The innovative use of artificial intelligence in the financial industry is no passing fad. It is a must and a trend that seems to have no alternatives. Algorithms improve financial management and product selection for customers and automate the work of financial institutions.
The trends I am describing will have a spill-over effect and feed into other trends, including those left out from this year’s selection, such as the Internet of Things, autonomous vehicles and blockchain.
Monetization of customer experience will progress at an increasing pace. Commercialization of this trend began around 2000 when the so-called internet bubble happened. Coincidence?
We live in an age that puts a lot of store by innovation, flexibility and creativity in business. These values are most commonly mentioned by technology start-ups which, despite their small sizes, have a huge appetite for market success.
The world has forced us to democratize the handling of tools that rely on sophisticated technologies. The rule, therefore, is that simpler is better.
Today, the world’s economies increasingly rely on the production of intangible goods. So, what should businesses do to become more competitive in an information-driven world?
Today, we can see creatures made by Boston Dynamics jump and run and perform acrobatics. Robots have become as agile as we are. In fact, AI has been acting ever more human-like, and not only in robotics.
What has made quantum computers so exciting lately? Perhaps the fact we are approaching the limits of computing capabilities of the kinds of transistor-based machines we have long been using. They are limited by the laws of physics, which prevent us from packing more processors on chipboard.
The rules that govern trades in financial assets have changed little over the past two or three centuries. Some say those rules have worked relatively well (apart from a few world-shattering crashes now and then). Does it need to change? Should it change? Can it change?
Blockchain can make it easier to transfer property rights and other assets by reducing transactional costs and boosting trust between investors. But can it be used by the world’s largest stock exchanges?
Today’s investor relies on a traditional system of buying, selling and accounting for transactions that are old enough to be called ossified. The system generates considerable costs and adds to the time needed to close transactions. This is because trading in financial assets requires multiple entities arranged in a complex web of intermediaries, settlement systems and business partners.
Are there limits to this technological universe, which we’ve grown to take for granted? Are there serious warnings looming on the horizon that people are choosing to ignore? Here are a few threats affecting nearly the entire world of technology.
Quantum computing and the quantum internet represent the most fascinating frontier of information science – extremely promising and full of yet-to-be-unraveled secrets. For global cybersecurity, quantum networks would be a real game-changer.
Unfortunately, many business managers still think of AI as something that will be impossible for them to understand
I believe that knowing the fundamental principles that underlie the new technologies can boost managers’ confidence in them and help them make their companies more innovative.
Will Artificial Intelligence weapons soon be able to launch military operations independently of human input?
Every person makes hundreds of decisions daily, most automatically and without reflection. The decisions made in organizations also are mostly routine, practically automatic.
Rapid progress in artificial intelligence will continue to be made and be widely reported. Autonomous vehicles will proliferate, and it would be good to see serious, in-depth articles about industry regulation rather than last year’s sensational coverage focusing on accidents and disasters.
The financial crash of 2008 demonstrated (to some) that large financial institutions need to be closely watched and strictly regulated. The meltdown some believe also demonstrated the need for an alternative to complex, abuse-prone financial instruments held by few, and understood by even fewer.
Information and data are getting more market value. Therefore, how should the company behave in order to strengthen competitiveness? What benefits can individual customers derive from a world dominated by huge data sets?
Blockchain promises big business benefits. And what about ordinary citizens and voters? Could this technology work well in public administration?
Imagine an economic system in which concepts such as profit, margin and supply-and-demand were replaced by trust, participation, sharing, and the responsible, sustainable use of resources.
New leadership paradigm should be conceived as a continuous and collective process taking place within a network of employees and managers. The organization’s thinking would change from “who are our leaders?” To “what conditions does the organization need to meet for leadership to effectively strengthen emerging networks and relationships?”
One of the important features of the blockchain is that it eliminates intermediaries by directly connecting the parties to the transaction. Blockchain can be used to conclude contracts that would not require interference or confirmation by either party.
Today’s energy users, who are still dependent on large distribution networks, will slowly become prosumers, free to choose how they will use their own resources, and perhaps contribute to creating the rules that govern the energy industry. We’re not there yet, but we will be within the next few years.
They teach us that a significant role in the transformation of an organization is played by clearly defined business goals, the relationship of a leader with people and well-chosen communication tools. And although I subscribe to this approach, I personally emphasize something else - individual experiences.
Blockchain can definitely affect social organizations. Can the new technology be used successfully in public administration as well? Will it help governments inspire trust in citizens and make the latter feel they are better represented in public institutions?
For centuries, trade has become an extremely complicated process, the complexity of which has deepened globalization - at the moment everyone can trade with everyone, anyone, anywhere in the world. If we change the perspective a bit, we will see that each transaction is de facto information.
Today, communication is important, the ability to discover potential in the team members, the partner flow of ideas between colleagues. A contemporary leader inspires and motivates others through his own commitment and passion.
Goals, relationships, experience? What plays the most important role in the transformation of the organization?
Without much problems we will find numerous studies on how to effectively manage change in the organization. I am convinced that a change in the organization that I want or intend - as a leader - to carry out, must also be based on personal foundations.
The potential of Artificial Intelligence and automation bring new challenges to contemporary leaders
Fixed business models in the modern digital economy have gone down in history, and the potential of artificial intelligence and automation put new challenges ahead of today's leaders in the organization.
Here are a few tips which I hope will be helpful to transform your business through technology.
Computers depend on the algorithms and hardware and their capabilities and limitations. Imagine what will happen if you manage to remove these restrictions forever? What would then the capabilities of modern quantum computers be?
Proponents of autonomous vehicles often cite the results of repeatedly repeated research results, which show that for 90-95 percent. The driver is responsible for accidents, not technology. Interestingly, modern technology - raising disputes and controversies - makes us think about basic values such as good and evil.
This text deals with the myths that revolve around Artificial Intelligence - in the media, in the network and in the minds of all of us. I dare say that this fear is highly unjustified.
Perhaps everything that happens is a repetition of the history of Linux, which has already abandoned the image of the system created by the alternative and went to commercial ventures. Similarly, it will be with blockchain - after a time of heated discussions, it will become a standard for large companies, banks and even governments.
Today's leaders need many tools to help them lead or manage their increasingly complex organizations. Contemporary leaders also arrange their own continuing education programs, arranging external trainings, participating in webinars, tuning in to TED talks, and following the achievements of men and women they have identified as gurus.
In essence, cognitive computing is a set of features and properties that make machines ever more intelligent and, by the same token, more people-friendly. It can be viewed as a set of skills often treated as the most serious manifestation of artificial intelligence.
There is a common believe that blockchain for the world of energy transactions and settlements can be what the Internet has become for global communication. Like the network protocols, will it lead to the transformation of the energy industry?
Will we be safe when surrounded by machines? Cautious estimates say that in 2025 the share of autonomous cars in the total car market will increase to 13% and reach USD 42 billion.
What will the world look like in which every information will be available in the blink of an eye? In the blink of an eye, but of course not for everyone, only those who will be equipped with quantum computers.
It is not only people that learn from experience by acquiring knowledge from the outside world. We are now witnessing a time when sophisticated information technologies are also emerging from infancy.
My article in BrandsIT: Is blockchain really a safe technology, as claimed by its followers and promoters? The optimism of those who trust it can slightly weaken information about the possibilities of quantum computers.
An article in BrandsIT: Realms where blockchain should work its fastest and best because of its structural features.
I have been watching for years how technologies change our lives. I believe that the next wave of development will be driven by technologies and trends such as Virtual and Augmented Reality, Internet of Things, Robotization and Automation, Artificial Intelligence, Machine Learning and Blockchain.
I still remember the question asked by my friend in the first year of high school. Listen, what do you think the monkey felt, the first monkey who became the first man?
Nowadays, being an organization leader can be fascinating and difficult at the same time. Authorities in a rapidly changing reality are not easy, and the power of a person at the head of a company is certainly not given once and for all.
Risky decisions today are decisions that will take into account all customer behavior available in each of the possible sources, including social networking sites, geolocation data, watched videos or IoT device in his home.
Business Insider: In the era of digital economics, the versatility of a leader is worth its weight in gold
Every contemporary organization must undergo a change process leading to full digitization. Some people may treat it only as an element of adaptation to the contemporary market, and others will see it as a chance for a revolutionary change in the scale of operations.
In the common opinion, robotization will lead to the destruction of the labor market in the future. Changes in this area are inevitable, I do not think that they must have a clearly negative overtone.
Business Insider: Morality of algorithms and ethical code of the leader in the artificial intelligence era
The challenge for the modern leader is to convince both clients and colleagues that the new technology will not be self-destructive. That everything really depends on us.
Organizations in the entire business world know that without a strong leader in their own ranks, there is no chance of implementing an innovative strategy.
Article in BrandsIT: Man will become unnecessary - the pessimists who predict the destruction of humanity from the hands of conscious machines answer.
Business Insider: Ledger of all ledgers. This is what blockchain is and why it will change everything
A distributed, secure, widely available and trustworthy database. There is definitely something amazing and unbelievable in this.
Theoretical foundations of quantum computers were described in the 1980s of the last century. It is only recently that technology has caught up with theory, allowing it to build the first quantum computers. Will their appearance cause the blockchain to become obsolete?
There is nothing to be afraid of. Automation is not just about removing jobs. It’s also creating new ones
Article in BarandsIT: In general opinion, robotics will lead to the destruction of the labor market in the future. Although I am sure that changes in this area are inevitable, I do not think that they must have a clearly negative connotation.
Will traditional interfaces be unnecessary and go to a museum of technology? Perhaps a breakthrough in the development of the latest technologies would be to eliminate the monitor and keyboard that today mediate in access to information?
In my opinion, it is not enough to be aware that reality has accelerated, and that legal codes are aging at a rapid pace. Politicians, legislators and lawyers now have a great responsibility for changes that may or should not be made.
Article in BrandsIT: The changes we are witnessing today are being driven by the growing use of technology in everyday life. Artificial intelligence (AI) and self-learning machines are already altering the ways decisions are made and information communicated.
Intellectual currents that accompany the development of modern technology are as fascinating as technology itself.
The view that humanity is at the threshold of a great breakthrough is spreading and sounds less and less fantastic. What would he depend on?
Imagine a social system in which such economic categories as profit, margin, demand and supply are replaced by values such as trust, participation, sharing, deepening relationships, or sustainable resource management.
Estimates say that as a result of the digital revolution more than 500 million people will lose their jobs. What skills will be key in the future? What groups of people will gain and what will they lose on the technological revolution?
Article in BrandsIT: Algorithm-based technologies, machine learning and process automation have come to a point in their development where morality-related questions and answers may seriously affect the development of all of our modern technologies and even our entire civilization.
All this is possible due to application of blockchain technology.
By 2050, more than 250 million people will lose their jobs. Ensuring a basic income for citizens will become a political issue.
Our life is not just work, but also the search for intimacy, emotions, communication with others. And all this involves our erotica. Can a artificially intelligent machine become a perfect lover?
Advanced technology has been extremely alluring to the film industry and, at times, has been embodied in an evil character. Clearly, in the coming years it will unseat aliens in their role as the prime source of viewer terror.
Our daily choices between good and evil are automatic, often unnoticed by us. In the world of Artificial Intelligence, the issue of morality becomes increasingly problematic.
Atos won in a number of categories and reached the highest places in the annual ITWiz Best 100 IT Companies in Poland.
Another time Atos won in many categories and is ranked on highest positions of annual reports prepared by two most important IT magazines in Poland: Computerworld and ITWiz.
Interview. Impact of blockchain on financial sector and vision of bank of the future.
Our life is driven by a search for intimacy, emotions and communication with others. And that's all there is in sex. Is there a next wave of a sexual revolution but this time driven by a Artificial Intelligence?
Despite the fact that artificial intelligence, machine learning, autonomous vehicles, the internet of things and the feats of IBM’s computer Watson are the work of people.
BUSINESS INSIDER: They are terrifying, but are they justified? Here are 4 myths about artificial intelligence
Big Brother has always been watching us. After all, he is online, meaning he can access our e-mails, bank statements, phone calls and social media posts.
Cognitive Computing – a set of skills often treated as the most serious manifestation of artificial intelligence.
Information technologies make it easy and, in many cases, they make it possible to implement interesting pro-ecological ventures.
Almost in every sector of the economy competitive advantage is gained by companies employing the most talented employees. Traditional methods of identifying them within the organization are failing, but there are ways to find talents hidden deep within the organization.
Programmers involved in developing algorithms for use in autonomous vehicles should prepare to have their work become the subject of a heated ethical debate rather soon.
Modern medicine confronts such challenges with attention and hope, even a growing appetite as it observes the rise of the latest technologies. Doctors, researchers and patients have a good reasons to be upbeat about the future.
The computational power of classical computers appears to be limited. Therefore everyone whose sights are set on boundless technological advances turns their attention to a quantum computing.
The machine learning technology proves that today’s computers are acquiring ever more astonishing skills. Perhaps this is a beginning of a Artificial SuperIntelligence.
By 2020, there is going to be in between 25 and 50 billion of them. Devices connected to the Internet of Things increasingly dominate our lives.
Smart City Forum is a response to the transformation, which takes place on a global scale, relating to the construction and operation of intelligent cities.
Unfortunately, data processing errors can lead to situations with dangerous social consequences.
Impact of future technology on finance, energy and car industry.
Surviving in the digital age, future-proofing your business. Members of generation C are particularly well adjusted to living in the digital world. It is natural for them to believe they will be able to stay connected indefinitely.
Synthetic biology is gaining popularity. From a niche field of science, it is evolving into one that draws much attention from industry and business.
The fundamental idea about the blockchain is to create new blocks for transaction sets by arranging them into blockchains and sending them into the network.
Blockchain is not humanity’s last word in creating decentralized financial systems that are globally accessible and independent of state governments, stock exchanges, financial institutions, banks and other middlemen.
Blockchain could reshape the basic principles of trade, influence economies and change the way people see trust and ownership. It may, but will it manage to? Will cryptocurrencies really revolutionize the financial system?
Artificial intelligence will do all of our work for us – it will even find a cure for cancer, claim AI research enthusiasts.
A cryptocurrency with a potential to become perfect money. Where has it come from, what is it worth and what can you buy with it?
A system that can't be cracked and has the potential to transform industries.
Formal structures no longer do the job. Managers today are becoming increasingly aware of the value of informal networks – the relationships that actually drive their companies.
Any company that goes digital is inevitably looking to dramatically transform its structure. Its IT unit does not necessarily have to take over the helm and run its operations. The head of IT does not need to become a guru known for singlehanded decision-making.
Today’s hierarchical business management models require major changes or at least some degree of tweaking.
Passion is the key value in our work life. If you lack passion sooner or later your work results will be unsatisfactory regardless of the field or position.
Atos Group, which worldwide grows through acquisitions, does not exclude acquisitions of other companies also in Poland – said in the interview for Polish Press Agency (PAP) Norbert Biedrzycki, Chairman of The Board of Atos Poland.
The development of artificial intelligence in robotics is not as unlikely as you might think. A growing number of technologies enable machines to observe the environment in which they operate and choose the best course of action.
Atos Poland ranked highest in three rankings of this year's prestigious Computerworld TOP 200 report on Polish IT market.
Athlete tracking sensors in playing fields are increasingly popular in stadiums. Big Data has come to sports and gained many ardent fans.
Smart City Forum is a response to the transformation, which takes place on a global scale, relating to the construction and operation of intelligent cities.
My comments to Miroslaw Konkel’s article “Good spsce in Smart Cities" published in Puls Biznesu and referring to SmartCity solutions.
Interview for Computerworld magazine. Atos in Poland strategy going forward.
Release of the market, admission of different telecom operators and natural competition.
An interview for Gazeta Warszawska/ Newseria. The problem with internet access in Poland is a result of geographical factors, technical feasibility and commercial business case.
ITwiz. Interview with Norbert Biedrzycki, new President of the Management Board at Atos Poland and Vice President System Integration for CEE Region at Atos.
In 2013, ABC Data reported a nearly twofold increase in profit compared to 2012. Group grew faster than the market in all relevant geographic and product segments, reaching revenues of PLN 4.5 billion, which enabled the Company to maintain the title of The biggest IT company in Poland.
The company’s EBIDTA increased to 18,9m EUR which translates into a 35.3% growth when compared with 2012. The group’s revenue for 2013 rose by 31% to 1.15bn EUR.
Building B2B, B2C marketplace across CEE countries as one of strategic pillars of ABC Data geographical expansion (interview in German).
IT distribution Central Eastern Europe market evolution in 2013.
Hostile takeover by major competitor is a theoretical exercise many CEOs of listed companies will never face in a real life, and not everyone is experiencing it firsthand.
Norbert Biedrzycki, Player of the Year 2012 according to the Forbes magazine in the B2B category – Production and Services for Companies.