AI

AI (62)

2020 Has Been Big for Artificial Intelligence

For many years, artificial intelligence (AI) was only seen on movies and fiction books and magazines. While it was like magic to the eyes, most thought it was a dream that could not be accomplished. Fast forward 2020, AI has become one of the most exciting technologies that almost everyone is talking about.  AI has moved from a hype state in tech and fiction movies to a practical usage in different industries as companies begin to take advantage its power. As 2020 comes to an end, we are already seeing countries and businesses striving to lead in the AI race. Here are some trends that have defined artificial intelligence in 2020 going forward:

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The Basics of Artificial Intelligence

Artificial intelligence (AI) has evolved into one of the most advanced technologies that can be used in different industries for different things. A decade ago, when enthusiasts first talked about the potential of this technology, many laughed it off as just another fantasy and dreams that would never succeed. As we speak today, countries are trying their best to be the leaders in this area. It is the hottest buzzword in business circles and among governments as it is quickly proving to be a critical lynchpin of the digital transformation and automation that many players are seeking to take advantage of to reduce the cost of doing business and increase effectiveness.

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AI Will be a Significant Force in a Post-Pandemic World

The coronavirus pandemic has put businesses, both small and large, under untold pressure never experienced before. Although the pandemic has ripped many industries apart, it has also come as a blessing in disguise. It enabled many companies to develop efficient, digital means of operating and leveraging on the power of AI and automation. Although there were many promises made about the potential of AI for more than 50 years, these promises are now being delivered finally with COVID-19 acting as a catalyst.

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The Evolution of Artificial Intelligence

What was once just a figment of fiction and stories in movies, artificial intelligence (AI), has now made way in our everyday lives. AI is evolving — literally from what it once was to something much greater than what many anticipated. The evolution is made possible by a software that borrows concepts from the Darwinian theory of evolution whose basis is on survival for the fittest. This software improves the software without any human input. This is a result of years of hard work and research in AI, which scientists believe could lead to the discovery of higher quality AI in the future.

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Do You Know About These AI Trends

Artificial intelligence, mostly known as AI, has been there for decades. Although it was mainly associated with robots, AI has today become part of almost every industry. From mobile phones and other personal gadgets to home appliances, AI has taken over almost every sector. As the number of sectors embracing AI keeps rising, new AI trends are emerging in the market. Here are some trends that you should expect in 2020 going forward in artificial intelligence.

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Virtual People Are Real

The fear of artificial intelligence and robotics when it comes to jobs being lost has been with us for decades. However, it is also emerging that beauty contestants and Instagram influencers may face stiff competition from automation soon, too.

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Artificial Intelligence - The Good and the Not-So-Good

AI has been hailed as one of the top technologies that will revolutionize the world and change things for the better. However, it is not without some concerns and drawbacks. It is for this reason that many companies and governments are investing billions of dollars in artificial intelligence projects. Due to investments, AI now powers many real-world applications, ranging from robots to facial recognition systems and assistants such as Siri and Alexa. In fact, we barely notice our interaction with AI while using some common real-world applications today.

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64% of people want more regulation to make AI safer

A new survey of 2,000 UK adults by Fountech.ai has revealed the fears people have about artificial intelligence (AI). It found: 

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What Should You Consider When Evaluating AI Solutions?

After almost a decade working in a large, global bank, I can speak to the challenges faced by all three lines of defense in trying to combat financial crime. I can also attest to the effect these processes had on our clients.  As a front-line corporate relationship manager, I frequently had to navigate the KYC, remediation and payment screening process for my clients.

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How AI Influences The Validity Of Online Reviews

You may rely on reviews to be a smart consumer and make a good choice for a purchase, but it’s possible that you’re reading an opinion generated by a machine. The use of AI in online reviews searches for and compiles reviews from multiple sources. In addition, AI has also been employed to write reviews, which makes online shopping even more complex than it already was.

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