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How To Boost Artificial Intelligence Education In Your Company Posted on : Jul 17 - 2019

The impact of automation in the workforce extends far beyond any individual employee, organization or even industry. As artificial intelligence advances and companies adopt this technology, we’re beginning to see an economic shift.

In 2017, JPMorgan estimated that automation has the potential to increase global gross domestic product by more than $1.1 trillion over the next 10 years. Meanwhile, according to Bloomberg (paywall), PwC predicted that AI could add up to $15.7 trillion to the worldwide economy by 2030. While there’s a huge discrepancy between these projections, I believe the underlying message is clear: Automation is a major factor in the future of global economic growth.

And yet, some experts are anticipating an "AI winter," a period when investments and developments in AI begin to slow down or stall. Although I've observed some success in funding AI in various ways — such as coding boot camps and computer science degrees in an effort to close the skills gap — we haven’t seen the complete payoff we’ve expected. AI still has bias problems; deep learning still gets stumped by simple, if unexpected, variables; neural networks are far from the point where they can be consistently leveraged strategically for business.

As a serial AI entrepreneur, I’ve made it my goal to dedicate enormous resources to research and development for machine learning and AI, and I’ve been able to build tech companies that do the same. Although some do not agree we are approaching an AI winter, from my perspective, as the economy comes to increasingly rely on more sophisticated machines, we can confront a potential plateau of AI development by training machines as an industry and providing more education to those creating the technology. View More