Future AI Summit 2021
Event submitted on Tuesday, March 2nd 2021, approved by Charles Villanueva ✓
This event has been tagged as follows:
An excellent event for all those working with AI technologies.
Conference Event Summary
The following description was either submitted by the Conference Organizer on Tuesday, March 2nd 2021, or created by us.
In recent years, Artificial Intelligence (AI) has been labeled as part of the fourth industrial revolution, with industries in Australia seeing a surge in investment in AI technologies.
Investment in AI capabilities in Australia is projected to grow to AU$1.98 billion (US$1.42 billion) by 2025, that’s a compounded annual growth rate (CAGR) of 22 percent per annum from 2016’s AU$333 million (US$239 million) figure.
AI will drive enormous budget savings in Government Administration, National Security, Healthcare, Education, Financial Markets and services, Mining, Infrastructure, and Logistics. This growth in emergent technology comes with its own sets of risks – from an immature legal framework to limited knowledge, buy-in, implementation, and execution of the technology. Certainly, companies that invest in skills development and technical competence of AI will benefit, and those that don’t run the risk of falling victim to it.
With this in mind, Future AI Summit Australia 2021 brings Government agencies and industry leaders to advance discussions and share key learnings in advancing their AI journey to gain a competitive advantage and adapt to a world driven by AI.