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 explosive growth



Merging AI With Online Marketing For Explosive Growth

#artificialintelligence

The market size for artificial intelligence technology is expected to reach $190.6 billion by 2025. This statistic is hardly surprising. Artificial intelligence is transforming the corporate world in almost every way. One of the biggest ways that AI is changing the future of business is by improving the effectiveness of online marketing. Smart businesses will look for new ways to use AI to boost their online marketing strategies.


The 20 top tech skills that employers want and that can help you find a job, according to recruiting site Indeed

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If you're trying to break into tech, learning certain new skills will help push you forward. The job search site Indeed released a report this month about the top tech skills of 2019 based on job descriptions that are being posted. Andrew Flowers, an economist at Indeed, says that in today's job market, there are two major trends that drive the top skills in tech. The first is the rise of data science, machine learning, and artificial intelligence. The second is the rise of cloud computing.


Explained – AI's Explosive Funding Growth – Venture Scanner

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Artificial Intelligence (AI) has become one of the hottest sectors in recent years, with its technology promising to revolutionize and automate every industry imaginable. We have been covering this trend, showing a massive increase in AI startup funding. As you can see in the graphic below, AI funding more than doubled from 2016 to 2017. Its funding more than tripled from 2016 to 2018. This phenomenon then begs the question – what caused this explosive growth in AI funding?


Why machine learning will see explosive growth over the next 2 years

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Some 96% of companies expect to see an explosion of machine learning projects in production by 2020, according to a Tuesday Univa report. While 93% of respondents reported that they had initiated machine learning projects, only 22% of the projects have actually moved into the production phase. The report surveyed more than 344 tech and IT professionals across 17 industries, said the Tuesday press release. According to the release, the survey found challenges with migration as the biggest reason so few projects currently make it to production. The majority of responses (88%) reported a direct correlation between the use of high-performance computing (HPC) and machine learning, with 39% of employees working substantially with HPC and 46% working minorly with HPC, said the survey.


Explosive growth in AI compute shows enterprises must get smart about strategy

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Artificial intelligence research organization OpenAI recently released a report that shows the amount of compute power needed for training runs in the largest machine learning systems has increased by 300,000 times since 2012. Because machine learning results improve when given additional computing resources, we'll likely see even greater demands for silicon infrastructure to drive better results. Enterprises are increasingly using machine learning to automate complex problems and analytical tasks. But OpenAI's research shows there's a key challenge ahead: How can enterprises build the infrastructure they need to produce the business results they want when the technical requirements keep changing? First off, enterprises should try to find the least complicated algorithm necessary to solve the business problem at hand.


Accenture: Healthcare AI poised for explosive growth, big cost savings

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Artificial intelligence "is rewiring our modern conception of healthcare delivery," according to a new Accenture report that shows an array of clinical AI applications are already well on their way to saving the industry $150 billion over the next 10 years. In the shorter term, the report forecasts a 40 percent compound annual growth rate between now and 2021, with acquisitions of AI startups proceeding at a feverish pace.The technology represents "a significant opportunity for industry players to manage their bottom line in a new payment landscape," according to the report, which examined 10 different AI applications, ranked by their potential for cost savings. "As these, and other AI applications gain more experience in the field, their ability to learn and act will continually lead to improvements in precision, efficiency and outcomes," said Accenture researchers. But as the industry rushes headlong to embrace a technology that "thinks and pays for itself," there are some important considerations to keep in mind, according to the report. First, it's key to plan for the way the healthcare workforce will be affected as the nature of employment changes with automation.


Healthcare AI poised for explosive growth, big cost savings

#artificialintelligence

Artificial intelligence "is rewiring our modern conception of healthcare delivery," according to a new Accenture report that shows an array of clinical AI applications are already well on their way to saving the industry $150 billion over the next 10 years. In the shorter term, the report forecasts a 40 percent compound annual growth rate between now and 2021, with acquisitions of AI startups proceeding at a feverish pace. The technology represents "a significant opportunity for industry players to manage their bottom line in a new payment landscape," according to the report, which examined 10 different AI applications, ranked by their potential for cost savings. Robot-assisted surgery – $40 billion Virtual nursing assistants – $20 billion Administrative workflow assistance – $18 billion Fraud detection – $17 billion Dosage error reduction – $16 billion Connected machines – $14 billion Clinical trial participant identifier – $13 billion Preliminary diagnosis – $5 billion Automated image diagnosis – $3 billion Cybersecurity – $2 billion "As these, and other AI applications gain more experience in the field, their ability to learn and act will continually lead to improvements in precision, efficiency and outcomes," said Accenture researchers. But as the industry rushes headlong to embrace a technology that "thinks and pays for itself," there are some important considerations to keep in mind, according to the report.


How to Think Exponentially and Better Predict the Future

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This is the third in a four-part series looking at the big ideas in Ray Kurzweil's book The Singularity Is Near. "The future is widely misunderstood. Our forebears expected it to be pretty much like their present, which had been pretty much like their past." For most of history, our experience has been "local and linear." Not much change occurred generation to generation: We used the same tools, ate the same meals, lived in the same general place.


7 Reasons the Tech Sector Is Set for Explosive Growth

TIME - Tech

As a technology researcher, I'm often asked if tech growth has peaked, or if there is more to come. After spending lots of time thinking about this question, I've decided that the tech industry is in for a sea change, leading to a potential tripling of demand for tech-related goods and services over the next decade. Here are my seven reasons to be bullish about technology's future, broken down by category. A major move to build out broadband wireless networks will provide the underlying infrastructure critical for innovation in communications, the Internet of Things (which will connect lots of formerly "dumb" electronics, like air conditioners and coffee makers) and self-driving automobiles. Meanwhile, "mesh networks" that connect nearby devices to one another in local grids will allow for a new wave of wireless innovation in densely packed cities and other communities.