Skip to main content

Artificial intelligence makes its mark!

The market for artificial intelligence is growing at a steady clip. The recent acquisition of the artificial intelligence start-up, DeepMind by Google for a reported USD400 million signals the commercial arrival of this technology. Moreover, with the global market for artificial intelligence valued at USD900 million in 2013, and with its proven ability to reduce manual processes, there is a possibility that it may eliminate many U.S. jobs. But if previous waves of technological transformation in human history are anything to go by, the resources this unleashes will go to creating new industries, markets and jobs.
Will artificial intelligence put human beings out of work?

https://www.spireresearch.com/newsroom/spirethoughts/artificial-intelligence-makes-its-mark/

Comments

Popular posts from this blog

Express Pharma Magazine 16th to 30th November 2013 National

API manufacturers need to relook business processes to operate more efficiently                                                                                                                                                                                  

Nursing homes for the elderly in Korea

As an elderly person, living alone in Korea is difficult. What options do senior citizens have for nursing home facilities? Dr. Justin Lee, Managing Director of Spire Research and Consulting, South Korea shared his thoughts on Korea’s JoongAng Ilbo news portal. Korea now has 3,316 nursing homes and 1,500 specialized elderly hospitals nation-wide. The need for specialised elderly care in Korea is on a gradual rise, as those with health complications cannot live independently. At present, senior citizens with grade ratings of 1 or 2 for long term care under the Long-Term Care Insurance scheme are entitled to use these public nursing home facilities. Dr. Lee opined that paying more does not necessarily mean a better nursing home. Costs in public nursing homes are not consistently higher than those in private ones. Within the public nursing homes, the cost variation is minimal regardless of their management quality as public nursing homes need to abide by set government gui...

Women corporate leaders aspire to bigger roles, demand flexible working hours

Women executives aspire to climb the corporate ladder, but child-care responsibilities have created a speed-bump. Significant minorities report experiencing discrimination and exclusion from “old boys networks” in China and India. Women would like to have more flexible working hours as well as being able to take a few years break from work and re-enter smoothly. These are the findings from a pro-bono survey conducted by strategic market research consultancy Spire Research and Consulting in October 2014. Spire’s survey of 300 female respondents holding executive and managerial positions in companies in China, India and Malaysia (100 per country) concentrated on the corporate aspirations of women, impediments they felt they faced and solutions they favored. The survey used a hybrid online and telephonic interviewing methodology. 98% of the women surveyed in India aspired to grow into a corporate leadership position. The comparable figure for both China (85%) and Malaysia (90%) is...

The Earthquake in Nepal jolts the economy

Nepal – one of the poorest countries in the world – had a rude awakening when a 7.8 magnitude earthquake struck on 25 April 2015. The impact was tragic. Casualties continue to rise, with immense damage to infrastructure. Will the nation be able to pick up the shattered pieces of its economy? Leon Perera, Chief Executive Officer of Spire Research and Consulting shared his insights in China Daily – Asia Weekly. With the estimated cost of rehabilitation set to hit USD5 billion – a quarter of the nation’s Gross Domestic Product (GDP) of USD20 billion in 2014 – the economic impact of the earthquake is massive. According to United Nation’s data, 8 million people are directly in the line of fire. Both agriculture – with well over 70% of the population employed in this sector – and tourism have been badly afflicted. Perera opined that the disaster will also impact the nation’s ability to grow and transport fresh food – the agricultural sector alone accounts for 38% of GDP. Moreover, ...

The ASEAN logistics industry: A growing connectivity hub

The ASEAN nations collectively – if considered a nation – would be the seventh largest economy in the world. Their combined Gross Domestic Product (GDP) is about USD2.4 trillion (as of 2015). ASEAN has a consumer base of more than 600 million, an expanding labor force and a rising Ecommerce industry. There is a growing need to streamline industrial inventories and develop an efficient logistics industry to aid increasingly complex supply chains. Will ASEAN’s logistics industry rise to the challenge? The growing wealth of ASEAN economies With rising costs in China, creeping political turbulence around the world and slower global growth, ASEAN is being seen as a haven of tranquillity by investors. ASEAN’s business sphere is not mature, dominated as it is by small and medium-sized enterprises. But the abundance of natural resources and cost-effective skilled labor has lured many companies to carry out manufacturing processes in this region. For instance, Thailand and Indon...