Jonathan Bowl, Hitachi Vantara: On the changing face – and pace – of big data

We have all heard the ‘data is the new oil’ aside, usually elicited by someone who honestly believes you’re hearing it for the first time. Indeed, the caveat that data needs to be built upon – as oil is only thick goop before refinement – is never too far away either.

Thankfully Jonathan Bowl, vice president and general manager of big data analytics and IoT at Hitachi Vantara, has a much more refreshing take on this aphorism. Data is not the new oil, he explains. Data...

Samsung Electronics to strengthen neural processing capabilities for future applications

Samsung Electronics has announced its plans to expand the reach of its artificial intelligence (AI) solutions to fortify the capabilities of its neural processing unit (NPU).

For this purpose, the South Korean electronics giant is planning to generate over 2,000 relevant jobs around the world by 2030, which will be 10x more than the current headcount. The company will also extend its existing collaboration with globally distinguished research institutes and varsities and support...

Altoida raises $6.3 million in series A funding round to further AI-enabled healthcare goals

Georgia-based healthcare firm Altoida Inc has raised $6.3 million (£5m) in a series A funding round conducted by German pharmaceutical company Merck KGaA-owned capital venture firm M Ventures, with participation from Grey Sky Venture Partners, VI Partners AG, Alpana Ventures, and FYRFLY Venture Partners.

Altoida, which is led by a team of esteemed neuroscientists, physicians and computer scientists, utilises digital biomarkers to drive better clinical outcomes for brain disease....

Google discusses new reinforcement learning model in new “off-policy classification” paper

A team of AI researchers at Google has recently published a paper titled “Off-Policy Evaluation via Off-Policy Classification” on its blog. The paper talks about “off-policy classification” or OPC -- as the researchers call it -- which assesses the performance of AI-driven agents by treating evaluation as a classification problem.

The team says that their approach, which involves a variant of reinforcement learning that uses rewards to drive software policies toward goals,...

Accenture: How automation, augmentation and innovation will mean success in AI initiatives

According to a report from Accenture, artificial intelligence is forecast to double economic growth by 2035. The opportunity is a big one; the chance to transform business, as well as society in general, is there – but overcoming ethical and technological roadblocks needs to occur before progress is truly made.

Cyrille Bataller (left), managing director of emerging technology innovation at Accenture, has been involved with artificial intelligence in some capacity for the...

Infosys: On how edge computing and blockchain will be key in different ways for AI

Artificial intelligence (AI) has gone beyond the way of the buzzword, all hype and no substance. Indeed, the technology is being increasingly seen in the enterprise as important in concert with other technologies such as the Internet of Things (IoT) and edge computing.

A report from KPMG last month explored how artificial intelligence would look to influence business. Among millennial respondents, AI came out on top as the biggest technological priority, ahead of IoT and 5G. Yet...

Biofourmis raises $35m in series B funding round to further biotech and AI ethos

Singapore-based biotech provider Biofourmis has raised $35 million (£28m) in a recent series B funding round led by Sequoia India and MassMutual Ventures, along with EDBI, Jianke, and existing investors Openspace Ventures, Aviva Ventures and SGInnovate.

The raised amount will be used by Biofourmis to commercialise in the US and Asia and expand its team focused on data science, clinical and regulators and sales operations.

Kuldeep Singh Rajput, founder and CEO of...

93% of firms committed to AI – but skills shortage posing problems

According to new research from software provider SnapLogic, many firms have fully invested in AI but more than half do not have the required in-house talent to execute their strategy.

As the study notes, 93% of US and UK organisations consider AI to be a business priority. However, more than half (51%) acknowledge that they do not have the right mix of skilled AI talent in-house to bring their strategies to life.

In order to build the right AI team, 68% said that they...

How Squirrel AI is looking to provide ‘adaptive learning’ to revolutionise education through AI and big data

Of all the areas where artificial intelligence (AI) technologies could make the most impact, education could well be the furthest reaching – as well as the most egalitarian.

Many examples of this, as with many industries disrupted by AI, have explored how artificial intelligence will augment teachers’ current skills, rather than entirely eradicating it. Speaking to McKinsey this time last year, Jennifer Rexford, computer science chair at Princeton University, noted that if you...

Pardeep Bassi, LV=: On data science best practices and AI for insurance

It is no misnomer to say that every business is becoming data-driven – but of course it is what you do with it that counts. To get a truly effective data science team firing on all aces, your organisation needs to be able to offer various comparisons, gauging the ‘insights within the insights.’

The insurance sector is therefore one which is tailor-made for this mission. Last April, Raconteur summed up this rising trend. “What is new is that data has grown in volume,...