Like electricity, artificial intelligence (AI) is a general purpose technology that has the potential to drastically alter societies through its impact on economic and social structures.

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SwissCognitiveThe AI revolution is not on the horizon — it’s already here. In fact, AI is estimated to generate $13 trillion in economic activity across the world by 2030.

AI and machine learning systems are being rapidly adopted around the world, in our households, businesses and governments. In broad terms, AI refers to data-driven algorithms that can autonomously solve problems and performs tasks without human guidance.

The many fields of science encapsulated within AI including machine learning, natural language programming, deep learning (neural networks), computer vision and robotics. The technology underpins all manner of systems, services and products that we rely on every day from search engines and ride-sharing apps to mobile banking and fraud detection.

How the country can capture the billion-dollar AI opportunity will be a major topic of discussion at D61+ LIVE , Australia’s premier science, technology and innovation event hosted by CSIRO’s Data61 on 2-3 October.

Lifting productivity with tech

Dr Larry Marshall, CSIRO’s Chief Executive believes science and technology can lift productivity and create new value for Australia.

“There is no doubt AI is creating new value across multiple industries, it is already part of our daily lives,” Dr Marshall said.

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“As Australia’s national science agency, CSIRO is using AI, machine learning, and predictive analytics, to solve our wickedest challenges, when they involve way too many variables for humans to readily manage – AI is enabling us to better predict weather, energy use, and to analyse genetics to better serve health and ageing, and to hold up our crop yields despite environmental change.

“Today Australia already has globally leading capability in a number of AI streams, including in machine learning and robots through CSIRO. Coupled with deep industry knowledge, applications of AI are here and now – not the stuff of science fiction.”

Building a positive AI future

Earlier this year the Australian Government released Artificial Intelligence: Australia’s Ethics Framework, a discussion paper developed by CSIRO’s Data61, to encourage a conversation on how Australia develops and uses AI.

The discussion paper states that “Australia is a party to seven core human rights agreements which have shaped our laws. An ethics framework for AI is not about rewriting these laws or ethical standards, it is about updating them to ensure that existing laws and ethical principles can be applied in the context of new AI technologies.”[…]

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Image: Larry Marshall: There is no doubt that AI is already creating value across multiple industries