AI technology essential to business, transformative to companies, says report

67% of IT departments are using #AI to detect #security breaches:

  • According to IT Pro Portal, a new study, “Getting Smarter by the Day: How AI is Elevating the Performance of Global Companies” from a global consulting group says that’s because AI technology is becoming entrenched into businesses worldwide.
  • In the study, Tata Consultancy Services said close to 85 percent of companies around the world view AI as an essential part of being competitive in the marketplace.
  • In addition, 50 percent of companies surveyed view AI technology as having a transformative effect on business.
  • “As companies begin to gain a better understanding of AI’s application for business, they will realize the significant impact of this transformative force,” said TCS CTO K. Ananth Krishnan.
  • “This is reflected in our Global Trend Study, which shows that forward-thinking companies are beginning to make major AI investments.”

Tata Consultancy Services says in a report that 85 percent of companies view AI technology as essential to their operations.
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ARM’s latest CPUs are ready for an AI-powered future

ARM's latest CPUs are ready for an AI-powered future

  • That could make for a 1+3 (quad-core) or 1+7 (octacore) layout, where each individual core has its own performance and power characteristics.
  • The claim it’s making is that this setup can improve responsiveness for AI, with a 50x boost in AI performance over the next 3-5 years, and 10x between the (still Cortex-A9) CPU and specialized “accelerator hardware.”

ARM processor technology already powers many of the devices you use every day, and now the company is showing off its plans for the future with DynamIQ. Aimed s…
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Artificial Intelligence Is Changing How We Shop Online

How #AI is changing the way we do our shopping online:

  • These deep learning algorithms have been used in the autonomous driving industry for quite some time, and only now is it beginning to branch out into other industries, such as online shopping.
  • One company that offers machine learning solutions for e-commerce businesses and others is Adobe Marketing Cloud as they recognize the need to make use of AI as early as possible.
  • Andrew Zhai is an engineer working on the visual search side of things at Pinterest, and he said, “For shopping specifically, improvements to online discovery means new ways to find products you’re interested in but may not have the words for.
  • Etsy is also keen to jump onboard with deep learning technology, and just last fall purchased Blackbird Technologies to integrate the firm image recognition and natural language processing into its search function.
  • Some of Adobe’s marketing tools also use deep learning techniques and are used to predict their customer’s shopping behaviors and patterns.

There’s no doubt about it that our future is one that involves artificial intelligence (AI) in a big way. While some companies are faster than others at
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The Future of FinTech, Adena Friedman at Goldman Sachs

The Future of #FinTech - perspective from Goldman Sachs

#AI #blockchain #cloud

  • Some of that evolution should occur as a private company and some can and should occur as a public company.”
  • Finally she noted how to take risks in leadership: “When you’re in a business and you’re running a business, you should make sure you know as much as you can.
  • To disrupt an industry, you need dynamic resources — People, products and services as ambitious as you are.
  • But if I were to pick the one technology that I think will change the industry the most, it’s definitely machine intelligence.”
  • In a wide-ranging interview, Nasdaq’s CEO discusses FinTech, blockchain, private companies and more.

In a wide-ranging interview, Nasdaq’s CEO discusses FinTech, blockchain, private companies and more.
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The Power of Artificial Intelligence is to Make Better Decisions

The Power of Artificial Intelligence is to Make Better Decisions —@byronreese @gigaom #AI

  • According to Accenture, AI will define future customer experience .
  • “The power of AI is the power to make better decisions.
  • Reese shared a historical example of AI and whether AI should be used to make decision.
  • If AI has the power to make better decisions, then any business that has to make decisions, will be able to make more informed and fast decisions.
  • Reese notes that AI in business is really heating up.

Artificial intelligence (AI) is the new UI, according to Accenture’s Technology Vision 2017 report, identifying trends that are essential to business suc…
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The Humans Working Behind the AI Curtain

The Humans Working Behind the AI Curtain  #AI #Startup #Innovation

  • AI will eliminate some work as it opens up opportunities for redefining what work humans do best.
  • The Humans Working Behind the AI Curtain
  • This blend of AI and humans, who follow through when the AI falls short, isn’t going away anytime soon.
  • Contract workers are needed to train algorithms to make some of the most important decisions about content.
  • It turns out the AI, just like humans, struggles to make tough decisions about what content should and should not be included in our daily diets of social media, depending on what criteria or values we want to impose.

The dirty little secret of automation is that people make it possible.
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