The Abbey Library of St. Gall in Switzerland is home to approximately 160,000 volumes of literary and historical manuscripts dating back to the eighth century--all of which are written by hand, on parchment, in languages rarely spoken in modern times. To preserve these historical accounts of humanity, such texts, numbering in the millions, have been kept safely stored away in libraries and monasteries all over the world. A significant portion of these collections are available to the general public through digital imagery, but experts say there is an extraordinary amount of material that has never been read--a treasure trove of insight into the world's history hidden within. Now, researchers at University of Notre Dame are developing an artificial neural network to read complex ancient handwriting based on human perception to improve capabilities of deep learning transcription. "We're dealing with historical documents written in styles that have long fallen out of fashion, going back many centuries, and in languages like Latin, which are rarely ever used anymore," said Walter Scheirer, the Dennis O. Doughty Collegiate Associate Professor in the Department of Computer Science and Engineering at Notre Dame.

As times change stuff that was once considered to be sustainable becomes lesser relevant. Many factors play their part in this sort of situational change but technological evolution has the greatest role to play. Currently, the world is going through a different sort of economic and business recession period. The global community has been looking forward to the government and financial authorities to rise to the occasion but the operational capacity didn't exist at the moment. The prime reason was that the data collection, its analyses, and formulating actionable strategies were never possible with existing IT systems.

Robots are becoming a ubiquitous presence in factories and warehouses. There are not just "more" robots, they are requiring and establishing a different relationship with human beings, actually I should say with their "co-workers". This is a step in the direction foreseen by the Symbiotic Autonomous Systems Initiative (now merged with the Digital Reality Initiative) with a trend towards a symbioses of humans and machines (take a look at the White Papers published). Nicknamed Chuck, they have been designed by 6 River Systems to cooperate with humans. Chuck follows a human (it can spot the human through tags worn by the worker) and "gives a hand" when needed.

In the previous blog, we learned about the existing innovative AI-powered applications active across leading banking and finance institutes. Now let's take a little deeper glimpse into all the major ways AI can impact these businesses. Here is how companies strategically adopting AI-based solutions for enhanced banking and financial operations are achieving plethora of gains. A few significant areas where these intelligent applications empower the system are:. AI-based apps can effectively contribute to creating strong portfolio for banking individuals.