By Tzahy Shanny, VP Legal Imagine your boss assigns you Tolstoy’s “War and Peace”, asks you to read it and tells you to prepare a concise work plan for the company to implement the lessons you’ve learned from it. This is how some general counsels and privacy officers feel these days as the looming implementation date…
Honestly, I wasn’t particularly surprised by these questions. Firstly, on the public and media front, we are hammered with news items and articles (some are advertisements in disguise) which focus on the “easy to understand” or attention-grabbing AI applications, such as AI machines beating human chess masters or vehicles driving flawlessly on the highway.
AI is no longer just available to the largest institutions with deep pockets as more vendors are creating cost effective, safe and easy to use solutions. IDC predicts worldwide revenues from the adoption of cognitive systems and AI across industries to increase from $8 billion to over $47 billion by 2020, with retail and banking leading the charge. At the same time, many banking executives believe that AI will become the “primary” channel through which banks and their customers will interact within the next three years.
Artificial Intelligence is considered the main driver of the 4th Industrial Revolution and our technology is already on the global radar as one of the top 50 companies leading the artificial intelligence (AI) revolution. So, where does Voyager Labs sit in this vast eco-system of emerging AI technologies?