Artificial Intelligence and Business Development - Being-Inkspired

Latest

Being-Inkspired is an online self-published website, focusing on business, investments, equity research, mutual fund research, technology, entrepreneurship, health and fitness, and lifestyle.

Wednesday, July 1, 2020

Artificial Intelligence and Business Development

What is Artificial Intelligence?



Artificial-Intelligence-and-Business-Development


Artificial intelligence (AI) refers to the simulation of human’s mental intelligence in machines that are programmed to think like humans and mimic their actions. Artificial Intelligence can be applied to a machine that will exhibit traits associated with a human mind such as learning and problem-solving.


From automated chatbots for problem-solving to facial recognition and ethical issues, Artificial Intelligence (AI) has been a hot the technology adopted by all tech giants including Microsoft, Facebook, Google, Oracle, etc. AI has been detrimental in improving the lives of people by automating kinds of stuff that require huge manpower.


Not only businesses but countries and governments are also leveraging AI to fight the deadly COVID 19 pandemic that has changed the lifestyle and have infected more than 10 million people globally. It is also helping scientists to monitor climate changes globally.


Role of Artificial Intelligence in Fighting Covid-19



Role-of-Artificial-Intelligence-in-Fighting-Covid-19


Ericsson recently held a workshop on AI for good and sustainable business. Dr. Aleks Krotoski, Ericsson UnBoxed Office, Social Series, and the host, said that they will be looking at the future of communication technologies.


We will look at how AI is helping us in the fight against coronavirus. How is it helping us in climate change?


For the White House call to action to battle Covid-19, Ericsson partnered with the National Institutes of Health, Georgetown University, and the White House Office of Science and Technology Policy on their open research dataset challenge Covid-19. This challenge has 10 open tasks ranging from understanding Covid-19 risk factors in finding treatment protocols.


These were the latest and greatest developments in big data to understand the basic behavior of the novel coronavirus.


“There were issues to go through, from ethics to genome sequencing. With this rich talent, we were able to deliver back to the White House. It was an incredible experience. Data was retrieving and sifting”


To keep the economy running, it is very important to come out of the house, but as more and more people are coming out, the coronavirus is also spreading tremendously. We need to leverage AI, machine learning and big data analytics to trace patients exhibiting earlier symptoms and isolate them


Sustainability and Artificial Intelligence



Sustainability-and-Artificial-Intelligence


Cecilia Nystrom, Program Manager, Data and Analytics, Ericsson Business Area Managed Services noted that they were working with AI researchers and collaborating with them to determine how they could use their expertise in the telecom domain and AI domain. They can use this information to help the society in the battle against Covid-19.


 “We also learned about climate change. Sustainability is really a great topic. We can do AI to increase the efficiency of mobile networks. If you have the opportunity to reduce energy consumption, you can also reduce costs”


The combination of business and sustainability is extremely powerful. The data volumes in mobile networks are really growing right now. It also means that new opportunities are also being enabled by all of this. However, it can also harm energy consumption.


Overconsumption of energy particularly oil and gas is leading to global warming which is increasing the average the temperature of the globe


AI now acts as an an additional tool that builds in more intelligence into the networks. For example, you can use AI in the mobile networks to predict the traffic and use effective resources which will end up saving a lot of energy as well


Jorgen Gustafsson, Sector Manager, AI Infrastructure, Ericsson Research noted that they are looking for insights as the world is looking to flatten the curve and protect the privacy of the users, which is also very critical. The telecom network has produced a lot of data. We can take this aggregated data and leverage advanced AI to squeeze out insights.


Ethics of Using AI System


Ethics-of-Using-AI-System


Paul McLachlan of Ericsson says that they are taking ethics very seriously. They are very mindful of ethics. They are leveraging AI to develop and further improve ethics and data governance.


Data localization is also a very important part that needs to be considered. Recently, the Indian government banned 59 Chinese applications including Tiktok, Shareit, UC Browser for violating data localization norms


We must also consider the fact that certain AI-based technologies violate the basic and fundamental principles of human rights.


On June 9, IBM decided to ban the use of facial recognition technology in its business development products and services used for mass surveillance and racial profiling. This is a welcome step started by tech giants like IBM, Amazon, and Google.


Amazon has put a one-year moratorium on selling law enforcement agencies its facial recognition platform “Rekognition”

Google also points out that there is a severe disparity in error rates as detection technology don’t work for dark-toned skin.

Shop with us


Thank You


Team Being-Inkspired


Follow and Subscribe


Disclaimer: The information contained herein is obtained from publicly available data or other sources believed to be reliable and Being Inkspired has not independently verified the accuracy and completeness of the said data and hence it should not be relied upon as such. While we would endeavor to update the information herein on a reasonable basis, Being Inkspired, its subsidiaries and associated companies, their directors and employees (“Being Inkspired and affiliates”) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent Being Inkspired and affiliates from doing so. This document is prepared for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision.


No comments:

Post a Comment

Please don't comment anything that violates our community standards

Latest News