligence Authority (SDAIA) was established through a royal decree in August 2019 to lead the charge of the nation's transformation into a data-driven economy. Besides, the body is working on implementing a cloud platform, intending to build one of the biggest cloud frameworks in the Middle East by connecting 83 data centres controlled by over 40 government bodies.
Each week we round up travel startups that have recently received or announced funding. Please email Senior Travel Tech Editor Sean O'Neill at email@example.com This week, travel startups announced more than $136 million in funding. Omio, the travel booking app, said Wednesday it had raised $100 million (€83.7 million) in convertible debt. Investors included Temasek, Kinnevik, Goldman Sachs, NEA, and Kleiner Perkins.
For some time now, the United Arab Emirates (UAE) has been adopting artificial intelligence (AI) in the public and business sectors. This is part of the Gulf country's economic diversification strategy, aimed at transforming the UAE away from an oil-dependent economy to a knowledge-based one. AI is generally conceived as human intelligence processes which are simulated by computer systems, including learning, reasoning, problem-solving, planning, predictive analytics, and advanced robotics. Like other Arab states, the UAE has advanced a public discourse based on a dominant narrative of nationalism which is meant to solidify its image while reinforcing the Emirati rulers' power and legitimacy. Its foundational theme is made up of different frames such as diversity, tolerance, moderation, international cooperation, humanitarianism, and modernity. State leaders use narratives not only to persuade and influence a national and international audience of its image and self-perception, but also as a means to determine its understanding of its place and purpose in the international system.