AI brings smart learning experiences in schools

The education system is clearly one of the fields that should and definitely will continue to change over the next decades to keep up with technological advancements. Hence, it is no surprise that artificial intelligence has found a way to become part of the learning experience. According to data, the AI education market is currently valued at half a billion USD and the amount is set to rise to six billion by 2024. Read in full

The perfect match: artificial intelligence and the internet of things

The idea of having your fridge turn on the AC or the washing machine and then remind you to buy some groceries on the way home doesn’t seem so far fetched. This is thanks to the Internet of Things which promises to completely reshape our lives by translating our physical world into digital signals.

What is IoT and why does it need AI?

The Internet of Things or IoT can be defined as a network of physical objects that use embedded sensors, actuators and other devices that can collect or transmit information about the objects. Read in full

Is AI the next step in the future of leadership?

Artificial intelligence is not only changing the products and services we provide nor the way we create these products. It has become quite clear that it is also completely reshaping human behavior and leadership.

Whether we realise it or not, some of the high-level decisions that are being taken by people in key positions, be them organization or nation leaders, are already influenced by the evolution of AI, machine learning, NLP, etc. Read in full

AI in healthcare: friend or foe?

There’s one industry that artificial intelligence can greatly enhance, however, it is also the one that can suffer the most from any misuse of the technology. It’s been a while since researchers have started to weigh the pros and cons of using AI in healthcare and the case is still controversial.

On the one hand, the introduction of robots and artificial intelligence in the medical system can speed up the processes, free the doctors of dull and repetitive duties so they can focus their entire attention on patients and, most importantly, can help people stay healthy. Read in full

How AI can reinvent retail

Artificial intelligence adoption across industries is skyrocketing. A McKinsey Global survey revealed that 47% of the interviewed companies have embedded at least one AI capability in 2018, compared with only 20% in the previous year. Furthermore, 30% said they are piloting AI and 71% stated they expect the overall investment in AI to grow in the coming year.

One domain in which we can witness an increase in the number of AI-driven technologies used in the business processes is retail. Read in full

State of AI: key challenges companies need to overcome

A recent report revealed that 40% of companies claiming to be in the AI business do not actually have any real artificial intelligence capabilities.

The same study found that when companies did include artificial intelligence and machine learning into their businesses, the use cases were quite ordinary. Some of the most popular ways start-ups used AI included chatbots (26%) and fraud detection (21%).

These findings prove that artificial intelligence is currently the most used and, sadly, the most misused concept in technology. Read in full

Artificial intelligence will certainly be part of the future world, will we?

terminator

For some time now, artificial intelligence has been revolutionizing the way we see banking, fintech, retail, education and even the medical system. At this point, it is clear for everyone that whatever future we might have, AI will definitely be part of it. The thing we don’t seem to agree on is how good will such technology be for humanity. On the one hand, a lot of experts believe that AI advancements will bring much value and will help humans improve their existence over the next decades. Read in full

The real perils of artificial intelligence

terminator

Why is The Terminator scenario in AI unrealistic? Modern AI focuses on automated reasoning, based on the combination of perfectly understandable principles and plenty of input data, both of which are provided by humans or systems deployed by humans. To think that common algorithms such as nearest neighbour classifier or linear regression could somehow spawn consciousness and start evolving into superintelligent AI minds is farfetched in our opinion. Read in full

3 Fintech areas where AI bring the most value

fintech ai

Having discovered the power of artificial intelligence, people all over the world are doing their best to integrate its capabilities into their businesses. According to data from Gartner, by the end of 2020, 20% of citizens in developed nations are expected to use AI for everyday operational tasks.

Customer support revived

Customer-oriented systems such as text chats, voice systems and chatbots are no longer a novelty. Read in full

The trolley dilemma in AI

trolley dilemma

There is a principle in ethics that forces us to carefully think about the consequences of an action and consider whether its moral value is determined solely by its outcome. The trolley dilemma is a classic experiment developed by philosopher Philippa Foot in 1967 and adapted by Judith Jarvis Thomson in 1985.

The situation goes like this: You see a runaway trolley moving toward five tied-up (or otherwise unaware of the trolley) workers on the tracks. Read in full