Consulting Energy Insurance Solutions

Artificial Intelligence: Opportunities And Challenges

Artificial Intelligence: Opportunities And Challenges

Artificial intelligence is one up-and-coming technology that even complete laymen have an interest in. This is not really surprising, as has the potential to disrupt every aspect of our lives.

SwissCognitiveAs fun as it is to fantasize about doom scenarios depicted in almost every Hollywood production about robots – that will become sentient and turn against humanity – we can’t forget that we still have a long way to go.

The three basic areas of use of right now are engagement, insight, and automation, meaning that is primarily used to optimize processes, analyze data more efficiently, and define what new customer experiences could look like.

However, there are also other application areas. For example, drones use to analyze their surroundings. Now, they can process images in a way like never before, making it possible for small models to land on an extended hand.

Other examples would be protection from fraud in the insurance and financial industry using technology, chatbots and voice recognition in smart phones such as Siri.

Hyperscale cloud providers like Amazon or Google are one of the driving forces behind the rapid advancement of .

They have their own projects regarding , like , but they also use it to improve their websites and platforms. For example, Youtube is utilizing an algorithm to filter out videos with copyrighted material in it.

Startups are also very important for the advancement of . At a recent Gartner event in Munich, Germany, Alan Priestley, Senior Director and Analyst at Gartner, gave attendants a brief list of promising startups:

  • Horizon Robotics. Provider of integrated and open embedded solutions. One of their pronounced goals is to give cars ‘brains‘ to make them smart vehicles.
  • Cambricon. Pioneer of processors. The company is a financial unicorn, meaning that its value is over one billion dollars.
  • Esperanto Technologies. Developer of energy-efficient computing solutions based on the open standard RISC-V.

Most technology is in its infancy, one or two innovations have hit puberty, but the full potential of it has not been realized yet.[…]

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