Artificial Intelligence (AI) for example, has become a major contributor to the success of some of the biggest businesses in the world. The technology has been in development since 2013 and it’s revolutionising the way we live, travel and do business.
When implemented correctly, AI can help to significantly boost social and economic growth. However, it also has its risks; especially when implemented
In March 2018, City.AI, a global non-profit organisation, included SouthAfrica as a new member. It invited local AI
The goal of this event was to encourage peers to share their actionable advice and insights on applied AI experience. There were also sessions on computer vision, natural language processing and machine learning. SouthAfrica’s involvement in the community opens it up to over 50 different communities spread across six different continents. It’s a huge opportunity forthe country to set itself up as a leader in AI.
The prevalence of AI in today’s marketplace can be seen in the number of South African AI start-ups. Some of the most prominent AI start-ups in the country include:
Xineoh focuses on simplifying AI with machine learning. It uses pretty distinctive algorithms which are remarkably similar to those used by top players such as Netflix and Amazon. It looks at user behaviour in order to determine potential purchasing behaviour and to provide bespoke information to target users.
Clevva is a particularly exciting AI start-up as it is focusing on developing AI which helps people to work more effectively, rather than replacing them with AI systems. Aerobotics focuses on drone technology which isused within the mining, agricultural and logistical industries. The drones are used to scan areas and provide essential data to help manage the sites more effectively.
Finally, Data Prophet is actually the first African machine learning specialist company and it focuses on providing AI solutions for businesses across the globe.
While South Africa is making huge steps in the AI industry, there aresome concernsand challenges which need to be addressed. The worry over unemployment is perhaps one of the largest concerns. So, ensuring AI doesn’t replace human jobs is a key issue for the South African economy.
Businesses looking to implement AI into their operations are also goingto need to ensure they have the right equipment. It’s expensive to implement advanced AI systems, so
Overall, South Africa’s involvement in the City.AI program is a positive step forward and proof the country is fast catching up with global AI markets. However, key issues and challenges do need to be addressed to ensure its improvements within AI do not negatively impact its economy.