Weekly News: Top 5 stories this week about Analytics and AI

Here are the top 5 stories in this week about Analytics and AI

Major Australian retailers such as Woolworths and Bunnings are employing artificial intelligence (AI) software called Auror to catch shoplifters. Auror uses uploaded images to identify repeat offenders by cross-referencing them with previous crime reports. The AI can detect wrongdoing and alert security staff in real-time, but it does not engage with general customers, ensuring their privacy. However, privacy concerns remain as laws have not kept pace with AI advancements. Retailers' use of AI and data combinations, such as purchase history and location, may breach privacy regulations. Auror collaborates with law enforcement to assist retailers in providing evidence to investigators. While police currently use Auror for data collection, the use of facial recognition technology for identifying serious criminals is expected in the future.

UNESCO has published a policy paper addressing concerns over the potential harms and ethical issues associated with artificial intelligence (AI). The paper analyzes "experimental" AI tools like ChatGPT and applies the principles of the UNESCO Recommendation on the Ethics of Artificial Intelligence. It proposes concrete actions and a procedural framework for stakeholders to ethically design, develop, deploy, and procure AI systems. The paper aligns with recent calls for AI regulation by G7 leaders and suggests that the Recommendation can guide decision-makers in addressing concerns and promoting the social benefits of AI. UNESCO provides support through toolkits and collaborations with other organizations to establish a governance framework for AI.

According to Economic Intelligence Unit ,companies across various sectors are utilizing artificial intelligence (AI) for different purposes. AI is being used in agriculture to enhance productivity through robotics, soil and crop monitoring, and predictive analytics. In the automotive industry, AI finds applications in design, production, vehicle maintenance, infotainment, and autonomous driving. Logistics and retailing benefit from AI in areas such as predictive logistics, inventory planning, and supply chain transparency. The energy sector utilizes AI for grid management and efficiency, especially in managing renewable energy fluctuations. In finance, AI is employed for fraud detection and automated investing. Healthcare industries leverage AI for drug discovery, diagnostics, and resource allocation. Businesses need to identify suitable use cases to drive AI adoption effectively.

Forbes has reported that Artificial intelligence (AI) has the potential to revolutionize the field of medicine by enabling AI-controlled robots to perform precise medical procedures. These robots, equipped with AI and the ability to analyze vast amounts of data, can consider factors such as a patient's medical history, previous similar cases, and the risk of complications to choose the best treatment options. However, training robots to be surgeons is more challenging than training humans, as AI requires comprehensive batch data from start to finish. AI is already being used in various medical applications, including diagnostics, imaging analysis, treatment selection, and public health monitoring. The potential for AI in healthcare is immense, and its success depends on accurate data, addressing bias, and proper education of both patients and doctors.

The Government of Canada is investing over $124 million in responsible artificial intelligence (AI) research at the Université de Montréal through the Canada First Research Excellence Fund (CFREF). This investment aims to strengthen Canada's position as a global leader in AI research and innovation. The funding will support the R3AI initiative, which focuses on implementing responsible AI design and adoption strategies in areas such as molecule discovery, health system improvements, and climate change mitigation. Through CFREF, Canadian universities can advance their research programs, attract world-class talent, and contribute to social and technological innovation ecosystems. The government emphasizes the importance of responsible AI development and protection of Canadians in the digital age through proposed legislation, such as the Artificial Intelligence and Data Act (AIDA).

And that covers top 5 stories in this week about Analytics and AI

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