Page 20 - The EDIT | Q1 2017

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Discovery
Businesses embrace AI
2017 will see AI becoming part and parcel every business.
As IBM’s Chief Innovation Office Bernie Meyerson puts it “It will be the year of the solution as opposed to the year of the experiment”.
WIRED founding executive editor, Kevin Kelly predicts that the mandate for the next 100,000 start ups will be based on “Take X, and add AI”.
Just as when electricity
became ubiquitous, there will
be no business that does not incorporate AI and this is a natural outcome of all the work that has gone toward machine learning in the past few decades.
With everything from self- driving cars to self regulating homes, from AI powered service industries (such as Uber) to AI powered professions, we should definitely look forward to what brands and business can do with the technology.
Did you know?
A study published by Infosys in January this year underlines that AI is crucial for future growth
in Asia.
The corporation, which is based in India, surveyed 1,600 business leaders in companies with more than 1,000 staff and annual revenue over USD 500 million, across Australia, the US, UK, France, Germany, China and India. Australia is at the
forefront of investing in AI as the study revealed that two-thirds of those companies in Australia have already deployed artificial intelligence and are continuing to invest in it.
The research also uncovers that Australian companies are investing on average of more than $8 million a year in AI, behind only the United States.
THE EDIT ISSUE 05 | Q1 2017