Spanish bank applies AI to staff training

  • “The latest version of CaixaBank’s Virtaula training portal uses AI to profile staff and identify what training they might benefit from. A chatbot, which communicates using natural language, will also assist staff accessing courses if they want to take up suggestions.
  • Another HR example is in Singapore, where DBS bank is using the technology to screen applicants for wealth management jobs, with the aim of saving 40 man-hours a month. A platform known as Jim (Jobs Intelligence Maestro) supports staff in reviewing CVs, collecting responses to pre-screening questions and conducting psychometric tests.”

What is the state of AI in India?

  • “A day may come in the future when words spoken in one vernacular language would automatically be translated into another to ease out communication between people belonging to two distinct geographies.
  • We will set up 25 hubs focusing on diverse areas. Each hub will have multiple academic institutions and industry.
  • Even with government funding and industry participation, India is just at the starting point of a promising long road to harness AI for societal benefits.”

Four Ways Leaders Can Gain Value from AI and Advanced Analytics – Knowledge@Wharton

“Four self-reflections for leaders that make a case for why they need to consider adopting AI, ML and advanced analytics.

(1) The power and the limitations of tacit knowledge – In comes a pillar of advanced analytics that uses machine learning for predictive modeling.

(2) Cognitive challenges in processing multi-dimensional spaces – These algorithms fall in the descriptive analytics pillar, a branch of machine learning that generates business value by exploring and identifying interesting patterns in your hyper-dimensional data

(3) Our weakness in counter-factual thinking – Overcoming this requires embracing causal analytics, a pillar that is most often missed out by the industry ‘ladder of analytics’ frameworks

(4) Our challenges in combinatorial thinking – Combinatorial thinking, which is encompassed in the prescriptive analytics pillar of advanced analytics, can provide answers.

  • In short, advanced analytics, machine learning and AI are arguably the most powerful general-purpose technologies invented since the advent of modern computing. Extracting value from these is an imperative for business and society. It requires a deeper understanding and self-reflection among leaders of human strengths and frailties in contrast to that of modern, software based, machines and algorithms.”

Knowledge at Wharton

How AI, ML, and automation can improve cybersecurity protection

    • “Artificial intelligence (AI) and machine learning (ML) are making productive inroads in the cybersecurity space.
    • AI and ML can help by processing and analyzing massive amounts of data to spot unusual trends, behavior, and patterns in what is known as anomaly or fraud detection. It’s an essential tool to help stop crime in the world of finance.”

    9 New Home Tech Products Straight From the Future

    “Here are some of the most eye-catching items that might soon be in homes:

    1. Toilet paper that comes to you.

    2. A washing machine that figures out the right settings for you.

    3. A smart appliance that helps you cook.

    4. A ball that follows you around the house.

    5. An adult night light that helps you sleep better.

    6. A hydro-powered weighted blanket.

    7. A smart light switch that also works for “dumb” lights.

    8. A machine that makes tons of bread.

    9. A skincare system that’s all about at-home care.”