PWC Predicts Six AI Priorities for 2019

by Tech Mainstream Staff


March 6, 2019


PWC Predicts Six AI Priorities for 2019


PWC recently released a study determining "six AI priorities you can’t afford to ignore." Businesses should take heed to PWC's advice since it will most likely guarantee successful AI integration: "Those companies focusing their efforts in the following six key areas will be far ahead of other businesses this time next year." The study queried 1,000 US business executives at companies to assess their current AI integration status. 20% said their "organizations plan to implement AI enterprise-wide in 2019."

Why is AI integration so important for business success? It is estimated by 2030 that AI implementation will contribute $15.7 trillion to the global economy- not exactly a fact for companies to ignore. 

The first step for companies to excel in is "AI is Structure: Organize for ROI and momentum." Businesses want reusable AI building blocks to be used across organizations to simplify tasks and help increase ROI: "If done right, developing an AI model for one specific task can enhance an existing process or solve a well-defined business problem, while simultaneously creating the potential to scale to other parts of the enterprise." The right AI foundation is also critical for effective AI integration. It requires a team that includes individuals who have business, IT and specialized AI skills and are representive of all parts of your organization.

"Workforce: Teach AI citizens and specialists to work together" involves a workforce consisting of three levels of AI-savvy employees, citizen users, citizen developers, data scientists, and provides ways for all three to work together successfully. Identifying new job skills and roles is part of solving the AI equation.

"Trust: Make AI responsible in all its dimensions" is a idea that determines how AI affects privacy, cybersecurity, employment, inequality and the environment concerns. Therefore executives top priority for 2019 is if AI systems are considered trustworthy. There are six criteria for guaranteeing this goal: Fairness, Interpretability, Robustness and security, Governance and System ethics.

"Data: Locate and label to teach the machines," a fourth AI priority explains the importance of creating the data sets needed for training and the necessity of labeling the data . One of the top AI-related data priorities for 2019 is to combine AI and analytics systems to obtain business insights from data: "AI can be used with data and analytics to better manage risk, help employees make better decisions, automate customer operations and more." An AI CoE ensures creation of usable, labeled data sets for AI use: "For those data sets to help support AI across the enterprise (those consumers may interact with more than one business line), you’ll need standards for labeling them consistently."

"Reinvention: Monetize AI through personalization and higher quality," in a nutshell is that "the majority of AI’s economic impact will come from the consumption side, through higher-quality, more personalized and more data-driven products and services. Healthcare, retail and automotive could see the most immediate benefits, according to our analysis of more than 300 AI use cases."

"Convergence: Combine AI with analytics, the IoT and more," a top AI challenge for 2019, approximately 36% of the executives surveyed agreed: "Helping advanced, predictive and streaming analytics further evolve with AI is a common priority. This convergence can make new data-driven business models more powerful."

A useful PWC ai infographic is available for a pictorial ai explanation.

 

 

 

 

Visit Tech Mainstream's homepage for more stories.

 

TECH IN A SECOND

9-28-20 Cyberattack hobbles major hospital chain’s US facilities

9-28-20 Fitbit Sense, Versa 3 and Inspire 2 are here: How to decide which to buy

9-28-20 The best smart home devices of 2020: Amazon and Google fight to control your house

9-28-20 Tyler Technologies tells users to change passwords after ransomware attack

9-28-20 How and why Microsoft is building a 'telco-grade cloud'

9-28-20 Amazon Echo Dot (2020) price, release date, and features

9-27-20 You Can Pay What You Want for These 11 Cyber Security Courses

9-27-20 Seagate Confirms World's Largest Hard Disk Drive on Track for December

9-27-20 Apple Watch Series 3 owners deal with random reboots in watchOS 7

9-27-20 These Truly Wireless Headphones Are Only $21!

9-27-20 AirPower 2020: Apple May Launch Super-Cool Accessory In Days

9-27-20 Google rolls out new automated threat detection tool

9-26-20 Scientists pave way for carbon-based computers

9-26-20 Amazon Announces Next-Generation Fire TV Stick, Fire TV Stick Lite, and Redesigned User Experience

9-26-20 Worldwide Wearables Market Forecast to Maintain Double-Digit Growth in 2020 and Through 2024, According to IDC

9-26-20 U.S., UK sign agreement on artificial intelligence

9-26-20 EV maker Xpeng, its CEO invest in air taxi startup

9-25-20 Please remain calm while the robot swabs your nose

9-25-20 Amazon Ring's New Security Cameras and Tech Protect Your Car (and You)

9-25-20 LinkedIn Introduces Stories and a Redesign to Create a Friendlier Platform

9-25-20 Amazon's new Eero 6 Mesh routers: What you need to know

9-25-20 US Digital Trust Study: Which social media platforms have the highest levels of digital trust among US social users

9-25-20 How Well Do You Know Your Digital Customers?

9-25-20 Xbox Series S games, specs, price, how it compares to Xbox Series X

9-24-20 1Password partners with Privacy.com on secure virtual credit card numbers

9-24-20 5 Ways To Use LinkedIn Stories For Your Personal Brand

9-24-20 Nuvia raises $240 million to design Arm-based CPUs for datacenters

9-24-20 Amazon’s new AirPods 2 sale beats Prime Day prices, and AirPods Pro are $30 off

9-24-20 It’s official: the OnePlus 8T will support 65W fast charging

9-24-20 Navigate safely with new COVID data in Google Maps

9-24-20 Galaxy S20 FE deal alert: Samsung's brand-new phone is $100 off at Best Buy and Amazon

9-24-20 TicWatch 3 Pro is the first Wear OS smartwatch with a Snapdragon Wear 4100 chip

9-23-20 Google ‘Launch Night In’: Here’s everything we expect for the Pixel 5 event [Video]

9-23-20 UAE to Get Auto Safety Tech from Israel-Based Mobileye

9-23-20 Announcing Flutter Windows Alpha

9-23-20 New Microsoft Office on the way for people who don't want a subscription

9-23-20 If you don't delete these iOS and Android apps now, it could cost you some of your hard-earned cash

9-23-20 Microsoft’s Edge browser is arriving on Linux in beta next month

9-23-20 How the New Digital 360 Drives Faster, Easier Digital Transformation

9-22-20 Demystifying the new Play In-App Review API

9-22-20 Tesla's value drops $50 billion as Musk's promised cheaper battery three years away

9-22-20 Samsung's 980 Pro PCIe 4.0 SSD is surprisingly affordable on the low end

9-22-20 AMD’s Ryzen C-series ups the ante on Chromebook performance

9-22-20 Amazon Prime Day looks like it’ll happen on October

9-22-20 Apple says some users facing issues with App Store, Music, TV+

9-22-20 Deep learning accelerator DeepCube raises $7M in new round

9-22-20 TikTok's promise of 25,000 new U.S. jobs sets lofty goal

9-22-20 NVIDIA and Oracle Advance AI in Cloud for Enterprises Globally

9-22-20 AT&T and Microsoft to streamline cloud connectivity for IoT devices worldwide

9-22-20 Search Intent and SEO: A Quick Guide

9-21-20 Samsung is being very ambitious about the Galaxy S20 FE’s fortunes

9-21-20 Nvidia to Upgrade Online Store to Stop Bots From Snatching RTX 3080 Cards

9-21-20 DigitalOps remains key focus for PagerDuty as its customers cope with unprecedented online demand

9-21-20 Gmail can now be set as the default iOS 14 email app

9-21-20 RV makers are rushing to add office, desk, and WiFi options to cater to the new 'work from anywhere' crowd created by the pandemic

9-21-20 Cobalt demand for 5G technology to challenge electric vehicles