machine learning

Google’s new project to focus on human side of AI

Google recently announced a new research initiative to study the relationship between human and artificial intelligence – People + AI Research Initiative (PAIR). PAIR aims to ensure that AI technology is beneficial for everyone and that, it is not here to replace but to augment human intelligence. The research is being led by the two data visualization experts from Google’s Brain team – Fernanda Viegas and Martin Wattenberg. The PAIR research has been divided into three broad categories depending upon the need of the user – Engineers and Researchers, which will help engineers get access to the tools and resources which they need to build any machine learning program; Domain Experts, which will evaluate the role of AI for professionals like doctors, technicians, musicians etc. who will incr...

PwC report evaluates AI potential, how a business can capitalize AI & its impact on world economy by 2030

Artificial Intelligence based technologies will contribute nearly $15.7 trillion to the global economy in 2030, per a report published by Price Waterhouse Coopers (PwC). Of the contribution, $6.6 trillion is likely to come from increased business productivity by organizations who will use AI to automate and augment their workforces, while remaining $9.1 is expected to come from increased consumption from those customers who will look for better and higher-quality goods. The report analyzed AI’s role in the global economy between the present time and 2030 and included various regional economies and eight commercial sectors. PwC analysts further reported that the increased adoption rate of AI will result in higher GDP jumps also and will supposedly go up to 14%. Amongst the regions likely to...

Box and Microsoft partnership paves way for future innovation with Azure intelligent cloud services

With Box Inc. and Microsoft Corp. announcing a partnership, future integration possibilities between Azure’s machine learning and artificial intelligence abilities with cloud content management platform of Box is expected in the near future. The expanded partnership will help both the companies to promote each other’s cloud services. This is not the first time that the two companies have come together as Box has been offering compatibility for Microsoft products like Office 365 and others for long. Microsoft and Box are strategic partners but they also compete in terms of their cloud storage services – OneDrive and Box. “Azure is a trusted partner in the enterprise, and we’re thrilled to be integrating our technologies and going to market with Microsoft,” said Aaron Levie, co-founder, and ...

AI based technologies offer new possibilities across business operations

In many respects, 2017 so far, has been the year of Artificial Intelligence(AI), Machine Learning (ML), big data and computing power. With algorithms, that can hear and see beyond human accuracy, the role of AI has increased. The combination of machine learning, AI and people has now made it possible to achieve more in less time. AI based systems can learn, adapt, engage and enhance things just like humans do. AI is a crucial component that can support current and future IT systems, processes and platforms. It stands as the major enabler of digital transformation across organizations as it can help companies build more agile, streamlined and scalable operations. With a positive impact across all levels of operations, AI will also play an important role to take network optimization to new h...

IoT and AI boom generates new opportunities for skilled workforce

The recent developments in the fields of IoT and AI have given organizations new ways of doing business, making them digitally transformed in the process. But, to efficiently make use of these technologies, they also need skilled human resources. As per the data released by Talent Supply Index (TSI) by Belong – a predictive outbound recruitment solution provider, the increasing demand for IoT (Internet of Things), Machine Learning, Artificial Intelligence and Cloud has increased the demand for talent skilled in these platforms and at present, the demand is outstripping the supply. The TSI index is based on the data findings by Belong platform and other publicly available data from various hiring sources. The findings help businesses plan their hiring strategies, costs, efforts, and cycles ...

Microsoft share prices to touch new highs with digital transformation wave, predicts Morgan Stanley

Morgan Stanley Analyst – Keith Weiss, in his recently published note, projected high price target for Microsoft Corp. stock which reportedly increased from $80 from $72. Microsoft stock price has been performing well right from the beginning of the year 2017, recording shares go up to 13.5 percent high so far this year. Also Read: Microsoft records High profits due to web-based business software “Microsoft is back to showing durable double-digit EPS growth — and investors should be willing to pay a higher multiple for that growth,” said Keith in a note. Microsoft’s business will rise due to the changing technology trends in computing, and AI (Artificial Intelligence). Due to the high demand of Microsoft’s Cloud computing platforms, analyst predicts that the company will perform ahead of th...

AI and cognitive computing – spearheading enterprise digital transformation

Artificial Intelligence, robotics and machine learning concepts are changing the parameters of data extraction and analysis. With the onset of digital transformation, there’s a great need to process huge volumes of data into useful insights. But with traditional data analytic methods, businesses are not be able to process the entire data, especially that which is in the form of images, videos, and human voice, collectively known as ‘dark data’. To process such kind of data, organizations need cognitive computing. Originally, the concept of cognitive computing comes from cognitive science which include study of human brain and how it works. Cognitive computing aims to stimulate the human thought processing in a computerized way. It achieves that with the help of various se...

Mary Meeker’s Internet Trend Report 2017 highlights major e-commerce, cloud and mobile trends

Ace internet analyst and partner at Kleiner Perkins Caufield & Byers – Mary Meeker, came up with her Internet Trend Report 2017 at the Code Conference, California. The report highlighted the major trends revolving around mobile usage growth, e-commerce, online advertising, gaming, healthcare and steadily growing Indian and Chinese markets. Some of the major highlights of the 355-slide presentation include: Cloud – harbinger of change across enterprises The report identified cloud as the major force driving change across enterprises. The increasing adoption rate is creating new opportunity pools for service providers. However, the report also identifies some cloud adoption concerns like data security issues, vendor-lock in and compliance. In Public cloud adoption race, AWS was identifie...

AI and cognitive systems to play a major role in digital transformation

Widespread adoption of cognitive systems and artificial intelligence (AI) across a broad range of industries will drive worldwide revenues from nearly $8.0 billion in 2016 to more than $47 billion in 2020 – IDC. Artificial Intelligence (AI) and cognitive systems are impacting a huge number of industries. A study commissioned by IDC predicts a compound annual growth rate (CAGR) of 55.1% for the cognitive/AI solutions markets over the 2016-2020 forecast period. Software developers and end user organizations have already begun the process of embedding and deploying cognitive/artificial intelligence into almost every kind of enterprise application or process – David Schubmehl, Research Director, (Cognitive Systems and Content Analytics) IDC said. He further added, “Recent announcem...

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