AI News and Insights – May 2021

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Ai news and insights may 2021

Artificial Intelligence is one of the most important technologies today, influencing every aspect of our society.

The development and application of AI technology changes daily. In order to be ahead of the curve, I spend a lot of time analysing, filtering and distilling the latest insights for all my clients.

Here are just a few interesting AI, ML, Big data, analytics, business, and technology news articles that caught my eye this month. Please free free share with others.

AI business news

AI growth

AI market is set to reach $228.3 Billion by 2026 says recent report. This could be feasible as the value to economy and its implications can be huge. More here

Strategy-Analytics

Strategy-analytics can influence business development, production, supply and marketing. The right data at your fingertips could make the difference in a competitive world. Interesting article by McKinsey. More here

Put AI in your cart

Leading US grocery chain using AI to increase sales, reduce waste with forecasting, store ordering, promotion planning and inventory selection. The shops that are using AI are increasing revenue. More here

UK AI employment laws

The Federation of Trade Unions in the UK (TUC) has released an interesting report on the future of employment and AI. The report fully embraces AI, however it raises a few points around AI decision making. More here or read the report here

AI Adoption in the enterprise 2021

O’reilly publishing released interesting research findings on AI and data. Some really interesting facts here including the breakdown of industries using AI. More here

Growth by AI

Baidu (The Chinese equivalent of Google) has invested heavily into AI over the years. This move is paying huge dividends with $4.38 billion revenue in first quarter, beating Wall Street estimates. More here

AI tech news

AI search revolution coming soon

Google researchers are proposing a new way Google will search using AI technology (BERT or GPT-3) This will see a huge change in search architecture for over 10 years. More here

AI-enabled power microgrids

In the Netherlands, they are already using small, decentralised power hubs with AI to manage cleaner power. Where is has been used, energy costs for users have dropped by 11%, producers have had a 14% increase in revenue as well annual carbon saving up to 30 million tonnes. Win win all-round More here

Google I/O ’21 and AI

Google leading the way with using AI in all forms of technology. See the keynote speech showing all the new AI technology including AI ML building, medical, translation, image recognition, photo, manipulation, voice captioning, computer speech, BERT natural language, LaMDA conversations, MUM search, auto camera adjustment and prosthetic drumming using AI. More here

AI and telcos

When you combine AI, edgeAI IoT devices, 5G and telco network amazing things can happen. Estimates put IoT devices will reach 30 billion by 2030 worth $20 trillion. Exciting things ahead. More here

AI in telecoms

AI is really making a difference in the telecoms industry. Ai used in combatting overload, network optimization, improved customer service, fraud detection and predictive analytics. More : More here

Explosion in Tiny ML

With the explosion of IoT devices. (Said to reach 23.6 billion by 2026, it is said that ‘TinyML device shipments to grow to 2.5 billion in 2030, up from 15 million in 2020. TinyML are little Machine Leaning (ML) chipsets that process data locally. They are designed to be low cost and low energy consumption which make them so useful. Interesting research by ABI research. More: More here

AI skin condition app

Google AI tool can help patients identify 288 skin conditions using trained data from 65,000 images. Future of telemedicine or doctor in your pocket? This was featured on the Google I/O conference. Amazing technology that is only going to get more popular for self diagnosis. More here

AI tops Gartner data trends for 2021

Although ‘printed’ a couple of months ago, this is well worth a read. Gartner – A global leading research and advisory firm has released top data trends for 2021. AI tops the list along with composable data and analytics, data fabric, small data, XOps and more. More here

Other AI, ML, Bigdata and tech news

EU legislation on AI on the horizon

On 21 April 2021, the European Commission released a proposal for the European Union (EU) regulation on Artificial Intelligence. Inspired the GDPR legislation, this is planned as framework for the use and application of AI in the EU. Here is good summary by Vera Lúcia Raposo More here The EU framework is here


Thank you so much for reading. If you would like advice with anything to do with AI, finding the best technology partners (The AI finder) to organising an AI strategy, please don’t hesitate to contact me.

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