Posts for artificial intelligence

A look at the highly influential areas of technology like artificial intelligence for governments. Right investments and applications, will augment rather than replace human resources.
Artificial Intelligence, Technology

Why Should Governments Invest In Futuristic Technologies Like AI?

A look at the highly influential areas of technology like Artificial Intelligence, which the governments gain on.


Throughout the years, technology has played its part in shaping the modern digital world. With dependence on technology becoming more of a need, one must agree that it is only in the recent past that the government investment in futuristic technology has come on par with private investors. What makes it crucial for the governments to step in rather than watch the private sector take over the arena? What difference does it make compared to the technological advances the world has seen so far?

UPSKILLING THE WORKERS TOWARDS ARTIFICIAL INTELLIGENCE

As technology takes over, workers in different sectors should be upskilled rather than simply complaining that humans are losing jobs to technological advancements. There will be jobs created by technology like AI, which would require more than normal skills found today. The finance sector is the best example of this today. AI is already assisting financial officers in augmenting financial planning and enhance investment strategy. Being a relatively conservative area, AI is used to track data-driven investments enhancing business modules. They are also used to prevent fraud, create better security mechanisms and track culprits based on their activities and so on.

AN ALL-ROUND INFLUENCE BY TECHNOLOGY

Investing in futuristic technologies not only helps in better returns but also improve every field they are used in. For instance, robotic surgeries are far more accurate and precise than human surgeons; better infrastructure planning, citizen response systems to address their issues instantly and directly, defining policy requirements based on data collected, etc. are some of the areas where the governments are already using technology. While increasing their chances to retain power, technology also means immediate government regulations based on what algorithms indicate. Influential technologies like AI cannot be sent back to the start. They need to be used constructively like having a more open government, assisting in smart citizenship, resulting in a good balance between democracy and technocracy.

INDUSTRIALIZATION OF AI

A study suggests that about $15.7 trillion will be added to the global economy by 2023, thanks to AI, out of which North America alone will be responsible for 14.5% of the boost. With giants like the US and Canada spending actively on AI, such a massive impact can be achieved with the industrialization of Artificial Intelligence. As already seen, the wide range of applications and influence in various industries result in a constant state of innovation.

Growth becomes inevitable with innovation, especially in fields like agriculture, labor markets, energy management, etc. This is already in progress with the governments investing highly in researches and working closely with Universities to use fresh minds for development and innovation.

Right investments and applications will augment rather than replace human resources. Citizens are in touch with the most advanced technology as soon as they see the light of the world. Time is not in the governments’ favor. Hence, it is ideal that they start investing in these technologies today rather than watch the private sector make use of the gap and influence the people in their own ways. The government also could prove to be the point of control in not letting technology influence people in a bad way.

Most of the developed nations like Canada are focusing on technology as a driving force for a global society instead of simply looking at a national gain. A quick brief on the AI scene in Canada. In return, one can also say that globalization has impacted the perspectives of countries investing in futuristic technology.

Written by Aradhya Singh in July 25, 2019
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While all the first world countries compete to assert dominance in the AI global scene, one cannot help but notice Canada crawling to the top with ease, becoming the top country for AI investments and developments.
Artificial Intelligence

The AI Scene In Canada: A Quick Brief

From problem-solving to contributing to an easier lifestyle, Artificial Intelligence is here to stay. While all the first world countries compete to assert dominance in the AI global scene, one cannot help but notice Canada crawling to the top with ease, becoming the top country for AI investments and developments. Canada used to be a businessmen’s secret until a few years ago. With the current government investing extensively in businesses to make a mark in the global scene, AI became their best bet to announce global dominance.

INCLUSIVITY TO ENCOURAGE PARTICIPATION

The 32nd Canadian AI conference happened in May 2019. This event saw participation from hundreds of experts from the AI industry, research, government and accomplished students from all over the country. Such diverse participation means every dimension of the industry is discussed to propel them forward without much hassle. The Universities of Toronto and Montreal find themselves carrying the roots of Deep Learning, an advanced technique important for the core development of AI. Such major participation from the students ensures a powerful future in the respective field. This wide range of minds involving themselves in the current AI scenario has resulted in Canada having the largest ecosystem in AI.

INVESTMENT IN ARTIFICIAL INTELLIGENCE R&D

Only one company found itself among the top 100 AI companies in the world in 2018. However, there is a brighter side to this. Canada has not yet commercialized most of its AI currently, but the investment in research guarantees major innovation and immediate leap to the top in the future while the competitors scramble to stay unique and innovative. It is the only country to have a strategy for AI. More than $125 Million have been invested in Pan-Canadian Artificial Intelligence Strategy by the Canadian Institute for Advanced Research (CIFAR), a governmental organization. Even American supreme powers like Facebook, Uber, Google, etc. have set up core research labs in Canada, most of which have tie-ups with top universities.

RESPONSIBLE DEVELOPMENT AND IMPLEMENTATION OF AI

Apart from making the whole system as transparent as possible, the Canadian government has introduced Algorithmic Impact Assessment (AIA) to check the ethical and human values of the AIs introduced. By making it applicable to both governmental and private projects, it makes sure nothing escapes the system and warns the developers on any discrepancies. Various aspects like cybersecurity, safety to the environment are taken care of at the grassroots levels, making even the consumers aware of the impact of what they use. This is not a one-time development either. Updates and policy amendments are continuously made with the help of public workshops and online assessments, resolving developing issues then and there.

STARTUPS AND AI

Deserving startups working on AI will find themselves being empowered by Canada on the global stage with several technology events calling for the best innovators in the world. This is also assisted by easier and more open supportive processes like providing with Visas and welcoming them into their country with open arms. More than simply working with established organizations, kickstarting new ones makes sure the work is done faster, more economical and the opportunity falling in the right hands. The current government is focusing on creating five “superclusters” across the country for tech investments. Read more on how are innovations in startups contributing to leveraging technology.

It is safer to say that Canada hit the nail on the head by nitpicking unaddressed aspects and unresolved issues right in the beginning, giving them the edge over any other country in the world. With the amount of monetary, time and energy investment in research currently, it would only be appropriate to say that Canada is still one step ahead in the Artificial Intelligence industry.

Written by Aradhya Singh in July 5, 2019
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