This report highlights which applications in banking and payments are most mature for AI. The question is: Will you be ready?īusiness Insider Intelligence, Business Insider’s premium research service, has spent hundreds of hours researching how artificial intelligence will facilitate digital transformation across industries, but specifically how AI is transforming payments, retail, transportation and logistics, and marketing. And it will change the way you do business. Regardless of your industry, AI is everywhere. In fact, according to a report by Boston Consulting Group, retailers that have implemented machine learning technology for personalization see sales gains of 6-10% - a rate two to three times faster than retailers who haven’t.Īnd for marketers, AI can make teams more creative and help companies make better management decisions by providing new insights and better data analysis. As the market becomes increasingly cluttered, personalization is one of the key ways retailers can differentiate themselves to consumers. This will only continue as they learn more skills and companies build out their connected device ecosystems.Īnd while AI is having an enormous impact on individuals with the smart home, an even larger impact can be felt in the e-commerce space. Just look at how voice assistants like Google’s Home and Amazon's Alexa have have become more and more prominent in our lives. Air Force, had discussed with Chaillan his recommendations for the department’s future software development following his resignation and thanked him for his contributions, the FT said.AI isn't the future of technology - it’s already here. cyber defences in some government departments were at "kindergarten level".Ĭhaillan announced his resignation at the beginning of September, saying military officials were repeatedly put in charge of cyber initiatives for which they lacked experience.Ī spokesperson for the Department of the Air Force said Frank Kendall, secretary of the U.S. Google was not immediately available for comment outside business hours.Ĭhinese companies, Chaillan said, were obliged to work with their government and were making "massive investment" in AI without regard to ethics. companies such as Google (GOOGL.O) to work with the state on AI and extensive ethical debates over the technology. "Whether it takes a war or not is kind of anecdotal."Ĭhina was set to dominate the future of the world, controlling everything from media narratives to geopolitics, he said.Ĭhaillan blamed sluggish innovation, the reluctance of U.S. Right now, it’s already a done deal it is already over in my opinion," he told the newspaper. "We have no competing fighting chance against China in 15 to 20 years. ![]() military, said the failure to respond was putting the United States at risk. Nicolas Chaillan, the Pentagon's first chief software officer who resigned in protest against the slow pace of technological transformation in the U.S. LONDON, Oct 11 (Reuters) - China has won the artificial intelligence battle with the United States and is heading towards global dominance because of its technological advances, the Pentagon's former software chief told the Financial Times.Ĭhina, the world’s second largest economy, is likely to dominate many of the key emerging technologies, particularly artificial intelligence, synthetic biology and genetics within a decade or so, according to Western intelligence assessments.
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