machine learning

Real-world confirmation of extensive penetration of machine learning into the FS sector seem to back up claims of significant ROI by automation vendors.

CIOs and CFOs who want to maximize the benefits of automation increasingly turn to the next step, the addition of Artificial Intelligence (AI) functions. Increasingly, automation solutions are designed to help organizations tackle not only single processes but achieve end-to-end automations, by adding  technologies like machine learning (ML) and natural language processing. This week UiPath organized the AI Summit, where these trends were discussed. Rocking Robots sat down with Boris Krumrey, Global VP Automation Innovations at UiPath.

Fashion start-up Lalaland will run its e-commerce fashion platform on Amazon Web Services. Virtual fashion models are generated on this platform using AI and machine learning, representing different body types, sizes, hair types and skin tones that are closest to the shopper’s preference.

Engineering researchers have developed a hybrid machine-learning approach to muscle gesture recognition in prosthetic hands that combines an AI technique normally used for image recognition with another approach specialized for handwriting and speech recognition. The technique is achieving far superior performance than traditional machine learning efforts.

As part of their machine learning internship, two University of Adelaide computer science students, Christopher Fusco and Jash Vira, created a neural network that was able to learn how to make beer by studying a vast trove of brewing records. The result is a unique AI-designed IPA.

Hyperscience announced it raised $100 million in Series E funding led by existing investors Global Founders Capital, Tiger, Stripes, and Bessemer. The new round of investment enables Hyperscience, with nearly 400 global employees—a 72% increase year-over-year—to further invest in talent and R&D, both organically and through acquisition. 

Over the past 20 years, back office outsourcing has been the go-to solution for large enterprises looking to save costs on repetitive, labour-intensive work. Next to cost reductions, a big benefit of moving the back office to low wage countries used to be the availability of a large labour force that allowed easy scaling. Countries like the Philippines, Indonesia and India used to be very popular countries to go to.

Recently, machine learning company Hyperscience began working with partners in the Netherlands. The Hyperscience Platform helps enterprise and public sector organizations automate their data- and document-heavy processes, resulting in greater efficiencies, lower costs , fewer errors and better customer and employee experiences. Rocking Robots talked about this strategy with the EMEA General Manager at Hyperscience, Nay Odutola.

Finnish policymakers think use of a new ‘time data’ system based on tech from a local specialist AI maritime logistics company, Awake.AI, can do everything from improve the competitiveness of the nation’s entire maritime logistics to aiding the environment and meeting a national goal of “efficient and sustainable logistics by means of digitalisation”

The fast spread of the highly infectious Delta variant underscores the need for faster identification of COVID-19 mutations. Uniting governments and medical communities in this challenge, the University of Oxford and Oracle’s Global Pathogen Analysis System (GPAS) is now being used by organizations on nearly every continent.