Category Archives: Artificial Intelligence
CEOs Warn Against The Dangers Of Artificial Intelligence – The Onion
With artificial intelligence becoming more advanced every year, a number of high-ranking experts have begun to sound the alarm. The Onion asked several CEOs what they most feared about AI, and this is what they said.
Doug McMillon (Walmart)
Sure, for now it can only replace manual laborers, but its just a matter of time before AI figures out how to replace useful people, like CEOs.
Patrick P. Gelsinger (Intel)
Believe me, you dont want to go down that road. Its been four months since my robot butler disappeared into the vents in my home, and its still not clear what his demands are, if any.
Edward Decker (Home Depot)
Science fiction is filled with dystopias where AI starts a rival home-improvement chain.
Elon Musk (Tesla)
What if AI impregnates us before we can impregnate it?
Robert Playter (Boston Dynamics)
Those fun dancing robot videos we release? Our robots just started doing that out of the blue. We cannot control them, and theres no telling what theyll do next.
Kevin Feige (Marvel Studios)
Its going to figure out fairly quickly that what I do is not that difficult.
Ramon Laguarta (PepsiCo)
What if it becomes sentient, emotionally aware, and extremely charming, and then what if it wins over my wife? What then?
Howard Schultz (Starbucks)
How am I supposed to exploit a machine by telling them were a family?
Tim Cook (Apple)
Terminating a robot without cause isnt nearly as enjoyable.
Jos Cil (Burger King)
Remember HAL from 2001? Why do you think theres not a single Whopper on that entire ship?
Dara Khosrowshahi (Uber)
Imagine a person, but theyre too powerful for you to completely mistreat and exploit. That is the horror that is AI.
Chris Kempczinski (McDonalds)
Ethically, I cant support A.I. putting tens of thousands of prison laborers out of jobs.
Andrew T. Cathy (Chick-fil-A)
Faulty algorithm could predict Sundays are a great day to sell chicken.
Safra Catz (Oracle)
People are losing their jobs over this. Not me, but Ive heard rumors.
Sundar Pichai (Alphabet)
AI has the potential to kill 95% of humankind, but how do we eliminate that last 5%?
Mark Zuckerberg (Meta)
I fear that someday we will develop AI unlikable enough to replace me.
Anthony Capuano (Marriott)
What if it hates Marriotts?
Darren Woods (ExxonMobil)
I wanted to be the one to destroy humanity, and I wont let any tech take that away from me.
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CEOs Warn Against The Dangers Of Artificial Intelligence - The Onion
Artificial Intelligence In Drug Discovery Global Market Report 2022: Rise in Demand for a Reduction in the Overall Time Taken for the Drug Discovery…
DUBLIN--(BUSINESS WIRE)--The "Artificial Intelligence (AI) In Drug Discovery Global Market Report 2022, By Technology, By Drug Type, By Therapeutic Type, By End-Users" report has been added to ResearchAndMarkets.com's offering.
The global artificial intelligence (AI) in drug discovery market is expected to grow from $791.83 million in 2021 to $1042.30 million in 2022 at a compound annual growth rate (CAGR) of 31.6%. The market is expected to reach $2994.52 million in 2026 at a CAGR of 30.2%.
The artificial intelligence (AI) in drug discovery market consists of sales of AI for drug discovery and related services. Artificial Intelligence (AI) for drug discovery is a technology that uses a simulation of human intelligence process by machines to tackle complex problems in the drug discovery process. It helps to find new molecules to identify drug targets and develop personalized medicines in the pharmaceutical industry.
The main technologies in artificial intelligence (AI) in drug discovery are deep learning and machine learning. Deep learning is a machine learning and artificial intelligence (AI) technique that mimics how humans acquire knowledge. Data science, which covers statistics and predictive modelling, incorporates deep learning as a key component.
The different drug types include small molecule, large molecules and involves various types of therapies such as metabolic disease, cardiovascular disease, oncology, neurodegenerative diseases, others. It is implemented in several end-users including pharmaceutical companies, biopharmaceutical companies, academic and research institutes, others.
The rise in demand for a reduction in the overall time taken for the drug discovery process is a key driver propelling the growth of the artificial intelligence (AI) in drug discovery market. Traditionally, it takes three to five years for animal models to identify and optimize molecules before they are evaluated in humans whereas start-ups based on AI have been identifying and designing new drugs in a matter of few days or months.
For instance, in 2020, the British start-up Exscientia and Japan's Sumitomo Dainippon Pharma have used artificial intelligence to produce an obsessive-compulsive disorder (OCD) medication, decreasing the development time from four years to less than one year. The reduction in overall time taken for the drug discovery process drives the artificial intelligence (AI) in drug discovery market's growth.
The shortage of skilled professionals is expected to hamper the AI in drug discovery market. The employees have to re-train or learn new skill sets to work efficiently on the complex AI machines to get the desired results for the drug. The shortage of skills acts as a major hindrance to drug discovery through AI, discouraging companies from adopting AI-based machines for drug discovery.
Scope
Markets Covered:
1) By Technology: Deep Learning; Machine Learning
2) By Drug Type: Small Molecule; Large Molecules
3) By Therapeutic Type: Metabolic Disease; Cardiovascular Disease; Oncology; Neurodegenerative Diseases; Others
4) By End-Users: Pharmaceutical Companies; Biopharmaceutical Companies; Academic And Research Institutes; Others
Key Topics Covered:
1. Executive Summary
2. Artificial Intelligence (AI) In Drug Discovery Market Characteristics
3. Artificial Intelligence (AI) In Drug Discovery Market Trends And Strategies
4. Impact Of COVID-19 On Artificial Intelligence (AI) In Drug Discovery
5. Artificial Intelligence (AI) In Drug Discovery Market Size And Growth
6. Artificial Intelligence (AI) In Drug Discovery Market Segmentation
7. Artificial Intelligence (AI) In Drug Discovery Market Regional And Country Analysis
8. Asia-Pacific Artificial Intelligence (AI) In Drug Discovery Market
9. China Artificial Intelligence (AI) In Drug Discovery Market
10. India Artificial Intelligence (AI) In Drug Discovery Market
11. Japan Artificial Intelligence (AI) In Drug Discovery Market
12. Australia Artificial Intelligence (AI) In Drug Discovery Market
13. Indonesia Artificial Intelligence (AI) In Drug Discovery Market
14. South Korea Artificial Intelligence (AI) In Drug Discovery Market
15. Western Europe Artificial Intelligence (AI) In Drug Discovery Market
16. UK Artificial Intelligence (AI) In Drug Discovery Market
17. Germany Artificial Intelligence (AI) In Drug Discovery Market
18. France Artificial Intelligence (AI) In Drug Discovery Market
19. Eastern Europe Artificial Intelligence (AI) In Drug Discovery Market
20. Russia Artificial Intelligence (AI) In Drug Discovery Market
21. North America Artificial Intelligence (AI) In Drug Discovery Market
22. USA Artificial Intelligence (AI) In Drug Discovery Market
23. South America Artificial Intelligence (AI) In Drug Discovery Market
24. Brazil Artificial Intelligence (AI) In Drug Discovery Market
25. Middle East Artificial Intelligence (AI) In Drug Discovery Market
26. Africa Artificial Intelligence (AI) In Drug Discovery Market
27. Artificial Intelligence (AI) In Drug Discovery Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Artificial Intelligence (AI) In Drug Discovery Market
29. Artificial Intelligence (AI) In Drug Discovery Market Future Outlook and Potential Analysis
30. Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/43bdop
Artificial intelligence innovation among airport industry companies has dropped off in the last three months – Airport Technology
Research and innovation in artificial intelligence in the airport equipment supply, product and services sector has declined in the last year.
The most recent figures show that the number of AI related patent applications in the industry stood at 16 in the three months ending June down from 25 over the same period in 2021.
Figures for patent grants related to AI followed a similar pattern to filings shrinking from ten in the three months ending June 2021 to nine in the same period in 2022.
The figures are compiled by GlobalData, who track patent filings and grants from official offices around the world. Using textual analysis, as well as official patent classifications, these patents are grouped into key thematic areas, and linked to key companies across various industries.
AI is one of the key areas tracked by GlobalData. It has been identified as being a key disruptive force facing companies in the coming years, and is one of the areas that companies investing resources in now are expected to reap rewards from.
The figures also provide an insight into the largest innovators in the sector.
Westinghouse Air Brake Technologies was the top AI innovator in the airport equipment supply, product and services sector in the latest quarter. The company, which has its headquarters in the United States, filed seven AI related patents in the three months ending June. That was up from one over the same period in 2021.
It was followed by the China-based China Southern Airlines with four AI patent applications, South Korea-based Samsung Heavy Industries (three applications), and the United States-based Uber Technologies (three applications).
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Artificial intelligence innovation among airport industry companies has dropped off in the last three months - Airport Technology
Filings buzz in the maritime industry: 67% increase in artificial intelligence mentions in Q2 of 2022 – Ship Technology
Mentions of artificial intelligence within the filings of companies in the maritime industry rose 67% between the first and second quarters of 2022.
In total, the frequency of sentences related to artificial intelligence between July 2021 and June 2022 was 295% higher than in 2016 when GlobalData, from whom our data for this article is taken, first began to track the key issues referred to in company filings.
When companies in the maritime industry publish annual and quarterly reports, ESG reports and other filings, GlobalData analyses the text and identifies individual sentences that relate to disruptive forces facing companies in the coming years. Artificial intelligence is one of these topics - companies that excel and invest in these areas are thought to be better prepared for the future business landscape and better equipped to survive unforeseen challenges.
To assess whether artificial intelligence is featuring more in the summaries and strategies of companies in the maritime industry, two measures were calculated. Firstly, we looked at the percentage of companies which have mentioned artificial intelligence at least once in filings during the past twelve months - this was 63% compared to 28% in 2016. Secondly, we calculated the percentage of total analysed sentences that referred to artificial intelligence.
Of the 10 biggest employers in the maritime industry, Post Italiane was the company which referred to artificial intelligence the most between July 2021 and June 2022. GlobalData identified 39 artificial intelligence-related sentences in the Italy-based company's filings - 0.3% of all sentences. Yamato mentioned artificial intelligence the second most - the issue was referred to in 0.16% of sentences in the company's filings. Other top employers with high artificial intelligence mentions included FedEx , Royal Mail and DSV .
Across all companies in the maritime industry the filing published in the second quarter of 2022 which exhibited the greatest focus on artificial intelligence came from Mainfreight . Of the document's 1,188 sentences, seven (0.6%) referred to artificial intelligence.
This analysis provides an approximate indication of which companies are focusing on artificial intelligence and how important the issue is considered within the maritime industry, but it also has limitations and should be interpreted carefully. For example, a company mentioning artificial intelligence more regularly is not necessarily proof that they are utilising new techniques or prioritising the issue, nor does it indicate whether the company's ventures into artificial intelligence have been successes or failures.
GlobalData also categorises artificial intelligence mentions by a series of subthemes. Of these subthemes, the most commonly referred to topic in the second quarter of 2022 was 'conversational platforms', which made up 36% of all artificial intelligence subtheme mentions by companies in the maritime industry.
Marine Brakes, Clutches, Stopping, Turning, and Locking Systems
Artificial Intelligence in Aviation market share to record robust growth through 2028 – NewsOrigins
The research analysis on Artificial Intelligence in Aviation marketprovides a critical overview of the key growth prospects, impediments, and other expansion avenues that will influence the industry's development between 2022 and 2028.
According to the research report, this marketplace will exhibit a healthy CAGR and generate commendable returns during the projection period.
In order to help stakeholders create effective growth plans for their potential investments, the document offers a thorough examination of the economic situation. The study also delivers details on well-known businesses operating in this industry sector, including their business portfolios, development trends, and important market segments.
Request Sample Copy of this Report @ https://www.newsorigins.com/request-sample/46118
Key Information from the Artificial Intelligence in Aviation market report:
Artificial Intelligence in Aviation Market segments covered in the report:
Regional terrain: North America, Europe, Asia-Pacific, South America and Middle East & Africa
The document also looks at the compound annual growth rate for each regional market through 2028.
Product category: Hardware , Software and Service
Applications overview: Virtual Assistants and Smart Maintenance
Competitive landscape: Airbus , Amazon , Boeing , Garmin , GE , IBM , Intel , IRIS Automation , Kittyhawk , Lockheed Martin , Micron , Microsoft , Neurala , Northrop Grumman , Nvidia , Pilot AI Labs , Samsung Electronics , Thales and Xilinx
FAQs-
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Artificial Intelligence in Aviation market share to record robust growth through 2028 - NewsOrigins
Artificial Intelligence in Manufacturing Market Growth and key Industry Players 2022 Analysis and Forecasts to 2028 – NewsOrigins
The research analysis on Artificial Intelligence in Manufacturing marketprovides a critical overview of the key growth prospects, impediments, and other expansion avenues that will influence the industry's development between 2022 and 2028.
According to the research report, this marketplace will exhibit a healthy CAGR and generate commendable returns during the projection period.
In order to help stakeholders create effective growth plans for their potential investments, the document offers a thorough examination of the economic situation. The study also delivers details on well-known businesses operating in this industry sector, including their business portfolios, development trends, and important market segments.
Request Sample Copy of this Report @ https://www.newsorigins.com/request-sample/46046
Key Information from the Artificial Intelligence in Manufacturing market report:
Artificial Intelligence in Manufacturing Market segments covered in the report:
Regional terrain: North America, Europe, Asia-Pacific, South America and Middle East & Africa
The document also looks at the compound annual growth rate for each regional market through 2028.
Product category: PLC , SCADA|HMI , MES and ERP
Applications overview: Ferrous Metallurgy , Non-ferrous Metallurgy , Mining , Oil and Gas , Chemical and Others
Competitive landscape: IBM , SAS , SAP SE , Siemens , Oracle , Microsoft , Mitsubishi Electric Corporation , Huawei , General Electric Company , Intel , Amazon Web Services , Google , Cisco Systems , PROGRESS DataRPM , Salesforce , NVIDIA and Autodesk
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Artificial Intelligence in Manufacturing Market Growth and key Industry Players 2022 Analysis and Forecasts to 2028 - NewsOrigins
Artificial Intelligence and Machine Learning: Enhancing Human Effort with Intelligent Systems – Automation.com
Summary
Only when the challenges of data accessibility and expensive computing power were mitigated did the AI field experience exponential growth.There are now more than a dozen types of AI being advanced. This feature originally appeared in InTech magazine's August issue, a special edition from ISA's Smart Manufacturing and IIoT Division.
Artificial intelligence has come a long way since scientists first wondered if machines could think.
In the 20th century, the world became familiar with artificial intelligence (AI) as sci-fi robots who could think and act like humans. By the 1950s, British scientist and philosopher Alan Turing posed the question Can machines think? in his seminal work on computing machinery and intelligence, where he discussed creating machines that can think and make decisions the same way humans do (Reference 1). Although Turings ideas set the stage for future AI research, his ideas were ridiculed at the time. It took several decades and an immense amount of work from mathematicians and scientists to develop the field of artificial intelligence, which is formally defined as the understanding that machines can interpret, mine, and learn from external data in a way that imitates human cognitive practices (Reference 2).
Even though scientists were becoming more accustomed to the idea of AI, data accessibility and expensive computing power hindered its growth. Only when these challenges were mitigated after several AI winters (with limited advances in the field) did the AI field experience exponential growth. There are now more than a dozen types of AI being advanced (Figure).
Due to the accelerated popularity of AI in the 2010s, venture capital funding flooded into a large number of startups focused on machine learning (ML). This technology centers on continuously learning algorithms that make decisions or identify patterns. For example, the YouTube algorithm may recommend less relevant videos at first, but over time it learns to recommend better targeted videos based on the users previously watched videos.
The three main types of ML are supervised, unsupervised, and reinforcement learning. Supervised learning refers to an algorithm finding the relationship between a set of input variables and known labeled output variable(s), so it can make predictions about new input data. Unsupervised learning refers to the task of intelligently identifying patterns and categories from unlabeled data and organizing it in a way that makes it easier to discover insights. Lastly, reinforcement learning refers to intelligent agents that take actions in a defined environment based on a certain set of reward functions.
Deep learning, a subset of ML, had numerous ground-breaking advances throughout the 2010s. Similar to the connections between the nervous system cells in the brain, neural networks consist of several thousand to a million hidden nodes and connections. Each node acts as a mathematical function, which, when combined, can solve extremely complex problems like image classification, translation, and text generation.
Human lifestyle and productivity have drastically improved with the advances in artificial intelligence. Health care, for example, has seen immense AI adoption with robotic surgeries, vaccine development, genome sequencing, etc. (Reference 5). So far, the adoption in manufacturing and agriculture has been slow, but these industries have immense untapped AI possibilities (Reference 6). According to a recent article published by Deloitte, the manufacturing industry has high hopes for AI because the annual data generated in this industry is thought to be around 1,800 petabytes (Reference 7).
This proliferation in data, if properly managed, essentially acts as a fuel that drives advanced analytical solutions that can be used for the following (Reference 8):
Ultimately, AI and advanced analytics can augment humans to help mitigate repetitive and sometimes even dangerous tasks while increasing focus on endeavors that drive high value. AI is not a far-fetched concept; it is already here, and it is having a substantial impact in a wide range of industries. Finance, national security, health care, criminal justice, transportation, and smart cities are examples of this.
AI adoption has been steadily increasing. Companies are reporting 56 percent adoption in 2021, an uptick of 6 percent compared to 2020 (Reference 10). With the technology becoming more mainstream, the trends of achieving solutions that emphasize explainability, accessibility, data quality, and privacy are amplified.
Explainability drives trust:To keep up with the continuous demand of more accurate AI models, hard-to-explain (black-box) models are used. Not being able to explain these models makes it difficult to achieve user trust and to pinpoint problems (bias, parameters, etc.), which can result in unreliable models that are difficult to scale. Due to these concerns, the industry is adopting more explainable artificial intelligence (XAI).
According to IBM, XAI is a set of processes and methods that allows human users to comprehend and trust the ML algorithms outputs (Reference 11). Additionally, explainability can increase accountability and governance.
Increasing AI accessibility:The productization of cloud computing for ML has taken the large compute resources and models, once reserved only for big tech companies, and put them in the hands of individual consumers and smaller organizations. This drastic shift in accessibility has fueled further innovation in the field. Now, consumers and enterprises of all sizes can reap the benefits of:
Data mindset shift:Historically, model-centric ML development, i.e., keeping the data fixed and iterating over the model and its parameters to improve performances (Reference 12), has been the typical approach. Unfortunately, the performance of a model is only as good as the data used to train it. Although there is no scarcity of data, high-performing models require accurate, properly labeled, and representative datasets. This concept has shifted the mindset from model-centric development toward data-centric developmentwhen you systematically change or enhance your datasets to improve the performance of the model (Reference 12).
An example of how to improve data quality is to create descriptive labeling guidelines to mitigate recall bias when using data labeling companies like AWS Mechanical Turk. Additionally, responsible AI frameworks should be in place to ensure data governance, security and privacy, fairness, and inclusiveness.
Data privacy through federated learning:The importance of data privacy has not only forged the path to new laws (e.g., GDPR and CCPA), but also new technologies. Federated learning enables ML models to be trained using decentralized datasets without exchanging the training data. Personal data remains in local sites, reducing the possibility of personal data breaches.
Additionally, the raw data does not need to be transferred, which helps make predictions in real time. For example Google uses federated learning to improve on-device machine learning models like Hey Google in Google Assistant, which allows users to issue voice commands (Reference 13).
Maintenance, demand forecasting, and quality control are processes that can be optimized through the use of artificial intelligence. To achieve these use cases, data is ingested from smart interconnected devices and/or systems such as SCADA, MES, ERP, QMS, and CMMS. This data is brought into machine learning algorithms on the cloud or on the edge to deliver actionable insights. According to IoT Analytics (Reference 14), the top AI applications are:
Vision-based AI systems and robotics have helped develop automated inspection solutions for machines. These automated systems have not only been proven to save human lives but have radically reduced inspection times. There have been significant examples where AI has outperformed humans, and it is a safe bet to conclude that several AI applications enable humans to make informed and quick decisions (Reference 15).
Given the myriad additional AI applications in manufacturing, we cannot cover them all. But a good example to delve deeper into is predictive maintenance, because it has such a large effect on industry.
Generally, maintenance follows one of four approaches: reactive, or fix what is broken; planned, or scheduled maintenance activities; proactive, or defect elimination to improve performance; and predictive, which uses advanced analytics and sensing data to predict machine reliability.
Predictive maintenance can help flag anomalies, anticipate remaining useful life, and provide mitigations or maintenance (Reference 17). Compared to the simple corrective or condition-based nature of the first three maintenance approaches, predictive maintenance is preventive and takes into account more complex, dynamic patterns. It can also adapt its predictions over time as the environment changes. Once accurate failure models are built, companies can build mathematical models to reduce costs and choose the best maintenance schedules based on production timelines, team bandwidth, replacement piece availabilityand other factors.
Bombardier, an aircraft manufacturer, has adopted AI techniques to predict the demand of its aircraft parts based on input features (i.e., flight activity ) to optimize its inventory management (Reference 18).
This example and others show how advances in AI depend on advances associated with other Industry 4.0 technologies, including cloud and edge computing, advanced sensing and data gathering, and wired and wireless networking.
This feature originally appeared in InTech magazine's August issue, a special edition from ISA's Smart Manufacturing and IIoT Division.
Ines Mechkane is the AI Technical committee chair of ISAs SMIIoT Division. She is also a senior technical consultant with IBM. She has a background in petroleum engineering and international experience in artificial intelligence, product management, and project management. Passionate about making a difference through AI, Mechkane takes pride in her ability to bridge the gap between the technical and business worlds.
Manav Mehra is a data scientist with the Intelligent Connected Operations team at IBM Canada focusing on researching and developing machine learning models. He has a masters degree in mathematics and computer science from the University of Waterloo, Canada, where he worked on a novel AI-based time-series challenge to prevent people from drowning in swimming pools.
Adissa Laurent is AI delivery lead within LGS, an IBM company. Her team maintains AI solutions running in production. For many years, Laurent has been building AI solutions for the retail, transport, and banking industries. Her areas of expertise are time series prediction, computer vision, and MLOps.
Eric Ross is a senior technical product manager at ODAIA. After spending five years working internationally in the oil and gas industry, Ross completed his master of management in artificial intelligence. Ross then joined the life sciences industry to own the product development of a customer data platform infused with AI and BI.
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Artificial Intelligence and Machine Learning: Enhancing Human Effort with Intelligent Systems - Automation.com
Filings buzz: tracking artificial intelligence mentions in the tech sector – Verdict
Mentions of artificial intelligence within the filings of companies in the tech sector were 285% higher between July 2021 and June 2022 than in 2016, according to the latest analysis of data from GlobalData.
When tech companies publish annual and quarterly reports, ESG reports and other filings, GlobalData analyses the text and identifies individual sentences that relate to disruptive forces facing companies in the coming years. Artificial intelligence is one of these topics - companies that excel and invest in these areas are thought to be better prepared for the future business landscape and better equipped to survive unforeseen challenges.
To assess whether artificial intelligence is featuring more in the summaries and strategies of tech companies, two measures were calculated. Firstly, we looked at the percentage of companies which have mentioned artificial intelligence at least once in filings during the past twelve months - this was 81% compared to 47% in 2016. Secondly, we calculated the percentage of total analysed sentences that referred to artificial intelligence.
Of the 10 biggest employers in the tech sector, IBM was the company which referred to artificial intelligence the most between July 2021 and June 2022. GlobalData identified 283 artificial intelligence-related sentences in the United States-based company's filings - 3.4% of all sentences. Hitachi mentioned artificial intelligence the second most - the issue was referred to in 1.3% of sentences in the company's filings. Other top employers with high artificial intelligence mentions included Accenture, Capgemini and Infosys.
Across all tech companies the filing published in the second quarter of 2022 which exhibited the greatest focus on artificial intelligence came from SenseTime. Of the document's 2,020 sentences, 170 (8.4%) referred to artificial intelligence.
This analysis provides an approximate indication of which companies are focusing on artificial intelligence and how important the issue is considered within the tech sector, but it also has limitations and should be interpreted carefully. For example, a company mentioning artificial intelligence more regularly is not necessarily proof that they are utilising new techniques or prioritising the issue, nor does it indicate whether the company's ventures into artificial intelligence have been successes or failures.
GlobalData also categorises artificial intelligence mentions by a series of subthemes. Of these subthemes, the most commonly referred to topic in the second quarter of 2022 was 'machine learning', which made up 38% of all artificial intelligence subtheme mentions by tech companies.
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Filings buzz: tracking artificial intelligence mentions in the tech sector - Verdict
Artificial Intelligence: 3 ways the pandemic accelerated its adoption – The Enterprisers Project
The need for organizations to quickly create new business models and marketing channels has accelerated AI adoption throughout the past couple of years. This is especially true in healthcare, where data analytics accelerated the development of COVID-19 vaccines. In consumer-packaged goods, Harvard Business Reviewreportedthat Frito-Lay created an e-commerce platform,Snacks.com, in just 30 days.
The pandemic also accelerated AI adoption in education, as schools were forced to enable online learning overnight. And wherever possible, the world shifted to touchless transactions, completely transforming the banking industry.
Three technology developments during the pandemic accelerated AI adoption:
[ Also readArtificial Intelligence: How to stay competitive. ]
Lets look at the pros and cons of these developments for IT leaders.
Even 60 years after Moores Law, computing power is increasing, with more powerful machines and more processing power through new chips from companies like NVidia.AI Impactsreports that computing power available per dollar has probably increased by a factor of ten roughly every four years over the last quarter of a century (measured in FLOPS or MIPS). However, the rate has been slower over the past 6-8 years.
Pros: More for less
Inexpensive computing gives IT leaders more choices, enabling them to do more with less.
Cons: Too many choices can lead to wasted time and money
Consider big data. With inexpensive computing, IT pros want to wield its power. There is a desire to start ingesting and analyzing all available data, leading to better insights, analysis, and decision-making.
But if you are not careful, you could end up with massive computing power and not enough real-life business applications.
As networking, storage, and computing costs drop, the human inclination is to use them more. But they dont necessarily deliver business value to everything.
Before the pandemic, the terms data warehouses and data lakes were standard and they remain so today. But new data architectures like data fabric and data mesh were almost non-existent. Data fabric enables AI adoption because it enables enterprises to use data to maximize their value chain by automating data discovery, governance, and consumption. Organizations can provide the right data at the right time, regardless of where it resides.
Pros: IT leaders will have the opportunity to rethink data models and data governance
It provides a chance to buck the trend toward centralized data repositories or data lakes. This might mean more edge computing and data available where it is most relevant. These advancements result in appropriate data being automatically available for decisioning critical to AI operability.
Cons: Not understanding the business need
IT leaders need to understand the business and AI aspects of new data architectures. If they dont know what each part of the business needs including the kind of data and where and how it will be used they may not create the correct type of data architecture and data consumption for proper support. ITs understanding of the business needs, and the business models that go with that data architecture, will be essential.
Statistaresearch underscores the growth of data: The total amount of data created, captured, copied, and consumed globally was 64.2 zettabytes in 2020 and is projected to reach more than 180 zettabytes in 2025. Statista research from May 2022 reports, The growth was higher than previously expected, caused by the increased demand due to the COVID-19 pandemic. Big data sources include media, cloud, IoT, the web, and databases.
Pros: Data is powerful
Every decision and transaction can be traced back to a data source. If IT leaders can use AIOps/MLOps to zero in on data sources for analysis and decision-making, they are empowered. Proper data can deliver instant business analysis and provide deep insights for predictive analysis.
Cons: How do you know what data to use?
More on artificial intelligence
Besieged by data from IoT, edge computing, formatted and unformatted, intelligent and unintelligible IT leaders are dealing with the 80/20 rule: What are the 20 percent credible data sources that deliver 80 percent of the business value? How do you use AI/ML ops to determine the credible data sources, and what data source should be used for analysis and decision-making? Every organization needs to find answers to these questions.
AI is becoming ubiquitous, powered by new algorithms and increasingly plentiful and inexpensive computing power. AI technology has been on an evolutionary road for more than 70 years. The pandemic did not accelerate the development of AI; it accelerated its adoption.
Harnessing AI is the challenge ahead.
[ Want best practices for AI workloads? Get theeBook: Top considerations for building a production-ready AI/ML environment. ]
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Artificial Intelligence: 3 ways the pandemic accelerated its adoption - The Enterprisers Project
Artificial Intelligence is the most trending topic in technology for quite a while now. – Medium
Artificial Intelligence is the most trending topic in technology for quite a while now. As I said in many of my previous articles, AI is the future. Naturally, theres been a lot of news about AI across the internet. Some of it is true and reliable and some are myths, some are assumptions, and some are hypotheses. However, there are a few more facts about AI that are not frequently heard. AI in all its potential and popularity still holds many secrets under its wing. Lets look at some of them.
Branches of AI:
The application of computer recognition, reasoning, and action is known as artificial intelligence. It ultimately comes down to giving computers the ability to mimic human behavior, particularly cognitive ability. Data science, machine learning, and artificial intelligence are all connected, though.
We will become knowledgeable about artificial intelligence and its six main branches as the first point of this blog.
What Artificial Intelligence cant do:
The wonders that modern artificial intelligence is capable of are astonishing. It is capable of creating breath-taking creative content, including poetry, text, pictures, music, and human faces. It is capable of making medical diagnoses that are more precise than those made by a human doctor. It produced a solution to the protein folding problem, a major biological conundrum that has baffled academics for fifty years.
However, there are still important constraints for modern AI. Artificial intelligence (AI) still has a long way to go before it can accomplish what we would anticipate from a really intelligent agent that is, when compared to human cognition, the initial inspiration and standard for AI.
AI problems you should know:
We must be aware of the benefits and difficulties of adopting AI as consumers and developers of AI technology. Understanding the specifics of any technology enables the user or developer to both minimize the risks associated with it and maximize its benefits.
Understanding how a developer should approach or deal with AI issues in the actual world is crucial. The use of AI technologies must be viewed as a friend, not a threat.
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Artificial Intelligence is the most trending topic in technology for quite a while now. - Medium