Artificial Intelligence Today: Time to Act


Everywhere you look, artificial intelligence (AI) is being discussed. New AI companies are popping up and pilot projects are being launched to embed intelligence in applications, reports and business processes. In 2017, 85% of surveyed executives in an Accenture study cited intent to invest extensively in AI-related technologies over the next three years.

(Image: Pixabay)

(Image: Pixabay)

Per CB Insights, a record $6.5B of capital has been deployed across 650+ investment deals in 2017, already surpassing the $5.7B deployed across almost 1,000 deals in all of 2016. Affordable, massive scale, cloud computing combined with significant improvements in algorithm optimization are enabling unprecedented advances in AI. As the pace of innovation continues to exponentially accelerate, there is no time to waste when it comes to adding AI talent and capabilities into your line of business. Operations management, finance, production, human resources, customer service, marketing and sales leaders, all need to be evaluating how they can augment human intelligence with AI.

AI: The Core of Digital Transformation

What is AI? It is the development of computer systems able to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages. Within AI, there are numerous technologies such as natural language processing (NLP), natural language generation (NLG), machine learning, deep learning, and text analytics. Currently machine learning is one of the largest, fastest growing areas of AI.

[Read the rest of this article at InformationWeek.com.]

Jen Underwood, Founder of Impact Analytix, LLC

Jen Underwood, founder of Impact Analytix, LLC, is a recognized analytics industry expert. She has a unique blend of product management, design and over 20 years of "hands-on" development of data warehouses, reporting, visualization and advanced analytics solutions. In addition to keeping a constant pulse on industry trends, she enjoys digging into oceans of data. Jen is honored to be an IBM Analytics Insider, SAS contributor, former Tableau Zen Master, and active analytics community member.

In the past, Jen has held worldwide product management roles at Microsoft and served as a technical lead for system implementation firms. She has launched new analytics products and turned around failed projects. Today she provides industry thought leadership, advisory, strategy, and market research.

Jen has a Bachelor of Business Administration - Marketing, Cum Laude from the University of Wisconsin, Milwaukee and a post-graduate certificate in Computer Science - Data Mining from the University of California, San Diego.

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Re: Getting Smarter
  • 10/17/2017 5:37:13 PM
NO RATINGS

Kq4 writes

It is pretty amazing that "$6.5B of capital has been deployed across 650+ investment deals in 2017," moving the AI journey along at a very fast pace. It's not surprising of course that investments in this area are expecting so see some very useful if not huge breakthroughs in the use of programs and devices simulating human judgment. It will be interesting to see which capture the marketplace and bring profits to those investors.

I can imagine a lotta tech companies that haven't even got their IoT up and running yet, now in a panic to leave that on hold and jump on the AI bandwagon. They've gotta make that centrifuge understand voice commands!

 

Re: Getting Smarter
  • 10/13/2017 8:03:04 PM
NO RATINGS

@ aTricia - You're right.  Pauses and delays are purposely programed into many programs to give the impression that the A.I. or software is working hard.   Humans like a human response.

Re: Getting Smarter
  • 10/12/2017 7:21:05 AM
NO RATINGS

Is it okay to admit that I sometimes ask Alexa and Siri questions i know they will fumble just to nurse my feelings of superiority? :-)

Getting Smarter
  • 10/11/2017 9:12:04 AM
NO RATINGS

It is pretty amazing that "$6.5B of capital has been deployed across 650+ investment deals in 2017," moving the AI journey along at a very fast pace. It's not surprising of course that investments in this area are expecting so see some very useful if not huge breakthroughs in the use of programs and devices simulating human judgment. It will be interesting to see which capture the marketplace and bring profits to those investors.

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