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Feb 01
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Digital transformation Initiatives

By Blog

In recent years, the concept of digital transformation has gained significant attention. Both big businesses and government organizations have been shifting toward it.
While the type of transformation may vary from one company to another, each business must determine the specific type of transformation it plans to undertake, as each type of transformation may have its own unique opportunities and challenges.
It’s also important to identify what will help their departments create alignment between the transformation and the company’s vision, mission, and goals.

What is a digital transformation?

Digital transformation is all about integrating technology into every aspect of your business to make it run better, whether that’s by streamlining operations, improving customer service, or even changing the company culture. It’s a big change, and it can be tough for everyone in the company to get on board. That’s why change management is so important to enable your employees to adjust to the new digital environment.

These days, digital transformation is more important than ever. While the COVID-19 pandemic accelerated the need for businesses to go digital, which was especially true in sectors like eCommerce and healthcare, where customer expectations have risen, companies that had already started their digital transformations before the pandemic were better equipped to handle the challenges that came along with it. They were also able to take advantage of new opportunities and grow their revenue.

Why is digital transformation important for businesses?

In today’s digital world, it’s more important than ever for businesses to keep up with the latest technology. In fact, according to a survey by PwC, most executives believe that they need to become agile and have strong digital capabilities, including offering new products and services, managing risks, and increasing operational efficiency.
Accordingly, companies are investing drastically in digital transformation; IDC estimates that global spending on digital transformation will exceed $10 billion over the next decade. These investments will be used to improve internal operations, such as back-office support and core infrastructure enhancements for accounting and finance, human resources, legal, security and risk, and IT.

In addition, many organizations, particularly those in the securities, investment services, banking, and retail sectors, are also focusing on improving the customer experience through digital transformation.

What motivates digital transformation in the business world?

The main drivers for digital transformation are the need for innovation and increased agility within organizations. Which requires embracing new technologies and letting go of outdated mindsets and processes that may hinder progress.
Legacy technology can create substantial barriers to digital transformation as it is not equipped to handle complex and dynamic multi-cloud environments.

As organizations become aware of the limitations of legacy technology, they begin to look for transformation to improve productivity and employee satisfaction, resulting in improved customer service, as digital transformation provides companies with a deeper understanding of their customer’s needs and desires.

Developing an Effective Digital Transformation Strategy

Having a comprehensive digital transformation strategy is the key factor in ensuring your organization’s growth and success.
In the beginning, it’s important to spell out how you plan to use technology to reach your goals. It’s also crucial to take a step back and conduct a high-level review of your business, just like you would with any other major project.
Additionally, you should think about where your business stands in the market, where the market is headed, and how your strategy can adapt to those changes. It’s important to have an eye for the future and a plan to make it happen.
Finally, it’s good practice to estimate the return on investment from transformation and have a way to measure how well you’re meeting your business objectives in relation to the investment you are going to make.

Transforming Business operations

When it comes to transforming business processes, the operational data store is a vital tool for providing easy access to current operational data. It acts as a storage place for all current data, allowing for real-time insights into any business issues.
It’s important for any business to succeed in digitization efforts to examine all internal processes, such as recruitment, product development, invoicing, and IT infrastructure, in order to improve efficiency, agility, and visibility.
Utilizing technologies like data processing, analytics, AI, and API protocols can assist in these efforts and achieve the ultimate goal of the transformation initiative, which is to improve the customer experience and satisfaction.

Transforming the business model

An effective business model is essential to the company’s success. It covers how products are created, delivered, and value added, and it should be tailored to the specific cultural, social, and economic environment of the company.
Transforming the business model may involve revamping, modifying, or creating new strategies to increase profits.
To align the company’s operating model with its strategic vision for digital transformation, businesses’ digitalization of production lines, supply chains, and other aspects must result in lower costs and increased productivity.
Additionally, security measures against digital threats such as hackers, identifying thieves, and spying applications should be put in place to safeguard the company’s reputation and secrets.

Transforming business knowledge

Digital transformation requires promoting digital knowledge within the business and empowering all employees to understand their roles and the transformation’s impact on customers. Along with reevaluating the business vision, mission, and goals to align with its values.
This can be achieved through skilling, reskilling, and upskilling initiatives to improve employee skills and knowledge, which would help cut costs and encourage knowledge sharing and better communication between employees and employers.

Transforming the business culture:

Digital transformation can shake up established ways of working and interacting with customers. While change is often desired, it can also be met with resistance. To ease this transition, it’s important to adapt the corporate culture to better handle the changes brought about by digital transformation. This can be done by educating employees and customers on the new systems and processes and by clearly defining the company’s values and behaviors, establishing accountability, and aligning the culture with the brand. This approach will help ensure a smooth transition and bring everyone on board.

Rethinking the Business Transformation

 

A successful digital transformation for businesses goes beyond just streamlining current operations. It is about finding new opportunities for growth and expansion by taking advantage of the new technology to broaden the company’s scalability and product lines and reach a wider audience.

To make the most of these opportunities, leadership within the company must take a proactive approach to reviewing and updating its own strategies for using data, fostering innovation, meeting customer needs, and redefining the principles that will drive the business into the unknown sphere.

For example, if the initiative seeks to enhance the customer experience by creating a system to improve engagement with the business, this will give the business a competitive edge, and more data will be generated, allowing for greater data analysis through IT architecture, which provides the company with real-time insights about competition, customer interactions, and service delivery. The focus in such a scenario should be on! guess it?

True, it should be on meeting customer satisfaction and making use of generated data.

Challenges and opportunities ahead

Digital transformation is a way for organizations to adapt and stay ahead in a rapidly changing market, which requires a fertile environment for innovation along with building agility and fostering creativity within the organization.
While every organization wants to embark on a digital transformation journey, it can be difficult to execute.
Research shows that 70% of digital transformation initiatives fail, often resulting in serious consequences such as data breaches or security vulnerabilities.
Organizational resistance to change is one of the main reasons for failure, combined with a lack of support from management, employee hesitation, and difficulties with team collaboration.

Furthermore, a lack of a digital-savvy culture, insufficient expertise and experience, and ongoing challenges can also lead to failure.
Additionally, if a transformation strategy only focuses on digitization and not on automation and AI-enabled processes, it will not be effective. Automation and AI enable operational efficiency, cost reduction, and product innovation, allowing teams to focus on strategic efforts.

 

Jan 25
Love0

Does My Business Ready for Artificial Intelligence? A Complete Guide

By Blog

Have you ever wondered about the hype surrounding AI technology?
Many people have the misconception that AI is like the evil computer in Hollywood movies that tries to take over the world and subjugate humankind.
However, the reality is far from this. Actually, AI is already integrated into many aspects of our daily lives. For example, it is used in Google search to predict what you’re looking for, in online shopping to suggest products, and in albums and apps to recognize faces. AI integration into our lives makes things easier and provides us with more free time to pursue our goals.
Companies are racing to take advantage of this technology, but they need to be aware of how it’s being used and to what extent it can be integrated into their systems in order to maximize the ROI of adopting AI and stay competitive in the market.

How to know when AI is the right solution

Many large companies have already adopted artificial intelligence, especially those that aren’t at risk of falling behind. A recent survey by McKinsey found that 55% of companies are using AI in at least one area, and 27% of earnings before interest and taxes are attributed to AI.
But what about small businesses? which may lack the financial and technical resources to adopt it?

Well, on the one hand, not adopting AI could mean the difference between a thriving business and one that struggles to grow.

AI can automate repetitive tasks, freeing up time and resources for small businesses, which can be especially valuable in those cases where time is a precious commodity.
Additionally, early adopters will have a competitive advantage, particularly in areas such as marketing and lead generation, and will also be able to spend less time on customer support and fine-tuning campaigns, which will prompt various industries, leading vendors, and businesses to look for ways to implement it.

On the other hand, not all businesses can benefit from AI, and using it inappropriately can lead to wasted resources and create confusion among employees, customers, and leads.
So businesses need to be aware of the challenges that may arise with AI and make sure they are using it wisely and efficiently before embarking on an AI project, and it is important to consider whether it meets the criteria of having business value, having access to sufficient trained data, and having a culture that is open to change. Evaluating these factors can help ensure that your AI project will not be a wasted investment.

Before determining if your organization is prepared to adopt AI, various questions need to be considered.

Do we have enough data?
To be able to develop and automate your business with AI, it is crucial to have enough data. The amount of data required will vary depending on the complexity of the problem and the learning algorithm. Utilizing good-quality, unique, and original data is the key factor for AI algorithms to perform well. Therefore, organizations can consider AI implementation if they have a substantial amount of data at their disposal.


Do we have quality data?
One of the major challenges in AI is ensuring the use of high-quality data.
Data obtained from the internet is not tailored to a specific business and its operations.
To guarantee accurate outcomes from the AI algorithm, it is essential to have specific data for the business and its processes.
This can be achieved by regularly updating, adding comments to any modifications, discarding outdated or irrelevant data, creating backups, filling in any missing data, monitoring any changes made, and using standardized data formats. It is vital to identify and address any deficiencies in the system before implementing AI.

 

Which processes are we considering for automation?
When considering automation in business, identifying processes that are best suited for AI automation is crucial.
Automating the processes that typically require many employees, are repetitive, and take a lot of time to complete manually can save both time and money for any type of business.
To identify the processes and routines that can be automated in an organization, there are quite a number of factors to consider beforehand, such as data requirements, availability of data, common requests, time-consuming tasks, costly manual processes, and the ability to shift employees to other high-priority tasks.

 

In what areas do we require assistance with decision-making?

AI is a powerful tool for analytics and decision-making, and many leading organizations are using it to gain valuable insights and make better decisions. In the field of marketing, for example, AI can help gather real-time data on customer behavior, create forecasting, and predict trends to make more informed decisions on product placement, marketing strategy, and more.
However, before adopting AI, it’s important to understand the decision-making capabilities of AI and identify the areas in which it can be most beneficial.

 

Is our workforce equipped with the necessary skills and qualifications?
Before adopting AI, it’s important to ensure that you have skilled, trained, and experienced employees to manage the technology. Without the right employees, AI adoption may not be successful. To overcome this, you can provide online classes to existing employees, create a plan to hire professionals, and invest in training for long-term success. Remember, AI depends on human input and data to function properly, and it’s important to have a team in place that can handle AI and automation tasks.

 

Is investing in AI worthwhile?
To determine if your organization is ready for AI, perform a cost-benefit analysis. Once you have identified how you want to use AI, consider the following points: Create a checklist of your goals, research industry data, understand the cost of the specific AI technology, consider secondary factors such as licensing, salaries, and risk, and calculate the cost of the current manual process. This will give a clear vision of whether AI will be worth the investment or not. AI can save money in the long run when implemented successfully.

 

Maximize Your ROI: Here is a set of precautions to consider Before Investing

 

Begin with the most basic solution available
Zack Fragoso, data science and AI manager at Domino’s Pizza, suggests that data scientists often have a tendency to lean towards an AI-first approach, but AI is not always the best solution. The company has been adopting change during the pandemic, with customers now having 13 digital ways to order pizzas. Domino’s generated over 70% of sales through digital ordering channels in 2020, which has created an opportunity for AI. However, the key to applying AI at Domino’s has been to start with the simplest solution possible. This way, the solution runs faster and performs better, and it is also easier to explain to business partners. The approach is to first look at the simplest, most traditional solution to a business problem, then determine if there is a value-add in the performance of the model if AI is applied.

Use historical data as a basis for AI predictions

Using past data as a basis for predicting future outcomes is a key aspect of AI. However, it’s important to note that AI’s predictions are limited by the quality and relevance of the historical data used. Additionally, external factors that cannot be predicted or controlled can greatly impact the accuracy of AI predictions. It’s also important to consider if the implementation of AI will change the behavior of the system being analyzed. Therefore, it’s crucial to carefully assess the specific problem and potential limitations before committing significant resources to an AI solution.
The COVID-19 pandemic has demonstrated how unforeseen events can greatly impact a company’s revenue, as seen in McKinsey’s state of AI survey, where there was a decline in revenues in various areas.
AI can be useful in situations where history is likely to repeat itself, but its usefulness diminishes when there are unpredictable factors or changes in behavior as a result of its implementation. One example is a consumer goods conglomerate that tried to use AI to forecast financial metrics, but the predictions were inaccurate due to biased data and assumptions. In this case, a simpler solution, such as a financial dashboard, provides the necessary insights without the need for extensive AI implementation.

Obtaining data for your AI projects: The challenge ahead
One of the main challenges of AI projects is having enough high-quality data that is properly labeled and without biases. Collecting this data can be time-consuming and expensive, and companies need to consider whether the data can be reused for other projects. Additionally, businesses need to be clear about what decisions they want to make with their data and ensure that the data collected is representative and captures the questions they want to answer. In some cases, a rules-based system or traditional formulas may be a more efficient solution than using AI. It is important to consider if the improved performance provided by AI is necessary for the project and if it will provide a good return on investment.

AI Recommendations could be worth $300 Million in losses.
The real estate company Zillow has learned the hard way that AI predictions could come with a high cost, having to write down $304 million worth of homes it purchased based on the recommendation of its AI-powered Zillow Offers service. The company may also have to write down another $240 to $265 million next quarter, in addition to laying off a quarter of its workforce.
The CEO of Zillow, Rich Barton, explained that they have been unable to accurately forecast future home prices due to the impact of the pandemic and the supply-demand imbalance that led to a rise in home prices at an unprecedented rate. This serves as a reminder that AI predictions can be affected by unforeseen events and that it’s important to understand the limitations of AI.

In summary, AI can bring many benefits to your business by increasing productivity, reducing workloads, and driving growth. However, it’s important to keep in mind that it’s not a universal solution for everything and should not be considered a magic solution for increasing profits; it’s based on math, and it does require a large amount of data to function properly. If a company does not produce a lot of data, it’s unlikely that AI will bring significant benefits to the business. To adopt AI successfully, a company must have structured data, well-defined business problems, and a flexible strategy in place.

Jan 12
Love0

Transforming business with the power of Computer Vision

By Blog
“Transforming business with the power of Computer Vision”

The human ability to interpret and respond to visual information has always been taken for granted. However, it turned out that replicating it into machines is a challenging endeavor that took decades of research to overcome. This is due to the vast amount of information in the visual world and the fact that we still have much to learn about how human vision works and how the brain processes visual information.

Although computer vision CV still isn’t as complicated as human vision, it has made significant progress and has become practical for various business applications.

In this article, we will explore the intricacies of CV and its use cases in the business world

What is Computer vision?

Computer vision is the branch of computer science that allows computers to interpret and understand visual data from around the world to replicate and, in some cases, exceed human capabilities.

Recently, there has been significant progress in this field due to the use of neural networks and the increase in computing power, data storage, and inexpensive high-quality cameras.

This technology works by analyzing the pixel data from cameras and using specialized algorithms to identify patterns and objects. These algorithms are trained using large amounts of sample images, and with progress in machine learning and cloud computing, this process has become increasingly automated, resulting in highly accurate computer vision models.

Computer vision technology is now able to perform a wide range of advanced tasks, such as asset monitoring, predictive maintenance, inventory management, disease prevention, and initiating actions or alerts based on input, allowing humans to focus on more valuable tasks.

The process of computer vision can be broken down into three stages:

  • Capturing the image: where digital cameras produce a digital file of binary data
  • Analyzing the image: where algorithms are used to identify the basic geometric elements of the image
  • Understanding the image: where high-level algorithms make decisions based on the analyzed image.

Why is computer vision important?

Computer vision technology is becoming more and more popular as AI and IoT are implemented across different industries. These technologies allow data to be extracted from the environment through the use of various sensors that provide feedback on different data points such as temperature, proximity, vibration, and pressure. While other sensors like laser measurement and radar, LiDAR, and infrared systems have their specific advantages, computer vision can give more detailed and nuanced information about the surrounding environment. This includes the ability to identify, classify, and react to various conditions, as well as infer data from obscured or hidden objects.
This can be particularly useful in situations like warehouse inventory management where a camera may only have a limited view, but with the help of computer vision’s 3D modeling capability based on product size and shelf depth, the system calculates the total number of items in a given space.
Additionally, computer vision can be used in combination with other sensors to gain a more thorough understanding and deeper insights in the context of product inspection, where the system that uses computer vision can not only detect defects but also trigger further diagnostic analysis using the sensors to pinpoint and locate the source of the malfunction.

“Why the Present is Ripe for Adoption of Computer Vision”

In recent years, there has been an upsurge in the number of AI and computer vision-related products, specifically those that utilize cloud-based technologies, frameworks, and microservices. This has made it simpler for data scientists with minimal experience to build and maintain machine learning models. In addition, advances in edge devices have made it possible for these models to operate without the need for cloud-based resources. Which resulted in more efficient, accurate, and cost-effective models. Moreover, the widespread turmoil caused by the COVID-19 pandemic in 2020 accelerated the pace of digital transformation across various industries and led to an obvious shift in perceptions about the importance of AI, automation, and IoT, resulting in an expansion in investments in these areas.

Computer Vision use cases in business

Use cases in energy and resources

The energy industry is heavily investing in computer vision technology as it has the potential to save time and money, according to research from Insight and IDG. One of the main use cases for this technology is employee safety, with 88% of those investing in or planning to invest in computer vision exploring how it can be used for this purpose. By automating certain processes, computer vision can reduce human exposure to dangerous environments, such as inspecting pipelines or wind turbines. This can help to lower costs, reduce risk and human error, and enable early repairs of equipment. Computer vision has also been used to improve efficiency in tasks such as land surveys and equipment maintenance in mining operations. Additionally, in the quest to improve energy efficiency, computer vision is being utilized to analyze satellite imagery, monitor weather conditions, and improve the accuracy of power requirement estimates by region.

Use cases in manufacturing

Computer vision is becoming increasingly popular among manufacturing and production companies, with 78% of them investing in or planning to invest in it. It provides many benefits, such as reducing downtime, improving employee safety, reducing theft, and improving customer outcomes. In addition, it can be used to pull out employees from remote or high-risk environments and decrease the potential for human error. Moreover, it can help improve predictive maintenance and create a safer working environment. All in all, computer vision is proving to be a valuable asset for manufacturers and production companies.

Use cases in retail

Retailers are turning to computer vision technology to maximize their inventory and reduce expenditures. By correlating inventory data with ERP systems, discrepancies can be identified, and future purchasing decisions can be made with confidence. Moreover, shrinkage can be decreased by identifying valuable items and linking pricing to POS machines. Thermal cameras are also being employed to reduce losses and enhance food safety. Furthermore, computer vision can be utilized to notify staff of product spills, lengthy checkout lines, and curbside pickups, allowing them to act quickly and prioritize customer satisfaction. By establishing computer vision solutions, retailers are able to boost their profitability, product availability, and customer experience

Use cases in healthcare

Computer vision technology presents a variety of opportunities for healthcare, particularly in medical diagnostics for conditions such as cancer and heart disease. However, the potential harm caused by a misdiagnosis is a significant concern, making it necessary for stricter protocols to be put in place, such as more thorough training, tighter margins of error, and greater human involvement. To mitigate this risk, healthcare providers are exploring alternative, lower-risk applications of the technology to optimize processes and enhance patient care. One popular example is utilizing optical character recognition (OCR) to automate document processing, which can reduce administrative burdens and decrease errors while also allowing healthcare providers to spend more time with patients. Additionally, computer vision can be utilized to improve inventory management and guarantee that medical supplies are easily accessible. Moreover, it can also be used to enhance security by monitoring pharmaceuticals and controlling the spread of COVID-19. With the ongoing pandemic, computer vision has become increasingly valuable in detecting fever symptoms and promoting good hygiene practices.

Use cases in Agriculture

Computer vision technology can be used in the agriculture industry to improve crop production and reduce the use of herbicides. A demonstration at CES 2019 featured a semi-autonomous combine harvester that used AI and computer vision to analyze grain quality and find the best route through the crops. Additionally, computer vision can be used to identify weeds, allowing herbicides to be targeted directly at them, which could potentially reduce herbicide usage by 90%.

Use cases in transportation

Autonomous vehicles: Computer vision technology plays a vital role in the functioning of autonomous vehicles, as it allows the vehicle to perceive and understand its surroundings. Automotive companies such as Tesla, BMW, Volvo, and Audi make use of a combination of cameras, lidar, radar, and ultrasonic sensors to gather images and data from the environment. These tools help the vehicle identify objects, lane markings, traffic signs, and signals, which in turn enable the vehicle to navigate safely on the road.
Parking and Traffic: Computer vision can improve parking operations by using Automatic Number Plate Recognition (ANPR) technology to grant access to specific or all vehicles in a ticketless car park. Additionally, it can keep track of parking occupancy and identify how long vehicles stay in certain parking spaces in real-time, speeding up payment transactions and applying different pricing within the parking lot. Furthermore, it can detect stolen or uninsured vehicles and prevent criminal activity. Additionally, computer vision can help manage traffic by monitoring and analyzing density in different areas and reducing safety risks by assessing road conditions and detecting defects.

“How to Select the Right Use Case for Your Business Needs”

When considering implementing computer vision to address business challenges, it’s essential to choose the right use case. Computer vision has a wide range of potential applications; however, to ensure maximum benefits and minimize potential harm, it’s important to pick a use case that has clear business value, is relatively simple and specific, has high-quality labeled data, and has strong executive support for responsible AI usage. It’s essential to have all four of these criteria met for a project to be successful. Lacking any one of these factors could lead to difficulties in delivering results and even a negative impact on human outcomes. To identify the best use case for computer vision in an organization, we should ask questions like:

  • Is there value in the proposed use case?
  • Is there enough accessible data?
  • Is there enough support and sponsorship?
  • Is it responsible for implementing this use case?

By choosing the right use case, we will ensure a steady flow of visible benefits and encourage future AI investments while expanding expertise and reusable methods. Conversely, projects that fail to deliver value will miss potential benefits and discourage future investment in AI.

In summary,
Many organizations have come to realize the value that computer vision can bring to their business. Over 90% of organizations have acknowledged the potential benefits of computer vision technology. Even though there are some factors to consider when investing in this technology, the benefits of a successful implementation outweigh the costs. By using best practices and utilizing computer vision, organizations can improve their processes, increase their revenue, and enhance the experiences of both employees and customers. Adopting computer vision early can give organizations a competitive edge as this technology continues to influence the marketplace.

Jan 06
Love0

Anticipated Progress in Artificial Intelligence by 2023

By Blog

“Artificial intelligence (AI) has both positive and negative impacts, just like any technology. For example, art-generating models such as Stable Diffusion have contributed to artistic innovation and spawned new business opportunities, but their open-source nature also allows for the creation of deep fakes on a large scale, leading to concerns from artists about profit being made from their work.
As we look ahead to 2023, it is uncertain how AI will be regulated and whether new, revolutionary forms of AI like ChatGPT will continue to disrupt industries that were previously thought to be immune to automation.”

Artificial Intelligence by 2023

Expect more (problematic) art-generating AI apps

There will likely be an increase in art-generating AI apps similar to Lens, the popular AI-powered selfie app from Prisma Labs. However, these types of apps have the potential to be problematic, as they may be susceptible to being tricked into creating inappropriate content and may disproportionately sexualize and alter the appearance of women.
Despite the potential risks, experts believe that the integration of generative AI into consumer technology will continue to be a significant and influential force, with the goal of achieving significant financial success or making a meaningful impact on the daily lives of the general public. However, this may not always be successful.

Artists Spearhead Movement to Reject Data Collections

Artists have been advocating for the ability to opt out of data sets used in the training of artificial intelligence (AI) systems. This issue arose after DeviantArt released an AI art generator that was trained on artwork from its community, leading to a wide range of criticism from the platform’s users due to the lack of transparency in using their art.
While popular AI systems OpenAI and Stability AI claim to have taken steps to prevent infringing content, there is clear evidence that more work needs to be done. Stability AI, which is funding the development of Stable Diffusion, has announced that it will allow artists to opt out of the data set used to train the next iteration of Stable Diffusion.
OpenAI, on the other hand, does not offer an opt-out mechanism and instead licenses image galleries from organizations such as Shutterstock.
In the US, Microsoft, GitHub, and OpenAI are being sued in a class action lawsuit for allowing Copilot, GitHub’s code suggestion service, to replicate licensed code without proper attribution.
It is expected that criticism of AI systems and the use of data sets to train them will continue to increase, particularly as the UK considers new rules that would remove the requirement for publicly trained systems to be used solely for non-commercial purposes.

Open-source and decentralized initiatives will keep gaining traction

There has been a trend in recent years towards a few large AI companies, such as OpenAI and Stability AI, dominating the field.
However, it is possible that this trend may shift in the coming year towards open source and decentralized efforts as the ability to create new systems becomes more widely accessible beyond just large and well-funded AI labs.
This shift towards a community-based approach may lead to more careful scrutiny of AI systems as they are developed and deployed.
Examples of community-driven efforts include EleutherAI’s large language models and BigScience’s efforts, which are supported by the AI start-up Hugging Face. While funding and expertise are still necessary for training and running sophisticated AI models, decentralized computing may eventually compete with traditional data centers as open-source efforts mature.
The Petals project, recently released by BigScience, is an example of a step towards enabling decentralized development by allowing individuals to contribute their computing power to run large language models that would normally require specialized hardware.
However, large labs will likely still have advantages as long as their methods and data are kept proprietary, as seen with OpenAI’s release of the Point-E model, which can generate 3D objects from text prompts but did not disclose the sources of its training data.
Despite these limitations, open source and decentralization efforts are seen as beneficial for a larger number of researchers, practitioners, and users but may still be inaccessible to many due to resource constraints.

AI businesses prepare for upcoming regulations

As AI becomes increasingly prevalent in various industries, there is a growing recognition of the need for regulatory measures to ensure that AI systems are developed and deployed ethically and responsibly.
For instance, the EU’s AI Act and local regulations, such as New York City’s AI hiring statute, are established to tackle potential biases and technical flaws.
It is likely that there will be debates and legal disputes over the details of such regulations before any penalties are imposed.
Companies may also look for regulations that are more beneficial to them, like the four risk categories of the EU’s AI Act.
The categories range from “high-risk” AI systems, such as credit scoring algorithms and robotic surgery apps that must meet certain criteria before being sold in Europe, to “minimal or no-risk” AI systems, such as spam filters and AI-enabled video games, which just need to be transparent about the usage of AI.
Although there are worries that companies could take advantage of the lower-risk categories to avoid inspection and limit responsibilities,.

What the Growing Market Investments Look Out For in 2023

Artificial intelligence (AI) investments may not necessarily be successful, according to Maximilian Gahntz, a senior policy researcher at Mozilla.
He advises caution when developing AI systems that may benefit many people but also potentially harm some individuals, as there is still much work to be done before these systems can be widely released.
Gahntz also emphasized that the business case for AI involves not only fairness but also consumer satisfaction.
If a model produces shuffled, flawed results, it is unlikely to be popular among consumers.
Despite the potential risks, investors seem eager to invest in promising AI technologies.
Several AI companies, including OpenAI and Contentsquare, have recently received significant funding.
While some AI firms, such as Cruise, Wayve, and WeRide, focus on self-driving technology and robotics, others, like Uniphore and Highspot, specialize in software for analytics and sales assistance. It is possible that investors may choose to invest in AI applications that are less risky but also less innovative, like automating the analysis of customer complaints or generating sales leads.

Jan 03
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The Potential of Artificial Intelligence in the UAE’s AI-Powered Government

By Blog

Artificial intelligence (AI) is increasingly being embraced by governments around the world as a tool to improve efficiency, decision-making, and service delivery.
In the United Arab Emirates (UAE), AI has played a significant role in shaping government policies and initiatives, particularly in areas such as education, healthcare, and transportation.

The UAE has been at the forefront of adopting and integrating AI into various sectors, with a focus on using technology to drive innovation and progress.
The government has established initiatives such as the UAE AI Roadmap 2031 and the Dubai 10X initiative, which aim to position the country as a global leader in AI and harness its potential to drive economic growth and improve the lives of citizens.

In this article, we will explore the ways in which AI is being utilized in the UAE’s government policies and initiatives and the impact it is having on various sectors.

“UAE Launches Artificial Intelligence and Coding License to Attract Investment and Talent”

The Artificial Intelligence (AI) and Coding Licence have been created to encourage investment in AI and attract AI companies and coders to the United Arab Emirates (UAE).
The license aligns with the goals of the UAE’s Artificial Intelligence Strategy 2031 and allows companies holding the license to work at the DIFC Innovation Hub, a hub for FinTech and innovative companies in the Gulf Cooperation Council region.
It also gives companies the opportunity to provide their employees with UAE Golden Visas. This is the first of its kind in the UAE and was launched by the Dubai International Financial Centre in collaboration with the UAE Artificial Intelligence Office.

“The UAE’s National AI Strategy 2031 and Program for Artificial Innovation Aim to Foster Technological Growth and Talent”

The UAE is utilizing artificial intelligence (AI) ethically and is committed to rapidly adopting AI technologies in government and fostering AI talent. To achieve this, the UAE has implemented the National AI Strategy 2031 and the UAE National Program for Artificial Intelligence. Initiatives in the UAE also aim to support technological businesses and startups by providing access to funding, networks, and a favorable environment for innovation and growth.
The UAE is also focused on cultivating a new generation of talent with expertise in AI and cutting-edge technologies through the integration of AI technologies in education at all levels and the development of AI skills in higher education. There are Several universities in the UAE, including

These universities offer various majors in AI at various levels for those interested in pursuing a career in this field.
These institutions offer both graduate and undergraduate programs in AI, and some are ranked among the top universities for AI by the QS World University Ranking.
In addition, the UAE offers numerous scholarships for those interested in studying AI in the UAE or abroad. These scholarships, provided by organizations such as the Telecommunications and Digital Government Regulatory Authority (TDRA) and MBZUAI, support education in ICT-related disciplines at prestigious universities in the UAE and abroad and offer full tuition coverage, a monthly stipend, and other benefits. Further information on these scholarship opportunities can be found here.

“United Arab Emirates Government Releases Multiple AI-Supportive Initiatives & contests”

The National Program for Coders is an initiative in the United Arab Emirates (UAE) that aims to support the growth of the country’s digital economy by developing talent, expertise, and innovation in coding.

UAE Codes Day, celebrated on October 29th, recognizes the importance of coders in UAE society and works to establish the country as a desirable location for coders and a hub for new talent.

The UAE National Program for Artificial Intelligence (BRAIN) is a comprehensive collection of resources that demonstrate the advancements in AI and robotics, with a particular focus on the UAE’s goal of becoming a leading participant in the ethical use of AI globally.
This program outlines the various initiatives, collaborations, partnerships, and breakthroughs in the field of AI and their impact on humanity.

The UAE Council for Artificial Intelligence (AI):
The United Arab Emirates (UAE) has established the UAE Council for Artificial Intelligence (AI) to oversee the integration of AI in the government and education sectors. The council is responsible for proposing policies to promote an AI-friendly environment, support advanced research in AI, and facilitate collaboration between the public and private sectors, including international organizations. The goal of the council is to implement the UAE Strategy for Artificial Intelligence and position the UAE as a global leader in AI by 2031. To achieve this, the council will create committees and sub-councils to support its efforts.”

The UAE Artificial Intelligence Internship Program is a three-year program that aims to provide practical experiences for 120 Emirati students each year in the field of artificial intelligence (AI) technology. As part of the program, 10 students will receive intensive training for 5 days and earn a diploma in Data Engineering and Cloud from Dell Technologies. The students will also have the opportunity to gain practical experience in various departments at Dell and attend major events such as GITEX Technology Week.
The goals of the program include preparing a qualified generation of Emiratis for future jobs in the UAE, developing the skills of Emirati youth in AI technology, and awarding a diploma in Data Engineering and Cloud.

Artificial Intelligence Summer Camp:
The UAE government has established the UAE AI Summer Camp in partnership with various technology and education firms. The camp is organized by the UAE Council for Artificial Intelligence, which aims to support knowledge transfer and cultivate a generation capable of using advanced technology to address future challenges.

 

The UAE AI & Robotics Award for Good:
Is a competition that aims to encourage the development of innovative solutions using artificial intelligence and robotics to address challenges in the fields of health, education, and social services.
It also aims to raise awareness of the benefits of these technologies and turn innovative ideas into reality to improve government services in the UAE.
The competition is open to individuals, teams, universities, and companies, both nationally and internationally. UAE citizens and residents can participate in either the national or international competition, while non-UAE citizens and residents can only participate in the international competition.

 

The UAE is looking to incorporate artificial intelligence into all aspects of government services.

 

Artificial intelligence in healthcare

The Ministry of Health and Prevention (MoHaP) in the UAE has implemented various artificial intelligence (AI) technologies in the healthcare sector. In 2014, MoHaP introduced a robot to perform catheterization and cardiac surgeries at Al Qasimi Hospital.
In 2018, a new robotic device was added to Al Qasimi Hospital to perform complex catheterization and cardiac surgeries, which resulted in a 99.1% clinical success rate in complex cases and a 95% reduction in radiation exposure to the primary operator. Robots are also used for catheterization and cardiac surgeries at Rashid Hospital in Dubai. In April 2019, MoHaP launched a Robotic Surgeries Program in gynaecology and obstetrics.
In 2017, MoHaP introduced a robotic pharmacy at Al Fujairah Hospital to deliver medicines to external clinics, while the Dubai Health Authority launched a robot at Rashid Hospital to dispense medicine without human intervention.
The Medopad app, developed by MoHaP, uses AI technologies to track patients’ daily activities, monitor vital signs, and predict or detect life-threatening medical conditions. It also provides educational and awareness content to assist patients with various conditions.

Artificial intelligence in public services

The Dubai Police introduced the world’s first operational robot police officer, or “Robocop,” in May 2017. The Robocop is equipped with an emotion detector that can recognize gestures and hand signals from up to 1.5 meters away and has the ability to detect a person’s emotions and facial expressions. It can also communicate in six languages, interact and chat with people, respond to queries, shake hands, and offer a military salute.
The Dubai Municipality has also deployed robots on beaches to assist with rescue operations in case of high waves or heavy ocean currents.
The Federal Authority for Identity, Citizenship, Customs, and Port Security introduced a customer service robot called Hamad in November 2014 to serve customers in its happiness centers all over the country.
while the Roads and Transport Authority (RTA) in Dubai has a robot-operated vehicle registration plate maker and robots that clean Dubai Metro stations.
The Digital Dubai Authority has developed Rashid, a chatbot that uses artificial intelligence to provide official and reliable answers to customer questions about various transactions and procedures in Dubai.

In conclusion, the United Arab Emirates (UAE) has made significant progress in adopting and integrating artificial intelligence (AI) into various sectors, including education, healthcare, and transportation.
As the country aims to become a global leader in AI, drive economic growth, and improve citizens’ lives,.

Dec 25
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Explore the Possibilities of AI-Generated Art: Discover the Art of the Future

By Blog
AI Art

Introduction

AI-generated art is a rapidly growing field, as AI and machine learning algorithms are being used to create visually stunning pieces of art that could not be created by human hands alone. AI-generated art can range from abstract images to realistic portraits, and it can be used to explore new artistic styles and ideas. This article will discuss the potential of AI-generated art, how it is being used in the art world, and the ethical considerations surrounding this technology.

“Let’s Explore AI-Generated Art”

There are several ways that AI can be used to create art. One common approach is to use machine learning algorithms to analyze a large dataset of existing artworks and learn from them. The algorithm can then generate new art by applying the patterns and styles it has learned from the dataset to create something new.

Another approach is to use AI to assist in the creation of art by providing suggestions or ideas for the artist to work with. For example, an AI system might suggest a color palette or layout for a painting or suggest a chord progression for a piece of music.

AI-generated art has the potential to create new and interesting works that may not have been possible with traditional artistic techniques. However, it also raises questions about the role of the artist and the nature of artistic creation. Some people argue that AI-generated art is not truly “art” because it is not created by a human being, while others see it as a new and exciting form of artistic expression.

“Exploring the Evolution of AI-Generated Art: A Short History”

The concept of artificial intelligence can be traced back to classical philosophers who attempted to understand how humans think and reason. However, the first idea of programmable computers and creative machines only became a reality in the 19th century.

“Investigating the Intersection of Machines and Artificial Intelligence”

Ada Lovelace, who was nearly forgotten by history, made a lasting impact in the 1840s when she combined her love of math and creativity to become the world’s first computer programmer and a pioneer in coding. She worked closely with Charles Babbage, a prominent English mathematician, on the development of the Analytical Engine, which is widely considered to be the first computer. Lovelace was particularly interested in the potential of computing and believed that machines could do much more than just perform mathematical calculations. Over a century later, Alan Turing, another English mathematician and computer scientist, introduced the Turing Test, also known as the “Imitation Game,” which evaluates a computer’s ability to exhibit intelligent behavior that is indistinguishable from that of a human. This test has become a key benchmark in the field of artificial intelligence.

“The Rise of Generative Art: A Brief History”

The concept of using computers to create art dates back to the 1950s, but it wasn’t until the 21st century that AI-generated art began to take off. One of the earliest examples of AI-generated art was the “Abstract Expressionist” program created by Harold Cohen in the 1970s, which used AI to create abstract paintings. In the 2010s, the use of deep learning algorithms and other forms of AI in art began to gain traction, leading to the creation of a wide range of AI-generated artworks, including paintings, sculptures, and even music. Today, AI-generated art is a growing field that continues to push the boundaries of what is possible with technology and creativity.

“The Artistic Potential of Neural Networks”

The development of generative adversarial networks (GANs) marked a major milestone in the evolution of artificial intelligence and AI art. One of the first uses of GANs for artistic purposes was Alexander Mordvintsev’s DeepDream algorithm, which allowed for the examination of how neural networks understand visual concepts. The practice of training GANs on various images, including photographs and paintings, became more common among scientists and creative professionals in the following years. With the growing accessibility of open-source repositories and training datasets, artists were able to quickly generate AI art. In 2016, the Gray Area in San Francisco held one of the first auctions of AI art, featuring works by AI artists such as Memo Akten and Mike Tyka that were created using Google’s DeepDream algorithm. Just two years later, AI art made its debut on the world stage.

Obvious, a Paris-based collective, created an AI-generated image called Portrait of Edmond Belamy that was sold at Christie’s auction house in 2018. This was the first highly publicized sale of AI artwork, although many data scientists and artists had already been producing and selling AI art before this event.

“Creating AI Art: A Step-by-Step Guide”

There are various ways to create AI art, including creating images in the style of others, generating unique graphics with text illustrations, or even learning innovative coding and using code to produce art.

Google Deep Dream

Google DeepDream is a software program created by Alexander Mordvintsev, a researcher at Google, that uses a convolutional neural network to generate images based on patterns it has learned in a dataset. It was initially developed as a way to visualize the internal workings of neural networks and understand how they process images, but it has also been used to create a wide range of psychedelic and surreal images. To create an image using DeepDream, the user provides a trained neural network with an input image and specifies which features of the image they want to amplify. The network then modifies the image to enhance those features, creating a dream-like, surreal effect. DeepDream has been used for a variety of purposes, including creating art, visualizing the structure of neural networks, and exploring the capabilities and limitations of artificial intelligence.

WOMBO Dream

Another easy way to make AI art is with the WOMBO Dream mobile and browser app, which generates artwork from a text description in various pre-set styles. The app utilizes two machine learning technologies: a neural network that generates images and an algorithm that interprets text descriptions. Both of these algorithms improve with each iteration, resulting in a unique output for each request.

Lensa App

The Lensa AI app by Prisma Labs uses artificial intelligence to transform your selfies into customized portraits, allowing users to be whoever they choose to be. But while it’s become a runaway hit on social media, the app has drawn the ire of digital artists, who claim the works it generates are based on stolen art.

GauGAN2

GauGAN2 is an AI model developed by NVIDIA that can generate high-quality, photorealistic images based on simple input data such as sketches or text descriptions. It uses a type of neural network called a generative adversarial network (GAN) to train a generator model to produce synthetic images and a discriminator model to compare the synthetic images to real images and distinguish between the two. The model is designed to be used by artists and designers to create realistic images and is trained on a large dataset of real images, allowing it to produce images that are similar in quality to photographs. It is available as a tool within the NVIDIA Clara platform.

ml5.js

ml5.js is a JavaScript library that makes it easy for people with little coding experience, such as artists, designers, and creative coders, to use machine learning techniques in their projects. It provides access to a range of pre-trained machine-learning models that can be easily implemented with a few lines of code. The library is open-source and aims to make machine learning more accessible and approachable for a wide range of users.

The Role of Artificial Intelligence in Modern Art Authentication Techniques

Artificial intelligence (AI) can be used not only to create new art and stimulate artistic ideas but also to detect fraudulent artworks and protect the integrity of the art world. AI tools are revolutionizing the way that art experts attribute works to particular artists. For example, in 2021, a Swiss company called Art Recognition developed an AI system that made headlines by authenticating a disputed artwork attributed to Peter Paul Rubens and suggesting that a painting called Samson and Delilah in the National Gallery in London was not actually by Rubens. This AI technology is able to analyze features like brushstrokes and patterns in a digital photograph of the work to determine its authenticity without needing to examine the physical materials or access the original work. While the creators of this technology acknowledge that it is not always accurate and claim a success rate of over 90% in detecting forgeries, AI appears to have a greater understanding of the characteristics that define artistic genius than humans do.

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