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Regardless of how AI develops in the years ahead, there is no doubt that the world will forever change as a result of advances in AI. Groth and Hedelind said it is a disruptive technology that can change businesses and value chains completely. Others question whether or not we should encourage a world in which robots and machines are given more and more space over human elements. The prospect of the widespread application of AI is now spreading beyond the technology sector, resulting in large transformation for companies, workers and consumers. Crnkovic-Friis said that there is really no limit to the areas where AI can be used. They highlighted that the effects of AI can be beneficial in both the internal processes of organisations and as part of products and services provided to customers. Simply put, AI is intelligence demonstrated by machines. DL works as a process that is loosely modelled after the human brain and can be trained to do things like detect leukemia earlier than human experts, drive a car, help a restaurant better predict food demand or enable a global retail company to optimise the logistics processes. AI is changing the world we live in, transforming the way we live and opening up for opportunities we could not have dreamt of a hundred years ago. Another example is self-driving cars which are on the rise as well as digital assistants, assumingly becoming harder to distinguish from humans.

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  • Swedish Chamber of Commerce Artificial Intelligence the technology of the future

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    What the future will hold for AI is still unknown but it is evident that we will have to continue to explore the technology. Regardless of how AI develops in the years ahead, there is no doubt that the world will forever change as a result of advances in AI. He further explained that AI research in China has seen a truly impressive progress over the last five years, which shows that if a country really puts in the resources and makes AI research an important goal then it is possible to rapidly make significant improvement.

    In general, they said, they think of AI as a tool that can bring a lot of good to society and as long as it is incorporated in a sustainable and responsible way they see a bright future based on new technologies. But what is AI really? Yet, important to note is that we are on the brink of a rapid upward trajectory, he added. The prospect of the widespread application of AI is now spreading beyond the technology sector, resulting in large transformation for companies, workers and consumers.

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    For Vinnova, supporting the research of AI is important since the agency wants to support Swedish industries to be as productive and competitive as possible, as well as making the public sector efficient and easy to access for citizens.

    The application areas where companies are using AI today are many and quickly increasing. The sectors or industries which already have access to lots of data, have in-house AI expertise and can afford expensive computing power, are naturally going to see the quickest return on investments.

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    Crnkovic-Friis highlighted that even though more and more people, companies and organisations are hoping to use and implement AI, the technology is still inaccessible to most companies, because they do not have the right tools and resources to support it. Heintz highlighted the importance of Sweden staying competitive in the field as AI is expected to be a significant part of basically every product and service of national importance to Sweden.

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    Groth and Hedelind believed it will continue to grow and be incorporated somehow in most if not all parts of different industries and the society as a whole.

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    Groth and Hedelind said it is a disruptive technology that can change businesses and value chains completely. Crnkovic-Friis highlighted that even though more and more people, companies and organisations are hoping to use and implement AI, the technology is still inaccessible to most companies, because they do not have the right tools and resources to support it.

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    For financial analytics, various types of transactional data in combination with customer profiles, industry trends and text data are of tremendous value to banks and insurance companies who use it to perform advanced risk calculations and fraud predictions.

    For Vinnova, supporting the research of AI is important since the agency wants to support Swedish industries to be as productive and competitive as possible, as well as making the public sector efficient and easy to access for citizens. Further, intelligent automation is an area which is extensively used.

    The sectors or industries which already have access to lots of data, have in-house AI expertise and can afford expensive computing power, are naturally going to see the quickest return on investments.

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    Vinnova also stated that: Understanding, developing and applying these techniques are therefore crucial for Sweden, he continued. The sectors or industries which already have access to lots of data, have in-house AI expertise and can afford expensive computing power, are naturally going to see the quickest return on investments.

    Groth and Hedelind believed it will continue to grow and be incorporated somehow in most if not all parts of different industries and the society as a whole. Commonly applied areas for automation are chatbots interacting with customers and various manual data entry tasks such as order processing or internal IT ticketing.

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    The LINK spoke to a range of experts within the sector to get their views on AI, and how they believe it can transform our future.

    Groth and Hedelind said it is a disruptive technology that can change businesses and value chains completely. He further explained that AI research in China has seen a truly impressive progress over the last five years, which shows that if a country really puts in the resources and makes AI research an important goal then it is possible to rapidly make significant improvement. Vinnova also stated that: Understanding, developing and applying these techniques are therefore crucial for Sweden, he continued.

    Swedish Chamber of Commerce Artificial Intelligence the technology of the future

    For financial analytics, various types of transactional data in combination with customer profiles, industry trends and text data are of tremendous value to banks and insurance companies who use it to perform advanced risk calculations and fraud predictions.

    images hornet app quinyx
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    Crnkovic-Friis highlighted that even though more and more people, companies and organisations are hoping to use and implement AI, the technology is still inaccessible to most companies, because they do not have the right tools and resources to support it.

    But what is AI really? Yet, important to note is that we are on the brink of a rapid upward trajectory, he added. For Vinnova, supporting the research of AI is important since the agency wants to support Swedish industries to be as productive and competitive as possible, as well as making the public sector efficient and easy to access for citizens.

    In addition, they highlighted that we can find AI being used in both the law and financial sectors already and examples of current research areas include autonomous vehicles and health applications.

    Regardless of how AI develops in the years ahead, there is no doubt that the world will forever change as a result of advances in AI.

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