Straight from AI & Big Data Expo: Generating business value with AI

If you ask ten different data practitioners to define AI, you’ll get ten different answers. In its simplest form, AI is software that recognizes and reacts to complex patterns—but the way in which businesses derive value from those patterns can vary drastically. 

In recent years, we’ve seen a number of incredible AI applications in healthcare, manufacturing, finance, and beyond. So, why is it that up to 92% of AI projects still fail to yield business...

Omdia: The chatbot market will remain healthily diverse

Omdia analysts have assessed that the chatbot market will remain “served by a robust, diverse ecosystem of vendors”.

The report highlights that it’s contrary to the assessment of vendor assessments and traditional technology market trends.

Mark Beccue, Principal Analyst at Omdia, commented:

“There are several reasons for a robust chatbot solutions market.

One, there is persistent market demand for solutions which address a broad spectrum of...

UK AI sector achieved record funding in Q2 2022

New data from Tech Nation and Dealroom found that VC investment in UK AI companies hit a record in Q2 2022 and is on track to at least equal last year.

Around 2,009 AI companies are based in the UK, the AI capital of Europe. Renowned companies include Graphcore, BenevolentAI, Darktrace, Wayve, and DeepMind.

Last year saw a record investment of £6.6 billion flow into UK AI companies. In 2022 so far, £3.2 billion has been invested. Tech Nation notes that investment into...

Ronan Kirby, Starmind: On using AI to surface business knowledge

There’s a good chance the answer that an employee needs to do their job effectively is available within the company, but it can often be difficult to surface.

Research suggests that around three hours per day are spent searching for information. Even more frustratingly, around 44 percent of all searches end in failure. In total, around $1 million per month is lost for every 1,000 employees in a business.

Starmind believes that it doesn’t have to be this way and...

Jason Steer, Recorded Future: On building a ‘digital twin’ of global threats

Recorded Future combines over a decade (and counting) of global threat data with machine learning and human expertise to provide actionable insights to security analysts.

AI News caught up with Jason Steer, Chief Information Security Officer at Recorded Future, to learn how the company provides enterprises with critical decision advantages.

AI News: What is Recorded Future’s Intelligence Graph?

Jason Steer: Recorded Future has been capturing information...

Appen: 93% say ‘responsible AI’ is the foundation of all projects

Appen’s latest annual State of AI and Machine Learning report has some interesting findings about the pursuit of safe and ethical solutions.

“This year’s State of AI report finds that 93 percent of respondents believe responsible AI is the foundation of all AI projects,” said Mark Brayan, CEO at Appen.

“The problem is, many are facing the challenges of trying to build great AI with poor datasets, and it’s creating a significant roadblock to reaching their...

SAS: Finland leads in hyperautomation awareness, UK languishing

Research from analytics firm SAS has found that Finland appears to be leading in hyperautomation awareness while a number of large countries are falling behind.

Hyperautomation brings together AI, robotic process automation, and multiple business processes on a cloud platform to help organisations make better decisions more quickly.

“Organisations will require more IT and business process automation as they are forced to accelerate digital transformation plans in a...

Ready to boost your business with analytics? This data expert reveals all

By itself, data is like a bicycle with no wheels. It can’t go anywhere. That’s where the power of analytics comes in. Similar to the wheels of a bike, analytics powers data to reveal meaningful trends and insights, enabling organisations to make key business decisions. 

As data sets increase and become more complicated, manual analytics processes become less feasible. And as data gathering evolves, analytics has to keep up. That’s where advanced analytics joins the...

Darktrace adds 70 ML models to its AI cybersecurity platform

Darktrace has enhanced its flagship AI cybersecurity platform with 70 additional machine learning models and over 80 new features.

The Cambridge-based firm was founded by mathematicians and cyber defense experts in 2013 and uses self-learning AI to protect enterprises across all industry sectors.

Machine learning is used to make thousands of “micro-level” decisions in the background as part of Darktrace’s autonomous response technology called...

92% of product decision-makers say data and analytics is critical to success

A new study, “The Business Intelligence Landscape,” commissioned by Sisense and conducted by The Harris Poll among product decision-makers, highlights that companies offering data and analytics to their customers have a competitive advantage and reap the benefits of increased revenue and loyalty. 

However, the report shows there are some challenges to overcome. For example, 53% of respondents wish their analytics experience was more aligned with user-friendly entertainment...