Facebook’s chief AI scientist Yann LeCun “The International Data Corporation indicates global spending on AI systems is expected to hit $US77.6 billion in 2022, more than tripling the $US24 billion forecast for 2018. A key element in advancing the field of artificial intelligence, particularly when it comes to deep learning, will be ensuring that there’s…
Tag: AI
Statistician raises red flag about reliability of machine learning techniques
“Dr Genevera Allen, associate professor of statistics, computer science, and electrical and computer engineering Rice University in Houston, Texas has discussed this topic She warned that researchers in the field of machine learning have spent so much time developing predictive models that they have not devoted enough attention to checking the accuracy of their models,…
AI-powered banking experiences
“Banks are equally capable of using their extensive knowledge and data about customers to aggregate it in digital channels, but it needs to be made contextual. Banking has its own success stories, but these tend to come from the disruptors. Take the example of Revolut, which doesn’t believe in branches and invites allows new customers…
Top ecommerce tips: Why personalisation is the sixth sense
“In the age of AI, algorithms and recommendation engines, digital consumers have become used to more targeted and relevant messages so we need to bring this in store too. Personalisation has become our sixth sense. More than a third of consumers interviewed for the report (38%) said that feeling like the experience was personalised to…
‘Hot Skill’ Artificial Intelligence commands huge premium in job market
“The demand-supply mismatch is driving up salaries. AI professionals are getting 60-80% hikes while switching jobs, compared with an average of 20-30% in other skill areas. Even an entry-level AI role can command a 70%-plus premium over that of a plain vanilla computer science (CS) engineer, Barik estimates that there could not be more than…