Demand for artificial intelligence goes global

Demand for artificial intelligence goes global
#AI #MachineLearning #Fintech #ML #tech

  • ‘The financial sector understands the value of innovation and there is real ambition to implement artificial intelligence around the world, especially in Europe and the US’

    Synechron Inc., the global financial services consulting and technology services provider, has announced that nearly 60 financial institutions are set to implement artificial intelligence (AI) technology – with interest spanning across four continents.

  • Currently, 57 financial institutions based in Europe, the US, Middle East and Asia are being helped to adopt AI technology by Synechron: 28% of these firms are based in Europe with UK headquartered institutions accounting for nearly half (45%) of the interest in Europe, and 23% of interest worldwide.
  • >See also: 5 ways AI will impact the global business market in 2017

    A further 26% involve natural language processing or natural language generation.

  • Most (54%) of the interest from the UK is centered on robotic process automation, while 43% of US firms and 30% of firms based on the European continent are interested in adopting natural language processing or natural language generation technology.
  • >See also: Digital investment doubles in the UK, led by IoT and AI

    Faisal Husain, Synechron co-founder and CEO, said: “The financial sector understands the value of innovation and there is real ambition to implement artificial intelligence around the world, especially in Europe and the US.

Demand for artificial intelligence reaches four continents in three months, new figures from Synechron show
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AI Revolution

#AI revolution: 20 key business findings #CIO #CMO

  • To better understand the AI revolution in business, Salesforce Research compiled insights from previous studies, capturing input from 10,800 respondents from sales, services and marketing leaders and 7,000 consumers and business buyers around the globe.
  • AI steps into the business strategy spotlight: while a minority of businesses currently use AI, interest in the technology (machine learning, deep learning, natural language processing, smart data discovery, etc) is pervasive and planned adoption is strong.
  • AI use cases span sales, service, and marketing: AI has the potential to become as ubiquitous as electricity or cloud computing.
  • All lines of business are starting to view AI as technology that can improve customer engagement, improve employee productivity and ultimately accelerate digital transformation and business growth (revenue).
  • The power of AI is the ability to gain more knowledge from data, and to augment sales, service and marketing intelligence to help accelerate and bolster a company’s ability to improve stakeholder (employees, partners and customers) performance and experience.

Artificial Intelligence (AI) could double annual economic growth rates by 2035. – Accenture
According to Accenture, In five years, more than half …
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Prepare for a world without work

Prepare for a world without work 

 #fintech #robotos @nypost #AI

  • In the short term, we need to find roles in which humans can feel productive.
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As we start the year full of good intentions to flourish at work, social scientists are warning that our careers could be over sooner than we expect.

The world is barreling toward what has been dubbed the “post-work economy,” as technology replaces humans at an unprecedented rate.

Driverless cars are set to make millions of truckers and taxi drivers redundant and automated fast food service is poised to shut off a key job sector for young people. As artificial intelligence is increasingly able to carry out complex tasks that used to require humans, large numbers of us are set to find ourselves out of work, with no prospects.

“Many jobs will be destroyed,” futurist Ross Dawson told news.com.au. “We can no longer be sure we’ll have a sufficient amount of the right type of work for people to be employed.”

When should we start panicking?

The experts aren’t sure how soon all this is going to happen, but the shift is taking place faster than predicted. The world of work is now changing more rapidly than during the Industrial Revolution.

Dawson says we can expect more “big hits” in the near future, like the one seen in October when 600 manufacturing workers lost their jobs after Ford closed its Australian factories.

Futurist Chris Riddell told news.com.au that over the next three years, “innovation and disruption will exceed anything we’ve seen to date.”

With high-speed “hyperloop” transport and augmented reality gaining traction, the pace of change is accelerating, but Riddell believes “things are going to get very messy before they get sophisticated.”

How will we survive?

Governments are already in discussions over how we can stay relevant in a world where tech has overtaken the human brain.

The shift toward a huge portion of the population being unemployed will create a string of problems. In terms of finances, we may have to introduce a Universal Basic Income (UBI): a trendy concept being tested in Finland, the Netherlands and Canada, in which every citizen is paid a flat wage, whether they are employed or not.

The idea of a “mincome” (minimum income) is controversial because it is unclear whether it would be more cost-effective than our current welfare system. But if the majority of the population is on the dole, our view on taxing workers to fund the unemployed may have to change.

Will life be one long party?

You may be thinking this all sounds great. Our lives will run smoothly with the help of super-intelligent technology, we won’t be expected to find jobs, and we’ll still earn money.

Technology should remove mundane tasks and allow us to focus on the kind of lifestyles we want.

But Dawson warns the shift could open up a wider chasm between the elite who work and those who do not, since we typically define our worth by what we do.

“This will accelerate the potential for a divide,” he says. “And the polarization of wealth.”

Since we all want to feel valued, we will need to find a way to give people a purpose outside of work, in other aspects of society.

Where will we find purpose?

Some of the greatest minds of the 21st century, Tesla founder Elon Musk and physicist Stephen Hawking, recently wrote an open letter warning of the need to stay abreast of artificial intelligence for fear robots could literally take over our world.

In the short term, we need to find roles in which humans can feel productive. This requires looking at where we still outstrip machines: in expertise, creativity and relationships, for example.

One of Australia’s most potent offerings is world-class eduction, according to Dawson. We have the ability to take a leading role in making sure schools are preparing for the radically different world of the future, and exporting adult education to the world.

As computers become more sophisticated, our abilities at things like mental arithmetic and handwriting are eroding, so it will be vital for us to exercise our motor skills and stay physically and mentally engaged.
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A Guide to Four Technologies Disrupting Legal Tech

A Guide to Four Technologies Disrupting Legal Tech | #Analytics #MachineLearning #RT

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  • A Guide to Four Technologies Disrupting Legal Tech
  • Legal professionals have long been ambivalent toward technology.
  • Guiding legal technology’s transition from esoteric to standard are four technologies: blockchain, machine learning, the cloud, and analytics.
  • In the past year, four technologies are turning the heads of law firm and corporate law leaders, all pressed for reducing costs while delivering results of the highest quality.

Guiding legal technology’s transition from esoteric to standard are four technologies: blockchain, machine learning, the cloud, and analytics.
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Experts Predict: “By 2040 More Crime Will Be Committed by Machines Than by Humans”

Experts Predict:

  • Experts Predict: “By 2040 More Crime Will Be Committed by Machines Than by Humans”
  • Expert predicts that 35 percent of jobs now done by humans could be replaced by robots in the future, increasing the potential for AI crime.
  • While most machines powered by AI are programmed to do specific jobs, these technological wonders could also be commanded to learn.
  • In an interview with Raconteur , chief strategy and innovation officer for The Future Laboratory Tracey Fellows predicts that 35 percent of jobs currently done by humans could be taken over by robots one day, and those would include jobs that are either tedious or dangerous, saving innumerable hours and lives.
  • With the Internet of Things integrating tech into our daily lives more and more, the widespread use of artificial intelligence could bring with it more AI-powered crime.

With the Internet of Things integrating tech into our daily lives more and more, the widespread use of artificial intelligence could bring with it more AI-powered crime. Expert predicts that 35 percent of jobs now done by humans could be replaced by robots in the future, increasing the potential for AI crime.
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Billionaire TV

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@ceobillionaire: “The “da Vinci” Program. More: #AI #DeepLearning #SuperIntelligence”


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Real Robots Of The Next 5 Years

The Real Robots Of The Next 5 Years   #robotics #AI #Wearables #IoT RT @mounirzok

  • The company uses real robots that lift the frames of the cars with Herculean might.
  • The company uses robots to help with any imaginable tasks.
  • As the last task to complete its job, the Prospero robot will cover the seed with soil and mark the spot in its database, to let the other robots know that he was there.
  • I’ve put together a few examples of how the real robots are going to help us.
  • So let’s recap a bit We already have real robots running the factories.

Read the full article, click here.


@TamaraMcCleary: “The Real Robots Of The Next 5 Years #robotics #AI #Wearables #IoT RT @mounirzok”


We’ve put together a few examples of how real robots are already helping us and why we shouldn’t be afraid of them. These are the real robots of the future.


Real Robots Of The Next 5 Years