In the movies, the emergence of Artificial Intelligence usually leads to robotic cyborgs going haywire, machines that threaten humanity, or a choice between a red or blue pill. The plotline almost always assumes the worst will happen. Thankfully, these aren't the droids you're looking for. Instead, AI has tremendous potential to help improve performance for nonprofits and social good organizations and drive meaningful change in the world.
The recent explosion of data set size, in number of records and attributes, has triggered the development of a number of big data platforms as well as parallel data analytics algorithms. At the same time though, it has pushed for usage of data dimensionality reduction procedures. Indeed, more is not always better. Large amounts of data might sometimes produce worse performances in data analytics applications.
It is a fact that healthcare is unsustainable. American health spending will reach nearly $5 trillion, or 20 percent of gross domestic product by 2021. The World Health Organization (WHO) estimates that there is a worldwide shortage of around 4.3 million physicians, nurses, and allied health workers. So how could we change it?
Over three-quarters of consumers in the U.S. have used voice commands to operate a digital device, indicating a comfort with voice-activated services -- but adoption of digital home assistants is still comparatively low, with only 11 percent of consumers saying they own an Amazon Echo/Dot or Google Home, according to new research from GfK.
With the Artificial Intelligence (AI) market predicted to grow at a CAGR of 53.65% from 2015 to 2020, momentum for AI is undoubtedly surging. AI, which is essentially the capability of a machine to imitate intelligent human behaviour (such as visual perception, speech recognition, etc.) and carry out multiple tasks, is proven to drive greater efficiency, and is on course to play a key role in propelling the growth of the retail sector. As consumers continue to demand greater speed and easier access to product and service information, fuelled by our connected world and the internet of things, AI will dramatically enhance the customer experience through improving responsiveness, personalisation and productivity. The potential of AI and its anticipated impact on the future of retail is massive, and by embracing it early on, brands and retailers have the opportunity to gain a major competitive edge.