• 30 Ways How AI Will Change Your Business

    Artificial intelligence has the power to change our society dramatically. Within the coming years, it is likely that AI is taking over many of the jobs currently done by humans. Not only repetitive work can be taken over by AI, but also more difficult jobs such as customer service representative, journalist, chef, driver or team leader. It seems that many of the functions of existing organisations can be taken over by artificial intelligence, thereby of course also creating many, yet unforeseen, jobs. As a result, organisations will look completely different in the future. Therefore, let’s [...]

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    AI: A Force for Good or Bad?

    This week, Elon Musk praised the work of OpenAI after a team of five neural networks had defeated five humans, who ranked in the top 99.95 percentile of players worldwide, in the popular game Dota 2. The five bots had learned the game by playing against itself at a rate of a staggering 180 years per day. The game requires strong teamwork among the five players and, therefore, the achievement is quite remarkable and more evidence that artificial intelligence (AI) is rapidly becoming more advanced. However, directly after the five bots beat the five humans 2-1, Musk cautioned for the power of[...]

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    What the Convergence of AI and Blockchain Means for Organisations

    AI and Blockchain are two of the hottest technology trends hitting the market today. Blockchain stands to revolutionise communication and transaction recordation, building trust between strangers and enabling increased provenance, transparency and privacy. AI takes on incredibly complex tasks and applies tremendous computing power to learn these tasks to near perfection. So, how do these very disparate technologies come together to create even more opportunity? Though created using fundamentally different approaches to technology, both technologies have a lot to offer each other. The Merging [...]

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    Thanks to Emerging Technologies, the Future Will Never Be Slow Again

    The fast-changing, uncertain and ambiguous environments that organisations operate in today, require organisations to re-think all their internal business processes and customer touch points. In addition, due to the availability of Emerging Information Technologies such as big data analytics, blockchain and artificial intelligence, it has become easier for startups to compete with existing organisations. Often these startups are more flexible and agile than Fortune 1000 companies, and they can become a significant threat if not paid attention to. Therefore, focusing purely on the day-to-day [...]

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    Why the Combination of Fake News and Artificial Intelligence is Dangerous

    We live in unprecedented times, where, unfortunately, increasingly things are not what they seem to be or what they should be. We only have been in this situation for less than 18 months, but it is rapidly affecting our lives on a daily basis. I am talking about fake news and how it has become one of the greatest threats to democracy, free debate and capitalism. Unfortunately, for many, fake news is not a problem at all. It is even Trump's favourite topic. But above all, there is disagreement about what constitutes as fake news, how big the problem is and what to do about it. And that is a [...]

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    The Future of Artificial Intelligence: A Global Perspective

    The world is being transformed through rapid breakthroughs in data and AI. Every day, we hear about more innovations -- from small startups to global economies. Nearly every job currently occupied by human labour--from farmers, offshore customer service representatives and even taxi drivers--could be given to a robot within the next few decades. As we have reached 2018, let's take a look at how AI is being developed around the globe and what artificial intelligence has in store for us in the coming year. USA: Utilizing AI for AgTech Accenture predicts that by 2035, AI may boost U.S. [...]

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    How AI Will Change Corporate Governance

    Growing investments in Artificial Intelligence (AI) technology have transformed many areas in the business world, especially among high-tech and financial organisations. External spending on AI-related projects went up to $12 billion in 2016. Companies looking into AI may focus on the potential for automating low-skill tasks, but they are overlooking a major opportunity. Artificial Intelligence can also play a significant role in corporate governance. AI can help streamline decision-making processes, transform big decisions from gut feelings to data-driven knowledge, and better predict the [...]

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    Are You Ready to Have a Robot as Your Boss?

    Artificial intelligence (AI) and robots have slowly but steadily made their way into a variety of industries spanning fast food to the financial sectors. This expansion is projected to continue and is forecasted to replace a considerable amount of jobs. A Forrester report notes that AI can replace as many as six percent of jobs by 2021. A PwC reports notes that many jobs across the globe will be affected by the 2030s, including 38 percent of U.S. jobs; 35 percent of jobs in Germany; 30 percent of U.K. jobs, and 21 percent of occupations in Japan. There is no doubt that AI and robots can [...]

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    How Artificial Intelligence Will Change Retail Banking

    With technological advancement, artificial intelligence is set to touch and modify the financial sector, specifically retail banking in many different ways. It's still the beginning stages of AI adoption for most banks. A Narrative Science survey highlighted that 32 percent of financial executive participants utilize AI technology, such as voice recognition and predictive analytics. Moreover, an Accenture survey noted that 76 percent those surveyed believe most banks will use AI interfaces primarily for customer interaction by 2020. But AI is changing retail banking in more ways than one. [...]

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