Data flows are increasing exponentiallyIn the last 2 years the amount of data has doubled globally…yet < 5% have been analysed

Flows of information drive the global economysince 2015 data flows have created more GDP growth than all the trade in physical goods

If data is the new oil, who will win…those who can refine, store, distribute and most importantly analyse it

googleTech giants like Google spent $30B on AI in 201690% spent on R&D and deployment, and 10% on AI acquisitions

Ai startupsInvestment in AI startups was $9B in 2016 (ML accounted for 60% of funding)

AI and ML are the most powerful analytical tools ever createdbusinesses that implement advanced data science and infrastructure show 3-15% more profit

new slide showing australia slow to catch upAustralia punches above its weight in AI and ML researchhowever, 20% of Australian organisations have plans to deploy it vs 100% surveyed in China

Amazon achieved impressive results from its acquisition of Kiva click-to-ship cycle time reduced from 60 to 75 minutes to 15 minutes, increased inventory by 50%

Netflix avoided $1B in cancelled subscriptions ML algorithm gave personalize recommendations to its 100 million subscribers

Google applied machine learning to its data centresit made their cooling units 40% more efficient, and reduced their energy bill by 15%

AI Applied to cybersecurityAI cyber security market is expected to reach $96 billion by 2021 Darktrace valued at $835M, uses ML to identify and block digital attacks on corporate networks

Prediction methods to estimate extreme events in financial marketsto assess risk and inform portfolio decisions and high-volume quantitative trading

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Goldman Sachs is using AI to automate IPOsreplaces informal checklists that accounted for around 50% of the process

Artificial intelligence can analyse commercial loan agreementsthis used to cost JP Morgan 360,000 hours of lawyer’s time annually

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PlantVillagePlantvillage recognises the 10 most important plant diseasestrained on 150,000 photos, and recognises the correct disease 98% of the time

Scanning for autism with AI in 6 month old childrenbetter than physicians, with 81% accuracy rate and 88% sensitivity

ibmIBM Watson made a treatment plan for brain cancer patient in 10 minDoctors take 160 hours. NLP sifts through 23 million articles on cancer therapies and research

ML identifies genetic causes of cancer through timepersonalized cancer medicine with simple, cheap, non-invasive blood tests

Improving the prediction of extreme weather eventshelped BOM improve the accuracy of tropical storms by up to 30%

Insurance company lost $40m in late 2016 from storms in SA and VIC a large portion of damage was caused by blocked gutters

Cloud cover can quickly cause solar output can drop to zerofossil fuel-fired power stations need to kick on right away to pick up the slack

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networkandsystemanalysispredictionmodelingandforecasting

imagerecognitiontextdataandnaturallanguageprocessing

datavisualizationcustomerretentionandinsightsdatacollectionandmanagement

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