Deloitte: 42% of executives believe AI will be of ‘critical importance’ within 2 years
- Natural language processing outstripped all other categories in terms of growth, according to the survey, with 62 percent of companies reporting having adopted it (up from 53 percent a year ago).
- About 37 percent of executives said that their companies have set aside $5 million or more for “cognitive” technologies like deep learning and machine learning, including enterprise software with AI “baked in.” And 55 percent said they’d launched six or more pilots (up from 35 percent a year ago), with 58 percent claiming they’d undertaken six or more full implementations (up 32 percent).
- (Deloitte pegs the cognitive technologies market at $19.1 billion globally.) There’s some urgency about it; 42 percent of executives surveyed believe that adopting AI will be of “critical strategic importance” within the next two years, and some are already beginning to see gains.
Annual Startup Muster shows falling start-up numbers and fewer women founders
- In a sign that the government's 2015 "ideas boom" has busted, the 2018 Start-Up Muster report estimated the number of ongoing start-ups in Australia has fallen from 1675 to 1465 since 2017, with the number launched between the current survey and the previous one falling to 712 from 1291.
- Mr Husic said his feedback from start-up founders was that technology skills shortages, exacerbated in Mr Husic's view by Coalition cuts to TAFE and university funding, had stunted growth in the sector.
- Industry Minister Karen Andrews, whose foreword to the survey highlighted the $2.4 billion the Coalition had invested in research, science and technology, was contacted for comment, but had not responded in time for publication.
- Meanwhile, artificial intelligence (AI) overtook financial technology as the industry being targeted by the most Australian start-ups, leaping from 14.5 per cent in 2017 to 20.6 per cent in 2018.
Sears has filed for bankruptcy and is closing stores. Here are the retail rivals that could benefit the most from its downward spiral.
- This would be welcome news for the struggling department store, which has been unprofitable for 16 out of the last 18 quarters and previously looked to capitalize on Sears' collapse by moving back into the appliances business after a 33-year hiatus.
- Taking into account the overlap of shoppers, those shoppers' income and age, and store proximity, Cowen found Walmart to be the greatest beneficiary of Sears' downfall.
- The Cowen data showed that 92% of Sears' shoppers also shop at Walmart and that there is considerable overlap between their shoppers in terms of age and household income.
- Moreover, Sears' bankruptcy has been a long time coming, as the department-store chain has been losing money and closing stores for years, which means that many stores have already been benefiting from its demise.
Report says the UN's global 'war on drugs' has been a failure
- At least 3,940 people were executed for drug offenses around the world over the last 10 years, while drug crackdowns in the Philippines resulted in around 27,000 extrajudicial killings.
- The IDPC, a network of 177 national and international NGOs concerned with drug policy and drug abuse, is urging the UN General Assembly Special Session on Drugs to consider a different approach to narcotics strategy for the next 10 years in the run-up to a March 2019 summit in Vienna, Austria.
- As previously reported by CNN, the Mexican National Institute of Statistics and Geography revealed that there were 31,174 homicides over the course of the year -- an increase of 27% over 2016.
- In addition to fueling violence, the existing policy of criminalizing drug use has also resulted in mass incarceration, the report said.
- One in five prisoners are currently imprisoned for drug offenses, many on charges related to possession for personal use.
Human Rights Campaign calls on Trump admin not to go forward with potential rollback of transgender protections
- Washington (CNN) - The Human Rights Campaign on Sunday called for the Trump administration not to go forward with a rollback of protections for transgender people, following a report in The New York Times on a draft proposal.
- The move, if made and followed through in coordination with other key federal departments, would mark a major shift for transgender rights under the law and reverse course from the Obama administration, which expanded the legal concept of gender in several instances to recognize gender identity did not always match one's sex as determined at birth.
- The draft proposal would be one of the latest attempts to push back against Obama administration policies on gender identity and LGBT rights, much of which has come in contrast to President Donald Trump's pledge during his 2016 presidential campaign to be an ally to the LGBT community.
A Taliban insurgent shot a US general in this week's deadly insider attack, the latest sign the Afghan war isn't going as planned
- A Taliban insurgent masquerading as a bodyguard managed to wound a US Army general in a high-profile insider attack this week that killed senior Afghan officials, injured two Americans, and nearly cost the top US commander in Afghanistan his life, the Washington Post reported Sunday.
- Abdul Raziq, the governor, and the local head of the National Directorate of Security (NDS) intelligence service, as well as American military personnel — most notably the commander of NATO's Resolute Support mission and US Forces-Afghanistan Gen. Austin "Scott" Miller.
- Raziq, a powerful figure and a fierce enemy of the Taliban who had survived several assassination attempts, was killed in the attack, along with the local intelligence chief Abdul Momin.
- There have been eight US military deaths in Afghanistan this year, significantly less than the nearly 500 killed in 2010, but Afghan casualties remain high.
Bank of Japan Deputy Governor Downplays Cryptocurrency Plans
- However, it is clear that this trend is changing, as Ripple, a cryptocurrency in the global payments space, has announced high-profile partnerships with financial institutions such as PNC Bank, a Top 10 United States bank with over 8 million customers, and more recently with the largest private foundation in the United States, the Bill and Melinda Gates Foundation.
- Mario Draghi, the president of the European Central Bank, and widely considered one of the most important figures in global finance, recently downplayed the idea, stating that the “underlying technology is still fragile”.
- The report, called “The Future of World Trade: How Digital Technologies Are Transforming Global Commerce”, was not ambivalent in its claims, stating explicitly that “blockchain has the potential to profoundly transform the way we trade, who trades, and what is traded”.
Three untapped opportunities wearables present to health insurers, providers, and employers
- In turn, insurers, providers, and employers are poised to become just as active leveraging these devices - and the data they capture - to abandon the traditional reimbursement model and improve patient outcomes with personalized, value-based care.
- A new report from Business Insider Intelligence, Business Insider's premium research service, follows the growing adoption of wearables and breadth of functions they offer to outline how healthcare organizations and stakeholders can overcome this challenge and add greater value with wearable technology.
- It explores the key drivers behind wearable usage by insurers, healthcare providers, and employers, and the opportunities wearables afford to each of these stakeholders.
- By outlining a successful case study from each stakeholder, the report highlights best practices in implementing wearables to reduce healthcare claims, improve patient outcomes, and drive insurance cost savings, as well as how the evolution of the market will create new, untapped opportunities for businesses.
Saudi Arabia reportedly deployed Twitter army against Khashoggi and other critics
- Saudi Arabia deployed an online army to harass dissident journalist Jamal Khashoggi and other critics of the kingdom on Twitter, the New York Times reported on Saturday.
- The efforts to attack Khashoggi and other influential Saudis, and sway public opinion against them on the social media service, included a so-called troll farm based in Riyadh and a suspected spy within Twitter that the kingdom utilized to monitor user accounts, the New York Times reported.
- Saud al-Qahtani, an adviser to Crown Prince Mohammed bin Salman, created the strategy behind the effort, the newspaper said, citing U.S. and Saudi officials.
- After the McKinsey report was issued, one of the three was arrested, a second said the government arrested two of his brothers and hacked his cellphone, and the third Twitter account was shut down, according to The Times.
How consumers rank Facebook, Twitter, Snapchat, Instagram, LinkedIn, and YouTube on privacy, fake news, content relevance, safety, and sharing
- In fact, in a new Business Insider Intelligence survey of more than 1,300 global consumers, over half (54%) said that fake news and scams were "extremely impactful" or "very impactful" on their decision to engage with ads and sponsored content.
- The Digital Trust Report 2018, the latest Enterprise Edge Report from Business Insider Intelligence, compiles this exclusive survey data to analyze consumer perceptions of Facebook, Twitter, Snapchat, Instagram, LinkedIn, and YouTube.
- The survey breaks down consumers' perceptions of social media across six pillars of trust: security, legitimacy, community, user experience, shareability, and relevance.
- The Digital Trust Report 2018 illustrates how social platforms have been on a roller coaster ride of data, user privacy, and brand safety scandals since our first installment of the report in 2017.