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) …
Machine Learning ("ML") has been a relatively niche field for decades, with interest stemming mainly from academia and the life sciences. In recent years however, the development of ML technology has started to disrupt and, in some cases, reshape industries. This is evident in the hedge fund sector, which has seen a plethora of ML funds launching, or expected to launch, in the first half of 2018. ML can generally be defined as a subset of artificial intelligence. It involves using statistical techniques on large amounts of data to learn how to perform a specific task or find patterns in order to make predictions and solve problems.
Artificial intelligence (AI) is a popular topic of debate across industries worldwide. For many, the possibility of leveraging AI is a positive way to make businesses more productive and efficient, while offering more sophisticated customer offerings. However, others view the rise of AI and automation with more caution, particularly in regards to jobs losses. The fact is that AI will fundamentally shift the way organisations operate, from top to bottom, as well as alter the very definition of both jobs and tasks -- for the better. Australian industries are entering an era where those who do not embrace automation will be left behind.
Finland's prime minister Juha Sipilä has said that the country's legislation must be changed so that it will allow experimenting with Artificial Intelligence technologies faster. Talking in Turku the politician sees that Finland must already think of the next hundred years, just after it's centennial anniversary in 2017. He believeves that adopting Artificial Intelligence at scale in different fields will be key in the future. Currently one of the Nordic country's strengths is it's heavy industry, like shipyards and automotive industry in the Southwest Finland. Both are being receiving continuous investment, with the Turku shipyard training programme and expansion of the Mercedes-Benz production in Uusikaupunki.
The market for AI has seen a significant rise in the last few years with the advent of blockchain and the evolution of ever more sophisticated constructs aimed at solving complicated business tasks and optimizing costs. GraphGrail Ai means to storm the market, inducing it to grow even further with the arrival of healthy competition to challenge the industry giants. According to IDC analysts, for a third of Fortune 500 companies, revenues from information products will grow by 50% by the end of 2017 compared to the rest of the range of products and services. An important source of revenue will be the monetization of data. The amount of data created in the world (10 zettabytes in 2015) will grow to 163 zettabytes by 2025.
One way that Samsung Electronics works with the technology startup community is through Samsung NEXT – an innovation arm that scouts, supports and invests in forward-thinking new software and services businesses and entrepreneurs. By rubbing shoulders with those on the frontline of software innovation, as well as harnessing the insights of its homegrown experts, Samsung is always thinking about how technology, and indeed society, will change. We spoke with members of the Samsung NEXT team--here are the top five technologies that will change people's lifestyle in 2018. Artificial intelligence (AI) will dramatically expand within the next 12 months. It is already changing the way people interact with a number of applications, platforms and services across both consumer and enterprise environments.
The market for artificial intelligence (AI) technologies is flourishing. Beyond the hype and the heightened media attention, the numerous startups and the internet giants racing to acquire them, there is a significant increase in investment and adoption by enterprises. A Narrative Science survey found last year that 38% of enterprises are already using AI, growing to 62% by 2018. Forrester Research predicted a greater than 300% increase in investment in artificial intelligence in 2017 compared with 2016. IDC estimated that the AI market will grow from $8 billion in 2016 to more than $47 billion in 2020.
ARTIFICIAL INTELLIGENCE (AI) is everywhere and it's as big a dent in cyberspace as it is in the real world. According to PwC's Global Consumer Insights Survey 2018, AI is making waves in the world of retail. "In some ways, AI is the future of retail," says the report. The report found that 45 percent of store operators intended to increase their use of AI within the next three years to transform their business, improving customer engagement boosting how customer insights are generated from social media. Globally, customers too are adopting AI tools in the home to improve their lifestyle and experience.
You may not be sharing your office with a robot yet, but the next wave of automation has begun. Humanoid service robots, machine learning algorithms and autonomous logistics will replace millions of service workers in the coming decade. Experts are rushing to forecast the likely impact on jobs. But most projections overlook two powerful forces that will combine with automation to reshape the global economy by 2030: rapidly aging populations and rising inequality. The collision of these three forces sets the stage for a 10- to 15-year economic boom followed by a bust.
For organizations with shared service centers (SSCs), decreasing service costs and response times are among the highest priorities. In a 2017 Deloitte report, 73% of respondents reported shared services productivity increases of 5% or more year over year. However, due to the law of diminishing marginal productivity, it will become increasingly difficult for SSCs to continue achieving that goal without a fundamental shift in how they operate. That transformation can be brought about with robotic process automation (RPA) and artificial intelligence (AI). These emerging technologies can help increase productivity levels without compromising quality in SSC operations.
Broadcom is no longer pursuing plans to buy Qualcomm after Trump issued an executive order blocking the $117 billion takeover proposal over fears the deal would "impair the national security of the United States." "Although we are disappointed with this outcome, Broadcom will comply with the Order," the Singapore-based company that's currently in the process of redomiciling to the U.S., said in a press release on Wednesday. Broadcom has been under investigation by the Committee on Foreign Investment in the United States (CFIUS) over concerns the company's buyout of Qualcomm could stifle the chipmaker's development of 5G technologies. Qualcomm is currently one of the largest U.S.-based tech companies investing in research and development of 5G. Had Broadcom purchased it, CFIUS says the acquisition could have led to the U.S. falling behind and China leaping ahead in the race to influence the infrastructure that will connect everything from phones to a network of self-driving cars.