Companies that do not invest in digital technologies and reinvent will have to retire some of their businesses, an industry expert said. "Businesses that rely too heavily on manual work and resisted in investing in technology over the years, especially digital commerce, will be badly hit. If they haven't awakened yet to the call and continue as is, their survival is going to be a big challenge," Arup Roy, Research Vice-President at Gartner, said at the virtual Gartner IT Symposium/Xpo India. Organisations that were digitally sound in a pre-pandemic world could contain the impact on their business, he said and added that the pandemic situation was a wake-up call for many organisations to relook and revive their IT strategies and increase their spending on IT in 2021. "We have seen much of disruptions this year but the good news is that the businesses have responded quite well. The credit goes to the technology and CIOs offices. CIOs are leading their organisations through increasing turmoil," he said.
BEGIN ARTICLE PREVIEW: NEW YORK, Nov. 23, 2020 /PRNewswire/ — Read the full report: https://www.reportlinker.com/p05478480/?utm_source=PRN The global market for Artificial Intelligence (AI) is projected to reach US$312.4 billion by the year 2027, trailing a post COVID-19 CAGR of 32.7% over the analysis period 2020 through 2027. Globally, over 567 AI start-up companies received investments in the first five months of the year 2020. Use of AI in myriad fields has skyrocketed during the pandemic, with the unpreceded crisis driving desperate search for new tools to manage and survive the pandemic. AI is being used for early detection, diagnosis of the infection; development of drugs, vaccines; and for reducing workload of healthcare workers. Artific
People crave company when socially isolated -- such as amid lockdown -- in almost exactly the same way that a hungry individual longs for food, a study has concluded. US experts found that after ten hours of seclusion, people not only want company but also exhibit increased brain responses to pictures of social interactions. Social interactions are rewarding, the team said -- and related images (like smiling faces or people chatting) also engages the brain's dopamine-based reward system. The findings build on past work that found mice exhibited increased responses in the midbrain dopamine system when being social after a period of isolation. While this had suggested that the midbrain may play a role in feelings of social isolation, it had been unclear exactly whether the same would apply in humans.
I know for sure that human behavior could be predicted with data science and machine learning. Taking a look at human behavior from a sales data analysis perspective, we can get more valuable insights than from social surveys. In this article, I want to show how machine learning approaches can help with customer demand forecasting. Since I have experience in building forecasting models for retail field products, I'll use a retail business as an example. Moreover, considering uncertainties related to the COVID-19 pandemic, I'll also describe how to enhance forecasting accuracy.
State officials hope California's new 10 p.m. stay-at-home order will slow the spread of COVID-19, otherwise, another 10,000 San Diegans are projected to contract the virus in the next 10 days. That's according to a new county-by-county forecast from Facebook, which rolled out the prediction software last month. Facebook projects L.A. County will see the second-largest increase in cases in the country by November 30. San Diego County is projected to add the 15th most cases, reaching a total of 78,594 infections by Nov. 30. The two-week forecast was released before Governor Gavin Newsom announced enhanced restrictions.
He said the technology will be rolled out in the coming months across all Metro stations in the emirate. Dubai Police's smart glasses called Rokid T1, and the smart helmets that were used during the COVID-19 pandemic to scan commuters' temperatures, will have more advanced technology in the future like facial recognition to identify wanted people. "Usually, it takes at least five hours to identify a suspect, but with facial recognition technology, it takes less than a minute."
It is one of several efforts in the industry to improve the usefulness of robots in warehouses, where they are increasingly common. The platform is currently online at one location near Madrid, where it has already reduced integration time for new robot systems by 60%, said Markus Voss, DHL Supply Chain's global chief information officer and chief operating officer. "We're at the beginning of the journey," Mr. Voss said. "We are implementing it as we speak at two additional sites, and we think it has applicability across all of our sites." The Morning Download delivers daily insights and news on business technology from the CIO Journal team.
Like so much of our lives, the future of healthcare is digital. Technological advances have given rise to tools that would usually be found in science fiction novels. Now they are helping to diagnose and treat a huge variety of illnesses and improve the quality of life for millions. Now more than ever we can see the huge advantages of embracing digital health in order to enable people to stay at home and still receive appropriate care for minor ailments and check-ups, or advice on their long-term conditions. In response to the global pandemic, hospitals and GP surgeries are embracing remote appointments and other digital measures to treat their patients and ensure they remain safe and well in their own homes.
Many business AI platforms offer training courses in the specifics of running their architecture and the programming languages needed to develop more AI tools. Businesses that are serious about AI should plan to either hire new employees or give existing ones the time and resources necessary to train in the skills needed to make AI projects succeed.
Delhi-born Arnav Kapur's Artificial Intelligence-enabled headset, which "augments human cognition and gives voice to those who have lost their ability to speak", has been named as one of the 100 Best Inventions of 2020 by Time. Kapur, a 25-year-old post-doctoral scholar at Massachusetts Institute of Technology (MIT), invented the device called AlterEgo at the MIT Media Lab. Time described AlterEgo as something which "doesn't read your thoughts, but it can enable you to communicate with your computer without touching a keyboard or opening your mouth". The wearer of AlterEgo has to first formulate the question in their mind to use the headset, "a non-invasive, wearable, peripheral neural interface", to carry out a simple task like Googling the weather on your laptop. "The headset's sensors read the signals that formulation sends from your brain to areas you'd trigger if you had said the query aloud, like the back of your tongue and palate," Time said.