AI and Machine Learning: Cognitive Systems Create Insights and Improved Quality For Banking and Manufacturing

first_imgArtificial Intelligence (AI) and Machine Learning are two of the top technology trends for 2017 according to Gartner.  These technologies are expected to be integrated into everything from small devices, to software products and services, for both consumers and businesses.A recent study by IDC predicts huge growth in spending on AI and Machine Learning:Spending on Artificial Intelligence is forecast by IDC to grow from $8 billion in 2016 to $47 billion in 2020.More than half of AI spending will be in the areas of banking, retail, healthcare and discrete manufacturing.Jessica Goepfert, program director at Customer Insights and Analysis at IDC, said that “near-term opportunities for cognitive systems are in industries such as banking, securities and investments, and manufacturing. In these segments, we find a wealth of unstructured data, a desire to harness insights from this information, and an openness to innovative technologies. Furthermore, the value proposition of cognitive systems aligns well with industry executives’ chief priorities. For instance, cognitive technologies are being used in the banking industry to detect and combat fraud–consistently a top industry pain point. Meanwhile, in manufacturing, executives cite improving product quality as a top initiative. In this case, cognitive systems recognise and know how to respond to dynamic fluctuations in product specs by adapting the production to stay within quality targets.”last_img read more

Wimbledon 2015: Wawrinka makes light work of Verdasco

first_imgStan Wawrinka continued his stealthy progress through the Wimbledon draw with another clinical victory on Friday as the Swiss dispatched Fernando Verdasco 6-4 6-3 6-4 to reach the fourth round.The French Open champion, whose searing backhand is one of tennis’s most famous weapons, has not dropped a set in his three opening matches and was untroubled throughout against Verdasco.The Spaniard, a former top 10 player, looked to be feeling the effects of two punishing five-setters in his opening rounds and came up short at key moments as Wawrinka broke once in each set to clinch victory.The first set was evenly balanced until the decisive 10th game when Verdasco double-faulted on set point to hand the fourth seed the lead and the second set followed a familiar pattern with Wawrinka breaking for a 5-3 lead before serving out.Verdasco bravely hung in, but the Swiss, who has never been beyond the quarter-finals at Wimbledon, broke again for a 5-4 lead in the third and finished off the match with his 14th ace.Wawrinka will meet Belgium’s 16th seed David Goffin, who is also yet to drop a set in three matches and polished off Cypriot Marcos Baghdatis 7-6(3) 6-1 6-1.last_img read more