“According to the OECD report on AI, ML, and Big Data in finance, global spending on AI is forecast to double for 2020-24, growing from $50 billion to more than $110 billion over four years. According to a 2020 JPMorgan study, over 60% of trades over $10 million were executed using algorithms. Moreover, the algorithmic…
Month: March 2022
Andrew Ng predicts the next 10 years in AI
“According to a 2021 survey from The Manufacturer, 65% of leaders in the manufacturing sector are working to pilot AI. Implementation in warehouses alone is expected to hit a 57.2% compound annual growth rate over the next five years.” https://venturebeat.com/2022/03/21/andrew-ng-predicts-the-next-10-years-in-ai/amp/
Credit Unions Need AI Features – With the Right Interfaces – to Compete
“AI technology holds the potential to transform global banking over the long-term, with McKinsey estimating it could deliver up to $1 trillion of added value a year for the industry. Credit unions could use insights gained from member habits and financial histories to build AI features that, for instance, inquire about lending needs after an…
Future of work: Smart glasses, holograms and AI-equipped robots will change our jobs
“The future of how we work will, in a few years, include smart glasses that transport workers into augmented or virtual reality environments, communicating with your co-workers via a hologram from anywhere in the world or relying on robots powered by artificial intelligence to help run manufacturing operations. ‘Everything is becoming intelligent,’ Amon said in…
Remote Work: Productivity Up, Innovation Down
“The pandemic presented unprecedented challenges for the workplace. For most, a decline in productivity wasn’t one of them; 39% of businesses actually reported an increase in productivity after shifting to remote work at the start of COVID-19. Despite a general consensus that innovation is key to adding value to a business, staying ahead of the…