These days, artificial intelligence seems to be everywhere. You can check the weather just by asking for the temperature out loud, and it can tell you when it's time to order more laundry detergent before you've even added it to the grocery list. But other areas that aren't always top of mind, like insurance, have also begun to use artificial intelligence. AI has made a lot of positive changes throughout the insurance industry. For example, by tracking policy-holders' behavior behind the wheel, auto insurance companies have been able to encourage more responsible driving and try and help reduce risky behavior.

In the context of the digital economy, data is often referred to as the new fuel driving the economy. This comparison has its origin in the title of a May 2017 report by The Economist entitled "The world's most valuable resource is no longer oil, but data". The saying "data is a new oil" became a kind of cliché. While this comparison is highly evocative, it doesn't fully reflect reality. There are a number of differences between how oil and data affect the economy.

Our focus on AI and Data at University of Birmingham is two-fold, covering education to bridge sector skills gaps with Degree Apprenticeships and MSc programmes, alongside well established research communities promoting new ways of working and new insights into data and AI. We know the tech world changes rapidly. We are collaborating with industry sectors such as IT and computer science, engineering and professional services by developing innovative courses whilst also promoting the latest insights from research directly to business. Researchers at University of Birmingham and experts from industry are working on various projects for the UKRI AI for Services network initiatives. We are a partner in The Alan Turing Institute, the UK's national institute for data science and artificial intelligence.

Whether we realise it or not, technology such as artificial intelligence and VR are already ubiquitous in our everyday lives. While the broader debate swirls around the extent that machines will replace human function, the underlying technology is already at work, altering the way we live and work. In many ways, the sports industry is at the cutting edge of this change. It has embraced technology to the point that many teams now rely on it to help them win games, improve players' ability and coaching, manage their operations as well as interact with their fans. The fourth industrial revolution is upon us, bringing with it unlimited insights from its interconnected everyday data.

Network will transform Canada's image-guided therapy industry into a global leader by integrating artificial intelligence into imaging-based medical technologies The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, today announced an investment of $49 million into the Industry Consortium for Image-Guided Therapy (ICIGT), a pan-Canadian network led by Sunnybrook. "Canadians have long been at the forefront of exciting innovations in health and biosciences, and through the Strategic Innovation Fund we have brought together the best in the public and private sectors to find real health care solutions. Our investment in the ICIGT project is helping to leverage Canada's strengths in artificial intelligence, machine learning, and image-guided therapies to ultimately deliver better health care for Canadians across the country," says Bains. The network of 70 private and public sector partners will invest more than an additional $76 million, for a total project value of $126 million. It will transform Canada's image-guided therapy sector into a global leader by integrating artificial intelligence and data advances into medical technologies that use imaging to treat, diagnose and monitor disease.

A project to develop breakthrough artificial intelligence technology for the anti-fraud sector is one of a number of new projects set to receive funding to enable the UK accountancy, insurance and legal services industries to transform how they operate. The artificial intelligence software, being developed by Intelligent Voice Ltd, Strenuus Ltd. and the University of East London will combine AI and voice recognition technology to detect and interpret emotion and linguistics to assess the credibility of insurance claims. The project is one of 40 backed by £13 million in Government investment to support collaborative industry and research projects to develop the next-generation of professional services. Artificial intelligence and data are transforming industries across the world.We are combining our unique heritage in AI with our world beating professional services to put the UK at the forefront of these cutting-edge technologies and their application. We want to ensure businesses and consumers benefit from the application of AI - from providing quicker access to legal advice for customers, to tackling fraudulent insurance claims, these projects illustrate our modern Industrial Strategy in action.

A project to develop breakthrough artificial intelligence technology for the anti-fraud sector is one of a number of new projects set to receive funding to enable the UK accountancy, insurance and legal services industries to transform how they operate. The artificial intelligence software, being developed by Intelligent Voice Ltd, Strenuus Ltd. and the University of East London will combine AI and voice recognition technology to detect and interpret emotion and linguistics to assess the credibility of insurance claims. The project is one of 40 backed by £13 million in Government investment to support collaborative industry and research projects to develop the next-generation of professional services. Artificial intelligence and data are transforming industries across the world.We are combining our unique heritage in AI with our world beating professional services to put the UK at the forefront of these cutting-edge technologies and their application. We want to ensure businesses and consumers benefit from the application of AI - from providing quicker access to legal advice for customers, to tackling fraudulent insurance claims, these projects illustrate our modern Industrial Strategy in action.

Artificial intelligence will transform many companies and create completely new types of businesses. Andrew Ng, cofounder of Coursera, AI Fund, and Landing.AI and Google Brain, shares how businesses can benefit. The interview was conducted by Michael Chui, a partner of the McKinsey Global Institute. I think it clarifies some interesting issues. Artificial intelligence (AI) is at the cutting edge of innovation.

Artificial intelligence will transform many companies and create completely new types of businesses. The cofounder of Coursera, AI Fund, and Landing.AI shares how businesses can benefit. Artificial intelligence (AI) is at the cutting edge of innovation. But how do companies find the expertise necessary to utilize it, and then take it to market? In this video, recorded at the Aspen Ideas Festival in June, Andrew Ng, cofounder of Coursera, AI Fund, and Landing.AI, discusses the difference between an AI-enabled business versus a true AI company, and how businesses can organize, hire, and make use of AI to add value.

Next-generation vehicles will be defined by software. This content is available only to members of Automotive World with a valid subscription.