Tactical Investor Random Musings

Updated March 31, 2023

This section will examine random topics (Dividend plays, market developments, weather patterns, sexuality, religion, artificial intelligence, etc.) that we would not usually read. Think of it as a taste of the new service we hope to launch this year; a service that will explore issues beyond the scope of the Market Update.

AI Trends

Digital workers will transform the office.

The adoption of digital workers, including software robots and AI, is rapidly increasing worldwide. Recent IDC research indicates that the contribution of digital workers is projected to grow by more than 50% by 2022.

Process Intelligence is a groundbreaking solution that enables businesses to harness the wealth of information stored within their systems. Organizations can identify anomalies, bottlenecks, and inefficiencies by creating visual models of their processes and conducting real-time analysis. Moreover, this innovative tool empowers businesses to make informed decisions regarding technology investments by predicting future outcomes. Get ready to witness the transformative capabilities of Process Intelligence this year. towardsdatascience.com

Predictions for AI in 2020

Challenging the Impact of Unfair AI: Seeking Recourse in an Automated World

As the prevalence of AI increases, individuals who experience injustice due to its applications are likely to be motivated to take action. For instance, imagine someone being wrongly denied entry to a country due to faulty facial recognition, receiving a misdiagnosis from disease-seeking robotic technology, being denied a loan based on a new credit score that rates them poorly, or being wrongly accused of causing a car accident by an insurance company’s mobile app. In such cases, what options are available to people when AI unfairly and severely affects their lives?

Furthermore, it is essential to establish international standards that define a framework for the safe and trustworthy use of AI. It is crucial for AI experts to advocate for and participate in the regulation of the industry, ensuring fairness and fostering a sense of responsibility. Full Story

The Rise of AI: Transforming Industries and the Future of Work

As the use of digital workers, including software robots and AI, continues to surge, the contribution of these technologies is projected to grow by over 50% by 2022, according to recent IDC research. This rapid adoption of digital workers signifies a significant shift in various industries, driven by their ability to streamline processes, analyze data in real-time, and provide predictive insights for informed decision-making.

Unleashing the Power of Digital Workers: A Surge of Over 50% by 2022,

Businesses are embracing the transformative capabilities of digital workers. These intelligent systems are being leveraged to automate tasks, enhance operational efficiency, and drive industry productivity. The projected growth highlights the increasing reliance on digital workers and the potential impact on the future of work.

Furthermore, alongside the advancement of digital workers, businesses are also utilizing Process Intelligence to gain a competitive edge.

Organizations harness the information within their systems to create visual models of their processes. This powerful tool allows for real-time analysis, identifying outliers, bottlenecks, and inefficiencies. By predicting future outcomes, businesses can make data-driven decisions regarding technology investments, enhancing their competitive advantage in the market.

Looking ahead, AI’s increasing sophistication and capabilities raise concerns about the future of human employment. Studies suggest that AI has the potential to take over a significant portion of jobs in the coming years. With the ability to automate repetitive tasks, analyze vast amounts of data, and learn from patterns, AI technologies are poised to revolutionize manufacturing, transportation, customer service, and more.

Real-time Insights and Predictive Analytics for Effective Decision-Making

Emerging data highlights the transformative impact of AI on the job market. A recent report reveals that AI adoption could lead to the displacement of millions of jobs globally. However, it’s crucial to note that while AI may replace certain roles, it also presents opportunities for creating new jobs that require human skills like creativity, critical thinking, and emotional intelligence.

As AI technology continues to evolve, the future of work will be shaped by human and machine collaboration. The key lies in embracing AI as a tool for augmenting human capabilities, fostering a workforce that can adapt to the changing landscape, and prioritizing reskilling and upskilling initiatives to ensure a smooth transition into the AI-driven era.

In summary, the rise of AI, fueled by the growth of digital workers and the implementation of Process Intelligence, is transforming industries. While concerns about job displacement persist, the future of work will require a balance between AI automation and human expertise, paving the way for a new era of collaboration and opportunities.

The article was originally published on March 18, 2017, and has been updated as of March 2023.

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Tactical Investor Random Musings