AI bias harms over a third of businesses, 81% want more regulation

AI bias is already harming businesses and there’s significant appetite for more regulation to help counter the problem.

The findings come from the State of AI Bias report by DataRobot in collaboration with the World Economic Forum and global academic leaders. The report involved responses from over 350 organisations across industries.

Kay Firth-Butterfield, Head of AI and Machine Learning at the World Economic Forum, said: 

“DataRobot’s research...

Why AI needs human intervention

In today’s tight labour market and hybrid work environment, organizations are increasingly turning to AI to support various functions within their business, from delivering more personalized experiences to improving operations and productivity to helping organizations make better and faster decisions. That is why the worldwide market for AI software, hardware, and services is expected to surpass $500 billion by 2024, according to IDC.

Yet, many enterprises aren’t ready to have...

Deloitte launches Unlimited Reality to help businesses create AI-powered virtual worlds

Deloitte has launched Unlimited Reality, a new offering that helps clients harness emerging technologies like AI to create engaging virtual worlds as part of the metaverse.

The term “metaverse” was first coined in the 1992 science fiction novel Snow Crash but interest has skyrocketed in recent years. Long-term, the metaverse is expected to essentially be a new version of the web—a network of interconnected virtual worlds that can even combine elements of the real...

MicroAI showcasing host of AI security products at CES Las Vegas

Conference Audience

MicroAI, a Texas-based edge AI product developer, is demonstrating its Launchpad quick-start deployment tool along with its new security software at this year’s CES exhibition.

The world’s largest tech exhibition, CES is taking place at the Las Vegas Convention Centre (LVCC) from 5-7 January this year.

MicroAI has partnered with communications solutions provider iBASIS to showcase Launchpad’s management capabilities at booth 12318.

Using connectivity...

Editorial: Our predictions for the AI industry in 2022

The AI industry continued to thrive this year as companies sought ways to support business continuity through rapidly-changing situations. For those already invested, many are now doubling-down after reaping the benefits.

As we wrap up the year, it’s time to look ahead at what to expect from the AI industry in 2022.

Tackling bias

Our ‘Ethics & Society’ category got more use than most others this year, and with good reason. AI cannot thrive when it’s...

Rob Mellor, WhereScape: On data warehouse automation

Leading analysts and organisations have begun recognising data warehouse automation as being key to running a truly data-driven business.

AI News caught up with Rob Mellor, GM & VP, EMEA at WhereScape, to discuss this industry shift.

AI News: Only earlier this year did Gartner really begin recognising data warehouse automation after publishing a paper on the subject. Is this indicative of a shift in how companies view automation?

Rob Mellor: At...

Data driven leadership: trends and opportunities

According to a survey by Harvard Business Review Analytic Services, almost 75% of organisations don’t have a leadership that supports a data-driven culture or nurtures analytics-led innovation. Alarmingly, 24% of respondents say their company culture tends to limit access to information, and 20% think that organisational structure impedes use of analyzed data.

Executives also report that the adoption of analytics is at a standstill, and they have yet to realise the long-term...

Olivia Bushe, FlowForma: Why your company needs business process automation

Olivia Busche, CEO, FlowForma

Could you tell us a little bit about FlowForma and what it offers?

FlowForma is the leading provider of enterprise-class, no-code business process management and automation tools, dedicated to making intuitive and affordable process automation tools that empower businesspeople to work smarter and faster. We are business process management, automation, workflow and digital transformation experts that enable business users across all sectors to digitize, transform and...

Data scientists’ pay could hit £100k in 2022 amid ‘white hot’ jobs market

According to a forecast by Randstad, the salaries of leading data scientists could hit £100,000 by April 2022 amid a “white hot” jobs market.

A large number of vacancies across many sectors of the jobs market are leading employers to offer higher salaries to attract and retain staff. With inflation expected to hit five percent next year, workers are simultaneously looking for pay increases to keep pace with the cost of living.

Adrian Smith, Senior Director of...

CEBR: Automation increases US/UK business revenues, boosts economic resilience

Research conducted by the Centre for Economics and Business Research (CEBR), in conjunction with SnapLogic, has found that automation is having a profound impact on the monthly revenues of UK businesses.

Within three months of investment in automation technologies, UK companies saw an average increase of five percent – or £14 billion – per month.

The impact on US businesses was even higher. Over the same three-month period, US companies witnessed an average...