While robots and computers will probably never completely replace doctors and nurses, machine learning/deep learning and AI are transforming the healthcare industry, improving outcomes, and changing the way doctors think about providing care.
Talent Science is the business capability of using advanced data analysis techniques and predictive models to drive HCM decision making. It calls for a logical connection between decisions about people, HR program investments and strategic business outcomes.
Since its inception, AI has experienced at least two major hype cycles with resulting winters of disillusionment. Although after the first “winter”, many financial firms deployed a number of successful applications, by the 1990’s, AI went into its second winter of disillusionment as realization set in that these systems were harder and more costly to build and maintain than first anticipated.
In a surprise announcement late Tuesday, Prime Minister Narendra Modi banned 500-rupee and 1,000-rupee notes effective midnight, sweeping away 86 percent of total currency in circulation. In a nation where 98 percent of consumer transactions are still made in cash and about a quarter of the $2 trillion economy is unaccounted for, Modi’s pushing for crackdown on Black Money, making the illegal stacks of hidden cash instantenously invalid. A commendable move!
Predictive analytics has been used in retail for decades, but it’s within the last few years that advances in technology — namely artificial intelligence — have supercharged the speed, scale and cost at which it is used.