Banks are expected to spend $5.6 billion on artificial intelligence (AI) solutions in 2019, second only to the retail sector, according to IDC. But they’re not just investing in AI, they’re also leveraging these innovations to make money. McKinsey Global Institute predicts that AI and machine learning could generate well over $250 billion in valueRead more
There’s no way to predict how artificial intelligence (AI) will change businesses into the future. But what we do know from past experience is that it is set to totally transform entire industries. Accompanying these changes is a real fear that the rise of AI will result in mass job losses and will change corporateRead more
The healthcare industry is generating a massive amount of data every day. This presents healthcare providers with an opportunity to improve patient care and up efficiency by using previous data to make more strategic informed decisions. And as a result, the healthcare analytics market is growing. According to the 2019 Healthcare Provider Analytics Market TrendsRead more
Keen to discover how artificial intelligence (AI) is set to shake up the retail space, IBM surveyed 1 900 retail and consumer product representatives across 23 countries. What they found was that the adoption of intelligent automation technologies within the retail industry is only set to increase. The focus of the IBM study was toRead more
In 2017, a roundtable hosted by local industry experts highlighted various concerns around the use of Artificial Intelligence (AI) in South Africa. Everything from data quality, data privacy, workforce readiness and re-skilling, as well as potential job losses was discussed. With these pitfalls in mind, what steps can developing nations, like SA, take to prepare forRead more
Forbes equate the hype around cloud computing, the internet of things (IoT) and artificial intelligence (AI) to the launch of the internet some thirty years ago. Describing the rise of the internet as the greatest technology revolution since the industrial revolution, they describe the combination of cloud, IoT and AI as “driving opportunity and threatRead more
Given the current hype around digital twins you may be surprised to hear that the concept has actually been around since 2002. So why all the fuss? Well thanks to the Internet of Things (IoT), digital twins are becoming a reality because the concept is now far more cost-effective. In fact, by 2021, half ofRead more
According to Gartner, this year will mark the beginning of the democratisation of AI. While just 15% of enterprises are currently using AI, close to a third of businesses, have put AI on their agenda for the next 12 months.In line with this, PwC research shows that close to 75% of business leaders describe AIRead more
