The Role of Artificial Intelligence in Growing Business

  • While the merits of providing everyone with a minimum income have been debated for many years, the practicality of the government providing it to the people has been non-existent at least until recently.
  • This is because the many services that government provides already, including welfare, healthcare, and the like are taking up so much in terms of money that simply providing every person with a minimum income seems like a simpler solution.
  • What was once limited to science fiction, Artificial Intelligence (AI) has now become a part of the internet in helping businesses grow.
  • For those in the low-income bracket, the future looks bright thanks to the many avenues available to help people make money through Microsoft, Google, Tesla, and other companies dedicated to providing economic access to the power.
  • Big online companies such as Google and Microsoft for example can use their considerable pull to provide the following;

    While the idea of a secure, minimum income has been around for several decades, it may come true thanks to the internet and the ability of large online companies to provide opportunities for millions of people who otherwise would be limited in how they could earn a living.

How Can We Guarantee a Secure Minimum Income for Everyone? How can it be achieved without damaging the fabric of society?Explore the answers in my article.
Continue reading “The Role of Artificial Intelligence in Growing Business”

The Role of Artificial Intelligence in Growing Business

  • While the merits of providing everyone with a minimum income have been debated for many years, the practicality of the government providing it to the people has been non-existent at least until recently.
  • This is because the many services that government provides already, including welfare, healthcare, and the like are taking up so much in terms of money that simply providing every person with a minimum income seems like a simpler solution.
  • What was once limited to science fiction, Artificial Intelligence (AI) has now become a part of the internet in helping businesses grow.
  • For those in the low-income bracket, the future looks bright thanks to the many avenues available to help people make money through Microsoft, Google, Tesla, and other companies dedicated to providing economic access to the power.
  • Big online companies such as Google and Microsoft for example can use their considerable pull to provide the following;

    While the idea of a secure, minimum income has been around for several decades, it may come true thanks to the internet and the ability of large online companies to provide opportunities for millions of people who otherwise would be limited in how they could earn a living.

How Can We Guarantee a Secure Minimum Income for Everyone? How can it be achieved without damaging the fabric of society?Explore the answers in my article.
Continue reading “The Role of Artificial Intelligence in Growing Business”

Accenture Research: AI Boosts Industry Profits

Artificial Intelligence (#AI) on average can boost company profits by 38% —@pauldaugh

  • — Accenture Research

    The above key findings was derived from comprehensive new research on the potential economic impact of artificial intelligence (AI) in GVA, a close approximation of GDP that accounts for the value of goods and services produced, developed by Accenture Research in collaboration with Frontier Economics.

  • Here are 10 significant takeaways from the new Accenture Research on AI and its potential economic impact:

    1.

  • To prepare for a successful future with AI, business leaders should consider the following eight strategies:

    To further understand the economic impact of AI, Salesforce commissioned a report from IDC on how AI-powered CRM – the fastest growing and soon-to-be largest category of enterprise software – will impact GDP growth and the job market.

  • Here are the key findings:

    Here’s the link to Accenture’s full AI research report.

  • The report found that AI could double annual economic growth rates by 2035 and boost labor productivity by up to 40 percent by fundamentally changing the way work is done.

“Businesses that successfully apply artificial intelligence (AI) could increase profitability by an average of 38 percent by 2035. The introduction of AI…
Continue reading “Accenture Research: AI Boosts Industry Profits”

Accenture Research: AI Boosts Industry Profits

Artificial Intelligence (#AI) on average can boost company profits by 38% —@Accenture

  • — Accenture Research

    The above key findings was derived from comprehensive new research on the potential economic impact of artificial intelligence (AI) in GVA, a close approximation of GDP that accounts for the value of goods and services produced, developed by Accenture Research in collaboration with Frontier Economics.

  • Here are 10 significant takeaways from the new Accenture Research on AI and its potential economic impact:

    1.

  • To prepare for a successful future with AI, business leaders should consider the following eight strategies:

    To further understand the economic impact of AI, Salesforce commissioned a report from IDC on how AI-powered CRM – the fastest growing and soon-to-be largest category of enterprise software – will impact GDP growth and the job market.

  • Here are the key findings:

    Here’s the link to Accenture’s full AI research report.

  • The report found that AI could double annual economic growth rates by 2035 and boost labor productivity by up to 40 percent by fundamentally changing the way work is done.

“Businesses that successfully apply artificial intelligence (AI) could increase profitability by an average of 38 percent by 2035. The introduction of AI…
Continue reading “Accenture Research: AI Boosts Industry Profits”

Machine Learning In Laymen’s Terms

#MachineLearning In Laymen's Terms -  #ArtificialIntelligence #AI

  • Industry experts are predicting that the combination of Machine learning and hence AI and Internet of Things (IoT) will be the new technological era setter and the businesses, startups, governments etc. will invest huge numbers in the same.
  • I am addicted to this game, and I realized that the particular game is the best way to narrate “What Machine Learning is” with a Layman’s level of knowledge.
  • Let’s see Paper Toss example in Machine and Non-Machine Learning approach.
  • Now, if you add the wind flow using a fan in the system, the system will continuously miss the target because the force and the angle of projection are pre-set using a formula that works only for a particular condition.
  • The most accepted technical definition of Machine Learning is

    “A computer program is said to learn from experience E with respect to some task T and some performance measure P, if its performance on T, as measured by P, improves with experience E.” — Tom Mitchell, Carnegie Mellon University.

Machine Learning A Laymans Understanding.
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Consumers confused about artificial intelligence: Study, IT News, ET CIO

Consumers confused about artificial intelligence: Study  #Analytics

  • New Delhi, Most customers are confused about the use of artificial intelligence (AI) and are, therefore, reluctant to embrace this new technology, a study said on Friday.Released by US-based software firm Pegasystems, it revealed that these fears are often eased once the users gain firsthand AI experience — which ironically many enjoy without even realising it.
  • “Our study suggests the recent hype is causing some confusion and fear among consumers, who may not really understand how it’s already being used and helping them every day,” said Don Schuerman, Vice President (Product Marketing) Pegasystems.The study that involved 6,000 customers in six countries found that consumers were hesitant to fully embrace AI devices and services.
  • “Only 36 per cent are comfortable with businesses using AI to engage with them.
  • Almost 72 per cent express some sort of fear about AI,” the study found.Twenty four per cent of respondents even worried about robots taking over the world.Interestingly, 34 per cent of respondents said they had directly experienced AI but when asked about the technologies they used it was revealed that 84 per cent actually used at least one AI-powered service or device.Seventy two per cent respondents confidently claimed they understood AI but very few could correctly define it.
  • “Though AI has been around for more than 30 years, it has now evolved to the point that businesses can engage with each individual consumer on a real-time, one-to-one basis,” Schuerman said.Businesses need to focus on using AI to develop applications that provide real value for customers to improve their experiences rather than overhyping the technology itself, the findings suggested.

Most customers are confused about the use of artificial intelligence (AI) and are, therefore, reluctant to embrace this new technology, a study said o..
Continue reading “Consumers confused about artificial intelligence: Study, IT News, ET CIO”

Nearly 1 in 4 fear robots taking over the world

Nearly 1 in 4 fear robots taking over the world  #robotics #AI MT @HopeFrank

  • The Pegasystems survey of 6,000 customers across six countries found that close to three quarters (68%) of Brits express some sort of fear about AI, with almost one quarter (23%) worried about robots taking over the world.
  • Further findings revealed the potential impact of these deep-rooted fears on businesses, with less than one in three (28%) of British consumers comfortable with businesses using AI to engage with them.
  • Robots and AI were also found to confuse consumers, with the survey exposing a basic misunderstanding of AI.
  • Less than a quarter (23%) of UK consumers who report no AI experience feel at ease with businesses using AI to engage with them.
  • But for UK AI consumer veterans, this number jumps to 56% – a full 33 points higher.

A Pegasystems survey has revealed the extent of consumer AI fears, with almost one quarter (23%) of Brits were worried about robots taking over the world.
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