Industry Insider

The nervous system of a mosquito consists of about half a million neurons. That of a bee – of 800,000 neurons, of a dog – of 160 million neurons. A human has 85 billion neurons in the system. Modern computer systems contain only a few hundred thousand neurons and in rare cases, a few million, which, in terms of intelligence, is comparable to a bee. Bees are technically 100 times dumber than dogs and 100,000 times dumber than humans.

The Australian Securities and Investments Commission (ASIC) wants to learn if Artificial Intelligence (AI) technology can assist it in regulating the corporate landscape. It has issued tender that focusses on a specific subset of AI, natural language processing (NLP), to help with tasks such as drafting correspondence, monitoring text translations of sales calls and reviewing Product Disclosure Statement documents.

Data professionals are wasting half of their time each week finding, protecting, or preparing data -costing organisations significant amounts of money based on a survey of 400-plus individuals performing data functions across North America and Europe.

Document management is still among the most prevalent pain points that plague corporates, according to a study by Nintex, the developer of intelligent process automation (IPA) software.

Information workers may sit in a sea of fuzzy cubes, spread across windowless floors lit by fluorescent lights, but when it comes time to collaborate they are often wandering the desert looking for a home.

Meaningful artificial intelligence (AI) deployments are just beginning to take place, according to Gartner, Inc. Gartner’s 2018 CIO Agenda Survey which found that four percent of CIOs have implemented AI, while a further 46 percent have developed plans to do so.

In a recent video interview , Forrester’s Craig Le Clair, VP and Principal Analyst for Robotic Process Automation (RPA), noted that the majority of investment he sees going into robotic process automation is in the area of shared operations like finance and accounting.

The rise in digital transformation, artificial intelligence and robotic process automation initiatives are being highlighted as the source of 25% revenue growth in 2017 for ABBYY, the global provider of intelligent capture solution. The company says it is the highest growth rate in five years.

The Department of Finance has denied its Digital Records Investment Moratorium for non-corporate Australian Commonwealth agencies will impact the government’s Digital Continuity 2020 Policy, despite its own timetable admitting a proposed Whole-of-Government platform will not provide full record-keeping capability for another six years.