Artificial intelligence to spawn new industries

Kate Burleigh, managing director of Intel Australia and New Zealand, said the process of AI democratisation was being aided by large technology companies opening up their technology . Dean Sewell by Ian Grayson Rapidly evolving artificial intelligence technology is spawning entire new industries and will fundamentally change existing business models. Delegates at the Reimagination 2016 event heard the swift pace of AI development will catch many organisations by surprise while early adopters stand to enjoy a significant market advantage. “AI will create completely new businesses because of its ability for prediction,” said Professor Michael Blumenstein, UTS’s head of the school of software in the Faculty of Engineering and IT. “We are moving into the age of predictive skills where we don’t need Nostradamus to tell us what is going to happen.…

Link to Full Article: Artificial intelligence to spawn new industries

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