artificial intelligence

Accenture’s research considers AI will help job market within 2020

The Accenture Strategy report, Reworking the Revolution: Are you ready to compete as intelligent technology meets human ingenuity to create the future workforce?, estimates that if businesses invest in Artificial Intelligence (AI) and human-machine collaboration at the same rate as top performing companies, they could boost revenues by 38 percent by 2022 and raise employment levels by 10 percent. Collectively, this would lift profits by US$4.8 trillion globally over the same period. For the average S&P500 company, this equates to US$7.5 billion of revenues and a US$880 million lift to profitability.

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China wants to emerge in Artificial Intelligence

Beijing is planning to build a 13.8 billion yuan ($2.12 billion) artificial intelligence development park in the city’s west, the official Xinhua news agency reported, as China pushes ahead to fulfil its ambition to become a world leader in AI by 2025. The AI park will house up to 400 enterprises and have an estimated annual output of 50 billion yuan, Xinhua said, citing a report from authorities in Beijing’s Mentougou district.

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Switzerland is the european Silicon Valley for Indian robotics company

Switzerland has been ranked for the past seven years as the world’s most innovative country by Cornell, the World Intellectual Property Organization and the INSEAD Business School.

So, Indian IT companies up North are looking up to Switzerland for the technical know-how in Robotics; economists consider Switzerland could emerge as a competitor to California, given the availability of technology, people and funding in Switzerland which are fuelling the robotics sector.

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