AI Articles and Analysis about Process automation

Lending is a massive business in the United States which directly and indirectly touches almost all parts of the economy. With tens of millions of Americans holding loans worth trillions of dollars, any technology that can make even a small improvement in a company’s returns on the loans they hold, or that can improve their share of the market, would be worth a significant amount of money.

Talent sourcing and recruitment are at the center of developing and maintaining the U.S. labor force. The U.S. Bureau of Labor Statistics (BLS) projects that over the decade spanning from 2016 to 2026, the labor force will increase by 11.5 million. This increase is approximately equivalent to a 0.7 percent annual growth rate.

Artificial intelligence companies continue to find ways of developing technology that will manage laborious tasks in different industries for better speed and accuracy. In the legal profession, AI has already found its way into supporting lawyers and clients alike.

The K-12 online tutoring market is a growing sector and is projected by market research firm Technavio to reach $120.67 billion by 2021. Growing numbers of students are taking college entrance exams such as the SAT and tutoring industry giants such as Khan Academy are helping students meet their test prep goals.

Food processing is one of the major manufacturing sectors in the United States. According to the United States Department of Agriculture, 16 percent of the value of shipments from all U.S. manufacturing plants comes from food processing plants. These plants employ around 1.5 million workers in this country.

The impact of AI on business and the role it may play in improving efficiency of operations and driving revenue is a main focus of the research conducted at Emerj. However, there are also a growing number of altruistic applications of AI that are being leveraged today.

Procurement isn't usually seen as a "sexy" aspect of a business's operations. Procurement personnel are responsible for sourcing suppliers or vendors, determining criterion of success, negotiating deal terms, and tracking results and deliverables - all of which could be considered "under appreciated" work. This week, Tamr's Eliot Knudsen walks us through the ways that AI is making it's way into the procurement process, and what it means for the future of this job function.

Artificial intelligence is coming - should be worried about our jobs? Well, it depends. Our guest Dr. Kevin LaGrandeur spent the last two years researching the impacts of automation and artificial intelligence on society and the job market. In this interview on AI in Industry, we explore the near future of AI's impact on the world of work, and I ask Kevin some important questions, including: