AI Sector Overviews Articles and Reports

Facial recognition software is making its way into the mainstream, with consumer applications such as the ability to unlock one’s smartphone with their face. The banking sector has been at the forefront of enterprise adoption of AI since machine learning became the hot topic of the business world in the early years of the decade; as such, it makes sense that facial recognition technology would start to make its way into banking.

wikiMany of the pivotal technologies utilized by the public today have their roots in military projects. The internet’s first successful message transfer was due to a U.S. Department of Defense-awarded contract in 1969 for the development of the “ARPANET project.” Global Positioning System (GPS) technology utilized in smartphones today was put in place and created in the 1970s for accurate military positioning, coordination, and tracking.

There are few companies claiming to offer artificial intelligence solutions to orthopedics companies. We found that these solutions are intended to help orthopedics companies with at least one of the following business problems:

Sensors and mobile devices are in many ways working with AI software for business intelligence purposes in a few industries, including insurance and oil and gas. In the healthcare space, mobile devices and wearables allow patients to receive information on possible diagnoses for their symptoms and to monitor metrics such as their heart rate.

There are several companies claiming to offer AI solutions to banks and financial institutions. We found that these solutions are intended to help banking and finance companies with at least one of the following business problems:

Lockheed Martin offers numerous artificial intelligence solutions to the US military. The company claims to help military operators effectively complete both routine and critical missions with less risk of endangering the lives of military operators. In 2017, Lockheed Martin reported $51 billion in revenue, $35.2 billion reported from contracts with the US Government. This makes Lockheed Martin the largest contractor for the US military and the largest defense contractor in the world.

This article was originally written as part of an in-depth AI report sponsored by Iron Mountain, and was written, edited and published in alignment with our transparent Emerj sponsored content guidelines. Learn more about our thought leadership and content creation services on our Thought Leadership Services page.

The business world has been talking about AI for several years now, and it's safe to say that it's reached a certain cultural moment among executives in areas like banking, insurance, and pharma. Government leaders have been much slower to start the conversation around the capabilities of AI, including the possibilities they offer to militaries and the ethical implications of AI when it comes to governance and the legal system.