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 competitive edge


AI could spark nuclear Armageddon and World War Three, experts fear

Daily Mail - Science & tech

Artificial intelligence could spark an accidental nuclear war, conflict experts fear. The Stockholm International Peace Research Institute (SIPRI), the world's leading organisation on nuclear assessments, said technologies like AI are aggravating the risk carried with growing global nuclear stockpiles. SIPRI pointed to China's rapidly growing stockpile, from 500 to 600 in a single year, as well as the imminent expiry of the final arms control treaty between the US and Russia, two nuclear-armed nations. The institute's director, Dan Smith, warned: 'One component of the coming arms race will be the attempt to gain and maintain a competitive edge in artificial intelligence (AI), both for offensive and defensive purposes. 'There are benefits to be found but the careless adoption of AI could significantly increase nuclear risk.'


Reshoring continues apace in UK manufacturing sector - PES Media

#artificialintelligence

The UK manufacturing industry is continuing to re-shore suppliers as supply chain volatility becomes permanent and overseas companies turn their back on supplying the UK. This is according to a major report released today by Make UK and software company Infor. The report, 'No Weak Links – Building Supply Chain Resilience' published at the Make UK National Manufacturing Conference in London, shows the unrelenting pressure on company supply chains from increased costs and geo-political uncertainty which are creating unacceptable lead times. For many manufacturers this poses a strategic risk to their business and, as a result, they are placing their supply chains under the microscope and adopting a range of strategies to manage relationships with suppliers at home and overseas. This includes diversifying their supply chains by either increasing or reducing the number of suppliers, as well as investing in a range of technologies to monitor up and down their supply chains.


ModuleQ Gives Client-Facing Professionals a Competitive Edge with GPT and Azure OpenAI

#artificialintelligence

ModuleQ, the People-Facing AI company, announced the first GPT-enabled insights solution for client-facing professionals. ModuleQ People-Facing AI enables businesses to deliver timely, hyper-personalized insights directly to their client-facing professionals in Microsoft Teams. ModuleQ's initial GPT integration helps professionals work more efficiently by summarizing key themes in news articles and research reports, and the company will launch additional use cases in the near future. ModuleQ selected the GPT models and Microsoft Azure OpenAI Service to help customers unlock the value of their information assets, both proprietary and externally sourced. ModuleQ People-Facing AI improves employee experience and drives revenue growth by proactively surfacing real-time, client-centered insights, automatically tuned to the current context and preferences of each professional.


Automation In Banking Using AI - DPN

#artificialintelligence

In today's market, automation in banking has become a crucial factor for banks to remain competitive. Banks are leveraging automation to offer personalised services to customers, reduce operational costs, and improve the speed and accuracy of their processes. Automation technologies like Robotic Process Automation (RPA), Artificial Intelligence (AI), and Machine Learning (ML) are being used to automate repetitive and time-consuming tasks such as data entry, account opening, loan processing, and customer service. One of the significant benefits of automation in banking is improved customer experience. Banks are using chatbots and virtual assistants to provide 24/7 customer service, allowing customers to get instant assistance without having to wait for a human representative.


Leveraging Vertex AI Pipelines to Accurately Measure Carbon Footprint

#artificialintelligence

There's no denying that digital transformation has been a major force in business over the past few years. From providing greater customer experience to streamlining processes, digital transformation has changed the way we do business in the modern world. But what exactly is digital transformation, and why is it important for business? In short, digital transformation is the process of leveraging technology to improve customer experience, automate processes, and create new business opportunities. It involves digitalizing business operations, such as introducing cloud storage, automation, and analytics.


The Trailblazers: Introducing Shield

#artificialintelligence

Shield helps people and organizations turn compliance into a competitive edge; moreover, it has revolutionized financial compliance. "Shield is a modern, agile, hybrid-cloud solution that enables organizations across highly regulated industries to'read between the lines'. It allows compliance teams to easily monitor all communication channels, such as Teams, WhatsApp and Zoom, from a single platform. Our end-to-end platform, equipped with extensive protection and transparency, offers greater flexibility, visibility, and control of alerts or triggers, especially when they could contain sensitive and confidential data." Center-stage startups may soon become game-changers.


Basics of AI: Streamlining Operations and Enhancing Efficiency

#artificialintelligence

AI (Artificial Intelligence) is rapidly advancing, and it's going to change business forever. AI can give organizations a competitive edge in the marketplace by automating tasks and making better decisions. You've got to know about the implications of AI for business strategy, just like with any new technology. As well as the ethical and legal considerations organizations need to consider, this article will explore how AI could impact business operations and decision-making. Aside from that, it's about how companies can get an edge in the market by implementing AI and developing a strategy for it.


Data, analytics and AI predictions for 2023

#artificialintelligence

As we look back on 2022, it's been exciting to see the rapid advancements in data, analytics and AI that have helped shape the way organizations operate. It was a turning point for many businesses as they began to realize the true potential of data-driven insights and the power of AI to drive innovation. As we head into 2023, we can expect even more breakthroughs and developments that will change the way companies leverage data and analytics to gain a competitive edge. Let's take a closer look at my predictions for the coming year and explore how organizations can prepare for the future of data, analytics and AI. Expect to see more M&A activity in 2023 as vendors look to tell more unified, end-to-end and comprehensive stories.


Where AI Is Delivering A Competitive Edge In 2020

#artificialintelligence

One in five enterprises sees modernizing its data infrastructure for AI as the top AI initiative to ... [ ] gain a competitive edge today. These and many other fascinating insights are from Deloitte Insights' Survey: State of AI in the Enterprise, Third Edition: Thriving in the Era of Pervasive AI. A PDF of the study is available for download here (28 pp., PDF, no opt-in). Deloitte surveyed 2,737 IT and line-of-business executives between October and December 2019 from nine countries. To qualify for the study, all responding executives needed to have experience evaluating, budgeting for and implementing AI investments.


Re-imagining Your Business with AI: A Complete Guide For Successful Implementation! - Fingent Technology

#artificialintelligence

From the mundane to breathtaking, AI is disrupting virtually every business process in all sectors. People are ceasing to associate Artificial Intelligence with science-fiction dystopias as Artificial Intelligence (AI) is taking more commonplace in our daily lives. While such acceptance in mainstream society is a new phenomenon, it is not a new concept in business. Today, AI has become imperative to maintain a competitive edge. This guide will help business owners who are serious about maintaining a competitive edge in their business sector by adopting AI.