AI and Machine Learning - What's the Corporate World Review?

 Artificial Intelligence is immensely taken on board by businesses. Becoming the 'Talk of Tech', many surveys have been conducted to grasp what to expect of the hyping phenomenon.

Below are some handpicked valuable insights on corporate world's reviews on machine learning.

1. 4th Annual AI for Business Summit Results 

In the lead up to the AI & Machine Learning Summit 2017,  over 200 executives from across 10 industries in Australasia were surveyed.

The survey reinforced what is already know – that AI & ML is having a significant impact on all businesses.

In fact, 95% of respondents indicated that artificial intelligence would have a major bearing on their organisations' future competitiveness. 

(Source: https://www.aisummitaustralia.com.au/content/ai-machine-learning-survey-results )

2. ZDNET SPECIAL FEATURE: HOW TO IMPLEMENT AI AND MACHINE LEARNING

In a recent survey by Tech Pro Research, only 28 percent of respondents, most of whom were in IT leadership positions, said they have firsthand experience with AI or machine learning. However, if the survey results hold true, the majority of respondents will be using the technologies at work in the next few years.

Another interesting findings from this survey was that while 42 percent of respondents said their technical staff lack the skills to implement and support AI and machine learning, 41 percent said that all the work in this area would be done in-house. Thirty-nine percent of respondents said their companies were also still working on selecting AI and machine learning vendors.

More findings from the survey are shown below. 

(Source: https://www.zdnet.com/article/infographic-50-percent-of-companies-plan-to-use-ai-soon-but-havent-worked-out-the-details-yet/ )

3. Global Advisory Survey

A recent Global Advisor survey found that nearly half (48%) of more than 20,000 people surveyed in 27 countries think AI use by private companies should be more strictly regulated.

That compares to four in ten people (40%) that said government use of AI should be more be controlled.

(Source: https://www.ipsos.com/bg-bg/keeping-ai-check-another-tech-giant-apologizes-violating-privacy )

4. Global survey: Most people expect humans will grow to trust, even love, AI

A new global survey on attitudes toward AI, commissioned by ARM, illustrates how AI uses cases may evolve, given the level of trust humans expect to have in the technology. The survey only polled those who have a basic understanding of AI, finding that most expect humans to develop emotional connections with their AI-powered tools.

(Source: https://www.zdnet.com/article/global-survey-most-people-expect-humans-will-grow-to-trust-even-love-ai/ )

Do you think Artificial Intelligence penetration in the business world would swallow human jobs? Comment what you think and check out what Elon Musk warns about AI future by clicking here.