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5 AI Innovations You Need To Be Aware Of

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Artificial intelligence (AI) has been at the forefront of innovators minds for decades and as the technology makes breakthroughs, the public is becoming more aware of its implications.

The scientist, innovators, and entrepreneurs who dedicate their lives to the pursuit of high-level artificial intelligence are pushing the boundaries of what can be accomplished every day.

We are seeing the direct result of their breakthroughs in the forms of automation and autopilot. Through this pursuit one thing becomes clear: AI will change our lives dramatically in the coming years. That is why it is not only fascinating, but also imperative that we stay abreast of the current climate in the world of AI. These innovations are doing amazing things in the world of AI that could affect the planet for decades to come.

READ MORE: Four Skills To Make Yourself Robot And Recession Proof

  1. Self-Driving Cars

The most popular innovation, as well as the most exciting, is the advent of autonomous vehicles. For the last 50 years people have imagined a world where driving would no longer be necessary to enjoy personal and private transportation.

Driving in the United States has been a leading cause of death among youth for a number of years. One of the primary goals of autonomous vehicles is to reduce the number of casualties, while simultaneously increasing the efficacy of transportation services across the globe. With safety and value in mind, autonomous vehicles ranks as one of the most ambitious and exciting innovations to come.

READ MORE: Push For Self-Driving Car Rules Overlooks Lack Of Federal Expertise In AI Tech

  1. Natural Language Processing

A main goal of AI in the future is to create machines that can reason and write with the lexical skill of a human being. Natural Language Processing (NLP) is the software that will hopefully achieve one such future that’s being developed primarily in Python.

Companies, like Attivio and Alphabet, are working constantly to replicate human thought and speech patterns. The goal of this is to ultimately create machines that can communicate with us, and us to them. This would fabricate a new type of machine with unlimited possibilities of growth. This could lead to machines replacing lawyers, doctors, or even therapists. The projected future of this technology is endless. This makes NLP one of the most intriguing innovations to watch.

  1. Virtual Agents

Virtual Agents (VA) have a simple but profound goal: to create AI that can guide us through customer service effectively and quickly. As of now the AI is mostly used for automated chat resources but with enough progress and innovation, businesses hope to replicate the experience of human customer service. Fused with the efficiency of a machine, this would also eliminate the wait time problem that we all have been through.

Companies like Apple and Amazon have put themselves on the cutting edge of this technology with the view that great customer service would help their brands exponentially. This technology, however, is closer than we imagined due to programs like deep learning in which a program can watch and learn from humans interacting. This innovation will most likely be affecting us, and easing tension, very soon.

READ MORE: Apple, Not Google Or Facebook, Will Define The Future Of Augmented Reality

  1. Robotic Process Automation

One technology that businesses are particularly keen on is the Robotic Processing Automation (RPA) AI software. RPA is simple in its conception and seeks to automate more complex human tasks, like filing reports or reading mail. This, however, has some obvious concerns for workers in the middle classes as they may get replaced, but the impact of such a comprehensive technology could change the nature of work forever.

The company Automation Anywhere is one such business that is seeking to change work for the better. This could alleviate issues that arise from companies with too few employees or too tight a budget to hire who they need. Still in larval stages, this AI platform won’t hit full stride just yet, but it is on its way.

READ MORE: Battling Giants

  1. Machine Learning

Machine learning is the process whereby a program can analyze a system and replicate its functions automatically. This could consolidate machine usage and create more efficient algorithms. It helps with predictions and forecasting by synthesizing data and outputting a report which streamlines the data gathering process.

Amazon and Fractal Analytics are in full swing on developing this software as it could help businesses operate at lower cost with higher efficiency. For all intents and purposes, machine learning is here and is advancing at an astronomical rate. Keep your eyes peeled because your company may be involved in machine learning before you know it.

Whether we like it or not AI is here. With it comes fears and hopes, but most importantly change. Some of these technologies are right around the corner, some are far off. Keep your eyes on the future.

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MultiChoice, Africa’s Biggest TV Operator, To Be Listed By Naspers, Africa’s Largest Public Company

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Koos Bekker, billionaire and chairman of Naspers Ltd., reacts during an interview at his office in Cape Town, South Africa, on Thursday, May 7, 2015. South Africa lacks a coherent economic policy and government departments are failing to work together, said Bekker, chairman of Africa's biggest company. Photographer: Halden Krog/Bloomberg via Getty Images

 

Naspers, the emerging markets internet and media giant which is the largest public company in Africa, will list its satellite television subsidiary MultiChoice, it has announced.

MultiChoice’s DStv service is the biggest TV operation in Africa, broadcasting to some 50 countries, and was one of the first satellite companies to pioneer the then newly-minted digital broadcasting when it began in 1996.

The spun-off company will be listed on the Johannesburg Stock Exchange (JSE) and will be known as MultiChoice Group. It will include MultiChoice South Africa, MultiChoice Africa, Showmax Africa, and Irdeto. Naspers will retain its primary listing on the JSE.

“This marks a significant step for the Naspers Group as we continue our evolution into a global consumer internet company,” said Naspers CEO Bob van Dijk. “Listing MultiChoice Group via an unbundling aims to unlock value for Naspers shareholders and at the same time create an empowered, top-40 JSE-listed African entertainment company.”

MultiChoice has been part of Naspers’ Video Entertainment division, which had revenue of ZAR47.1-billion ($3.1-billion), a trading profit of R6.1-billion ($401.6-million) and added 1.5-million subscribers in the last financial year, according to Naspers figures. It “is one of the fastest growing pay-TV operators globally. Its multi-platform business entertains 13.5-million households across Africa.. and employs more than 9,000 people in Africa,” it said. A further 20,000 people are employed by its partners and suppliers on the continent.

MultiChoice offers online streaming services called ShowMax (which offers a pure-play service in Poland) and DStv Now.

“The Video Entertainment business is an African success story. This unbundling and listing is expected to deliver value to the South African economy as well as to Naspers and Phuthuma Nathi shareholders. Naspers will continue to invest in South Africa through our interest in e-commerce business such as Takealot, Mr. D Food, PayU, OLX, Property24, and AutoTrader, amongst others,” Van Dijk added.

Phuthuma Nathi is a Black Economic Empowerment (BEE) scheme in South Africa, BEE is government policy designed to redress the injustices of Apartheid. The unbundling is subject to regulatory approval in various African countries.

“Listing and unbundling MultiChoice Group is intended to create a  leading entertainment business listed on the JSE that is profitable and cash generative. WE offer an unmatched selection of local and original content, as well as a world-class sports offering. Our leadership team is diverse, experienced and well-positioned to take the company forward,” said Video Entertainment chief executive Imtiaz Patel. “There are growth opportunities for MultiChoice Group in Africa. The combination of MultiChoice’s reach, Showmax and DStv Now’s cutting-edge internet television service, alongside Irdeto’s 360-security suite will provide a unique offering. Our customer focus, international and local content, and pioneering technology places MultiChoice Group at the forefront of African digital transformation.”

Earlier this year Naspers sold a 2% stake in Tencent for nearly $10-billion to fund its internet growth and offloaded its share in Indian e-commerce business Flipkart to Walmart. In mid-2016, Naspers became the first South African company to reach the magical R1-trillion valuation.

For decades MultiChoice was the crown jewel of the Naspers stable, until its internet interest – especially Tencent – became the group’s focus. The first channel, called M-Net, was the brainchild of Koos Bekker, now Naspers chairman, who was studying for an MBA at Columbia University. At the time it launches in 1986 M-Net was one of only two pay-TV channels in the world.

Bekker told me that he had seen the success of HBO during his studies and approached Ton Vosloo, then CEO of Nationale Pers (Naspers), a large newspaper group with Afrikaans-language publications, with his idea. Vosloo was keen to find another revenue stream for Naspers which had been awarded a broadcast license by the South African government to compensate them because significant advertising revenue was being spent with the state-owned South African Broadcasting Corporation (SABC).

DStv’s first broadcast in October 1986 was the final of a provincial rugby competition, called the Currie Cup, between provinces then known as Western Province and Transvaal.

But, with massive capital investment and huge overheads, within a year it faced severe financial pressures as it struggled to attract customers.

“By Feb [19]87 our viewing audience was so pathetic we had to give make-good ads to advertisers on the basis of one-paid, two-free,” Bekker told me at the 30th anniversary of M-Net in 2016, where a holographic depiction of Trevor Noah reminisced how integral and influential the channel had been to South African culture.

“By March [19]87 our trading results were turnover of half a million Rand, loss of ZAR3,5m for the month. Since our backers were newspaper groups of small to moderate size, they couldn’t bear that sort of bleeding. We were a few weeks away from the end.”

MultiChoice’s strategic advantage was its choice of new technology (well-made decoders) and a clever change in strategy (from selling to apartment complexes and to single homes), something Bekker would prove adept at doing when he bought a one-third stake in 2000 for $30-million in a then-unknown Chinese messaging company called Tencent, whose QQ instant messaging service now has over 1-billion customers.

The decoders “sold sweetly, since we now needed to persuade only a single guy and it didn’t matter what his neighbors thought”.

M-Net “scraped through by the skin of our teeth, and by the end of [19]88 were breaking even on a monthly basis” and became profitable in 1990. It was listed a year later and Bekker took over as Naspers CEO in 1996, a decade after his big gamble on the nascent digital television market had become a roaring success.

Bekker is now one of South Africa’s best – and best-known – businessman. His gamble on Tencent has made Naspers the most valued listed company in Africa, after AB InBev bought South African Breweries. It is the most valuable media company outside of the US and China and the seventh largest internet company in the world.

Naspers growth and status, as well as its entrepreneurial culture, is because of Bekker, who also brought “equality to this business right in the beginning, thanks to Koos. He set the pace for how the public company in the new coming South Africa would have to look. No discrimination whatsoever.”

He added: “The outlook of being together and all being equal, and no discrimination, set the pace and the scene like no other public company had done up to that time. So in that sense, M-Net is the great pioneer that led us into the new South Africa.”

Vosloo repeated a mantra that has defined both Naspers’ risk taking and Bekker’s first-name leadership style: “Of course he was known as Koos, and everybody says Koos Says So.”

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