A man wearing a face mask looks at a robot in Beijing. The use of industrial robots became increasingly widespread in 2020.
Photo: Wang Zhao/AFP via Getty Images
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A year is a long time in the technology space. In 2019, much of our focus was on blockchain and 5G, but in 2020, it was all about artificial intelligence and its rapid adoption into business practices something that was hastened by the onset of COVID-19. But among the 50 pieces that BRINK published on technology in 2020, we also covered cyberattacks, fintech, digital healthcare and other areas of technological expertise.
In the past, one of the challenges of adopting AI has been the cost. But that is changing from an increase in open source AI comes into the market. Justin Starr, the vice president of digital transformation at PreScouter, says that companies can experience huge efficiencies from quite straightforward AI uses:
Companies that are able to leverage AI on existing data sets can immediately begin identifying causal relationships and generating a return on investment. Effectively, this means that AI projects can generate a 3-5 times ROI and cost less than any capital improvement program.
This has not gone unnoticed by companies: In February, even before the full onset of COVID-19, we published a graphic from Salesforce showing companies rapid expansion plans for AI.
In Here Are 3 Ways AI Could Help You Commute Safely After COVID-19, CEO and Co-Founder Amos Haggiag of Optibus pointed out the various ways AI can help ensure safe public transport post-COVID:
Artificial intelligence can help us all travel at ease by crunching huge amounts of data, devising optimal schedules and journeys and adapting them to the rapidly evolving situation.
CEO Steve Potter of Odgers Berndtson, U.S. wrote about the way in which AI is transforming talent search and the ability to fit people to the right jobs:
Though it would have seemed impossible just a few years ago, AI algorithms can now aggregate personal and organizational profiles from billions of social, public and enterprise sources and use them to build a continuously updated portrait of the labor market.
Meanwhile, we showed how industrial robots became increasingly widespread in 2020:
Stephan Zheng, the lead research scientist at Salesforce Research, posed a fascinating possibility in his piece: Can AI Build a Tax System That Supports Equality?
In our simulations, the AI Economist achieved a 16% gain in the trade-off between equality and productivity compared to the next best framework, the Saez model. Compared to the free market, the AI Economist also improves equality by 47 percent, with only an 11% decrease in productivity.
AIs treatment in the law was another challenge that we covered. In his piece, Should AI be Treated the Same as Humans Legally, Ryan Abbott, the author of The Reasonable Robot, argued that the law is biased in favor of AI because companies do not have to pay payroll tax on an AI employee, thereby incentivizing the adoption of robots over humans:
The even bigger problem may be that automation can dramatically reduce tax revenue. Thats because 90% of the U.S. federal governments revenue comes from payroll and income taxes. A relatively small amount, less than 10%, comes from company taxes.
Bias within algorithms has become a major focus of academic study. CEO Rumman Chowdhury of Parity and Mona Sloane of New York University explored the concept further in The Risks of Using AI for Government Work:
The public use of an algorithmic decision-making system has different requirements than a private-use product. It is acceptable for a private company to create a product that addresses the needs of, for example, 80% of their target market. However, if this product is translated to public use, addressing the needs of 80% of your constituency is unacceptable.
Mona Sloane also wrote about the problems of relying on ethics codes to curb the danger of bias in AI, while Kartik Hosanagar, a professor of technology at the Wharton School, addressed a major concern in his piece called How Can We Stop Algorithm Bias? He concluded that it is possible to give consumers a digital bill of rights that at least provides them with some transparency in how AI makes a decision:
its much easier in the long run to fix and correct biases in algorithmic decisions than in human decisions. Correcting gender or race bias in humans is incredibly hard.
AI offers much promise for healthcare, but there are considerable risks too. COVID-19 has accelerated the acceptance of digital healthcare tools, such as telemedicine, online symptom checkers, use of robots in hospitals and algorithms in surgery. This is particularly seen in Asia, according to Kitty Lee and Matt Zafra of Oliver Wymans Health & Life Sciences practice. Kavitha Hariharan, the director of healthy societies at Marsh & McLennan Advantage, argues that male bias pervades every step of the process that shapes health care from discovery and testing to clinical practice and outcomes but that this could be changed with AI:
To ensure health equity for women, we need a sex and gender lens incorporated into data, algorithms and health care.
BRINKs most widely read pieces on technology in 2020 were as follows:
If you would like to read more of our technology articles in 2020 anything from the risks in digital time to the rise of esports and use of drones in the city you can find them all here.
Read more from the original source:
- Global Automotive In-Cabin 3D Sensing Technology Market Report 2021: Market Penetration for Level 2 Cars and Expected Market Penetration for Level 3... - March 3rd, 2021
- Security Technology Strategies at the Core of Business Operations - SecurityInfoWatch - March 3rd, 2021
- CoSN2021: Technology in the Classroom Promotes Equity in Education - EdTech Magazine: Focus on K-12 - March 3rd, 2021
- Lumen Technologies to present at the Morgan Stanley 2021 Technology, Media and Telecom Conference - The Grand Junction Daily Sentinel - March 3rd, 2021
- Here's the Technology Government Needs in 2021 - Government Technology - March 3rd, 2021
- How criminal investigations have evolved along with technology - THV11.com KTHV - March 3rd, 2021
- Chatbots that resurrect the dead: legal experts weigh in on disturbing technology - The Next Web - March 3rd, 2021
- How technology can help us achieve at least 30% ocean protection (commentary) - Mongabay.com - March 3rd, 2021
- Recovering from the SolarWinds hack could take 18 months - MIT Technology Review - March 3rd, 2021
- Leading facial recognition technology provider Corsight AI announces expansion into the Asia Pacific region - PR Newswire India - March 3rd, 2021
- Microchip Technology Announces Changes to Its Board of Directors - GlobeNewswire - March 3rd, 2021
- Parallel Flight Technologies to Participate in the Federal Aviation Administration's BEYOND Program - PRNewswire - March 3rd, 2021
- Bryce Space and Technology Rebrands to BryceTech - Via Satellite - March 3rd, 2021
- Artificial Intelligence Technology Solutions Announces Executive Team Expansion - Business Wire - March 3rd, 2021
- Unifrax, Backed by Clearlake Capital, Announces Lithium Ion Battery Anode Technology Coming Early Next Year - Business Wire - March 3rd, 2021
- How beers and Vikings gave Bluetooth technology its name - Yahoo Finance Australia - March 3rd, 2021
- Exro Technologies Inc. - Integrity Statement from the CEO - Yahoo Finance - March 3rd, 2021
- Relivion Wearable Brain Neuromodulation Technology Cleared by FDA for the Treatment of Migraine - Business Wire - March 3rd, 2021
- China eyes next-generation chip technology to take on global rivals - The Japan Times - March 3rd, 2021
- Need a break from technology? Participate in a National Day of Unplugging scavenger hunt - SILive.com - March 3rd, 2021
- Horizon Technology Finance Announces Fourth Quarter and Full Year 2020 Financial Results - PRNewswire - March 3rd, 2021
- Gary Wojtaszek, Former CEO of $12 Billion Data Center Technology REIT CyrusOne, to Join Quantum Loophole Executive Board - Business Wire - March 3rd, 2021
- Elys Game Technology Comments on the Status of Legislation to Legalize Single Event Sports Betting in Canada - Business Wire - March 3rd, 2021
- U.S. to Impose Sweeping Rule Aimed at China Technology Threats - The Wall Street Journal - February 27th, 2021
- What Technology Would Catch Your Eye If You Won the Lottery? - Drovers Magazine - February 27th, 2021
- Technology Landscape, Trends and Opportunities in the Global Motion Sensor Market, 2021 Report - ResearchAndMarkets.com - Yahoo Finance - February 27th, 2021
- Learning from history: How forward-thinking legal professionals approach technology - JD Supra - February 27th, 2021
- Farm-Tested Technology a Win for Grower and Startup - Agweb Powered by Farm Journal - February 27th, 2021
- Facebook is 'looking at' facial recognition technology for upcoming smart glasses, executive confirms - CNBC - February 27th, 2021
- Leveraging Technology to Manage Big Data in Antitrust - JD Supra - February 27th, 2021
- KULR Technology forms partnership with the CSA Group to develop a new battery safety standards - Proactive Investors USA & Canada - February 27th, 2021
- AMSE and Dept. of Energy partner to teach history of technology and science in Oak Ridge - WBIR.com - February 27th, 2021
- Camp Hill-based company to use partnership to develop technology platforms for client institutions - PennLive - February 27th, 2021
- Integrating nature with technology to strengthen climate adaptation - Daily Planet` - February 27th, 2021
- Proposals to meet global challenges in artificial intelligence and technology regulation - Brookings Institution - February 27th, 2021
- Is Technology Changing The Real Estate Industry? - BOSS Magazine - February 27th, 2021
- Engineering student's technology could revolutionize the use of drones - University of Miami - University of Miami - February 27th, 2021
- Ideas, technology and a fire in the gut fuel young entrepreneurs - Jacksonville Daily Record - February 27th, 2021
- Technology and Art of Light in the Spotlight: Artists from around the World Gather at Shenzhen International Light Art Forum - PRNewswire - February 27th, 2021
- Chevron launches $300 million fund to focus on low-carbon technology - Reuters - February 27th, 2021
- Sweden's KTH Royal Institute of Technology Selects Hewlett Packard Enterprise to Build New Supercomputer to Advance Academic and Industrial Research -... - February 27th, 2021
- 10 Information Technology Stocks With Unusual Options Alerts In Today's Session - Yahoo Finance - February 27th, 2021
- Dots and Bridges Launches New YouTube Channel to the Highlight the Technology, Humanity and Culture Intersection - Business Wire - February 27th, 2021
- Desert Storm attack pilot integrates 30-years of tactics with new technology - Robins Rev Up - February 27th, 2021
- The Pellicano Hotels Group Selects Lybra as a Preferred Technology Partner, Implementing Lybra's Assistant RMS in all 3 of Their Luxury Properties in... - February 27th, 2021
- Is It Time To Consider Buying Amkor Technology, Inc. (NASDAQ:AMKR)? - Yahoo Finance - February 27th, 2021
- 10 Breakthrough Technologies 2021 - MIT Technology Review - February 25th, 2021
- New Year, New Technology Priorities - Ward and Smith, PA - February 25th, 2021
- Technology and Innovation Report 2021 - UNCTAD - February 25th, 2021
- Wearable Technology Market Expected to Exceed $74 Billion By 2026 As Wellness Craze Kicks into High Gear - PRNewswire - February 25th, 2021
- OneConnect Financial Technology and Singapore Exchange collaborate to address the region's ESG reporting needs - PRNewswire - February 25th, 2021
- GRAPHISOFT Empowers Mission of 400 Forward as Official Software and Technology Partner - PRNewswire - February 25th, 2021
- Taking future wireless technology from science fiction to scientific reality - Penn State News - February 25th, 2021
- CRN Names BetterWorld Technology to 2021 MSP 500 List in the Pioneer 250 Category - PRNewswire - February 25th, 2021
- GSCW chat recap: Naeem Zafar on using technology to feed the world - FreightWaves - February 25th, 2021
- What Old Technology Do You Think Is Cool? - The New York Times - February 25th, 2021
- New brain scan technology hopes to help people recover from addiction - WBIR.com - February 25th, 2021
- How Technology Will Fuel the COVID-19 Vaccine Administration - Healthcare IT News - February 25th, 2021
- Rackspace Technology Named Cloudflare Worldwide MSP Partner of the Year - GlobeNewswire - February 25th, 2021
- Lattice and Future Electronics Collaborate on Virtual Technology Sessions for Machine Learning/AI, Embedded Vision, and Secure System Control -... - February 25th, 2021
- Baldwin-Whitehall's Peretin named Technology Administrator of the Year - TribLIVE - February 25th, 2021
- Christian Poellabauer appointed to lead new Applied Analytics and Emerging Technology Lab at Notre Dame - ND Newswire - February 25th, 2021
- The 6th Wave of Advertising Technology: Privacy - AdExchanger - February 25th, 2021
- Global Hydrogen Aircraft Market and Technology Forecast to 2029 - Featuring BAE Systems, Bell Helicopter and Boeing Among Others -... - February 25th, 2021
- Northern Refrigerated Transportation Adds SmartDrive Video-Based Safety to Technology Suite - Business Wire - February 25th, 2021
- How Nanoemulsion Technology Is Drastically Affecting the Food & Beverage Industry - PRNewswire - February 25th, 2021
- AI could have profound effect on way GCHQ works, says director - The Guardian - February 25th, 2021
- Analog Devices, University of Limerick and Stripe Collaborate to Leverage Software Technology for the Transformation of Engineering Education -... - February 25th, 2021
- Adhesive Tapes Market Research Report by Resin Type, by Technology, by Backing Material, by Category, by End-use Industry - Global Forecast to 2025 -... - February 25th, 2021
- NUBURU Establishes Advisory Board of Seasoned Technology Experts - Business Wire - February 25th, 2021
- Joby Aviation to List on NYSE Through Merger With Reinvent Technology Partners - Business Wire - February 25th, 2021
- The U.S. Needs a Federal Department of Science and Technology - Scientific American - February 21st, 2021
- Treasure hunting with technology add geocaching to your outdoor activities during COVID-19 - ABC27 - February 21st, 2021
- AIM Institute Offers Free Introduction to Technology Course to Demystify IT - kneb.com - February 21st, 2021
- SAG-AFTRA Leaders Explore Promises & Threats Of New Technologies And Their Impact On Residuals Labor Innovation & Technology Summit -... - February 21st, 2021
- Mobilaris & Lule University of Technology working together to improve AI-based positioning in mining - International Mining - February 21st, 2021
- Apple is already working on developing 6G wireless technology - Ars Technica - February 21st, 2021
- Local buses equipped with technology said to remove 99.9% of COVID-19 from air - WTAE Pittsburgh - February 21st, 2021
- Why Osprey Technology Acquisition Stock Popped Again Today - Motley Fool - February 21st, 2021
- Meet College of Health Sciences and Technology Dean Yong 'Tai' Wang - RIT University News Services - February 21st, 2021