Research: Enterprises and consumers want to increase AI adoption

New research from Juniper Networks has found a growing appetite from both enterprises and consumers to use AI technologies.

Juniper surveyed 700 global IT decision-makers for its research and found that most (67%) executives have AI as a top strategic priority for 2021.

95 percent of the respondents believe their organisation would benefit from increasing the use of AI in their daily operations. 82 percent claim it makes employees more productive and 74 percent say it...

State of ModelOps: 90% expect a dedicated budget within 12 months, 80% say risk-management is a key AI barrier

The first annual State of ModelOps report highlights some interesting trends about the real-world adoption of AI in enterprises.

Independent research firm Corinium Intelligence conducted the study on behalf of ModelOp and aims to summarise the state of model operationalisation today.

Stu Bailey, Co-Founder and Chief Enterprise AI Architect at ModelOp, said:

“As the report shows, enterprises increasingly view ModelOps as the key to ensuring operational...

Microsoft considers acquiring Siri creator Nuance for $16 billion

Microsoft is considering acquiring Siri creator Nuance for $16 billion in a deal that’s expected to be announced imminently.

Silicon Valley darling Nuance is one of the world’s most recognisable AI companies for the creation of Siri, the voice assistant that would later go on to become Apple’s first-party solution.

Nuance now focuses its efforts predominantly on enterprise communications, particularly in the healthcare space which has seen increased interest amid...

TUC: Employment law gaps will lead to staff ‘hired and fired by algorithm’

Legal experts and the Trades Union Congress (TUC) have warned that gaps in employment law will lead to staff “hired and fired by algorithm”.

A report, commissioned by the TUC and carried out by leading employment rights lawyers Robin Allen QC and Dee Masters from the AI Law Consultancy, claims there are “huge gaps” in British law.

“The TUC is right to call for urgent legislative changes to ensure that workers and companies can both enjoy the benefits of AI,”...

Research finds 1.4 million UK jobs could be automated this year

According to a Faethm AI forecast, over 1.4 million jobs in the UK could be replaced by automation this year alone.

Faethm’s mission is to prepare the world “for the future of work” by using an AI engine – trained on billions of workforce data points – to predict what jobs need reskilling versus upskilling.

James McLeod, VP of the EMEA region at Faethm, said

“Employers and employees alike need to change their perspective. The future of work is...

Opinion: Industrial transformation and the path to autonomy

It is hard to believe a bullet train is piloted by a human in the cockpit. Would you let this person take over the train at 300 miles/hour? In such a technologically advanced world, critical industrial processes such as inspections are inefficient, costly, and wasteful.

Countries are aware of their inefficiencies; according to a study by the International Monetary Fund, countries waste about one-third of their infrastructure spending due to inefficiencies. As digital technologies...

Featured: AI News’ list of innovative companies to watch in 2021

Companies around the world have ramped up their AI deployments over the past year. As with any emerging technology, AI has brought significant opportunities but also its fair share of challenges.

In this feature, AI News takes a look at some of the most innovative companies leading the way in maximising the opportunities while minimising the challenges of artificial intelligence deployments. In alphabetical order:

Affectiva

Affectiva is an MIT Media Lab spin-off...

Opinion: What is real intelligent automation?

Intelligent automation reduces costs, improves efficiency and allows businesses to initiate change through technology. When applied to business operations or customer services, it has proven to be an invaluable piece of technology as it improves productivity thus saving time in the process with quicker responses. With intelligent automation, manufacturing giant Siemens has driven 10 times faster processes at a tenth of the cost.

However, some software vendors place commodity...

Strategy Analytics defines path to AI vendor and buyer success in new report

Research firm Strategy Analytics has argued in a new report that both vendors of AI products and their users can succeed with a 'thorough understanding' of customer journeys.

The report, 'Defining the AI Buyer Journey', aims to take a comprehensive view of the 'who, what, why and how long' issues in the buyer journey, from paths to selection, paths to adoption, and implementation.

The goal is to avoid all 'AI-washing' where possible. This can occur on both the vendor...

From experimentation to implementation: How AI is proving its worth in financial services

For financial institutions, recovering from the pandemic will put an end to tentative experiments with artificial intelligence (AI) and machine learning (ML), and demand their large-scale adoption. The crisis has required financial organisations to respond to customer needs around the clock. Many are therefore transforming with ever-increasing pace, but they must ensure that their core critical operations continue to run smoothly. This has sparked an interest in AI and ML solutions, which...