Artificial Intelligence in the Enterprise (Infographic)

AI_enterprise

HT: Inside Big Data

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Pokemon Go Market to Reach $56.8 Billion by 2020

pokemon

MarketsAndMarkets:

According to a new market research report “Augmented Reality Market by Component (Sensor, Display, & Software), Display Type (Head Mounted, Head-Up, Handheld, & Spatial), Application (Aerospace & Defense, Consumer, Commercial), and Geography – Global Forecast to 2020”, the total augmented reality market is expected to reach $56.8 Billion by 2020, at a CAGR of 79.6% between 2015 and 2020.

The augmented reality technology would drive the specialized applications in the diverse fields. The augmented reality was initially developed for the military purpose to train the military personnel.

It would help the military personnel to be aware of the new instruments and weapons. Augmented reality technology is also used in the medical sector to train the doctors and the nurses to help the patients treat better.

The gaming experience has been much more fruitful with the augmented reality being used in generation of the games.

The augmented reality market is expected to exhibit a high growth in the next five years. The use of augmented reality technology in sectors such as aerospace & defense, consumer, and commercial would be high in the coming years.

The applications such as aerospace & defense and automotive would also help boost the augmented reality market.

The presence of major companies such as Google, Inc. (U.S.), Qualcomm, Inc. (U.S.), Microsoft Corporation (U.S.) in the North American augmented reality market is likely to boost the market growth in the region.

The European augmented reality market would follow North America in terms of market growth. The associations such as the EuroVR, the European Association for Virtual Reality and Augmented Reality and the growth of automotive and aerospace & defense sector in the region would help the growth of European augmented reality market.

The Asia-Pacific AR market is likely to be driven by fast-growing commercial sector in the region.

The major market players covered in the report are:

  1. Google, Inc. (U.S.),
  2. Qualcomm, Inc. (U.S.),
  3. Microsoft Corporation (U.S.),
  4. Samsung Electronics Co., Ltd. (South Korea).
The start-ups such as Magic Leap, Inc. (U.S.) are also the ones to look out for in the AR market.
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Print Vs Digital (Infographic)

BooksVSdigital

Brian Wallace:

When you reach for your book at the end of the day, is it paperback or electronic? Though eBooks were slated to overtake print books in 2015 it just didn’t happen. There was a 10% drop in eBook sales and a 2% increase in paper book sales during that time period. Because there are pros and cons to both, most people go back and forth depending on their needs.

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Machine Learning Applications by Industry

machine-learning-apps

Louis Columbus, Machine Learning Is Redefining the Enterprise in 2016

Machine learning’s ability to scale across the broad spectrum of contract management, customer service, finance, legal, sales, quote-to-cash, quality, pricing and production challenges enterprises face is attributable to its ability to continually learn and improve. Machine learning algorithms are iterative in nature, continually learning and seeking to optimize outcomes. Every time a miscalculation is made, machine learning algorithms correct the error and begin another iteration of the data analysis. These calculations happen in milliseconds which makes machine learning exceptionally efficient at optimizing decisions and predicting outcomes.

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The Face of Artificial Intelligence

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Facebook’s new servers for artificial intelligence research, inside the company’s data center in Prineville, Oregon (Source: Technology Review)

Source: Technology Review
[youtube https://www.youtube.com/watch?v=v09-n4buwYE?rel=0]

Source: IEEE Spectrum

 

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Ex Machina (2015)

Source: MadAboutMovies

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Source: http://www.lkessler.com/brutefor.shtml

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Lee Se-dol, one of the world’s top Go players, won just one of the matches against the AlphaGo program, missing out on the $1 million prize up for grabs. (March 2016)

 

 

 

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AI Safety and Robotics Laws (Infographic)

Robotics_Laws

In July 1984, a factory robot in Jackson, Michigan, crushed a 34 year-old worker in the first ever robot-related death in the United States.  The robot thus violated Issac Asimov’s First Law of Robotics, “A robot may not injure a human being or, through inaction, allow a human being to come to harm,” first articulated in 1942.

In 2008,  Rodney Books predicted: “[In the 1950s, when I was born] there were very few computers in the world, and today there are more microprocessors than there are people. Now, it almost seems plausible that in my lifetime, the number of robots could also exceed the number of people.” He must have had in mind some specific catalysts that will cause rapid acceleration in the proliferation of Robots—at that time (2008), the world’s Robot population stood at 8.6 million.

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Press Mentions of Specific AI Applications

ai-trends_magisterAdvisors

Source: CB Insights; Last accessed 5-Jul-2016.

Magister Advisors:

Specific AI capabilities are particularly strategic and will create immense value to many industries. Predictive analytics, speech and image recognition are the earliest verticals enabled by AI and rightly so because of potential applications in sectors including security, advertising and healthcare. For example, doctors can leverage image recognition and automate the medical diagnosis or a security company can use predictive analytics to detect patterns in DDoS attacks to prevent them in future. A very good indication of AI’s emergence is the much greater visibility across specific application areas; the following graph illustrates the rise of press mentions in the Communication, Security, Advertising, Healthcare and Finance sectors.

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The New Data Scientist Venn Diagram

DataScientist_Diagram

Stephan Kolassa on StackExchange:

I still think that Hacking Skills, Math & Statistics Knowledge and Substantive Expertise (shortened to “Programming”, “Statistics” and “Business” for legibility) are important… but I think that the role of Communication is important, too. All the insights you derive by leveraging your hacking, stats and business expertise won’t make a bit of a difference unless you can communicate them to people who may not have that unique blend of knowledge. You may need to explain your statistical insights to a business manager who needs to be convinced to spend money or change processes. Or to a programmer who doesn’t think statistically.

So here is the new data science Venn diagram, which also includes communication as one indispensable ingredient.

 on Teradata.com:

Davenport and Patil describe data scientists as curious, self-directed and innovative, i.e., they are not limited by the tools available and when needed fashion their own tools and even conduct academic- style research. Not surprisingly, people with this combination of skills and characteristics are rare, as rare and as much in demand as the computer programmers in the 1990s.

This rarity and high demand for data science skills has meant that statisticians, machine learners, data miners, data analysts, DBAs as well as quantitative analysts, i.e., people with any data or analytics skills have re-badged themselves as data scientists so that they are more marketable. This is not unlike the pre-Y2K hype when computer operators and users of PCs, re-badged themselves as computer programmers.

The term “data scientist” itself has become so diffuse that it represents anybody from data base administrators to analysts doing simplistic summaries on Excel spreadsheet to data engineers setting up Hadoop infrastructure to advanced analytics practitioners who discover valuable insights from data using existing tools as well as those like the data scientists in Google and Facebook who derive insights from data using their own enhanced toolkit.

So, is the name really relevant? Apparently not, since Google’s career pages advertise for Decision Support Analysts, Statisticians, Quantitative Analysts, and Data Scientists and they all mean the same thing. Over the last 50 years, many people have been working as the data scientists described by Davenport and Patil, discovering insights from large volumes of diverse data using existing tools as well as new tools that they fashioned. They have been labelled statisticians, artificial intelligence researchers, data miners, machine learners, advanced analytics experts and the list goes on.

What is relevant is to understand where an individual’s interest lies in the broad data science church and where the needs of the organisation are. The individual’s interest may be developing innovative algorithms to solve a new problem (the high-end data scientist described by Davenport and Patil), or identifying new business problems that can be solved with existing tools or distributed programming for Hadoop. The key is to match the organisation’s needs with an individual’s interest and not be bothered with the position title or the candidate’s label.

Finally, as for finding this rare species, let me point out that the characteristics of curiosity, self-direction and innovation are required in all scientific research. Fashioning tools to overcome a challenge has always been the hallmark of a research scientist. Didn’t Newton invent infinitesimal calculus when the mathematical tools at his disposal were insufficient to calculate the instantaneous speed? Furthermore, scientific research through PhD ensures that they are able to teach themselves new skills.

So, instead of looking to graduates from the newly designed data science majors, develop your own data scientists by first finding a PhD or Masters in a quantitative science such as physics, mathematics, statistics or computer science and then providing them data, time and autonomy. It worked for LinkedIn with Jonathan Goldman and for many other data-driven companies and it can work for you too!!

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The Data on FinTech Adoption

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EY-most-used-fintech-services.jpg

EY-future-use-of-fintech

Future Use of FinTech

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Top Reasons for Using FinTech

EY-top-six-reasons-for-not-using-fintech--infographics

Top Reasons for Not Using FinTech

EY:

We surveyed more than 10,000 digitally active people in Australia, Canada, Hong Kong, Singapore, the United Kingdom and the United States to better understand the overall rate of FinTech adoption, which users are adopting which products and the outlook for future usage.

Our survey shows that 15.5% of digitally active consumers have used at least two FinTech products within the last six months. As awareness of the available products and services increases, adoption rates could double within the year.

The first EY FinTech Adoption Index shows significant opportunity for both traditional and new generation of financial services providers to gain valuable market share by offering innovative FinTech products and services.

The index defines FinTech services as financial services products developed by non-bank, non-insurance, online companies. We evaluated 10 services in four categories: savings and investments, money transfer and payments, borrowing and insurance. Users were defined as digitally active consumers who use two or more FinTech products or services. The survey was conducted from 1 September 2015 to 6 October 2015.

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AI and IoT Among Disruptive Enterprise Technologies to Watch

enterprisetechnologiestowatchin2016

Dion Hinchcliffe:

In my analysis, all of the listed technologies should be on the short list of organizations in the process of digital transformation, which is to say enterprises that are proactively on a concerted effort to become more technology-centric organizations that think and act like leaders in the digital space.

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