In Munich, Germany, the technology conglomerate Siemens AG is betting $1.1 billion on digital technologies, such as the proposition that blockchain data can be leveraged by machine learning to improve the secure transmission of data used in energy trading. Siemens is welcoming its employees and independent firms to bid for the money if they are willing to research how Siemens can develop businesses that use artificial intelligence. Siemens is just one of a number of companies embracing machine learning--the combination of artificial intelligence and deep analytics that enables enterprises to make predictions on large amounts of data and allows developers to experiment by incorporating features like speech and pattern recognition, as well as statistical techniques, into their analysis. And HPE's recent announcement of "machine learning as a service" (MLaaS) is aimed at helping the process really take off. Speaking at HPE Discover Las Vegas 2016, HPE Executive Vice President Robert Youngjohns called machine learning and deep analytics the most fundamental change we're ever going to see.

In Munich, Germany, the technology conglomerate Siemens AG is betting 1.1 billion on digital technologies, such as the proposition that blockchain data can be leveraged by machine learning to improve the secure transmission of data used in energy trading. Siemens is welcoming its employees and independent firms to bid for the money if they are willing to research how Siemens can develop businesses that use artificial intelligence. Siemens is just one of a number of companies embracing machine learning--the combination of artificial intelligence and deep analytics that enables enterprises to make predictions on large amounts of data and allows developers to experiment by incorporating features like speech and pattern recognition, as well as statistical techniques, into their analysis. And HPE's recent announcement of "machine learning as a service" (MLaaS) is aimed at helping the process really take off. Speaking at HPE Discover Las Vegas 2016, HPE Executive Vice President Robert Youngjohns called machine learning and deep analytics the most fundamental change we're ever going to see.

In this edition of HPE Business Insights Studio, Paul Muller, vice president of strategic marketing at Hewlett Packard Enterprise, meets up with independent technology analyst Theo Priestley to discuss recent developments in artificial intelligence (AI). AI is a hot topic among technologists today, but the practical application to businesses isn't widely understood. This video defines AI and gives real-world examples of how business can take advantage of the latest buzzword in technology. Keep up with HPE Business Insights' articles, blogs, videos, and more by signing up to get highlights direct to your inbox, twice per quarter.