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) …
In the past few years, there's been a lot of buzz around artificial intelligence (AI) in cybersecurity. Can AI really help businesses improve their security posture? How can we determine which solutions actually use AI versus which ones make hyped-up claims? For solutions that can help, how do they help? Obtaining clarity around this subject will help us understand the areas in which AI can help and what value it can add, which will, in turn, help us make more informed decisions.
Critics of the Apple and Android banking solutions are concerned about consumers being "locked-in" to the phone ecosystem once all of their banking and payment technology is concentrated in one place. Potentially this will reduce consumers' ability to easily change to another service provider, ultimately reducing market competition. Cybersecurity and fraud are (as expected) a key concern as increasing numbers of players enter the market, but security is improving with AI-driven facial recognition technology, other biometric solutions such as fingerprints, and transactions taking place on the blockchain. Security can be strengthened by requiring multi-factor authentication to prevent fraudsters from falsifying identities. Finally, banks are generally regarded as trustworthy when it comes to safeguarding and not passing on their customers' data.
Cybercriminals are always evolving their efforts and coming up with more advanced ways to target their victims. And while there are many tools available to stop them, there is a lot of space for improvement. Especially if you take automation into account. Machine learning and artificial intelligence are playing a significant role in cybersecurity. Automation tools can prevent, detect, and deal with tons of cyber threats way more efficiently and faster than humans.
As AI has permeated our lives most innovatively, the interest and investment are expected to grow further to drive the innovation engine across all sectors of society. Such large scale investments by government or private firms will create a long-appraised impact on society and its citizens. AI researches powered by such investment will help root-out the societally relevant problems to engage people in creating a more diverse workforce to better tackle the problems. The report "A 20-Year Community Roadmap for Artificial Intelligence Research in the US" highlights six significant areas where AI research is likely to impact in the next 20 years. In the near term, chronic health conditions like diabetes, cancer, and heart and neurological diseases are likely to benefit most from new applications of AI, according to a survey of healthcare professionals.
The future is intelligent: By 2030, artificial intelligence (AI) will add $15.7 trillion to the global GDP, with $6.6 trillion projected to be from increased productivity and $9.1 trillion from consumption effects. Furthermore, augmentation, which allows people and AI to work together to enhance performance, "will create $2.9 trillion of business value and 6.2 billion hours of worker productivity globally." In a world that is increasingly characterized by enhanced connectivity and where data is as pervasive as it is valuable, Africa has a unique opportunity to leverage new digital technologies to drive large-scale transformation and competitiveness. Africa cannot and should not be left behind. There are 10 key enabling technologies that will drive Africa's digital economy, including cybersecurity, cloud computing, big data analytics, blockchain, the Internet of Things, 3D printing, biotechnology, robotics, energy storage, and AI.
In fact, it was invented in the 1950s but has only recently become widely accepted in modern business. This makes it crucial that a business stays up to date on what's working and what isn't. Doing so can give a company a competitive advantage while improving marketing and advertising performance. With that being said, today I will be sharing emerging trends in the AI industry that you need to be aware of moving into 2020. You don't need a crystal ball to know the future.
Traditional cybersecurity tools such as mere anti-malware software or login audits aren't going to be sufficient in 2020--additional resources will be needed to protect organizations and their employees from cyberthreats. Artificial intelligence (AI) and machine learning (ML) are making productive inroads in the cybersecurity space. I spoke with Anish Joshi, vice president of technology at AI solutions provider Fusemachines, and Greg Martin, general manager of the Security Business Unit at Sumo Logic, a machine data analytics organization to get their input on the topic. The interviews have been lightly edited. Scott Matteson: What are the common pain points with cybersecurity?
A recent Computerworld poll about #technology trends for 2020 found 43.9% of people are most looking forward to #AI-enhanced #cybersecurity. It's no wonder, considering increases in the number of cybersecurity incidents. In 2019, at least 5.3 billion records, including credit card numbers, home addresses and phone numbers, were exposed through data breaches. Organizations need help identifying threats and preventing breaches, and given the shortage of cybersecurity professionals, AI can help them bridge that skills gap. "Look for AI and ML to be used to detect threats and other potentially malicious attacks and for AI to be used with multi-factor authentication (MFA) to provide access to users", Schott Schober, a cybersecurity and wireless expert.
Just about everyone agrees cybersecurity will be paramount in 2020, and governments and regulatory bodies are already taking action. While GDPR allows citizens in Europe to manage their digital footprint and data, the EU's Cybersecurity Act provides strong support for member nations to alert one another and act against bad actors. Still, cybersecurity is a difficult line of work. It's dynamic, and IT pros often feel harrowed by the amount of ground they're expected to cover. Instead of seeing what new cybersecurity trends will develop in 2020, we thought we'd ask the experts.