Notes from the WORLD ECONOMIC FORUM 2017

Source: CIO

Driving Business Growth with AI

The World Economic Forum Annual Meeting is a collaborative engagement for top leaders to shape global and industrial agendas.

1Source: WEF

One of the major topics discussed this year was artificial intelligence.

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According to Infosys Study, businesses should expect noticeable AI adoption and growth by 2020. Organizations that have deployed AI technologies expect to see a 39% percent average increase in revenue alongside a 37% reduction in costs by 2020.

3Source: InfoSys

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“Artificial Intelligence adoption is on the rise and we are excited to see the investments in AI that

businesses are gradually making to derive meaningful and creative change.”-Sandeep Dadlani, President & Head of

Americas, InfosysRead More

“People don’t understand how deep AI already is in so many things.”

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-Marc Benioff, CEO, Salesforce

Many other top industry and business leaders echoed a similar frame of thought.

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“Our responsibility is to have AI augment the human ingenuity and augment the human opportunity. I think that’s the opportunity in front of us and that’s what we have got to go to work on.”

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-Satya Nadella, CEO, Microsoft

“The reality is that it’s also opening up a large number of jobs – certain areas are going to shrink and certain areas are going to grow. We saw this with every industrial revolution.”-Ryan Permeh, Chief Scientist & Cofounder, CylanceRead More

The world needs technological breakthroughs like AI to kick start weak economic growth, according to Satya Nadella, CEO at Microsoft.

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Speaking at the World Economic Forum in Davos, Nadella rebutted claims that AI would accelerate wealth disparity and instead said that it could be a vital driver of growth.

Jobs of the future won’t be blue or white collar they’ll be ‘new collar.’“Think about activities changing with the technologies. When you do your job, there will be things that take you a lot of time to research and do … Then you have the time to do what I think we all humans do best,” says IBM CEO Ginni Rometty.

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Google co-founder ‘surprised’ by speed of AI advancementsBrin said that when he was in charge of Alphabet's research group he didn't pay much attention to a team working on AI. Now the technology, operated by a division of the company called Google Brain, touches nearly every piece of its business …

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The World Economic Forum indicates that emerging technologies such as artificial intelligence are already starting to have a disruptive effect on society.

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