Welcome to episode E108 of the AI Ireland podcast, the show that explores the applications and research of Data Science, Machine Learning and Artificial Intelligence on the island of Ireland.
Tag: data science
Welcome to episode E107 of the AI Ireland podcast, the show that explores the applications and research of Data Science, Machine Learning and Artificial Intelligence on the island of Ireland.
As the AI EU Act inches towards ratification and with the recent agreement among the Top 7 AI companies in America, we stand at a significant turning point in Ireland’s AI journey. There’s an imperative need to build upon the momentum from defining a strategy, to effect a transformation in AI adoption.
Ireland’s AI Strategic Roadmap
With the Department of Trade, Enterprise and Employment targeting 75% of AI, cloud and big data integration in all businesses by 2030, we delve deeper into Ireland’s strategic roadmap for AI. This ambitious drive demonstrates Ireland’s dedication to enhancing the role of Artificial Intelligence in the tech landscape, reinforcing its status as a prospective global trailblazer in AI implementation.
In July 2021, the Irish Government rolled out a comprehensive AI Strategy titled “AI – Here for Good“, proposing a range of initiatives aimed at promoting AI practices for both economic and societal advancement. This forward-thinking move signifies Ireland’s commitment to harnessing AI’s transformative power and associated technologies. AI Ireland wholeheartedly supports the Government’s strategic plan, emphasising the immediate need for increased adoption and investment in AI-centric solutions.
AI Preparedness in Ireland: A Global Perspective
Ireland’s innovative mindset, adaptable skill set and tech-savvy workforce favour our emergence as an AI frontrunner. Globally, Ireland holds a distinguished rank in terms of AI readiness, being 18th among 160 countries as per the Oxford Insight AI Readiness Report 2022.
Role of AI and its Impact on Business Outcomes
AI and advanced analytics have become an integral part of our day-to-day lives, with tools like Siri, Google Assistant, autonomous cars and entertainment platforms such as Netflix and Spotify harnessing AI for personalised customer content. The ability to process and interpret enormous, complex information generated every second, by people and systems, is achievable only through AI’s innovative capabilities.
Ireland’s Vision for an AI-powered Future
The Government’s strategic blueprint outlines a vision for Ireland to emerge as a global leader in using AI for economic and societal advancement, based on a people-centric, ethical approach to its development, integration and usage. It recognises eight pillars to facilitate AI adoption in an ethical and transparent way, equip the public and workforce, fund innovation and research, and encourage AI integration across sectors and industries.
The Role of Irish Organisations in AI Implementation
For Ireland’s AI strategy to truly thrive, organisations need to embrace, utilise, leverage and benefit from it. This starts with organisations recognising the current and future value of AI and making concerted efforts to overcome any internal and external barriers to its adoption.
Building AI Awareness
Irish organisations may miss significant AI opportunities while their competitors invest heavily. A recent survey by Equinix revealed that almost 52% of participants reported that key decision-makers had a limited understanding of AI. Additionally, another 50% understood AI well but were unsure about its potential benefits to their organisation.
Filling the AI Talent Gap
AI solutions are multifaceted, requiring a wide range of competencies such as statistics, programming, data science, tech infrastructure and software development.
Filling the AI Talent Gap
AI solutions are multifaceted, requiring a wide range of competencies such as statistics, programming, data science, tech infrastructure and software development.
Governance and Ethics in AI
Concerns about the ethical and legal aspects of AI solutions are common among regulators across all industries. The majority of organisations do not have an internal framework to evaluate the ethical implications of AI solutions before implementation.
Driving the AI Revolution: The Role of Businesses
The responsibility now falls on businesses to lead AI adoption. The focus should not just be on adopting AI for societal and national good, but on implementing AI solutions that streamline services, foster innovation in products and offerings, and enhance customer experiences.
The Importance of Data Sharing in AI
Apart from developing their own AI solutions, organisations can contribute on a national scale, for instance, by sharing their own data. Data is the lifeblood of AI solutions. The larger the dataset, the higher the accuracy of the output. Open data and data sharing remain significant subjects in this domain.
Conclusion: Realising the AI Vision for Ireland
Ireland’s strategic plan for AI presents a dynamic and promising landscape for the country’s technological future. The drive towards increased AI adoption, facilitated by the Irish Government’s ambitious blueprint, underscores the transformative potential of AI for both economic and societal enhancement. For this potential to be fully realised, businesses, industries, and public bodies must embrace and drive AI adoption.
Combining the power of AI with ethical frameworks, increased data sharing and a commitment to nurturing AI talent, Ireland is positioned to not only be a participant in the AI revolution but also to lead it on a global stage. As we venture further into this AI-powered era, the collaboration of all sectors will be instrumental in ensuring that AI is truly ‘here for good’ in Ireland.
Apply now to the 2023 AI Awards!
Applications for the 2023 AI Awards are still open until August 25th so if you or someone you know is working on exciting projects, products, services and leaders in AI, Data Science and Machine Learning that are making a real impact in the industry, we want to hear from you!It’s free to enter and there are 12 categories you can apply for across industry, academia and leadership.
Head over to www.aiawards.ie to submit an application or please feel free to contact liam@aiawards.ie with any queries about the submission process.
Welcome to episode E106 of the AI Ireland podcast, the show that explores the applications and research of Data Science, Machine Learning and Artificial Intelligence on the island of Ireland.
Artificial Intelligence is revolutionizing the world as we know it and Ireland is no exception. The AI Awards 2023, hosted by AI Ireland, is an event that celebrates this transformation, bringing together the brightest minds and leading organizations in the Irish AI community.
Here’s why you should mark your calendar for this event:
1. Connect with the AI Community
The AI Awards is not just an event; it’s a platform that fosters connections within the vibrant and forward-thinking Irish AI community. Whether you’re a data scientist, an AI enthusiast or a sponsor, the event offers an outstanding opportunity to connect, establish relationships and actively engage with the wider tech community. This could be your gateway to new prospects in the rapidly evolving AI field.
2. Stay Ahead with the Latest AI Trends
The AI Awards showcase the best applications of Data Science, Machine Learning and Artificial Intelligence in Ireland. Attending the event gives you a front-row seat to the latest trends and advancements in the industry. It’s a chance to share your observations and participate in discussions about the future of AI, helping you stay ahead of the curve.
3. Expand Your Network
The ceremony attracts a diverse audience, including members of the AI community, data scientists, researchers, technology CEOs and, of course, the awards finalists themselves. It serves as a valuable networking occasion and a platform for professionals in the field to exchange knowledge and ideas. Who knows, you might meet your next business partner, mentor or collaborator at the event!
4. Build a Shared Vision as a Team
Attending the AI Awards as a team offers the perfect opportunity to forge stronger relationships and create a shared understanding that propels your strategies forward. It’s a chance to align your team’s vision and goals, ensuring everyone is on the same page when it comes to your AI initiatives.
5. Learn from the Experts
The AI Awards give you a chance to interact face-to-face with the experts behind groundbreaking AI research and innovations. These are the people shaping the future of AI, and they’re ready to share their knowledge and insights with you. It’s a unique opportunity to learn from the best in the field.
6. Problem-Solve with Leading Solution Providers
Meet with exhibitors at the cutting edge of AI to exchange ideas and pressure-test strategies that can help your business meet its needs today and in the future. The AI Awards provide a unique platform to connect with the best in the industry and gain insights into the latest AI solutions and technologies.
In conclusion, the AI Awards 2023 is more than just a celebration of excellence in AI. It’s an opportunity to learn, network and gain insights that can propel your business or career in the rapidly evolving world of AI. Don’t miss out on this chance to be part of the AI revolution. Secure your participation without delay!
The 2023 AI Awards is proudly sponsored by Alldus International, Mazars Ireland, Dublin City Council and Mason Hayes & Curran with more sponsors to be announced in the coming weeks.
Early Bird Tickets Now on Sale for the 2023 AI Awards.
The fifth annual AI Awards takes place on Tuesday November 21st at the Gibson Hotel. This is an exciting opportunity to connect and network with over 200 AI and Data professionals across the island of Ireland and hear from some of the most exciting AI applications across industry and academia spanning 12 award categories.
Don’t miss the opportunity to get your discounted Early Bird tickets now! Head over to aiawards.ie/tickets or Eventbrite and enter the discount code EarlyBird_AIA to get your ticket for just €100. Limited tickets available; Original Price €239.
Categories
How is AI being applied to business?
Artificial Intelligence is still an unfolding technology, and its complete influence and advantages remain untapped. AI breakthroughs are among various elements causing disruption in current markets and facilitating fresh digital business projects. Moreover, AI finds applications in diverse sectors, companies and roles in many ways.
Here are a few examples of AI application in business operations:
1. AI in Human-like Communications
Machine learning is paving the way for AI applications such as chatbots, autonomous vehicles, and smart robots that replicate human communications.
2. AI in Biometrics
Through deep learning techniques, AI provides solutions like facial recognition and voice recognition. Neural networks are used to hyper-personalize content through data mining and pattern recognition.
3. AI in IT Operations/Service Desk
AI facilitates IT support with Virtual Support Agents, ticket routing, information extraction from knowledge management sources, and providing answers to common questions.
4. AI in Supply Chain Management
AI assists with predictive maintenance, risk management, procurement, order fulfilment, supply chain planning, promotion management, and decision-making automation.
5. AI in Sales Enablement
AI can help identify new leads, nurture prospects through intelligent tracking and messaging, as well as improve sales execution and revenue through guided selling.
6. AI in Marketing
AI enables real-time personalization, content and media optimization, campaign orchestration, and uncovers new customer insights for effective marketing deployment.
7. AI in Customer Service
AI predicts customer needs and proactively deflects inquiries. Virtual customer assistants equipped with speech recognition, sentiment analysis, and automated quality assurance provide round-the-clock customer service.
8. AI in Human Resources
AI facilitates recruitment processes, skills matching, and leverages recommendation engines for learning content, mentors, career paths and adaptive learning.
9. AI in Finance
AI helps in dynamic processes requiring judgment and handling unstructured, volatile, high-velocity data. Examples include new accounting standards compliance, expense reports review, and vendor invoice processing.
10. AI in Sourcing, Procurement, and Vendor Management (SPVM)
AI assists in spend classification, contract analytics, risk management, candidate matching, sourcing automation, virtual purchasing assistance, and voice recognition.
11. AI in Legal
AI finds use in contract assembly, negotiation, due diligence, risk scoring, life cycle management, e-discovery, invoice classification, and more.
As enterprises adopt AI more widely, it’s inevitable that accompanying threats will arise, potentially posing significant risks to the organization. It’s crucial that these threats are assessed proactively to bolster stakeholder confidence in AI.
By 2025, it’s anticipated that regulations will demand greater emphasis on AI ethics, transparency and privacy. Far from inhibiting AI, these requirements will likely foster trust, stimulate growth and enhance the global performance of AI.