Industry News: Week of November 25, 2019

In by Contextere

Every week we curate industry news and thought-provoking articles that reflect today’s trends so you can spend more time learning and less time searching. Here’s what we’ve been reading:

How to Scale AI in Your Organization
McKinsey & Co. “believe that AI will add something like $13 trillion to the global economy over the next decade, but putting AI to work at scale remains a work in progress for most companies.”

They surveyed 1,000 companies and found that only 8% have been able to scale their AI initiatives. Their secret? The most successful companies are investing equally in technology and workforce development, and are utilizing a business translator. Listen to the podcast to learn other strategies of scaling AI.

How to Build a Human-Centered Future of Work 
When crafting a strategy for the future of work, leaders too often take a top-down approach, focusing mainly on technology and ignoring the perspectives of the most at-risk workers. This can affect the benefits workers receive from technology, overall future prosperity, and policy effectiveness. Read more about how we can build a human-centered future of work.
Conversational AI is on the Rise
The global market for conversational AI is expected to grow from $ 4.2 billion in 2019 to $ 15.7 billion by 2024. Conversational UIs, including voice and dialogue, are finally in a place where they can compete with traditional ones. Read more about the rise of conversational AI.

 

Let’s Continue to Discover Bias in Algorithms
As Sandra Wachter, an associate professor in law and A.I. ethics at Oxford University, explains “What algorithms are doing is giving you a look in the mirror.” The biases that are present in algorithms are a reflection of our own biases. The more we can discover, the better systems we can put in place to mitigate them. Read more about the benefits of discovering bias in algorithms here.
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