Traditionally, biopharma companies were slow to incorporate innovative digital technologies such as artificial intelligence (AI), cloud, and the Internet of Things (IoT) in their operations. But as the COVID-19 pandemic began, companies were forced to prioritize investments in digital innovation and instill it into every aspect of work. Digital transformation
Category: Artificial Intelligence
Artificial intelligence is intelligence demonstrated by machines, unlike the natural intelligence displayed by humans and animals, which involves consciousness and emotionality. The distinction between the former and the latter categories is often revealed by the acronym chosen.
Research: AI, Sophisticated Data Systems And Blockchain Enables Employees To Exercise Greater Strategic Judgment
While the dominant narrative about tech today is that human judgment is being replaced by machines, particularly far down on the org chart, the truth is far more nuanced. The authors have conducted research into decentralized firms in which individual employees have more, rather than less, autonomy. They found that
Artificial Intelligence: Are Executives Just Resisting A New, Unknown, And Still Unproven Technology, Or Their Hesitancy Is Rooted In Something Deeper?
Data-based decisions by AI are almost always based on probabilities (probabilistic versus deterministic). Because of this, there is always a degree of uncertainty when AI delivers a decision. There has to be an associated degree of confidence or scoring on the reliability of the results. It is for this reason
Deep Learning Shows Some Promises, But Yet To Deliver On Its Own Hype
A few years back I jumped on the “machine learning will eliminate the need for radiologists” bandwagon. It wasn’t my smartest prediction. In my failure, however, I’m joined by the biggest experts in deep learning, like Geoffrey Hinton, who in 2016 proclaimed it was “just completely obvious [that] within five
Transforming The Workplace Technology By Adapting Artificial Intelligence
Successful organizations have long known that their employees are their biggest asset, but recent job numbers show how hard organizations have to work to retain them. According to the U.S. Department of Labor’s Job Openings and Labor Turnover Survey, the rate of quit levels remained significant at 4.2 million in
According To Newly-Released IBM Report Organizations Are Increasing Their AI Adoption
Just over one-third (35%) of companies reported using artificial intelligence in their businesses this year, a four-point increase from 2021, according to a newly-released IBM report. Adoption is being driven by advances that make it more accessible for businesses (43%) and the need to reduce costs and automate key processes
Are You Ready For The Metaverse: Technology And Gaming Giants Are Ready To Bring New Levels Of Virtual Work
The workplace of the 2020s already looks vastly different from what we could have imagined just a couple of years ago. Now, the metaverse promises to bring new levels of social connectedness, mobility, and collaboration to a world of virtual work. The metaverse is poised to reshape the world of
China Southern Airlines Integrated Augmented Reality, Artificial Intelligence, Cloud Computing, Internet Of Things And 5g Connectivity Into A Single Application To Improve Operations
This article describes an experiment under way at China Southern Airlines that is weaving augmented reality, artificial intelligence, cloud computing, the Internet of Things, and 5G connectivity into a single network that is being used to extend human capacities, enhance safety, and improve performance. Technologies sometimes take a surprisingly long
Strengthening Your Customer Service With AI: Creating And Delivering A Dynamic Experience That Provides Right Information And Incentives To Customers
Reimagining AI strategies to unlock a true end-to-end customer experience. Artificial intelligence can integrate two marketing tactics – getting the right offers to customers at the right time and delivering great post-sales service – to make the customer experience even better. For every brand, helping customers make purchase decisions by
In Times Of Crisis And Uncertain World, It Is Important For Companies To Become Future Ready
What makes a company “future ready”? The author analyzed top companies by revenue across four sectors, measuring seven equally weighted factors, then analyzed what leading companies were doing differently. They discovered industry specific insights, which also informed more universal lessons. First, don’t play zero-sum games with disruptors. Looking at the
There Were Scattered Successes But In General, Diagnosing Covid, Predicting Its Course, And Managing The Care, Why AI-Based Decision Tools Failed To Deliver
The pandemic could have been the moment when AI made good on its promising potential. There was an unprecedented convergence of the need for fast, evidence-based decisions and large-scale problem-solving with datasets spilling out of every country in the world. Instead, AI failed in myriad, specific ways that underscore where
To Implement, Scale, And Maintain AI Ethical Risk Mitigation Strategies, Companies Should Begin With Understanding Of The Problems They’re Trying To Solve
While concerns about AI and ethical violations have become common in companies, turning these anxieties into actionable conversations can be tough. With the complexities of machine learning, ethics, and of their points of intersection, there are no quick fixes, and conversations around these issues can feel nebulous and abstract. Getting
