AI is huge. According to an International Data Corporation (IDC) spending guide, worldwide spending on AI systems should clock $35.8 billion by yearend 2019. This is a 44% increase compared to the figure for 2018. As per IDC, the retail industry is the biggest beneficiary of the AI software. This article explores how firms will…
Smartphone saturation is one of the biggest headwind facing handset manufacturers around the world. Simply put, everyone who wants a smartphone has one. For that reason, manufacturers must differentiate their products and give consumers a reason to invest in new smartphones. increasedSmartphone saturation is one of the biggest headwind facing handset manufacturers around the world….
Work as a concept is more dynamic today than it has ever been. Just under a decade ago, anyone would feel comfortable in their office knowing that income was secured at least until retirement. But this is no longer the case, especially in the face of fast-evolving technology. While most of the debate around the…
For the longest time, robots have been essential, even as developers tried to make them more human in the way they operate. Fast forward researchers at Cornell University have demystified this thought by going a notch higher and coming up with a robotic fish that tries to mimic how spiders initiate movements. Robotic Fish A…
Cashless societies are increasingly cropping up, thanks to the digitization of the global financial sector. While paper money has helped shape the world for decades, a transition to a cashless world is slowly gaining traction thanks to the proliferation of the internet and mobile devices. Governments are increasingly pushing for cashless payments as a way…
Millions of Women face the risk of losing their jobs amidst new trends in the job market. Automation, as well as the emergence of new technologies, is the latest trends posing significant challenges to women in the workforce. Risk To The Female Workforce McKinsey Global Institute in a new report indicates that up to 160…
A new paradigm is taking shape in the fashion industry in response to rising globalization, changes in consumer spending patterns as well as digital innovation. While McKinsey and Company are projecting strong growth in the industry in 2019, companies that respond to changes in the broader industry are the only ones that will be able…
Getting a job has always been the primary point for learning. We all want new skills which we can leverage to get the best paying job to live the best life. But what happens when a machine threatens the job you spend years in school preparing for? Well, that is the future of work. Automation…
Artificial Intelligence adoption could inch a notch higher following the passing of new global standards by the Organization for Economic Co-operation and Development (OECD). The passing of the new standards comes at a time of growing calls for AI-powered systems to be robust and safe as well as fair and trustworthy. A study by Pew…
Artificial intelligence, machine learning, and deep learning are arguably the most significant innovations taking the 21stcentury by storm. Differentiating between the three terminologies is no easy feat, which explains why they are often used interchangeably. What is Artificial Intelligence? Artificial intelligence is the art of trying to integrate human intelligence into machines. Put, it is…
