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) …
The connectivity benefits of 5G are expected to make businesses more competitive and give consumers access to more information faster than ever before. Connected cars, smart communities, industrial IoT, healthcare, immersive education--they all will rely on unprecedented opportunities that 5G technology will create. The enterprise market opportunity is driving many telecoms operators' strategies for, and investments in, 5G. Companies are accelerating investment in core and emerging technologies such as cloud, internet of things, robotic process automation, artificial intelligence and machine learning. IoT (Internet of Things), as an example, improving connectivity and data sharing between devices, enabling biometric based transactions; with blockchain, enabling use cases, trade transactions, remittances, payments and investments; and with deep learning and artificial intelligence, utilization of advanced algorithms for high personalization.
All the sessions from Transform 2021 are available on-demand now. There is a significant gap between an organization's ambitions for using artificial intelligence (AI) and the reality of how those projects turn out, Intel chief data scientist Dr. Melvin Greer said in a conversation with VentureBeat founder and CEO Matt Marshall at last week's Transf0rm 2021 virtual conference. One of the key areas is emotional intelligence and mindfulness. The pandemic highlighted this gap: The way people had to juggle home and work responsibilities meant their ability to stay focused and mindful could be compromised, Greer said. This could be a problem when AI is used in a cyberattack, like when someone is trying to use a chatbot or some other adversarial machine learning technique against us. "Our ability to get to the heart of what we're trying to achieve can be compromised when we are not in an emotional state and mindful and present," Greer said.
The surging number of applications being deployed on the cloud in several industries, rapid improvements being made in the internet of things (IoT) domain, advancements in numerous smart applications, and growing popularity of AI software are the major factors driving the expansion of the global edge AI software market. Due to these factors, the market generated $600 million revenue in 2020, and it is expected to exhibit huge expansion during 2021–2030, according to P&S Intelligence. The imposition of lockdowns in several countries to mitigate the spread of the COVID-19 infection negatively impacted the operations of many businesses, but positively impacted the growth of the edge AI software market. The COVID-19 pandemic has facilitated the progress of the medical services sector, with many organizations making huge investments in edge AI software to increase its applications in this sector. Moreover, with the increasing digitalization rate in the medical care and training sectors, the demand for edge AI software is rising sharply.
All the sessions from Transform 2021 are available on-demand now. A global survey published today finds nearly a third (31%) of respondents consider the social impact of bias in models to be AI's biggest challenge. This is followed by concerns about the impact AI is likely to have on data privacy (21%). More troubling, only 10% of respondents said their organization has addressed bias in AI, with another 30% planning to do so sometime in the next 12 months. Conducted by Anaconda, whose platform provides access to curated instances of open source tools for building AI models, the survey of 4,299 individuals includes IT and business professionals, alongside students and academics.
These are some of the outcomes that AI developers fear will come from their work, according to a new report issued today by the Deloitte AI Institute and the U.S. Chamber of Commerce. Titled "Investing in trustworthy AI," the 82-page report from Deloitte and the Chamber Technology Engagement Center sought to identify the concerns that technology experts have when it comes to the adoption of AI, as well as highlight the impact that government investment in AI can have on the emerging technology. Algorithmic bias and a lack of humans in decision loops are concerns for about two-thirds of the 250 people who participated in the survey. Another 60% identified "rogue or unanticipated behavior" of autonomous agents as a threat, while 56% said the lack of explainability of algorithms was a concern. "Perceived, and actual, discrimination by AI systems undermines the confidence individuals have in whether they are being given a fair opportunity when AI is involved," the report stated.
All the sessions from Transform 2021 are available on-demand now. BlueOcean, a software-as-a-service platform that taps AI to deliver brand strategy insights, today announced that it closed a $15 million series A round led by Insight Partners. The company says that the funds will be used to grow its team, deepen existing investments in AI, and build on BlueOcean's existing customer base. The strength of a company's brand directly affects its ability to sell to a customer, acquire talent, and drive shareholder value. According to McKinsey, strong brands consistently outperform the market.
Skymind Future Cities executive director Eow Wan Lin said the company is currently in discussions with Johor to build Skymind Innovation City (SIC) for creating and testing artificial intelligence-powered technologies at Iskandar Malaysia. "Skymind Innovation City will create a platform for enterprises and industries to develop their own AI applications, and equip them with tools to be innovators in the industry by building a stronger AI ecosystem," he said in a statement. He explained that SIC will focus on three main hubs: a Talent Hub for developing a skilled workforce in AI, an Innovation Hub for enabling AI innovators and a Regional R&D Hub for research and development of AI applications. Eow sees SIC as the company's way of supporting Johor's Digital Agenda and innovation programmes to develop a vibrant ecosystem for growth in the digital space. At the recent virtual World AI Conference Shanghai 2021, Johor Mentri Besar Datuk Hasni Mohammad said a robust upskilling and reskilling programme will be set up to ensure that the state is on track to become an AI powerhouse.
All the sessions from Transform 2021 are available on-demand now. The majority of organizations agree that computer vision has the potential to transform key areas of business, but only 10% are using it today. That's according to an IDG survey commissioned by Insight, a business-to-business technology consultancy, which asked 200 IT leaders about their awareness, adoption, and perceptions of computer vision. Computer vision is a type of AI technology that allows machines to understand, categorize, and differentiate between images. Using photos from cameras and videos as well as deep learning components, computer vision can identify and classify objects and then react to what it "sees."
Robots, artificial intelligence (AI) and highly advanced automation systems -- not too long ago, this would sound like a lineup from a science fiction movie, but today there's an entire ecosystem of industries built around these things. Productivity and use cases of these formerly bleeding-edge ideas and technologies has increased as time has passed. As adoption of robots, AI and automation continues to grow there certainly appears to be a unique opportunity for savvy traders to capitalize on. Just in the industrial robotics sector, there has been significant growth with a total of more than 2.7 million robots operating worldwide as of 2020. Smart use and implementation of robotics apparently brought the infamously comfy shoe company Crocs (NASDAQ: CROX) significant success in 2020.