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) …
I should have taken heed of the Socratic paradox that'all I know is that I do not know anything', as in January of 2016, I publicly expressed to the scientific and medical community that'There are certain things that a human brain does much better than any piece of technology – such as solving a crossword puzzle or playing the game Go.' In January of 2016, I was in lofty company, as the majority of the big brains of Artificial Intelligence (AI) felt that it would take at least 50 years for a computer to beat any human at Go. Three months later the Google DeepMind Alpha Go system did just that, when it beat not any average human Go player – but the world's 18-time world Go champion, Lee Sedol. This is a non-trivial occurrence. Because there are many tasks that are performed in healthcare each day by humans, that are well suited to be better performed by intelligent thinking machines. For example, the foundation of healthcare – the diagnosis, consists of pattern recognition and algorithms, both of which are superior strengths of machine over humans. My take away from this is that the changes are occurring much more quickly than I realised, not only in the development of AI, but in many other areas such as the global dispersion of high-speed connectivity, blockchain, plummeting costs of data storage, and tremendous improvements in biosensors of all shapes and sizes. The future that many felt was at least 50 years away, appears to already be behind us – and these powerful thinking machines will not stand alone, but will play a central role in our increasing global connectivity.
NeoGrowth is a pioneer in lending based on the underwriting of digital payments data. The Company's proprietary technology platform offers unsecured loans to merchants who accept card or other digital payments from customers. Flexible repayment is a hallmark of the NeoGrowth business, offering customer's small daily auto-repayment facility from card-based sales. He is a seasoned operating executive who has successfully founded a number of businesses and operated them to high levels of success. He has over 30 years of experience in the Payments & Fintech industry focusing on Business Leadership, Payment Processing, SME Lending, Corporate Development, Business Operations, Technology and Strategy.
Technology has been the greatest phenomenon in transforming industries and behaviors across the globe. The healthcare industry has seen technology inspire progress and innovation. The Healthcare IT Market is expected to be $390.7 Billion by 2024 and is growing at a faster rate than the GDP of most countries. It costs nearly $250 Billion to process 30 Billion healthcare transactions each year. The Healthcare expenditures for the U.S is projected to be $5.4 Trillion by 2024 representing an average annual rate of 19.6% of GDP.
It's rare to see tech headlines about agriculture, but the field (pardon the pun) is often at the forefront of implementing new technology Perhaps no recent tech development has had a greater impact on the industry than smart technology, and this IoT data is being used to improve operations across nearly all modern farming operations around the globe. Here are a few examples. Farmers were among the first to adopt GPS technology; John Deere was the first tractor manufacturer to implement GPS technologies in the early 1990s, and farmers quickly began using GPS assistance and even automated steering to reduce user errors. GPS technology can be combined with sensor data to create ultra-precise maps of varying factors. Knowing how soil quality varies across large plots of land, for example, can help farmers know which areas need which type of fertilizers.
Overconsumption and poor resource efficiency are damaging natural ecosystems, causing biodiversity loss and the depletion of basic resources. Sustainable, circular initiatives support sustainable growth by aiming to keep the value of resources for as long as possible and eventually bring them back to the economy at the end of their life, producing zero waste and making cash from waste. With the commitment to green values, major players in the retail and fashion industry are taking the lead in sustainable, circular initiatives. Businesses are responding to customers' green values, as they become increasingly aware on how their purchases effect the environment. In taking the lead for a sustainable, circular economy, leading brands provide products and services that allow customers to enjoy a guilt-free ethical shopping experience.
Japan's mtes Neural Networks and DTCO announced their partnership to promote the "CitiOS Project", combining structural health monitoring (SHM) and blockchain technology to monitor structural changes in infrastructures such as buildings, stations, railways, etc. CitiOS can significantly improve public safety for the areas that have suffered from earthquakes. Earthquakes has always been one of the biggest security issues facing Taiwan and Japan. The damage to infrastructures generated by earthquakes has often caused unacceptable casualties and an irreparable lost in property value. CitiOS will predict whether infrastructures changes in time and take necessary measures to overcome various defects. Moreover, with the aging of population in Japan, they can no longer rely entirely on manpower to manage urban infrastructures.
The most significant fears for financial institutions and banks are regulatory compliances. In the past, regulation was seen as a barrier to enter into Financial Services. Compliances were complex, difficult to comply with, and impossibly intricate for new organizations to adopt. It is a mandate for financial institutions to clearly identify and create a risk profile for each of their customers. Let's think of a situation, where a financial organization's KYC (Know-your-customer), which is a critical part of client onboarding, fails to show up a suspicious transaction done by another financial institution due to insufficient validation of the primary documents.
Whether it's artificial intelligence (AI), machine learning, robotic process automation or the blockchain protocol, emerging technologies are moving at an incredible pace. However, these emerging technologies are still functioning in a somewhat fragmented nature – especially in the cryptocurrency and blockchain technology arena. Recognizing the need to utilize these emerging technologies within the future of decentralization, MATRIX AI Network has built an innovative blockchain protocol that embraces the many benefits of AI and machine learning. One of the overarching concerns of the blockchain space is the amount of energy required to keep networks operational 24/7. In fact, with 90% of Bitcoin mining costs attributable to energy consumption, the platform required a whopping 30 terrawatt hours of electricity in 2017 alone.
Cryptocurrency industry - A very wast digital ecosystem that has been powered with blockchain and most notably the ever-popular bitcoin. In the past few years, we have heard the loud sound of bitcoin and its derivatives in online mediums, networks, and social media. Just like that, there is an another technology which is started to explore its influence on headlines. That is AI - Artificial Intelligence. Yes, just like the bitcoin and blockchain, this trending technology innovation started to revamp many corporate industries, which includes the cryptocurrency industry too.
Over the past century, we have witnessed an immense change in the world influenced by technology and has completely changed the way we live drastically. Technologies which came into existence in the past like Silicone Chips, Telecommunication, Transistors, Industrial Automation, Electronic Fund Transfers and a few more have shaped our present as we know it and some of us still WOW at this transformation development while some of us don't even notice this impact but life is impossible without the available technology. So, let's just take a moment to acknowledge all that has developed and the evolution of technology and how life is what it is today. Now that we are into that tech zone of knowing how technological evolution influences our world, then lets dive into the future and see how it might look like a century from now and what all technologies we see budding today will have a major role in the way it might be tomorrow. Yes, this is a very hot topic at the moment and the reason it is at the top of the list is that the implications of this technology will be visible in a very near future.