Artificial intelligence: Australia falling behind as businesses fail to embrace AI, expert says

Despite Australia “punching above its weight” in artificial intelligence (AI) research, the country is failing to embrace the technology in the business sector, according to an expert. Within the next five to 10 years, Professor Toby Walsh envisions Australian businesses to be using autonomous cars, buses, trucks, and robot advisors.”In research terms, I think we punch above our weight,” the University of New South Wales and Data61 AI professor said. However, he is concerned Australia is lagging behind other countries such as the United States and China when it comes to embracing this form of computer intelligence within our businesses. “There’s been quite a long history of research into AI in Australia, but I think we’ve been a bit less successful about translating that into business,” he said. According to a 2017 Infosys report on artificial intelligence, which examined organisations from seven different countries, Australia was found to be the country most likely to have no plans to implement AI within businesses. Compared to China, where 100 per cent of respondents’ organisations reported plans to deploy AI, Australia scored a mere 20 per cent.Competing on the AI world stage On a busy street lined with cafes…


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