7 Fun Facts About AI

 

Fun fact about AI

It is commonly accepted that the Dartmouth Conference in 1956, where the phrase "artificial intelligence" was first used in public, marked the beginning of the field of AI, under the leadership of John McCarthy and a team of respected researchers. The phrase did, however, make its debut in a 1955 proposal for a "2 month, 10 man study of artificial intelligence" put forth by John McCarthy (Dartmouth College), Marvin Minsky (Harvard University), Nathaniel Rochester (IBM), and Claude Shannon (Bell Telephone Laboratories).

2 Fun AI Facts

Soon after AI, the phrase "machine learning" was first used. The IBM Journal published Arthur L. Samuel's article, "Some Studies in Machine Learning Using the Game of Checkers," in July 1959.

 
AI Fun Fact 3

In 1966, ELIZA, the first chatbot with artificial intelligence, debuted. You did read that correctly. Before Amazon's Alexa, ELIZA was first introduced 48 years ago. ELIZA, which was inspired by the literary character Eliza Doolittle, would effectively reformulate the user's input as a question. Therefore, if you informed ELIZA about some weekend activities that you were looking forward to, she would ask, "What about those plans excites you?" Creator of ELIZA Joseph Weizenbaum of MIT warned the public about the risks of allowing AI to play such a significant role in society after witnessing ELIZA in operation.

Fourth AI Fun Fact:

 Harold Cohen's AARON shows how AI can be applied in the arts. Cohen, a pioneer of computer art, graduated from the Slade School of Fine Art at the University of London in 1950 and started his career as a painter. Nearly two decades later, Cohen was seeking his next hobby when he developed an interest in computer science. Then he united his two passions and developed AARON, the name for a collection of computer programs that produce unique creative visuals.

Hugo Caselles-Dupré, Pierre Fautrel, and Gauthier Vernier are members of the collective known as Obvious who used generative adversarial networks (GANs) to generate the portrait of Edmond Belamy, which was put up for auction by renowned auction house Christie's in 2018.

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Finesse deploys Robotic Process Automation at Nesto

 

A global corporation called Nesto runs a network of supermarkets and hypermarkets. The company has grown a network of more than 100 retail locations around the GCC and India since its founding in 2004. The company credits its quick expansion to its unwavering commitment to giving clients access to premium goods from well-known brands at affordable costs.

The emergence of digital technology and e-commerce disruptors has caused supermarkets and hypermarkets to rethink their business strategies. The Nesto Group has made significant investments in its digital transformation and will continue to do so, always keeping its customers in mind. They have teamed up with Finesse, the top GCC enabler of digital transformation, to help them with automating core business operations usingAutomated robotic process (RPA).
Access to offers and promotions is a major concern for Nesto Group's clients. It is tedious and repetitive work for the marketing staff to manually design midweek and weekend promotions and upload the corresponding flyers into their internal program for more than 40 retailers.

Employees at the group invested a lot of time creating, uploading, and fixing promotional activities into their internal tool for 40+ outlets before approaching Finesse.

It is a tedious, time-consuming, and error-prone process to create or update a promotional activity. In the several stores where the deal was present, an incorrect input would cause confusion and consumer turnover.

The answer

Nesto Group and Finesse decided to make advantage of Automation Anywhere's RPA bot technology to automate this procedure. Once in place, the digital bot would replicate the work of a human by weekly developing and posting weekday or weekend promotions into the internal application.

The outcome

Every step of the promotion entry process into the internal tool has now been automated using the RPA technology offered by Finesse and Automation Anywhere. The adoption has increased productivity of the workers involved in this initiative by over 80% while saving over 12 hours of physical labor per week.

While the Nesto Group's marketing team's human labor was undoubtedly directly decreased by this RPA implementation, operational efficiency were also increased.

benefiting the Group while consistently giving its clients a better experience.

"We are grateful to Nesto Group for trusting us and partnering with us to automate their processes using Automation Anywhere's RPA bots," stated Eljo J. P., CBO & Director of Finesse. Automation is the next phase of the digital transformation, and it has successfully benefited customers, as has been demonstrated. Customers can gain an almost infinite number of advantages using RPA. To guarantee that the initiative's objectives are realized, our team will keep up its close collaboration with Nesto.

By automating monotonous processes and allowing employees to concentrate on more high-value activities, RPA has helped Nesto/WIG increase efficiency and lower expenses. We must constantly maintain

Robotic Process Automation: Is Your Job at Risk?

 The development of software robots that mimic human behavior is made simple by robotic process automation (RPA). Like people, software robots are capable of reading screens, generating keystrokes, navigating systems, locating and extracting data, and a host of other predefined tasks. Software robots can work continually, unpaid and with no perks, in contrast to humans.

According to David Zhao, general director of IT consulting firm Coda Strategy, RPA offers an effective solution to automate monotonous processes, freeing humans to concentrate on more creative work. Therefore, the most vulnerable IT occupations are those that need straightforward, recurring operations.

According to Wayne Butterfield, a partner of ISG Automation, a division of the technology research and advising firm ISG, any repetitive IT task that follows a rigorous set of processes is vulnerable to RPA. He points out that most IT positions don't match this mold, which is good news. "Even jobs on the IT service desk still, in the main, require a conversation or perhaps the interpretation of a written ticket," explains Butterfield. This means that in addition to existing technology,

Enterprise Automation Inroads

Approximately 7,800 jobs might be replaced by AI, according to a May announcement from IBM, with many of those employees moving to RPA. Large IT service providers have been eliminating tens of thousands of manual, repetitive task-based jobs for years, according to Zhao.

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What You Need to Know About AI and Data Science in 2023?

 
AI and Data Science are Revolutionizing the world in 2023

AI and data science are two of the most exciting and impactful technology domains 2023. They enable us to extract valuable insights from massive amounts of data, automate complex tasks, and create innovative solutions for various problems. However, they also pose new challenges and opportunities for businesses, society, and individuals. This article will explore some of the key trends, applications, and challenges of AI and data science in 2023.
Trends

AI and data science constantly evolve, with new developments and breakthroughs happening yearly. Here are some of the significant trends that are shaping these fields in 2023:

Data Democratization

Data democratization refers to making data and analytics accessible and understandable to everyone, not just data experts. This enables more people to leverage data-driven insights for decision-making, innovation, and collaboration. Data democratization is facilitated by tools and platforms that simplify data collection, processing, visualization, and sharing. Examples include natural language processing (NLP) tools that can analyze text and speech, augmented analytics tools that can generate insights and recommendations automatically, and cloud-based platforms that can store and manage data securely and efficiently.

Ethical and Responsible AI

Ethical and responsible AI designs and deploys AI systems aligned with human values and principles, such as fairness, transparency, accountability, privacy, and security. This is important because AI systems can significantly impact people’s rights and well-being. Ethical and responsible AI requires a multidisciplinary approach involving stakeholders from different domains, such as developers, users, regulators, ethicists, and society. Examples include frameworks and guidelines for ethical AI development, methods and tools for AI explainability, and mechanisms for AI governance.

AutoML

AutoML refers to the automation of machine learning (ML) processes, such as data preprocessing, feature engineering, model selection, hyperparameter tuning, and deployment. This can reduce the time, cost, and complexity of building ML models and improve their performance and quality. AutoML can also enable more people to use ML without requiring extensive coding or domain knowledge. Examples include platforms and services that offer end-to-end AutoML solutions, such as Google Cloud AutoML, Microsoft Azure AutoML, or Amazon SageMaker Autopilot.

Applications

AI and data science have various applications across various industries and domains. Here are some of the prominent examples of how they are used in 2023:

Healthcare

AI and data science can help improve healthcare outcomes, efficiency, and accessibility. They can enable better diagnosis, treatment, prevention, and management of diseases, enhance drug discovery and development, optimize healthcare operations, personalize healthcare services, empower patients, and support public health initiatives. Examples include AI-powered medical imaging, wearable devices, chatbots, telemedicine, digital therapeutics, precision medicine, drug discovery platforms, electronic health records, healthcare analytics, epidemic modeling, etc.

Retail

AI and data science can help enhance customer experience, loyalty, and satisfaction, increase sales revenue, reduce operational costs, optimize inventory management, improve product quality, enable omnichannel retailing, create new business models, etc. Examples include recommender systems, sentiment analysis, customer segmentation, price optimization, demand forecasting, fraud detection, product search, image recognition, voice assistants, etc.

Manufacturing

AI and data science can help improve manufacturing productivity, quality, efficiency, and safety. They can enable predictive maintenance, quality control, defect detection, process optimization, supply chain management, energy management, etc. Examples include computer vision, robotics, industrial IoT, digital twins, additive manufacturing, etc.

Education

AI and data science can help enhance learning outcomes, engagement, and accessibility. They can enable personalized learning, adaptive assessment, feedback generation, content creation, tutoring systems, gamification, etc. Examples include intelligent tutoring systems, adaptive learning platforms, educational games, MOOCs, etc.

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10 Exceptional Opportunities for Data Science Interns Copy

 

Internships in data science: 10 extraordinary paths to success

The subject of data science, which combines statistics, computer science, and domain knowledge, is one that is quickly developing. The need for qualified data scientists is still rising as businesses increasingly see the benefits of data-driven decision-making. An internship can be the ideal first step if you're a data science enthusiast seeking for opportunities to launch your career. This post will examine 10 outstanding opportunities for data science interns, each of which provides a distinctive learning environment and an opportunity to have an important effect.

Programs for Interns at Tech Giants

Numerous tech behemoths, including Google, Facebook, and Amazon, provide data science internship opportunities. These businesses have complex infrastructure and large datasets, giving interns access to cutting-edge tools and real-world data issues. They also provide coaching from seasoned professionals, making it a great place for budding data scientists to start.

Startups

For those who love data science, working as an intern at a startup might be a fascinating experience. Startups frequently have a restricted budget and must get the most out of their data. As a result, interns have the opportunity to work on a variety of projects, from data gathering and cleaning to the development of predictive models. The startup environment encourages invention and creativity, which enables interns to assume important responsibilities.

Organizations in the Public and Private Sectors

In order to solve social concerns and make informed decisions, government agencies and charitable organizations are increasingly relying on data. Data science interns in these fields might focus on initiatives supporting social justice, environmental preservation, public health, or education. These internships give you the chance to develop important data skills while having a real impact on society.

Institutions of finance

Data science is used by banks, investment companies, and insurance organizations to spot fraud, control risk, and maximize investments. Gaining practical expertise with big data, machine learning, and financial modeling through an internship with a financial institution. For individuals with an interest in the confluence of finance and data, it's a fantastic option.

Biotech and healthcare

Data science is essential to research, diagnosis, and patient care in the data-rich environments of the biotech and healthcare sectors. Working on projects involving drug research, electronic health record analysis, or medical imaging analysis, interns in these domains can advance healthcare.

E-commerce

Large volumes of data on consumer behavior and sales are generated by online merchants like Amazon, eBay, and Alibaba. Projects involving recommendation systems, price optimization, and consumer segmentation are all things that data science interns in e-commerce can work on. For individuals who are interested in the relationship between data and marketing, these experiences can be priceless.

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Robotic Process Automation: Is Your Job at Risk?

 

Software robots that mimic human behavior can be easily made thanks to robotic process automation (RPA). Software robots can read displays, create keystrokes, navigate systems, locate and retrieve data, and carry out a variety of other predefined operations, much like people can. Software robots may work continually without compensation or perks, unlike humans.

According to David Zhao, general director of IT consulting firm Coda Strategy, RPA offers an effective solution to automate monotonous processes, freeing humans to concentrate on more creative work. Therefore, the most vulnerable IT occupations are those that need straightforward, recurring operations.

According to Wayne Butterfield, a partner with ISG Automation, a unit of technology research and consulting, any IT task that follows a precise set of procedures and is repetitive in nature is vulnerable to RPA.and the ISG advising firm. He points out that most IT positions don't match this mold, which is good news. "Even jobs on the IT service desk still, in the main, require a conversation or perhaps the interpretation of a written ticket," explains Butterfield. That indicates that in order to automate even some of these procedures, additional technologies would be required in addition to RPA.

Enterprise Automation InroadsApproximately 7,800 jobs might be replaced by AI, according to a May announcement from IBM, with many of those employees moving to RPA. Large IT service providers have been eliminating tens of thousands of manual, repetitive task-based jobs for years, according to Zhao.

While transactional automation is becoming more widespread across various industries, most IT jobs are still challenging to automate. There are pockets of RPA activity in systems testing, credentials management, and service desks, but Butterfield notes that most other areas of IT have historically lacked the kind of effort needed for RPA to really take off.

The goal of RPA is to replace boring, repetitive work rather than eliminate jobs, according to Brad Hairston, advising alliance director for.......

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Take Business Planning Next Level with AI Modelling & ML

 

Consider using AI modeling and machine learning to take your company planning to the next level.

How to strategically expand in an uncertain economic climate is one of the obstacles that business owners must overcome. The epidemic has increased market volatility and uncertainty, which has had an impact on the performance of many enterprises. Executives are searching for proactive planning solutions that make use of AI modeling and machine learning technologies as the economy reaches a crucial stage.

Only 16% of CFOs, however, are using real-time economic data in their company planning, according to a recent survey. This is a missed opportunity because these technologies may deliver personalized insights that blend historical performance data with current economic data about a company. This enables managers to forecast financial results.s with various scenarios, assisting them in managing volatility and seizing opportunities.

The technique of predicting future demand for a good or service is known as demand forecasting. Demand forecasting has traditionally solely used past data from a company, which can lead to inaccurate projections of future performance. Executives are able to obtain a more precise picture of corporate expansion or contraction by including external economic data into the modeling process. For instance, the pandemic-related government stimulus caused consumer spending to surge and supply chain disruptions in the years 2020 to 2022.

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