In 2020, Artificial Intelligence is developing rapidly, facing opportunities and challenges. The current primary goal is to expand AI projects and find suitable application scenarios to accelerate industrial transformation.
On December 9–11, 2020, EqualOcean will host this year’s World Innovators Meet (WIM). WIM2020 will take on a bolder stance and adopt a more global outlook by taking the form of an online conference that will be streamed simultaneously in all countries and regions that champion the realm of technology and innovation.
During the World Innovators Meet, the WIM Committee will release the annual blockbuster WIA list, the World Innovation Awards, based on our annual industry and investment research findings, together with a series of research reports.
Tech giants rush to enter the AI industry, lead its development, and promote industrial transformation
The world is undergoing a fourth technological revolution. As the core force to promote industrial transformation, artificial intelligence (AI) has received more attention than before. Simultaneously, with the global mobile Internet dividends gradually disappearing, countries continue to promulgate favorable policies for AI, while technology giants such as Google, Amazon, Baidu, and Alibaba are also rushing to enter AI industry to explore new opportunities.
Based on big data, AI can process huge information resources and improve data accuracy. Through such smart and precise control, AI can reduce resource wastes and improve production efficiency. Therefore, the industrial economy and the information economy are integrated with each other, driving global industrial transformation.
Numerous innovative AI companies have emerged, but 80% of AI projects have stalled
The rapid development of artificial intelligence has bred a large number of innovative AI companies, attracting capital. According to data from Wuzhen Think Tank, as of April 2019, the total number of new AI companies in the world reached 13,717, and the finance frequency reached 13,318.
However, these AI companies still face many challenges before realizing realistic applications. To begin with, AI models require massive amounts of standard data to achieve optimal performance. Therefore, accurate collection of those data is the first difficulty.
Secondly, the global shortage of qualified personnel for AI continues to sharpen, and companies lack experites. According to the statistics of EqualOcean Think Tank, there are about 300,000 global AI talents, but the demand for them has increased 74% per year in the recent four years. Therefore, the training and recruitment of AI talents is the second difficulty for companies.
Finally, Gartner’s research shows that only 53% of projects can be converted from AI prototypes to production, which means that the expansion of AI projects is hard to realize. AI engineering requires the combination of data, technology and scenarios, wherein the scenarios are the key. Hence, the main goal of the current AI development is to find suitable AI application scenarios, and combine with industry experience to reach solutions of engineerization.
The pandemic has brought new opportunities to AI
Artificial Intelligence is facing opportunities and challenges in 2020. The new coronavirus broke out globally in early 2020, and the concept of ‘non-contact’ has become a buzzword. AI is one of the core technologies to realize ‘non-contact,’ helping to fight the new coronavirus in many ways, such as strengthening epidemic prediction and alerts, rapidly screening personnel, improving diagnostic efficiency and accuracy and accelerating the vaccine development. However, when AI technology has not reached its maturity stage, the large-scale applications is ahead of schedule and makes tests for AI technology more difficult.
In addition to the medical industry, artificial intelligence has also had a profound influence in industries such as finance, retail, automobiles, manufacturing, agriculture, food, and cross-field corporate services.
With the trend of artificial intelligence engineering, its market potential is enormous
In the future, artificial intelligence will continue to empower the industry, accelerate industrial transformation, and realize AI engineerization. This undoubtedly brings huge market space for the AI industry. According to the Global Artificial Intelligence Industry Whitepaper released by Deloitte in 2019, the world’s Artificial Intelligence market will exceed USD 6 trillion in 2025.
Next 50 in Global Tech: Artificial Intelligence
Artificial Intelligence is one of the significant areas of the ‘Technology Driving Investment Chapter’ in the WIM World Innovators Annual Conference. The WIM2020 project team will release the ‘Next 50 in Global Tech: Artificial Intelligence’ report and list.
The WIM2020 project will learn about the technological development and application of innovative AI companies through corporate interviews and public information, and then evaluate the financing, latest valuation, track prospects and equity structure. The WIM2020 project will finally select the Next 50 in Global Tech: Artificial Intelligence through scoring.
Hosted by EqualOcean, the World Innovators Meet (WIM) is a world-class event for innovators. It provides limitless opportunities to learn from and connect with the most sought-after technology pioneers.
The World Innovation Awards (WIA) are announced at WIM to recognize game-changers across various industries and geographies. Selected by a committee of distinguished experts, entrepreneurs and investors, WIA are designed to acknowledge technology disruptors striving to make a positive impact.
Register for the Event
We sincerely welcome you to join WIM2020 on December 9–11, 2020.
Click here to register and you will receive:
[Global Trends] Key insights from 11 Industry and Overseas Chapters made available to you for all three days of WIM2020.
[Insightful Conversation] Connect with 120 top-notch global speakers, listen to their perspectives and interact with them online.
[Innovative Community] Join an exclusive network of 10,000 professionals to participate in discussions and gain first-hand information from fellow participants.
[Business Networking] Gain 1:1 business-connect opportunity to launch or speed up partnerships worldwide.
[Comprehensive Report] Exclusive in-depth research reports will be delivered right to your mailbox.
Free tickets, Premium tickets and Platinum all-inclusive tickets are on sale. Presale and group ticket options are also available, don’t miss this opportunity!
Join the WIM2020 family and become a member of the World Innovation Community, participating in a technology and innovation carnival that connects the world right at your doorstep, all while drawing a special end to the extraordinary 2020!
If you would like to become/recommend a speaker, discuss cooperation opportunities or media partnerships, apply for the World Innovators Awards or to be a volunteer, please click here to fill in the WIM2020 Cooperation Form (we recommend you to do so on a computer). We will be in touch as soon as possible. Thank you and welcome!
Originally published at https://equalocean.com.