Page 28 - Latest Updates on Artificial intelligence
Retail sector to see transformation due to AI-led tech disruptions: Report
The unorganised segment has dominated the Indian retail sector and in 2019, the segment commanded as much as 85 per cent of the market, show-casing the significant potential for digitalisation
 "Retail sector to see transformation due to AI-led tech disruptions: Report")
Govt aims to enhance digital economy's contribution to 20% of GDP in 5 yrs
Kumar added that AI and other emerging technologies will play a key role in achieving the target, and involvement of all stakeholders is needed
 "Govt aims to enhance digital economy's contribution to 20% of GDP in 5 yrs")
Artificial intelligence to make banking inclusive: Microsoft India head
Banking in the future will combine artificial and human intelligence (AI+HI) to be more collaborative, personalised, inclusive, deliver better products, Microsoft India President Anant Maheshwari said
 "Artificial intelligence to make banking inclusive: Microsoft India head")
Banks need to increase focus on AI, data management, talent creation: IDRBT
Established by the Reserve Bank of India (RBI) in 1996, IDRBT spearheads efforts in providing state-of-the-art technologies for the country''s banking and financial sector
 "Banks need to increase focus on AI, data management, talent creation: IDRBT")
IBM's AI push helps consumer goods firms go digital, tide over Covid-19
The Covid-19 pandemic has spurred consumer goods firms to work with Big Blue to drive their digital transformation efforts, write Peerzada Abrar and Sai Ishwar
 "IBM's AI push helps consumer goods firms go digital, tide over Covid-19")
Data security drives the rise of private cloud
Private cloud means that a firm has control over the server as well as its location, where its data is stored
 "Data security drives the rise of private cloud")
Solar on every farm: Will this help state utilities bridge the revenue gap?
Most farmers in India get subsidised power, which is priced at a fraction of the cost of supply
 "Solar on every farm: Will this help state utilities bridge the revenue gap?")
Best of BS Opinion: Resolving bad loans, case for cooperation on GST & more
Business Standard opinion pieces for the day, among other things, talk about bad loans in the banking system
 "Best of BS Opinion: Resolving bad loans, case for cooperation on GST & more")
Chinese govt's nod must to sell TikTok under fresh tech export curbs
Permits required for overseas transfers to 'safeguard national economic security'
 "Chinese govt's nod must to sell TikTok under fresh tech export curbs")
Industries accelerate automation plans amid chronic labour shortage
Companies say mechanisation is here to stay even in the post-pandemic world
 "Industries accelerate automation plans amid chronic labour shortage")
New Infosys AI-powered solution to automate helpdesk operations
Infosys has launched an AI-driven solution that will automate helpdesk operations, allow customers to eliminate manual resolution and build near-touchless contact centers in the Covid-19 times.
 "New Infosys AI-powered solution to automate helpdesk operations")
Meet the data scientist who is helping Flipkart take e-commerce to Bharat
The e-commerce major's chief data scientist Mayur Datar and is team are building robust data mining engines to help the firm target the next 200 million users
 "Meet the data scientist who is helping Flipkart take e-commerce to Bharat")
India gears up to grab a share of the AI market backed by govt support
However, many of the country's achievements in this space, such as development of the world's first neuromorphic chip that emulates the neurons and synapses in the brains, aren't well publicised
 "India gears up to grab a share of the AI market backed by govt support")
Compliance cost
Tax authorities must explain their data demands
 "Compliance cost")
How China is helping Trump blacklisted-AI firm thrive in pandemic era
The Hong Kong-based startup's revenue surged 147% to 5 billion yuan ($720 million) in 2019 and its customer base increased by about 500 to 1,200 clients, according to co-founder Xu Bing
 "How China is helping Trump blacklisted-AI firm thrive in pandemic era")
This couple's AI chatbot helps people overcome mental health problems
An anthropomorphised baby penguin uses evidence-based cognitive behavioural techniques, meditation, breathing and motivational interviewing to help the user build emotional resilience
 "This couple's AI chatbot helps people overcome mental health problems")
Niti Aayog partners Nasscom to launch AI-based module for school students
This module is the next step in bringing artificial intelligence (AI) to Indian classrooms and is a successor to the AI base module launched in February this year, an official statement said
 "Niti Aayog partners Nasscom to launch AI-based module for school students")
Scientists use AI to identify hundreds of Covid-19 vaccine candidates
The drug discovery pipeline is a type of computational strategy linked to AI -- a computer algorithm that learns to predict activity through trial and error, improving over time
 "Scientists use AI to identify hundreds of Covid-19 vaccine candidates")
GeM has potential to handle transactions up to $100 bn per annum: Official
"The present version of GeM will be upgraded after enhancing the system and a unified procurement system will be put in place," Kumar said
 "GeM has potential to handle transactions up to $100 bn per annum: Official")
Flipkart seeks to tap next 200 million users using voice tech amid pandemic
Introduction of 'voice assistant' on grocery is helping Flipkart bring conversational commerce and aims to fast-track adoption of e-commerce by Bharat consumers
 "Flipkart seeks to tap next 200 million users using voice tech amid pandemic")