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Robot revolution: Most businesses are about to plough cash into artificial intelligence

#artificialintelligence

Nand Kishor is the Product Manager of House of Bots. After finishing his studies in computer science, he ideated & re-launched Real Estate Business Intelligence Tool, where he created one of the leading Business Intelligence Tool for property price analysis in 2012. He also writes, research and sharing knowledge about Artificial Intelligence (AI), Machine Learning (ML), Data Science, Big Data, Python Language etc... ... Nand Kishor is the Product Manager of House of Bots. After finishing his studies in computer science, he ideated & re-launched Real Estate Business Intelligence Tool, where he created one of the leading Business Intelligence Tool for property price analysis in 2012. He also writes, research and sharing knowledge about Artificial Intelligence (AI), Machine Learning (ML), Data Science, Big Data, Python Language etc... Obama's former chief data scientist, DJ Patil, joins Venrock as an adviser today Want to be a millionaire before you turn 25? Study artificial intelligence or machine learning 36756 views Google Artificial Intelligence'Alpha Go Zero' Just Pressed Reset On How To Learn 12852 views


Most businesses are about to plough cash into artificial intelligence

#artificialintelligence

Most businesses are planning to plough cash into artificial intelligence over the next two years as just one in ten leaders believes the UK to be a world leader in digital. Some 85 per cent of the more than 50 organisations surveyed by Deloitte, which collectively are worth more than £200bn, said they will invest in the technology along with the Internet of Things (IoT). AI was identified as potentially the most disruptive technology, though only 22 per cent have invested in it already. By 2020 more than half will put in more than £10m into digital technology, which also includes areas such as robotics, cloud blockchain and virtual and augmented reality, while a third will invest that much this year alone the Digital Disruption Index found. However, that amount is dwarfed by the size of overall IT budgets: a quarter of firms spend more than £75m each year. "The first edition of the index shows that few UK businesses are successfully exploiting digital technologies and ways of working," said Deloitte's digital transformation leaders Paul Thompson.