Business Chief USA August 2020

TECHNOLOGY
AI and machine learning pose
major questions for nations at
all stages of development we
look at some of the challenges
and opportunities AI provides
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A
rtificial intelligence (AI) has no
universal definition, though its
applications are perhaps its best descriptors.
As computing speed and power rise
while purchasing costs fall, the accelerated
development of AI systems, those capable
of completing actions typically reliant on
human cognition to be accomplished accurately
or at all, shows no signs of slowing
down. Businesses are integrating technologies
capable of automating simple tasks
across their operations, from data collation,
entry and analysis to payroll systems that
can accurately and securely calculate an
employee’s earnings against the myriad
factors that could affect them month
to month. The desire to work smarter
rather than harder, repurposing existing
staff freed from repetitive tasks so
that they can contribute to value-added
activities, is steering global business
AUGUST 2020