6 Ways AI Transforms How We Develop Software

 AI is transforming all business functions, and software development is no exception. Not only can machine learning techniques be used to accelerate the traditional software development lifecycle (SDLC), they present a completely new paradigm for inventing technology.

Data And AI Will Redefine Businesses In 2023

 As we launch into 2023, the world is in the middle of three very large transitions. First is the transition to a new geo-political, social-economic work order. Second is the transition to a low-carbon economy. And third is the first truly scaled deployment of AI in the enterprise. And across these opportunities and challenges, a few key technology trends are clearly taking shape:

Top Priorities For State Government CIOs In 2023

 State government IT leaders are evolving services to address citizens’ growing demands of remote access to their benefits, whether it be applying for them or receiving them. The urgency also stems from the accelerating shortage of talent that is available to manage and maintain the existing IT infrastructure and portfolio of software applications that execute state policies. As a result, their priorities are changing.

In a survey released at the recent National Association of State Chief Information Officers (NASCIO) annual conference, senior government IT leaders said that expanding and accelerating the provision of digital government services in 2023 would require departments to focus on cybersecurity and legacy application modernization as their top two priorities.

Why is this the case?

User expectations for exceptional digital experiences soared during the pandemic and are here to stay. In addition, citizens’ increased use of services for benefits exposed the fragility of existing legacy applications that weren’t designed for digital-first interactions. Government agencies also have substantial technology debt to overcome since, historically, IT budgets have lagged behind needs. It’s no surprise, then, that 48% of CIOs say that at least half of their applications need to be modernized to support their transformation objectives.

Fortunately, new legislation has designated more funds for state CIOs to invest in IT. The American Rescue Plan Act (ARPA), the Coronavirus Aid, Relief and Economic Security (CARES) Act and the Infrastructure Investment and Jobs Act all provide state funds for IT investment. As a result, state and local governments have $130.5 billion to spend on IT in 2022-2023, up from $118.7 billion in 2021-2022.

How Are State Government IT Priorities Changing

Given the new funding, what will state government leadership be investing in for 2023?

• Redoubling the focus on cybersecurity: Government agencies collect, operationalize and store sensitive data to develop and deliver mission-critical services over the internet. Cyberattackers target government systems to access customer data, destabilize services, steal intellectual property and demand ransoms. In 2021, government agencies were the second-most attacked sector. As a result, “Sixty-four percent of government IT leaders will spend more on cybersecurity in 2023 than in 2022,” as shown in the 2023 Gartner CIO and Technology Executive Survey. “You boil it down to the CIO, it is cybersecurity. Absolutely…That is the highest priority,” says Chris Howard, chief of research at Gartner, in the WSJ.

Agencies struggle to harden defenses with disparate cybersecurity strategies, an abundance of legacy systems and workforce shortages. As just one example, many state government legacy applications are not compatible with the latest security features. Only 14% of state agencies had fully implemented an identity, credential and access management solution as of 2022. Agencies will be modernizing applications to eliminate security gaps and utilize the latest security advances to protect their systems and underlying data.

• Implementing GOTS software: Private sector companies use commercial off-the-shelf (COTS) products to accelerate the modernization of their applications while reducing development timeframes and costs. Government agencies want to achieve the same goals.

One approach is to implement government off-the-shelf (GOTS) solutions, which are tailor-made to agency requirements. By adopting GOTS solutions, agencies can exit the business of developing software while also being able to share, reuse or resell it. Agencies pursuing this path will strive to build software that solves common problems, increasing its usability. CIOs will want to develop long-term application strategies that demonstrate how new solutions will gain a wider user base and achieve the desired ROI. They’ll also seek to secure long-term funding for updates and provide teams with modern technologies to evolve GOTS platforms.

• Deploying a workforce with modern IT and security skills: While the C-suite now has more IT funds available, these leaders want to spend them strategically to accomplish top priorities such as recruiting, developing and retaining top technology and security talent. A recent survey found that 40% of public sector workers’ core skills will need to change within the next five years and that nearly 1 in 2 workers will require at least three months of re-skilling to be able to meet new government objectives.

The top five skills that CIOs and CISOs are looking for include data analytics and cloud technologies, cybersecurity and privacy, the internet of things, and artificial intelligence and machine learning.

CIOs and CISOs will be teaming with HR organizations to create talent strategies, recruit and develop new hires and upskill existing workforces in conjunction with investing in advanced capabilities.

• Transforming digital services to empower citizens: State citizens expect the same high-quality, personalized experience from state government agencies that they enjoy from digital leaders such as Amazon and Apple. Today, citizens often bridge multiple channels to research services, pay bills and taxes or access benefits, providing data with each interaction. Agencies are aggregating customer and operational data to develop a single portal that integrates all services and provide citizens with a single digital ID to access services. Artificial intelligence and automation guide workflow and personalize service delivery, making it easy for consumers to complete tasks. Citizens benefit by receiving the same experience regardless of which touchpoint they access. Illinois is among the states that have rolled out a single digital ID, and it plans to use analytics to understand service usage and make personalized recommendations.

By centralizing data access, using automation and deploying richer digital offerings, agencies reduce non-value-added work such as employee data gathering. As a result, employees are better able to focus on decision-making and other high-level duties.

It’s A New Era Of Transformation

State government CIOs and their teams are leading their agencies into a digital-first future. They made significant strides during the pandemic. Now they’re increasing those gains by evolving cybersecurity capabilities, implementing GOTS software, hiring and upskilling workforces with modern technology skills, and transforming digital services. Modernizing applications will help agencies accomplish all of these goals, resulting in services that meet citizens’ demands, increase worker productivity and scale with growth. These outcomes are ones any state government CIO can get behind.

Looking to hire skilled software developers? Contact TP&P Technology - Leading Software Outsourcing Company in Vietnam Today

Article resource: https://www.forbes.com/sites/forbestechcouncil/2023/01/03/top-priorities-for-state-government-cios-in-2023/?sh=6f6a97a68a27 

Machine Learning Enables Inclusive Access To Financial Services

 Technology in financial services can be somewhat of a double-edged sword. On one side, new technological innovations, like artificial intelligence (AI) and machine learning (ML), are striving to make financial products and services more available by making it easier to identify customers, expedite credit approval, and improve access to financial services for all. On the other side, if the proper precautions are not taken, companies in the industry might be using data to power AI applications that hold intrinsic biases, which work against efforts to make technology more inclusive and accessible.

How AI Will Transform Software Development

 While artificial intelligence (AI) is already effectively assisting human developers at every level of the development process, software development will only get better as it is about to undergo a huge change.

Artificial intelligence is revolutionizing the way developers work, resulting in significant productivity, quality and speed increases. Everything — from project planning and estimation to quality testing and the user experience — can benefit from AI algorithms.

Complete guide to Machine learning in the media industry

For the past few years now, the increasing digitalization of customer journeys and the exponential improvement of cloud technologies and computing capacities have invited media groups to rethink the way they do business. If it sounds like I’m using long words to say “digital disruption”, trust your instinct. Many of these disruptions have been centered around the mountains of data media groups have access to, and what Artificial Intelligence (AI) (and machine learning more specifically) could do with it. Indeed, while artificial intelligence has been fully embraced by a plethora of pure players (Spotify, Netflix, Buzzfeed, Disney…) traditional actors are still lagging, and now see the technology as a shortcut to a much-needed renewed growth. 

Why AI Is the Next Step In Digitization Of the Finance Sector

AI research suggests B2B businesses better believe the hype

Venture capital is flowing into the enterprise artificial intelligence space, but just a fifth of companies are ready to make full use of AI opportunities

Artificial intelligence (AI) is still more hype than reality in the enterprise, but AI investment is growing rapidly, and nearly all technology providers accept it is critical for gaining market share and building customer loyalty, according to new research. However, only about 20% of companies have the technology infrastructure in place to fully exploit AI’s potential.

How the Metaverse Is So Much More Than a Gaming World

It's obvious that big brands have come public with their support for the metaverse, but what 'exactly' is metaverse?

The metaverse continues to push forward in the technological realm as more individuals and brands have caught wind of its overwhelming potential. Despite its newfound popularity, the idea of the metaverse is far from being a brand-new concept. Until recently, it was merely an idea that had been introduced and toggled with, but it was never officially created as past attempts lost traction over time.

Much of its recent rise in popularity can be directly attributed to Facebook's rebranding to 'Meta' back in October of 2021. The social media platform cited plans to invest $10 billion into the metaverse last year alone and make a full transition into it within the next five years. Along with Facebook, big names such as Microsoft have begun crafting their own metaverse vision as well.

The metaverse explained

It's obvious that big brands have come public with their support for the metaverse, but what 'exactly' is it? The answer is quite a bit more complex than one might expect, but, no, it's not an alternate universe that humans can physically transport to (like some movies and science fiction novels might suggest).

The term metaverse can be credited to author, Neal Stephenson, in his 1992 science fiction novel "Snow Crash," a book about a hacker who goes back and forth between Los Angeles and a virtual reality called the metaverse.

Since then, the term metaverse has largely expanded to being a virtual world that includes augmented reality, 3D avatars, and virtual reality. The metaverse is essentially a world that allows its users to do things like socially interact with one another, conduct transactions, and play games.

Companies are utilizing the metaverse as a growth strategy

Bloomberg has reported that the digital environment is going to grow to 800 million by 2025 and will multiply to 2.5 trillion by 2030. With that in mind, it's no surprise that companies, especially the tech-savvy ones, are seeing value in the metaverse.

For one, it has two major areas of distinction: interactivity and interoperability. From users communicating and interacting with one another to shopping and trying on clothes, the possibilities are truly endless. Some companies, such as Adidas, have even created their own NFTs that give holders exclusive access to their products. Shortly after launch, Addidas managed to sell $22 million worth of NFTs in one afternoon.

Metaverse projects and their offerings

Below are some projects that bring incredible value within the metaverse. This not only includes gaming but a variety of other uses.

Decentraland

Decentraland is a 3D virtual world that allows its users to buy virtual plots of land and other objects as NFTs using MANA, which is located on the Ethereum blockchain.

The project has laid out a variety of other offerings since its launch, including its first music festival organized by BEAR NFT back in 2021. More recently, the project opened a virtual shopping mall in March of this year that includes luxury fashion brand Dolce and Gabbana along with web3 brands like FangGang.

Sandbox

Like Decentraland, Sandbox is basically a gaming platform on steroids. Users can buy their own land using the above-mentioned method.

In contrast to Decentraland, one of Sandbox's most interesting features is called VoxEdit, which allows its users to create their own NFTs. After being created, users can upload, publish, and sell their creations via the Sandbox NFT marketplace. In addition, the platform has a feature called The Sandbox Game Maker that allows users to build their very own 3D games without having any prior coding experience.

A prominent piece of the Sandbox puzzle is the SAND token, which is required to do things like play games, conduct transactions, and customize avatars.

GAMA

GAMA s unique in its approach to create a one-of-a-kind user experience through multi-layerd entertainment events, games and graphic storytelling formats that have been previously introduced in the form of both physical and digital collectibles.

While the project focuses on building an immersive entertainment experience for its community, it also takes it one step further. GAMA aims to expand its metaverse offering through other forms of collaborations with talent and brands that are looking for a metaverse offering with the opportunity to reach a vast global community. These formats are laying the foundation for future immersive experiences that can be built and played within a universal metaverse.

Unlike platforms like Sandbox and Roblox, GAMA aims to give users a realistic experience instead of a pixelated appearance that's commonly integrated with early metaverse platforms. They execute this strategy using the computer graphics game engine, Unreal 5. This engine, which was developed by Epic Games, is used by high-end games and has also been adopted by the television and film industry.

Most recently, GAMA showcased aspects of its platform offerings through live events at NYC.NFT and at San Diego Comic-Con. Attendees were able to get a first look at the upgraded GSS metaverse while getting access to exclusive opportunities by attending. Features such as private living quarters and space-themed zero gravity areas lend themselves to creating a futuristic environment for every user while delivering unique value through NFTs.

Gaming, transactions, and so much more

Metaverses are most often seen in the same light as video games. While many are geared towards gamers, the concept opens itself to a wide number of possibilities in and outside of the gaming industry. In fact, metaverses are most defined by the social aspect; it brings users together within a virtual space.

There's much more to the metaverse than what meets the eye. It's a virtual world that has endless possibilities and use cases, especially for brands longing to see scaling and growth. It's going to be incredibly interesting to see how the metaverse evolves over the next decade. It certainly has the potential to transform the way people interact in the digital world.

Note: Investment in cryptocurrency and crypto assets is subject to financial risk and readers should do their own due diligence. Entrepreneur Media does not endorse any such investment.

Looking to hire skilled software developers? Contact TP&P Technology - Leading Software Outsourcing Company in Vietnam Today

Article resource: https://www.entrepreneur.com/article/432705 

Artificial Intelligence: How to stay competitive

Whether your organization is just starting to explore the possibilities of AI or you’re already looking to expand its applications, here’s why a human-focused strategy will help ensure success. 

Many companies are adopting artificial intelligence (AI) to drive strategic decisions or introduce new business models. According to a global McKinsey study, 56 percent of all respondents report AI adoption in at least one function in 2021, up from 50 percent in the previous year.

Whether your company is just getting started in its AI journey or you are leveraging it across multiple business functions, there are numerous competitive advantages to gain from improved employee experience, deeper customer insight, and enhanced business functions.

The Future Of Work: How Slack Is Reinventing Hybrid Collaboration With Machine Learning

That virtual meeting that could have been an email? It should have been a Slack Huddle or a clip.

Slack, an already integral part of the modern workforce, is redefining the norm of remote and hybrid work yet again with its new collaboration tools - huddles and clips. With the help of AWS machine learning (ML), the company has reinvented collaboration across time zones in an increasingly isolating hybrid workplace. In just a few short months, Slack has leveraged ML to innovate, improve products, and speed time to market on the cloud.

Artificial intelligence can help halve road deaths by 2030

Countries and investors need to step up the development and use of artificial intelligence (AI) to keep roads safe for everyone, three UN Special Envoys said on Thursday, leading a new AI for Road Safety initiative. 

The Sustainable Development Goals (SDGs) include a call for action to halve the annual rate of road deaths globally and ensure access to safe, affordable and sustainable transport for everyone by 2030. 

According to the newly launched initiative, faster progress on AI is vital to make this happen, especially in low and middle-income countries, where the most lives are lost on the roads each year. 

According to the World Health Organization (WHO), approximately 1.3 million people die annually as a result of road traffic crashes. Between 20 and 50 million more suffer non-fatal injuries, with many incurring a disability. 

AI can help in different ways, including better collection and analysis of crash data, enhancing road infrastructure, increasing the efficiency of post-crash response, and inspiring innovation in the regulatory frameworks.  

How Salesforce Learned From Microsoft's Mistakes to Dominate in AI

Salesforce.com's (NYSE:CRM) latest earnings report was the best in company history, according to CEO Marc Benioff. Investors didn't seem to disagree, as the cloud services company's stock price jumped 10% the day following the release and has sustained an upward trend since.

The Ghost Work Behind Artificial Intelligence

The Ghost Work Behind Artificial Intelligence

An expert on how data and algorithms are changing work responds to Janelle Shane’s “The Skeleton Crew.”

What Artificial Intelligence Still Can’t Do

What Artificial Intelligence Still Can’t Do

Modern artificial intelligence is capable of wonders.

It can produce breathtaking original content: poetry, prose, images, music, human faces. It can diagnose some medical conditions more accurately than a human physician. Last year it produced a solution to the “protein folding problem,” a grand challenge in biology that has stumped researchers for half a century.

Artificial Intelligence And The Future Of Humans

Artificial intelligence is already impacting virtually every industry and every human being. This incredible technology has brought many good and questionable things into our lives, and it will create an even bigger impact in the next two decades.

Artificial Intelligence And The Future Of Humans

Artificial intelligence is already impacting virtually every industry and every human being. This incredible technology has brought many good and questionable things into our lives, and it will create an even bigger impact in the next two decades.

AI (Artificial Intelligence): Build It Or Buy It?

AI Champions Driving New Industry Solutions For Climate Change

AI Champions driving new industry solutions for Climate Change GETTY

Climate change is the planet’s greatest challenge. The UN has already stated that 2021 is the final year for us to make real change in the fight against rising global temperatures. 

Scientists create online games to show risks of AI emotion recognition

Scientists create online games to show risks of AI emotion recognition

It is a technology that has been frowned upon by ethicists: now researchers are hoping to unmask the reality of emotion recognition systems in an effort to boost public debate.

OpenAI’s Sam Altman: Artificial Intelligence will generate enough wealth to pay each adult $13,500 a year

OpenAI’s Sam Altman: Artificial Intelligence will generate enough wealth to pay each adult $13,500 a year

Artificial intelligence will create so much wealth that every adult in the United States could be paid $13,500 per year from its windfall as soon as 10 years from now.