Mediaboss Marketing

Digital Life bank and AI institute have teamed up to advance artificial intelligence (AI) and machine language technology using open-source technology.

Digital Life Bank has been collaborating since 2020 on a project that is meant to make a key component of AI, known as hyperparameter optimization, more accessible. Hyperparameter optimization is a method of tuning a set of rules used to control the machine learning process. The partnership would improve machine learning model performances and pinpoint within the black box of AI where models need work.

The Vice president of Digital Life bank stated that "Hyperparameter optimization plays an important role in the scientific progress of AI, both as an enabler to reach the best performances achievable by new algorithms, and as a foundation for a rigorous measure of progress, providing a principled common ground to compare algorithms. Hyperparameter optimization and its subfield of neural architecture search are additionally a key solution for the deployment of energy-efficient AI technologies, a problem currently posed by the trend of increasing computational cost of deep learning models.

The collaboration with the AI institute aims to advance AI hardware, software and algorithms related to deep learning and other areas, increase AIs impact on industries, such as cybersecurity, and explore the economic and ethical implications of AI on society. Digital Life Bank is committed to leading the market with new innovation and superior customer experiences.

CO-CEO of the AI Institute stated that " Our company was founded to help organisations harness the power of artificial intelligence, and we are excited to join Digital Life Bank and help them build for the future."

The partnership will focus more on two particular areas such as:

CEO of Digital Life Bank stated that "the collaboration will be of good help to the bank and Anticipating and meeting customer needs are at the heart of our promise, and we are excited to further accelerate our innovation agenda to deliver well into the future. As we deploy new solutions, we will extend our deep relationship with customers across all of our platforms and offer personalised, connected and legendary experiences for our customers in the digital age."

He additionally stated that "Artificial Intelligence has the potential to power a new generation of data-driven applications from personalised and real-time advice to predictive analytics that will shape the future of digital banking for millions of individuals."

Presently the adoption of AI is increasing and as it increases across all business sectors, more industry leaders are discovering the value that data and machine learning models can provide during a time of accelerated digital innovation and transformation. To succeed in business today, faster times to create accurate models are essential to driving value from time to market.

The Vice President of Digital Life Bank additionally stated that " Collaborating with AI institute at, were improving open-source technology to the benefit of all researchers and data scientists while advancing the capabilities of Machine Learning Accelerator. This provides even greater value through our end-to-end client solutions and advances Digital Life Bank's commitment to both the consumption of and contribution to open-source technology.

The Digital Life Bank and AI Institute collaboration aims to improve the development, deployment, and ongoing management of complex AI and deep learning models, as well as to make tools more accessible to a larger base of scientists, engineers, and developers through automation. Additional AI-focused projects are also underway between AI Institutes researchers and Digital Life Bank.

More:
Digital life bank and AI Institute Announce Collaboration to Advance Artificial Intelligence and Machine Learning Technology - LA Progressive

Dublin, March 28, 2022 (GLOBE NEWSWIRE) -- The "Personal Artificial Intelligence and Robotics Market by AI and Robot Type, Components, Devices and Solutions 2022 - 2027" report has been added to ResearchAndMarkets.com's offering.

This report evaluates the market for personalized robots, bot software, and systems. The report also assesses the impact of AI and evaluates the market for AI-enhanced robots and robotic systems for the consumer market. It includes analysis and forecasts for personalized AI and robotics from 2022 through 2027.

There is an emerging service robot market that has very different dynamics than traditional industrial robotics. Service robots are very personal and include both physical robots as well as logical (e.g. software) bots that act on behalf of their owners, managers, and/or controllers. Service robots will ultimately evolve beyond purpose-built machines to become more general-purpose tools for supporting human safety and lifestyle needs.

While Asia is the predominant market today, we see the United States as a high growth market as the USA has grossly underinvested in the personal healthcare infrastructure market. Largely depending upon informal family support, personalized care represents an industry that is sustained by poorly paid workers - largely immigrants and women of color. This is poised to change with carebots, programmed to oversee the care for the elderly and/or those with healthcare issues that require constant attention.

We see substantial overall industry growth across a wide range of robot types that engage in diverse tasks such as home cleaning, personalized healthcare service, home security, autonomous cars, robotic entertainment and toys, carebots services, managing daily schedules, and many more assistive tasks. Furthermore, we see a few key factors such as the aging population, personalization services trends, and robot mobility will drive growth in this industry segment.

In addition, developments in artificial intelligence and cognitive computing support the inclusion of these technologies with virtually every type of robot including general-purpose bots that act on behalf of their owner. The combination of AI and IoT (AIoT) will further support market development, leading to semi-autonomous markets that interact with humans directly as well as other machines, and assets through interconnected systems.

Select Report Findings:

Key Topics Covered:

1 Executive Summary

2 Introduction2.1 Overall AI and Robotics Market2.2 Personal AI and Robotics Market2.3 Development of Autonomous Agents and Care Bots2.4 AI Technology and Deep Learning Hacks2.5 Contextual Awareness and Intelligent Decision Support Systems2.6 Aging Population, Mass Digitization, and Human-Robotics Interaction Accelerates Growth2.7 Evolution of Personal Assistants and Smart Advisory Services2.8 Price Declines Drive Adoption for Low-Cost Robotics2.9 Open Software Platforms Accelerate Growth but Raises Ethical Concerns2.10 Technical Complexity and Lack of Skilled Robot Designer May Hinder Growth

3 Cloud Robotics to Drive Democratization and Expanded Usage3.1 Enabling Technologies3.1.1 Fifth Generation Cellular3.1.2 Teleoperation3.1.3 Cloud Computing3.1.4 Edge Computing3.2 Market Opportunities

4 Personal AI and Robotics Market, Application, and Ecosystem Impact4.1 Market Segmentation and Application Scenario4.1.1 Personal Robots and Robotics Components4.1.2 Digital Personal Assistant Services4.1.3 AI-Based System and Analytics4.2 Economic Impact including Job Market4.3 Investment Trends in Robotics and AI Systems4.4 Robotics Patents a Key Area to Watch

5 Personal AI and Robotics Market Drivers and Challenges5.1 Personal AI and Robotics Market Dynamics5.2 Personal AI and Robotics Market Drivers5.3 Personal AI and Robotics Market Challenges

6 Personal AI and Robot Market Outlook and Forecasts 2022 - 20276.1 Aggregate Global Market Forecast 2022 - 20276.2 Personal Robot Market Forecast 2022 - 20276.3 Digital Personal Assistant Market Forecast 2022 - 20276.4 Personal AI-Based Solution Market Forecast 2022 - 2027

7 AI and Robotics Company Analysis7.1 Assessment of Select Market Leaders7.2 Honda Motor Co. Ltd.7.3 Samsung Electronics Co Ltd.7.4 iRobot Corporation7.5 Sony Corporation7.6 F&P Robotics AG7.7 ZMP INC.7.8 Segway Inc.7.9 Neato Robotics, Inc.7.10 Ecovacs Robotics, Inc.7.11 Hasbro, Inc.7.12 Parrot SA7.13 Geckosystems Intl. Corp.7.14 Hoaloha Robotics7.15 Lego Education7.16 Sharp Corporation7.17 Toyota Motor Corporation7.18 WowWee Group Limited7.19 Lely Group7.20 Intel Corporation7.21 AsusTek Computer Inc.7.22 Amazon.com, Inc7.23 RealDoll7.24 True Companion7.25 Robotbase7.26 Dongbu Group7.27 Softbank Robotics7.28 Buddy7.29 Jibo7.30 NTT DoCoMo7.31 Rokid7.32 MJI Robotics7.33 Cubic7.34 5 Elements Robotics7.35 Branto7.36 Aido7.37 Vinclu Gatebox7.38 Future Robot7.39 Apple Inc.7.40 Artificial Solutions7.41 Clara Labs7.42 Google7.43 Microsoft Corporation7.44 Speaktoit Inc.7.45 Facebook7.46 SK Telecom Co, Ltd.7.47 motion.ai7.48 Indigo7.49 24me7.50 Wunderlist7.51 Hound7.52 Mycroft7.53 Ubi7.54 EasilyDo7.55 Evi7.56 Operator7.57 Charlie7.58 Alfred7.59 x.ai7.60 AIVC7.61 EVA7.62 NVidia7.63 Tesla Motors7.64 Baidu7.65 SparkCognition

8 Personal AI and Robot Use Cases8.1 Cleaning Robots8.2 Entertainment Robots8.3 Home Security and Surveillance8.4 Wheel-powered Robot8.5 PARO, Advanced interactive Robot8.6 Vortex, a Programmable Robot8.7 ROBEAR, Nursing Care Robot8.8 AV1, A Small Telepresence Robot

9 Conclusions and Recommendations9.1 Recommendations to Robotics Makers9.2 Recommendations to Investors9.3 Recommendations for AI Companies9.4 Recommendations for Equipment Manufacturers9.5 Future of Personal AI

For more information about this report visit https://www.researchandmarkets.com/r/vplny7

The rest is here:
Global Personal Artificial Intelligence and Robotics Markets, 2022-2027: Leading Solutions for Personalized AI and Robotics are Safety, Information,...

Cloud-based, end-to-end trial balance solution uses Artificial Intelligence and Machine Learning to drive firm efficiency by eliminating the manual process of grouping accounts when ingesting trial balances

NEW YORK, March 29, 2022--(BUSINESS WIRE)--Today, Wolters Kluwer Tax & Accounting announced that its cloud-based CCH Axcess Financial Prep expert solution for tax & accounting professionals was named a winner in the Artificial Intelligence Excellence Awards program presented by the Business Intelligence Group.

CCH Axcess Financial Prep is cloud-based and uses advanced Artificial Intelligence (AI) and Machine Learning technologies to eliminate the manual process of grouping accounts when preparing business tax returns. This dynamic, end-to-end trial balance solution leverages data residing in a common cloud database to enable multiple staff to work simultaneously within the same engagement. Once users upload client trial balance data into CCH Axcess Financial Prep, tax balances are instantly produced, tax codes are intelligently grouped, and tax reports are automatically created. Users can make necessary adjustments based on their professional judgment before sending balances to the business tax return in CCH Axcess Tax.

"We are thrilled to see the Business Intelligence Group recognize this innovative expert solution with their prestigious inaugural awards program," said Colleen Knuff, Vice President of Audit Product Management at Wolters Kluwer Tax and Accounting North America. "As tax and accounting firms continue their digital transformation journey, they see clear benefits of this end-to-end trial balance solution as it enables their staff to be more accurate, efficient, and productive for their business clients. Our customers indicate that this solution can save them as much as 60 minutes per return."

"We are so proud to name Wolters Kluwer Tax & Accounting as a winner in our inaugural Artificial Intelligence Excellence Awards program", said Maria Jimenez, chief nominations officer for Business Intelligence Group. "It was clear to our judges that the CCH Axcess Financial Prep expert solution was using AI to improve the lives of customers and their employees. Congratulations to the entire team!"

Story continues

About Business Intelligence GroupThe Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, these programs are judged by business executives having experience and knowledge. The organizations proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.

About Wolters KluwerWolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services.

Wolters Kluwer reported 2021 annual revenues of 4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

For more information, visit http://www.wolterskluwer.com, follow us on Twitter, Facebook, LinkedIn, and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220329005105/en/

Contacts

MARISA WESTCOTTWolters Kluwer Tax & Accounting212-771-0853marisa.westcott@wolterskluwer.com

MARIA JIMENEZBusiness Intelligence Group+1 909-529-2737jmaria@bintelligence.com

Visit link:
Wolters Kluwer Tax & Accounting adds the 2022 Artificial Intelligence Excellence Award its list of prestigious recognitions for the CCH Axcess...

The time-management tool, through machine learning, understands how people like to work and when ... [+] they're most productive. The intuitive product creates blocks of uninterrupted focus time.

Humans all have their own biorhythms. Some people like getting up early to win the day and immediately start working. Others hit their stride after a few cups of coffee or are night owls, doing their best production when it's peaceful and quiet.

The challenge is that most people dont know your work style. This leads to co-workers, clients, customers and managers encroaching on times that dont work well for you. Youre put in the uncomfortable position of either accepting a meeting at a time thats annoyingly inconvenient or having to deftly excuse yourself from the request.

Weve all been there. You are in the flow and getting things done. Then, you are hit up with a barrage of interruptions. It's hard to get back to where you were. This daily nuisance is a colossal waste of time and energyand time is the most precious resource. People can always make more money, but they cannot create more time, as it's finite. Unfortunately, it's taken for granted, as if it will last forever.

Clockwise, a time-productivity platform, found a solution to intelligently guarding and managing your workflow. The company is introducing Links, a new and smart scheduling product that changes the way people work and collaborate. Artificial intelligence learns the times that are most convenient for you to interact with people and will block out space on your calendar letting peopleboth within and outside of the organizationknow when you would be available to chat. Conversely, inconvenient times could be blocked out to avoid being roped into a time that is usually reserved for other pressing matters.

The time-management tool, through machine learning, understands how people like to work and when they're most productive. The intuitive product creates blocks of uninterrupted focus time, which, according to CEO and cofounder Matt Martin, is defined as about two hours of uninterrupted productivity that minimizes interruptions and allows you to do your best work the way you want. It also turns preferences into schedules that help people enhance their productivity. With AI, meetings can be arranged to maximize efficient times and fix any conflicts.

Martin points out that employees tend to multitask and send emails in 30% of their meetings. Unnecessary meetings oftentimes conflict with actually getting assignments completed. Absent a sufficient amount of focus time, employees have to prepare for one meeting while stuck in another. This leads to unproductive behaviors, which drag everyone down.

A Links user simply sets their calendar preferences and sends a generated link to their internal or external contacts. Clockwise then takes care of everything. The platform ranks around 10 considerable factors and selects the best times for the invitee to schedule. This results in a time that suits both parties, as the platform automatically syncs across the users calendars instantly. The goal is to obtain the best times to meet without worrying about interruptions.

The tool is perfect for the fast-growing business trends, including the four-day workweek, remote, hybrid, flexible and digital nomad work models. With these work styles, it's imperative to focus on productivity. Additionally, post-pandemic, leadership is concerned about the mental health and emotional well-being of their team members. Constantly being interrupted by people encroaching upon your time makes matters worse, as there is no respite for time bandits.

Martin said about Links, The modern workday is broken, in large part because of the way we schedule meetings. To prevent burnout and improve productivity, we need to be more intentional about the way we spend our time. At Clockwise, we are on a mission to do what calendars cannotmake time for people. Clockwise Links brings a new level of thoughtfulness to scheduling that hasnt existed before, preserving and protecting employees focus time, so they can finally get some meaningful work done.

More than 10,000 organizations use Clockwise, including Netflix, Twitter, Atlassian, Shopify and Asana, to make time for what matters.

Link:
Instead Of Being Interrupted By Inopportune Meeting Requests That Ruin Your Flow, Clockwise Offers Artificial Intelligence To Block Out Focus Time To...

Technology is often presented as the solution to many problems for nonprofits reducing staff burnout, better targeting of fundraising efforts, and improving budgeting, to name just a few. It can help with all those things, but there are pitfalls to avoid.

The Chronicle invited tech experts Beth Kanter and Allison Fine, co-authors of The Smart Nonprofit: Staying Human-Centered in an Automated World, to a virtual forum to help nonprofit professionals better understand where investments in technology make the most sense and how to avoid some of the traps that ensnare the unwary. The session, Smart Tech: How to Use AI and Other Advances to Meet Your Mission, was hosted by Margie Fleming Glennon, director of learning and editorial products for the Chronicle.

As just one example of the power of technology, Fine cited the Rainforest Action Network, which used technology and reams of data to analyze the interests of new donors; it reached out to them in targeted ways intended to turn them into monthly donors, with phenomenal success. increasing the number of monthly donors by 866 percent.

We know that hitting the jackpot with donors is getting them to move from being a one-time donor to being a monthly recurring donor, Fine says. By customizing the communications, like what kind of story would interest this person, they were able to make that leap for those donations.

Read on for highlights of the discussion, or watch the video to get all the insights Kanter and Fine shared.

Dont let past bad experiences get in the way. Fine says that nonprofits experience with social media, which can be very noisy and produce a lot of data that isnt always helpful, may have soured them on the next waves of technology.

We know technologys not a panacea for the problems that organizations have, Fine says. But Kanter and Fine say that the right kinds of technology, if applied well and monitored carefully, can improve a nonprofits fundraising while making life better for its employees. Technology is too powerful and its potential to improve the world too great for anyone to sit back and say its not their thing, Fine says.

Kanter adds, We have this great moment, this once-in-a-lifetime opportunity to remake, revitalize, and rehumanize nonprofit work, and well all benefit.

Start small and learn as you go. If you freeze up when the topic turns to tech, do whatever is necessary to get comfortable with it, says Fine. Find a friend who can mentor you. Read a book. Take advantage of the learning opportunities NTEN, a group of nonprofit professionals focused on technology, has to offer. You cannot just leave the idea of automating systems and processes just to technical people, says Fine.

As you get started, take the time to make sure the technology is ready when you roll it out. Test it on a small group of users to get their feedback and make improvements, says Kanter.

Be as selective about technology as any other aspect of your organization. Do your own research, check online reviews, and ask peers about their experience with any tech product.

For example, Kanter says several automated programs can be bought to analyze websites and recommend ways to make them more accessible to people with disabilities. A nonprofit she was advising discovered through a simple online search that the seller of a product the nonprofit was considering was the subject of lawsuits filed by disability-rights organizations citing problems with the algorithm the software used.

The lesson, says Kanter: The technology changes, but the due diligence doesnt.

Fine cautions nonprofits to avoid any product where the vendor refuses to explain how the tool was built.

If they say, oh thats proprietary, its a black box, you cant look, then I say, no, Im not going to work with you, says Fine. There are plenty of other, you know, places I can go. I need to know what assumptions were built into this product, and what data sets were used to train it, to see what problems we might have with it.

Be aware that software and data are not always value neutral. Using the latest software and the most robust data sets available isnt enough to ensure fair processes and outcomes, Fine and Kanter say. This is a leadership challenge, not a technical challenge, says Fine.

For example, she says, a tool intended to help your human-resources department screen rsums may have biases that reinforce old, unfair methods of hiring.

It may have, built into the code by some coder at some point, assumptions about race and gender, says Fine. Those data sets, particularly in the social sector, have historically been racist in, say, housing or food benefits or hiring. The language that were using for job descriptions not only gets people in, but it keeps people out as well.

Keep humans involved. Smart technologies are meant to assist you, not take over jobs entirely. In addition to keeping an eye out for biases in the application of technology, humans are often needed to make sense of the data collected and how best to apply it.

Kanter gave the example of the Trevor Project, which provides a crisis line and counseling for LGBTQ youths. The nonprofit, facing a shortage of trained counselors, created a bot named Riley that uses sophisticated technology to learn as it interacts with people. But they didnt use it to replace the counselors on the front line, who work directly with youth, because they saw that piece of the job as being very human centered, says Kanter.

Instead, Riley was used to help train those counselors by simulating common questions they were likely to encounter. It balances letting the counselors do the human work that they do so well and letting the bot help train them, Kanter says.

Chat bots also can assist fundraisers in determining where best to target their outreach. Bots can efficiently answer thousands of basic questions from online visitors to a nonprofit, and they quickly come back with some suggestions to the fundraiser, so they can then shift their time into actually working with the donor, cultivating the donor, and maybe not exhausting themselves looking at so many open-ended comments, says Kanter.

Be vigilant about the ethics of technology as you step up its use. As an example of where technology can lead organizations astray, Fine cited facial-recognition technology that has been used to track and trace Covid. Some of that same technology has been misused by law enforcement in ways that negatively affect people of color, so nonprofits must be wary of abuse.

Organizations also must be wary of how much data they are compiling on donors and clients, Fine says, and how those people may or may not want their personal data stored and used.

We want nonprofits to raise the bar and say, what is the most we can do to protect our users privacy, to use the technology responsibly and well, to make sure that the technology is not out in front of our people and that the bots arent overwhelming the humans in our system, says Fine.

Get started now, and dont be intimidated. Take one small step at a time, advises Fine. Check out some of the available chat bots or maybe some software that can automate some budget tasks. Kanter calls it learning snacking.

The technology is becoming very quickly commercialized and inexpensive, and stupid simple to use, so this is not going to be technology that only an advanced Ph.D. can use, which it was until just a few years ago, Fine says. This is technology for everyday use.

Excerpt from:
How to Make the Most of Artificial Intelligence and Other Technologies: Advice From Experts - The Chronicle of Philanthropy