Increasing use of artificial intelligence (AI) and explainable artificial intelligence (XAI) is likely to see the banking industry moving towards an environment where the customer owns their data and can easily move between banks or other financial organisations with their historical financial information. Prema Varadhan, chief architect and head of AI at Temenos, says this is a long-term aspiration that traditional banks may struggle to attain in the medium term. However, the first step was taken with the introduction of the General Data Protection Regulation (GDPR) in Europe in 2018.…
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Toyota goes big on artificial intelligence at Tokyo Games
Tokyo – Toyota is readying various robots for next year’s Tokyo Olympics, including one that brings back javelins and other objects, a screen-on-wheels designed for “virtual” attendance and those in the likeness of the Olympic and Paralympic mascots. The mascot robots’ eyes change to the images of stars and hearts. The engineer in charge, Tomohisa Moridaira, suggested various possibilities, such as having the mascot robot hold the Olympic torch using magnets. Another robot, T-TR1, is a moving human-size display designed to represent people who can’t be there. Toyota has also…
Read MoreAre Robots About to Take Over Our World? Is South Africa Ready for AI?
The Real Danger of AI – and How to Avoid It In spite of rapid advancements in the field of artificial intelligence and machine learning, many people still express trepidation about these developments based on celluloid images of robots taking over the world and overpowering humanity. Most of these fears stem from apocalyptic tropes from Hollywood movies like “The Matrix” and “2001: A Space Odyssey”. These fears are misplaced, says industry expert, Dr. Scott Zoldi, chief analytics officer at FICO, who is responsible for the analytic development of the company’s…
Read More80% of Project Management tasks could be eliminated by 2030 due to AI
CAPE TOWN – Data and analytics firm Gartner released data which suggested that by 2030, 80 percent of the work of today’s project management (PM) discipline will be eliminated as artificial intelligence (AI) takes on traditional PM functions such as data collection, tracking and reporting. Daniel Stang, research vice president at Gartner said in a statement: ” AI is going to revolutionize how program and portfolio management (PPM) leaders leverage technology to support their business goals.” “Right now, the tools available to them do not meet the requirements of digital business.” Gartner predicts AI-enabled Project…
Read MoreHow Machine Intelligence will Revolutionize the Machines of the Future
What’s the difference between MI and AI, and how had the former changed how machines operate today? Despite the overwhelming impact of automation resulting from machine learning and artificial intelligence, it is already being used in several valuable ways. The global AI market is expected to reach nearly $59 billion by 2025. Recently, however, the hype around the term “machine learning” has caught the attention of industry experts and tech enthusiasts. The development of machine intelligence will change every aspect of our lives in future. That’s why it is imperative to…
Read More“Robot, Doing Nothing”: zenon at the Ars Electronica Festival
ur zenon software will be brought to life at the Ars Electronica Festival for art, technology, and society from September 7 to 11 in Linz, Austria. As part of the media art project “Robot, Doing Nothing”, zenon will transform a robot into an element of the Industrial Internet of Things. The project “Robot, Doing Nothing” was designed and developed by the Viennese artist and designer Emanuel Gollob in collaboration with Johannes Braumann from the Creative Robotics Lab of the University of Art and Design Linz. Gollob envisions a post-industrial future…
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