Ingenieur Vol 73 ingenieur Jan-March 2018 | Page 76

INGENIEUR the world’s population – are still not online.  Although much progress has been made in closing the digital divide, the challenge remains huge, complex and multi-dimensional. It requires a collaborative, multi-stakeholder approach to overcome four key barriers to Internet inclusion: infrastructure; affordability; skills, awareness and cultural acceptance; and relevant content. More importantly, the Internet is also the fundamental enabler of the Fourth Industrial Revolution. The industries enabled by the Fourth Industrial Revolution are likely to reshape the global economy, creating immense opportunities for those able to develop them. The Internet for All Initiative  The Internet for All establishes and facilitates physical and digital platforms at the global, regional and national levels that will create millions of new Internet users, with a focus on those hardest to reach. It brings together stakeholders from the public and private sectors: non-profit, academic and international organisations; donors and civil society to create multi stakeholder partnerships.  Mitigating Risks in the Innovation Economy In order to enable innovation to continue enhancing society, we must understand and develop resilience against the interconnected risk build-up inherent in the Fourth Industrial Revolution. Thus, the Mitigating Risks in the Innovation Economy project, will focus on “Building Resilience.” We will bring together infrastructure and technology developers, insurers and Government officials across the world in order to study current prevention, response and recovery mechanisms to specific risk scenarios across geographies such as the failure of the smart grid and the cloud.  This project will not only assess current resiliency mechanisms across the world but will isolate key gaps and develop best practices across multiple themes, such as: information sharing, liability protocols, the role of insurance, and governance and incident response mechanisms. The project will then aim to implement best practices across each theme. 6 74 VOL VOL 73 55 JANUARY-MARCH JUNE 2013 2018 Artificial Intelligence in 2018 - Ralph Haupter As we start the new year, I see four Artificial Intelligence (AI) developments happening over the next 12 months: (i) Mass adoption of AI starts from this year AI adoption is set to soar this year and beyond when organisations start to see clear benefits being reaped by AI innovations. IDC forecasts that worldwide AI revenue will surge past US$ 46 billion in 2020. In Asia-Pacific, AI investment is predicted to grow to US$6.9 billion by 2021, expanding rapidly by 73%. (ii) Ubiquitous Virtual Assistants We will begin to see the adoption of broad scale AI in the form of conversational AI in chat bots in both consumer and business scenarios. In fact, technology research firm Gartner predicts that by 2020 more than 85% of consumer interactions with enterprises will be managed without human intervention and AI will be the key technology deployed for customer service. (iii) Democratising data and decision- making In a world where more data exists than ever before, the ability to deliver meaningful business insights from the data to the maximum number of relevant employees becomes of paramount importance. AI will be the key technology for making that happen by bringing together data from employees, business apps and the world. (iv) Building trusted foundations for AI There will be increasingly more discussions at Governmental and industrial levels to create formal governance and regulations in the usage of AI. We saw these discussions with the onset of e-commerce and the advent of cloud technologies. It is critical for transparent public- private conversations to take place as they will shape how AI can benefit economics and societies in a fair, transparent and trusted way. The future of AI burns brightly, and I see this year will establish a solid foundation for the mass adoption of this exciting and vital technology.