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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Facebook’s AI accidentally created its own language

Facebook's AI accidentally created its own language

  • The bots — known as “dialog agents” — were creating their own language.
  • Using machine learning algorithms, dialog agents were left to converse freely in an attempt to strengthen their conversational skills.
  • After learning to negotiate, the bots relied on machine learning and advanced strategies in an attempt to improve the outcome of these negotiations.
  • Over time, the bots became quite skilled at it and even began feigning interest in one item in order to “sacrifice” it at at a later stage in the negotiation as a faux compromise.
  • End-to-End Learning for Negotiation Dialogues on Facebook AI Research & Georgia Institute of Technology

    Read next: Quantum entanglement is the future of the internet whether we understand it or not


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2017 will be the year of AI, IoT, chatbots and quitting social media: Telenor

2017 is the year of #AI, #IoT, #chatbots and quitting #socialmedia reports @TelenorGroup.

  • 2017 could be the year that artificial intelligence, the Internet of Things and chatbots go truly mainstream, while millennials may decide to take extended breaks from social media, according to Telenor Group’s Research arm.
  • Telenor Research has published what it sees as the key global tech trends for the coming year, much of which was already hinted at last year – indeed, 2016 was something of a precursor for what Telenor Research believes will continue to materialize and solidify in 2017.
  • “IoT is on our list again for 2017, but we also claim that social media fatigue could be starting to appear, that chatbots are hot, that 5G will show itself in demos and pilot installations long before the standard is ready, and that the ethics of AI will be a hot topic.
  • From sensor technologies, IoT service delivery platforms and services themselves, to radically new business models, 2017 will be a landmark of innovations within the IoT ecosystem.
  • “We’ll experience crucial progress within areas such as AI, IoT and 5G, and in other areas, a possible change in direction as millennials may begin experiencing social media fatigue.

Infographic: 2017 could be the year AI, the IoT and chatbots go mainstream, while millennials may experience social media fatigue, says Telenor Research
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Apps vs. Chatbots: The Fight for the Supply Chain Future

#Apps vs. #Chatbots: The Fight for the Supply Chain Future

 #fintech #AI @GlobalTradeMag

  • All of which is why the current tussle between apps and chatbots is so important to the supply chain.
  • Each Supply Chain Will Need Its Own App or Chatbot

    The internet has evolved into something which is primarily done on mobile.

  • The Shape of Things to Come

    When chatbot developers claim that their product “will completely kill” apps and mobile-friendly websites, they are not making their grand predictions objectively.

  • A more nuanced prediction sees the supply chain advanced by both the development of chatbots and apps at the same time.
  • It’s this broader picture which will change the future of the supply chain, not apps or chatbots by themselves.

The user end of the supply chain has a huge effect on the whole thing. It’s for this reason that the current fight between apps and chatbots is so importan
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3 Reasons why chatbots will be the darling of users

Why #chatbots will be the darling of users

#AI #UX #fintech #insurtech #ecommerce

  • What if I can be focused on my intended action without being distracted.
  • 3 Reasons why chatbots will be the darling of users
  • Chatbots, if used properly, can greatly reduce this clutter and cater to user’s wishes much better.
  • Chatbots have the potential to be real darling of the users.
  • Never miss a story from Chatbot News Daily , when you sign up for Medium.

Since the time Facebook has announced to open up their messenger platform for chatbots, they have been proliferating on the platform. As per a recent announcement by Facebook [1], an army of over…
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CHATBOTS EXPLAINED: Why businesses should be paying attention to the chatbot revolution

#Chatbots Ecosystem Explained: #BigData #DeepLearning #MachineLearning #DataScience #AI

  • We compare the potential of chatbot monetization on a platform like Facebook Messenger against the iOS App Store and Google Play store.
  • CHATBOTS EXPLAINED: Why businesses should be paying attention to the chatbot revolution
  • Chatbots could be lucrative for messaging apps and the developers who build bots for these platforms, similar to how app stores have developed into moneymaking ecosystems.
  • In a new report from BI Intelligence, we explore the growing and disruptive bot landscape by investigating what bots are, how businesses are leveraging them, and where they will have the biggest impact.
  • The chatbot ecosystem is already robust, encompassing many different third-party chat bots, native bots, distribution channels, and enabling technology companies.

In this report, we explore the growing chatbot landscape by investigating what chatbots are, how businesses leverage them, and where they will have the…
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The Coming Battle Between Apps and Chatbots

The chatbot may make apps as we know them obsolete in the next several years. #AI #Tech

  • The idea of using a gatekeeper is not a new one.
  • The chatbot may be giving apps a run for their money.
  • The algorithms in each chatbot would act much in the same way that preinstalled apps do, and would likely have default programmed selections.
  • Chatbots are the future of conversation-based interfaces , and application use is likely to fall behind if apps don’t transform.
  • Individuals and businesses alike stand to benefit from chatbots.

Chatbots are on track to replace search engines, personal assistants, and apps. Apps as we know them may become obsolete in just a few years.
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Chatbots are revolutionizing customer support

Interesting article on how #ChatBot could revolutionize customer support. #AI #startup

  • Anything reducing the need for manpower in customer support is considered a good thing.
  • Above: Bots will help, not hinder, customer support in a company.
  • Although a chatbot can handle basic requests, some of your customers will want to talk to real people and will require complicated support to answer some of their more difficult questions.
  • Customer support is one the most resource-intensive departments in a company.
  • Chatbots are revolutionizing customer support

Customer support is one the most resource-intensive departments in a company. Staff spend their day answering queries, on the telephone with customers, communicating with other departments, and much more. It is also a part of the operation that is hard to link to an ROI.
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8 predictions for A.I. and bots in the next 24 months

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8 predictions for #AI and bots in the next 24 months 

 #fintech @VentureBeat

  • Interaction design in the context of chatbots is as important to get right as interaction design for websites or applications, if not more so.
  • As the chatbot hype subsides, technologies mature, and companies get feedback from customers, the problems that chatbots tackle will become more obvious, and more valuable.
  • In many instances, early chatbots seemed more like technologies in search of problems than customer-centric solutions.
  • Many startups, including my own ( ReplyYes ), are utilizing A.I. and chatbots to help consumers engage with brands through their mobile devices in interesting and creative ways.
  • When companies endeavor to solve problems with A.I. and chatbots, a hybrid approach with a human behind the scenes will be vital for success.

In the last twelve months, we’ve witnessed a huge surge in the development and adoption of chatbots, artificial intelligence (A.I.), and machine learning. Many startups, including my own (ReplyYes), are utilizing A.I. and chatbots to help consumers engage with brands through their mobile devices in interesting and creative ways. Examples include the Domino’s chatbot, which enables customers to order a pizza through Facebook Messenger; the Burberry chatbot for London Fashion Week, which helps customers order products they see on the runway; and Lowercase Alpha, which helps founders and friends of Chris Sacca’s venture capital firm Lowercase discover some of the best new apps in the world.
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