“Kicking re:Invent into high gear, Amazon Web Services Inc. today unveiled a massive array of artificial intelligence solutions spanning more than a half-dozen product categories, from code debugging to cybersecurity and contact center automation. And that’s on top of a formidable lineup of infrastructure announcements.
The growing popularity of AI for business shows no signs of slowing down. Jared Weitz, CEO of United Capital Source Inc., says this technology is going to step up more as a key player in the workforce.
“Careers such as research analysts, proofreaders and receptionists are slowly making an exit while AI improves,” Weitz says. “This is only going to continue and expand into other jobs while robots become more proficient.”
While AI represents a positive change in terms of efficiency and productivity, Weitz notes that it can also be viewed as negative because human capital loses value.”
“Last year, BBVA worked with a team of MIT researchers to develop a model based on machine learning algorithms that can reduce the number of false positives related to fraudulent credit card transactions by 54 percent. The new approach, known as deep feature synthesis (DFS), facilitated the extraction of more than 200 additional attributes from each transaction, which served to provide a more detailed description of the credit/debit card transaction behavior, thus improving the fraud detection engine results.”