Deep Learning

This article is made out of excerpts from a joint Survey made by MIT & Google conducted in late 2016, and which you can download here.

Machine Learning is for many enterprises the new proving ground for Competitive Advantage. A recent survey conducted by MIT Technology Review Custom and Google Cloud reveals that while the majority of businesses are struggling to apply Machine Learning, others are hard at work developing strategies for the technology — and are already realizing genuine ROI.

The survey included 375 qualified respondents representing a variety of industries, with the preponderance coming from the technology industry (43%) but also business services (13%) and financial services (10%). Most qualified respondents were either C-level executives (39%) or enterprise developers (37%), rounded out by vice president-level executives (23%).

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Artificial Intelligence is only beginning to penetrate the workplace, and it’s causing leaders to rethink how their businesses run or so they should. But the thing is, far from killing the jobs of knowledge workers, Artificial Intelligence tends to free them up to do what they are paid for: innovate, model, refine, and improve on the expertise of their business.

“AI is not eliminating jobs, it is creating a shift in the type of jobs by eliminating tasks of jobs, and creating new jobs that are more human jobs,” says Josh Bersin, principal and founder of Bersin by Deloitte. Bersin defines “more human jobs” as those that require traits robots haven’t yet mastered, like empathy, communication, and interdisciplinary problem solving.

The integration of early artificial intelligence tools is causing organizations to become more collaborative and team-oriented, as opposed to traditional top-down hierarchy.

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