Daily Archives: September 19, 2020

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the artificial intelligence platforms market and it is poised to grow by $ 12.51 bn during 2020-2024, progressing at a CAGR of over 33% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Alibaba Group Holding Ltd., Alphabet Inc., Amazon Web Services Inc., International Business Machines Corp., Microsoft Corp., Palantir Technologies Inc., Salesforce.com Inc., SAP SE, SAS Institute Inc., and Tata Consultancy Services Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Rise in demand for ai-based solutions has been instrumental in driving the growth of the market. However, the rise in data privacy issues might hamper the market growth.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

Artificial Intelligence Platforms Market 2020-2024: Segmentation

Artificial Intelligence Platforms Market is segmented as below:

Artificial Intelligence Platforms Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The artificial intelligence platforms market report covers the following areas:

This study identifies the rise in investments in AI start-ups as one of the prime reasons driving the artificial intelligence platforms market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Artificial Intelligence Platforms Market 2020-2024: Key Highlights

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Deployment

Customer landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Originally posted here:

COVID-19 Recovery Analysis: Artificial Intelligence Platforms Market | Rise In Demand For AI-based Solutions to boost the Market Growth | Technavio -...

When an MIT researcher discovered that most facial recognition systems are less accurate with the faces of women and people of color, it brought to the forefront the issue of bias in technology that increasingly runs our society.Described byVarietyas a thought-provoking wake-up call,Coded Bias, a documentary film on the issue, will be presented in a special online screening bythe Appalachian Theatre of the High Country at 4 p.m. on Sunday, September 20 and will be followed by an online taped discussion with the films director, Shalini Kantayya. Please note the change in start time from the previous announcement about the documentary film series.

Coded Bias is the first event presented by BOONE DOCS, the newly-launched year-round film series at the App Theatre featuring documentary films that spark community conversation by presenting an independent lens to view our world. Showcasing emerging and award-winning filmmakers and distinct perspectives from across the globe, BOONE DOCS celebrates the creative power of independent film.

Artificial Intelligence (AI) technology is becoming more prevalent in areas that can profoundly impact peoples lives such as law enforcement and human resources. The film focuses on the work of three female mathematicians and data scientists Joy Buolamwini, Deborah Raji, and Timnit Gebru who research the implications of racial and gender bias in the cutting-edge technologies of AI and machine learning. Are the biases that exist in society being unconsciously replicated in the technology? Or worse, are opaque systems being used to shield deceptive practices?

As sci-fi writers have inspired the imagination of AI developers,Coded Biasdraws from science-fiction stylistic elements to visualize concepts in this new era of big data, says Kantayya, the films director. Coded Biasaims to inspire communities to spark new conversations about bias in the algorithms that impact civil liberties and democracy.

This event is made possible through the Southern Circuit Tour of Independent Filmmakers, a South Arts program. Since its inception in 1975, Southern Circuit has brought some of best independent filmmakers and their films from around the country to communities throughout the South. The program is supported by the National Endowment for the Arts.

In response to the COVID-19 pandemic, the 2020-21 Southern Circuit season features a hybrid model of in-person and online screenings to prioritize the health and flexibility of Screening Partner venues and filmmakers.

Coded Bias is offered free of charge to High Country audiences through the generous support of the theatres board of trustees. To subscribe to the theatres e-list and receive a link to view this event at no cost, visit the theatres website at http://www.apptheatre.org.

About the Appalachian Theatre

The mission of the Appalachian Theatre of the High Country is to revitalize and sustain this historic community touchstone as a quality home for diverse artists and audiences with a special focus on programs that celebrate our distinctive Appalachian heritage and enhance our capacity to serve as an economic catalyst for Boone and the High Country. Once a gorgeous 999-seat Art Deco movie house, the building closed in 2007 and sat empty and gutted for years. On October 14, 2019, the Appalachian Theatre re-opened its doors after a $10 million renovation that brought the distinctive Art Deco details back to this historic theatre and created a new 629-seat, state-of-the-art, acoustically fabulous venue for live concerts, films, plays, and dance performances. The historic Appalachian Theatre has entertained regional audiences in the heart of downtown Boone, North Carolina since 1938. http://www.apptheatre.org

About South Arts

South Arts advances Southern vitality through the arts. The nonprofit regional arts organization was founded in 1975 to build on the Souths unique heritage and enhance the public value of the arts. South Arts work responds to the arts environment and cultural trends with a regional perspective. South Arts offers an annual portfolio of activities designed to support the success of artists and arts providers in the South, address the needs of Southern communities through impactful arts-based programs, and celebrate the excellence, innovation, value and power of the arts of the South. For more information, visitwww.southarts.org.

Related Articles

Read more from the original source:

Filmmaker Reveals the Hidden Inequalities of Artificial Intelligence in Coded Bias in Online Screening by the Appalachian Theatre Sunday - High...

Technology is the future, the phrase no more represents the future. Technology has already invaded humans everyday life through various applications of Artificial Intelligence (AI). Henceforth, innovations are ruling the world today.

Artificial Intelligence (AI)has spread its wings across various sectors. The technology is making all the pointers in the impossible bucket list possible. AI refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic human actions. AI makes it a reality for machines to learn from experience, adjust to new inputs and perform numerous tasks. It can aid in building a wide-ranging branch of computer science with smart machine capabilities that perform tasks like humans.

However, AI cant anticipate the entire field as a solo performer. It has held hands with modern emerging technologies like IoT, cloud computing, machine learning (ML), big data, etc. This technological invasion will soon take the market growth to an unprecedented height. Researchers in AI sector predict that the industry will balloon toUS$190 billion by 2025.

This prediction is not surprising because AI is around humans and is almost taking humans through their daily life. Starting from automated locks at the door to smartwatches and intuitive TVs, AI is everywhere. Areportunravels that around 29% of the companies have reported using AI for their operations in the healthcare sector. It is not the only industry that is taking the path of AI. The article further establishes top sectors that are slowly turning automatic but will see extreme digitisation in the next five years.

AI and its mechanism was already a soothing breakthrough for the manufacturing sector. However, the pandemic has made it more than possible for industries to switch to AI-powered robotics. Some of the already existingAI features in factoriesare drone cameras and computer vision. Other basic automatic functions like transporting or shifting goods through AI mechanism was taking place. Henceforth, the manufacturing sector is soon looking forpredictive and analytical sensorsthat will allow them to do more complex work. One thing for sure is that this will minimise the human hand in the sector.

Security is a major threat to development in technology. Hard configurations by organisations are turning to be an easy break-in spot forhackers and cyber thieves. We cant control the cyberattacks anymore as hackers of well aware of the parallels in it. However, one thing that is still in safe hands is the invasion ofAI technology to power protection. It is estimated that companies will adopt security solutions that have been amplified with AI technology to continue to safeguard data and reinforce network security. Apart from VPN for protection on devices technology can lean on AI for added protection.

Self-driving cars are the dream of tech researchersand scientists. They are working impulsively to reach that goal. But it is not an easy or short path. It takes a lot of time and preparation before launching a safe self-driving car that signals accidents and protects the passengers from it. Today, the motor industry has voice and gesture recognition systems implanted in some high-end cars. Deep learning provided data will be able to process different types of road conditions and situations to beadded to the automatic car with the help of AI. Soon, the tech industrys long dream will come true.

Healthcare was an important industry that involves a lot of technologies like lasers and laparoscopy. However, the AI implementation is highly increased after Covid-19 pandemic. AlreadyAI is capable of detecting cancersand other symptoms that can do patients risk assessments. Now, the sudden pump ofAI in healthcare due to the compelling situationhas made many accelerating developments. Soon, wearable like watches will monitor patients with chronic illnesses to give more personalised patient care and treatment.

Marketing is a fast sector where everything happens in a short time.AI involvement in this speed marketwill make it ultra-quick. But some features need to be at place other than just AI. Better internet, robust connectivity and gadgets with quicker computer processing are essential. Now, thesupply chain and market monitoringare the general spots where AI functions. However, in the future, we can expect to see more profound changes, personalised materials and customized recommendations with the aid of AI software for marketing.

Schools are alreadyturning digital. Instead of notebooks, a good number of educational institutions are providing with digital devices to make everything online. But eh future that the sector is expecting is a virtual tutor assisting learners.AI assistants will find the students emotionby leveraging facial analysis. This will soon unravel the possibilities of better understanding between students and virtual teachers.

Journalism is a vast field. It involves reporters going to dangerous spots to capture the moment and deliver it to the audience. But harnessingAI in media will make the job easy. Bloombergs usage of Cyborg is widely being acknowledged as a success. It is no wonder if other media houses take the step and initiate similar technologies. Field reporting will also be riskless if robots are assigned for the task.

What people hate the most is waiting. However, customer services are known for making unprecedented delays. Butchatbotsandvirtual assistants come for customersaid in such situations. For the future changes, Google is working on an AI assistant that could make human-like phone calls to make appointments on humans behalf.

Banking as a long is in the past. Internet banking and ATM facilities have minimised the customers time on long queues at banks. The shifting of otherbanking processes onlinehas cut short the human labour involved in the banks front and middle office. In the future, AI is expected to predict risks and guide trends in the banking sector. AI can even makefinancial choices on behalf of humansand might act as a financial advisor.

The basic need of every human is food. The revolution of technology has made rural basins a desert as people migrate for a better life to urban society. The things left behind are the ageing farmers and empty lands. However,AI as it usually minimises human handin any other sector could come for rescue. General work like overviewing and pesticide spraying can be done by drone cameras and robots. Usingcameras to look after the cropswill help in early detection of diseases. Another initiative through AI technology is automatic vertical gardening that can even be adopted in urban areas.

Artificial Intelligence (AI) is slowly accelerating major sectors like healthcare, marketing, banking, agriculture, etc towards development with its emerging technologies and new possibilities. If the adoption continues at the same pace, within a period of five-year, all the above mentioned future possibilities will already be a reality.

Go here to read the rest:

10 Amazing Artificial Intelligence Revisions to Look for in Five years - Analytics Insight

The ' Computer Vision in Artificial Intelligence (AI) market' study Added by Market Study Report, LLC, delivers an in-depth outline regarding the powerful trends existing within the industry. The study also comprises significant information concerning growth prospects, growth dynamics, market share, market size and revenue estimation of this business vertical. The report further features highlight key challenges and growth opportunities faced by the contenders of this industry, as well as enlightens the current competitive setting and growth plans enforced by the Computer Vision in Artificial Intelligence (AI) market players.

The business intelligence summary of Computer Vision in Artificial Intelligence (AI) market is a compilation of the key trends leading the business growth related to the competitive terrain and geographical landscape. Additionally, the study covers the restraints that upset the market growth and throws light on the opportunities and drivers that are anticipated to foster business expansion in existing and untapped markets. Moreover, the report encompasses the impact of the COVID-19 pandemic, to impart a better understanding of this industry vertical to all the investors.

Request a sample Report of Computer Vision in Artificial Intelligence (AI) Market at:https://www.marketstudyreport.com/request-a-sample/2923648?utm_source=groundalerts.com&utm_medium=TS

Key highlights from COVID-19 impact analysis:

Other highlights from the Computer Vision in Artificial Intelligence (AI) market report:

Ask for Discount on Computer Vision in Artificial Intelligence (AI) Market Report at:https://www.marketstudyreport.com/check-for-discount/2923648?utm_source=groundalerts.com&utm_medium=TS

A gist of the regional landscape:

Table of Contents:

For More Details On this Report: https://www.marketstudyreport.com/reports/global-computer-vision-in-artificial-intelligence-ai-market-report-2020-by-key-players-types-applications-countries-market-size-forecast-to-2026-based-on-2020-covid-19-worldwide-spread

Related Reports:

2. Global Political Campaign Software Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)Read More: https://www.marketstudyreport.com/reports/global-political-campaign-software-market-report-2020-by-key-players-types-applications-countries-market-size-forecast-to-2026-based-on-2020-covid-19-worldwide-spread

Read More Reports On: https://www.marketwatch.com/press-release/cargo-handling-equipment-market-scenario-highlighting-major-drivers-trends-2020-2025-2020-09-17?tesla=y

Contact Us:Corporate Sales,Market Study Report LLCPhone: 1-302-273-0910Toll Free: 1-866-764-2150 Email: [emailprotected]

The rest is here:

Computer Vision in Artificial Intelligence (AI) Market Expected to Witness High - GroundAlerts.com

The report showcases important product developments and tracks recent acquisitions, mergers and research in the industry by the key players. Not to mention, this market report endows with an exhaustive study for the present and upcoming opportunities in the market which brings into light the future investment in the market. The data and information collected for preparing this market report is generally quite a huge and also in a complex form which is simplified in the report. Market share analysis and key trend analysis are the major accomplishing factors of this market document. Artificial Intelligence In Food Beverages Market research report assists in growing business in many ways.

These Artificial Intelligence In Food Beverages Market reports consist of extensive study about diverse market segments and regions, emerging trends along with major drivers, challenges and opportunities in the market. With the study of competitor analysis, industry can get knowhow of the strategies of key players in the market that includes but are not limited to new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions. This market research report provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market.

Access insightful study with over 100+ pages, list of tables & figures, profiling 10+ companies. Ask for Free Sample Copy @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-artificial-intelligence-in-food-beverages-market&skp

Artificial Intelligence In Food Beverages Market Top Key Players are:

Few Of The Major Competitors Currently Working In Global Artificial Intelligence In Food & Beverages Market Are Tomra System Asa, Greefa, Honeywell International Inc., Martec Of Whitell Ltd. Sesotec Gmbh,.,Key Technology Inc., Raytec Vision Spa, Rockwell Automation, Abb Ltd., Foodable Network, Llc. Startup Creator, Compac Sorting Equipment, Agco Corporation, National Recovery Technologies, Llc, Max-Ai, Buhler Ag|, Qualysense Ag, Bratney Companies, Bomill Ab, Milltec Clarfai, Inc., Bbc Technologies, Intelligentx Brewing Co.,

Global Artificial Intelligence In Food & Beverages Market Is Driven By Increasing Adoption Of Smart Devices In The Food & Beverage Sector Which Is Projecting A Rise In Estimated Value From Usd 6,385.64 Million In 2018 To An Estimated Value Of 115,397.92Million By 2026, Registering A Cagr Of 43.59% In The Forecast Period Of 2019-2026.

Artificial Intelligence In Food Beverages Market Report Overview:

Market reports are important when it comes to understanding the competitions and trends floating throughout the market. This PR on the global Artificial Intelligence In Food Beverages market contains and covers all the important aspects for the market players. It is of paramount importance to understand the technologies used and applications of the products followed the innovations in the field like the discovery of eco-friendly raw materials, which helps in adopting the latest technologies and competing the market players. In addition, this report also covers the in-depth study of the major market players working strategies to understand the cultures.

Artificial Intelligence In Food Beverages Market Competition:

The global Artificial Intelligence In Food Beverages market has become a crowded place leading to an increase in competition. This report unfolds various aspects of the market in terms of the key market players, rapidly growing players, and understanding the strategies employed by these market toppers.

Artificial Intelligence In Food Beverages Market Dynamics:

Understanding the market is of paramount importance when establishing the new business or expanding it from local to global levels. The global Artificial Intelligence In Food Beverages market report emphasizes the driver & restraints, competition, new trends, opportunities, and other factors to unfold this markets aspects and understand them. This is followed by a detailed report on the research & development programs, which helps get the details about the latest trends and upcoming technologies. All these points will help in surviving the competition and getting a better stance until the next survey.

Artificial Intelligence In Food Beverages Market Segmentation:

The global Artificial Intelligence In Food Beverages market is growing at global levels at unstoppable speeds, which has increased the demands for a better understanding of the regional markets. This report contains a detailed overview of the major global markets in American, Europe, Asia Pacific, and The Rest of the world regions. It explains the major factors helping the market players to invest smartly in the regions with maximum opportunities and potentials. This study also contains a detailed explanation of the changing government regulations in local and regional markets.

Research Methodology:

When it comes to preparing an effective and accurate report, the research methodology should follow a predefined and accurate method. This report on the global Artificial Intelligence In Food Beverages market is prepared based on Porters Five Forces Model (market competition, threats from new players, the threat from substitutes, power of suppliers, and customers power) and SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis, which helps in collecting and compiling the best report supported by the data.

Fundamentals of Table of Content: Artificial Intelligence In Food Beverages Market

1 Report Overview1.1 Study Scope1.2 Key Market Segments1.3 Players Covered1.4 Market Analysis by Type1.5 Market by Application1.6 Study Objectives1.7 Years Considered

2 Global Growth Trends2.1 Artificial Intelligence In Food Beverages Market Size2.2 Artificial Intelligence In Food Beverages Growth Trends by Regions2.3 Industry Trends

3 Market Share by Key Players3.1 Artificial Intelligence In Food Beverages Market Size by Manufacturers3.2 Artificial Intelligence In Food Beverages Key Players Head office and Area Served3.3 Key Players Artificial Intelligence In Food Beverages Product/Solution/Service3.4 Date of Enter into Artificial Intelligence In Food Beverages Market3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product4.1 Global Artificial Intelligence In Food Beverages Sales by Product4.2 Global Artificial Intelligence In Food Beverages Revenue by Product4.3 Artificial Intelligence In Food Beverages Price by Product

5 Breakdown Data by End User5.1 Overview5.2 Global Artificial Intelligence In Food Beverages Breakdown Data by End User

Complete Report is Available (Including Full TOC, List of Tables & Figures, Graphs, and Chart) @ https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-artificial-intelligence-in-food-beverages-market&skp

Features and key highlights of Artificial Intelligence In Food Beverages Market

Opportunities in the Global Artificial Intelligence In Food Beverages Market report

1.Comprehensive quantitative analysis of the industry is provided for the period of 2016-2023 to assist stakeholders to capitalize on the prevailing market opportunities.

2.Comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.

3.Extensive analysis of the key segments of the industry helps in understanding the trends in types of point of care test across regional.

Have Any Query? Ask Our Expert @ https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-artificial-intelligence-in-food-beverages-market&skp

Thanks for reading this article you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.

About Data Bridge Market Research:

Data Bridge Market Researchis a versatile market research and consulting firm with over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Our coverage of industries includes Medical Devices, Pharmaceuticals, Biotechnology, Semiconductors, Machinery, Information and Communication Technology, Automobiles and Automotive, Chemical and Material, Packaging, Food and Beverages, Cosmetics, Specialty Chemicals, Fast Moving Consumer Goods, Robotics, among many others.

Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.

Contact:

Data Bridge Market ResearchUS: +1 2026 387 2818UK: +44 208 089 1725Hong Kong: +852 8192 7475Email:[emailprotected]

The rest is here:

Artificial Intelligence In Food Beverages Market Competitive Analysis And Top Profiling Forecasts Till 2026 Tomra System Asa, Greefa, Honeywell...

Medicine-

On September 18th The Lancet Digital Health released an article called Artificial intelligence in COVID-19 drug repurposing (written by Yadi Zhou, PhD, Prof Fei Wang, PhD, Prof Jian Tang, PhD, Prof Ruth Nussinov, PhD, Prof Feixiong Cheng, PhD) in the article it explained how artificial intelligence is being used for drug reproposing ,which is where an already existing is drug used to fight novel diseases such as COVID-19.

Artificial intelligence is being used to speed up this process, with the exponential growth in computing power, memory storage and a plethora of data its only right for the medical sector to use this to speed up a process that help fight against the worlds latest threat that is COVID-19.

So how is artificial intelligence being used to speed up this process, well the article explains how artificial intelligence used for extracting hidden patterns and evidence from biomedical data, which otherwise would have been done manually saving a considerable amount of time.

Ethics-

In connection to the medical sector, artificial intelligence in medicine may be racially biased. Just like explained above artificial intelligence has transformed the healthcare and has really cut the time on many aspects of medicine such as making a breast or lung cancer diagnosis based on imaging studies, or deciding when patients should be discharged in a matter of second which is just incredible, but like all good things it comes with its flaws. During the pandemic we are currently in some researchers are raising question if these technologies may be contributing to the high rates of infection and death among the African-Americans studies show that African-Americans between the ages of 35 to 44 that sadly become infected with COVID-19 have a mortality rate 9 times higher than white Americans. As we all probably remember during the early stages of the pandemic there was very few African-Americans that contracted Covid-19, Public health officials in states such as California, Illinois, Tennessee, and Texas have said that decisions about whom and where to test was data-driven. The early focus on prosperous White communities enabled thousands of unknowingly infected people in less affluent areas to quickly spread across cities whose citizens suffer extremely high rates of underlying health conditions that create more serious and critical cases of Covid-19.

This may be the cause of the high rates of mortality among the African-American communities due to the bias of artificial intelligence from the very beginning these technologies should be verified by a range of different backgrounds before being deployed into the real world .

Autonomous Vehicles-

On a lighter note, IBM and ProMare announced the launch of an autonomous trimaran research vessel called Mayflower Autonomous Ship (MAS). This Wednesday the vessel was deployed off the coast of Plymouth, England where the Mayflower also set sail for America in 1620 400 years ago. It took 2 years of construction and to perfect the AI models that would be running the vessel.

The AI models include a captain that has the ability to sense its environment and make vital decision while navigating a crewless ship.

See original here:

Some Updates in the World of AI - AI Daily

Kate MacDonald, New Zealand Government Fellow at the World Economic Forum, and Lofred Madzou, Project Lead, AI and Machine Learning at the World Economic Forum have published a report that explains how AI can benefit everyone.

According to MacDonald and Madzou, artificial intelligence can improve the daily lives of just about everyone, however, we still need to address issues such as accuracy of AI applications, the degree of human control, transparency, bias and various privacy issues. The use of AI also needs to be carefully and ethically managed, MacDonald and Madzou recommend.

As mentioned in a blog post by MacDonald and Madzou:

One way to [ensure ethical practice in AI] is to set up a national Centre for Excellence to champion the ethical use of AI and help roll out training and awareness raising. A number of countries already have centres of excellence those which dont, should.

The blog further notes:

AI can be used to enhance the accuracy and efficiency of decision-making and to improve lives through new apps and services. It can be used to solve some of the thorny policy problems of climate change, infrastructure and healthcare. It is no surprise that governments are therefore looking at ways to build AI expertise and understanding, both within the public sector but also within the wider community.

As noted by MacDonald and Madzou, the UK has established many Office for AI centers, which aim to support the responsible adoption of AI technologies for the benefit of everyone. These UK based centers ensure that AI is safe through proper governance, strong ethical foundations and understanding of key issues such as the future of work.

The work environment is changing rapidly, especially since the COVID-19 outbreak. Many people are now working remotely and Fintech companies have managed to raise a lot of capital to launch special services for professionals who may reside in a different jurisdiction than their employer. This can make it challenging for HR departments to take care of taxes, compliance, and other routine work procedures. Thats why companies have developed remote working solutions to support companies during these challenging times.

Many firms might now require advanced cybersecurity solutions that also depend on various AI and machine learning algorithms.

The blog post notes:

AI Singapore is bringing together all Singapore-based research institutions and the AI ecosystem start-ups and companies to catalyze, synergize and boost Singapores capability to power its digital economy. Its objective is to use AI to address major challenges currently affecting society and industry.

As covered recently, AI and machine learning (ML) algorithms are increasingly being used to identify fraudulent transactions.

As reported in August 2020, the Hong Kong Institute for Monetary and Financial Research (HKIMR), the research segment of the Hong Kong Academy of Finance (AoF), had published a report on AI and banking. Entitled Artificial Intelligence in Banking: The Changing Landscape in Compliance and Supervision, the report seeks to provide insights on the long-term development strategy and direction of Hong Kongs financial industry.

In Hong Kong, the use of AI in the banking industry is said to be expanding including front-line businesses, risk management, and back-office operations. The tech is poised to tackle tasks like credit assessments and fraud detection. As well, banks are using AI to better serve their customers.

Policymakers are also exploring the use of AI in improving compliance (Regtech) and supervisory operations (Suptech), something that is anticipated to be mutually beneficial to banks and regulators as it can lower the burden on the financial institution while streamlining the regulator process.

The blog by MacDonald and Madzou also mentions that India has established a Centre of Excellence in AI to enhance the delivery of AI government e-services. The blog noted that the Centre will serve as a platform for innovation and act as a gateway to test and develop solutions and build capacity across government departments.

The blog post added that Canada is notably the worlds first country to introduce a National AI Strategy, and to also establish various centers of excellence in AI research and innovation at local universities. The blog further states that this investment in academics and researchers has built on Canadas reputation as a leading AI research hub.

MacDonald and Madzou also mentioned that Malta has launched the Malta Digital Innovation Authority, which serves as a regulatory body that handles governmental policies that focus on positioning Malta as a centre of excellence and innovation in digital technologies. The island countrys Innovation Authority is responsible for establishing and enforcing relevant standards while taking appropriate measures to ensure consumer protection.

More here:

AI and Machine Learning Technologies Are On the Rise Globally, with Governments Launching Initiatives to Support Adoption: Report - Crowdfund Insider