If you are looking for an answer to the question What is Artificial Intelligence? and you only have a minute, then here's the definition the Association for the Advancement of Artificial Intelligence offers on its home page: "the scientific understanding of the mechanisms underlying thought and intelligent behavior and their embodiment in machines."
However, if you are fortunate enough to have more than a minute, then please get ready to embark upon an exciting journey exploring AI (but beware, it could last a lifetime) …
China's e-commerce giant Alibaba has announced plans to invest more than $15 billion over the next three years in researching emerging technologies including artificial intelligence and quantum computing. Jack Ma, Alibaba's executive chairman, announced his decision to establish the Alibaba DAMO Academy (DAMO stands for Discovery, Adventure, Momentum, and Outlook) on the first day of the company's 2017 Computing Conference, which opened on Wednesday. Ma said the academy will do research aimed at "solving problems" related to the Internet of things, fintech, quantum computing, and AI. It will open seven research labs in China, the U.S., Russia, Israel, and Singapore. Chinese tech companies are increasingly looking to invest in cutting-edge research, especially artificial intelligence (see "China's AI Awakening").
More investors are setting their sights on the financial technology (Fintech) arena. According to consulting firm Accenture, investment in Fintech firms rose by 10 percent worldwide to the tune of $23.2 billion in 2016. China is leading the charge after securing $10 billion in investments in 55 deals which account for 90 percent of investments in Asia-Pacific. The US came second taking in $6.2 billion in funding. Europe, also saw an 11 percent increase in deals despite Britain seeing a decrease in funding due to the uncertainty from the Brexit vote.
The Data Science Trends for 2018 are largely a continuation of some of the biggest trends of 2017 including Big Data, Artificial Intelligence (AI), Machine Learning (ML), along with some newer technologies like Blockchain, Edge Computing, Serverless Computing, Digital Twins, and others that employ various practices and techniques within the Data Science industry.
I joined Booking.com as a data scientist about two and a half years back, straight after a 3 years consulting gig in Dubai. Moving from consulting to a pure data science role was a big shift in my career and in hindsight I'm very happy I made that choice. In fact, I was already impressed with the company during my interviews. What I liked the most was that I was interviewed by peers who were already in the same role, which allowed for many'quality' interactions during the process and reaffirmed the recruiter's claim that the company had a'flat hierarchy'. Also the background of the interviewers was very diverse and interesting -- one had a PhD in astronomy, and the other was CTO of his own startup.
Samsung's virtual assistant Bixby is built into its latest smartphones. Smartphones have dominated the last 10 years of computing, but we're on the cusp of the next big platform: voice-activated virtual assistants, powered by artificial intelligence. While the smartphone isn't going away, you'll soon be able to interact with many more devices thanks to assistants like Apple's Siri and Amazon's Alexa. All the big technology companies – Amazon, Apple, Google and Microsoft – are building assistant platforms. But perhaps the most promising is Samsung, which just announced a new AI version of its Bixby assistant.
Artificial intelligence is not fiction. It is already our reality and has been for a very long time. Its origins date back to the 1950s. How has it changed since then? Are computers able to teach themselves? What does a smartphone have to do with the landing on the moon, and could machines be smarter than humans?
Artificial Intelligence is the future of growth. There is sure to be at least one article in the newspaper/internet/blogs daily on the revolutionary advancements made in the field of Artificial Intelligence or its subfield disrupting standard industries like Fintech, Banking, Law, or any other. In banking domain digital banking teams of all modern banks planning to transform the customer experience with their AI based chat-driven intelligent virtual assistant i.e. bots. AI promises benefits, but also poses urgent challenges (not threats, please make a note) that cut across almost all industries and business be it of any nature, i.e software development, technical support, customer care, medicines, law domain or factory / manufacturing work. The need of the hour is to upgrade our skill sets to exploit AI rather than compete with it.