Artificial intelligence can dramatically improve efficiency in business and other areas
It’s becoming increasingly more complex to raise the efficiency, competition keeps growing, while customers’ demands keep growing as well. <…> We come to an understanding that we use no more than 5-7% of all information available. Why so? First, because we can not properly collect it, we can not properly process it, and can not yet take structured decisions based on this information — Alexander Shevelyov, Chief Executive Officer, Severstal Management JSC .
Our research shows that nearly 60% of all tasks that employees work on within these companies, they’re aimed at the introduction of artificial intelligence technologies — Avetik Chalabyan, Senior Partner, McKinsey & Company .
If we talk about Schneider, then about 50% <…> of everything we produce goes into the industrial Internet of things — Leonid Mukhamedov, Executive Vice President Europe Operations, Schneider Electric.
We unite 15 thousand experts from different countries, companies, that is, 56 representative offices all in all. <…> We most definitely experiment with machine learning technologies by giving the machine access to Big Data without human intervention. The machine processes these data, or in other words, it generates some formulas on their own. We call it the Big Data Sandbox and we work together — Olga Algayerova, Executive Secretary, United Nations Economic Commission for Europe (UNECE).