The calculations of revenue expected to be driven by artificial intelligence continue to grow. Growth is expected to be strong across nearly every industry, with advertising, consumer, healthcare and finance leading the way, based on a new forecast. Interest in implementing AI systems is surging among companies and institutions around the world, according to the report from Tractica.
Google Home and Amazon's Alexa devices are seeing strong sales online, with Google raking in the cash. Online sales of the devices combined are up 39% from last year, based on a new study. In the first quarter of this year, Amazon's lower-priced Echo Dot outsold Google Home 53% to 30%. However, in terms of revenue, Google's more expensive Home accounted for 40% compared to Echo Dot at 28%.
It's too early to judge sales success, but Amazon's Echo Show that goes on sale today is at least causing some excitement. At a conference called Big Voice put on by the Boston Innovators Group in Boston yesterday, presenters were asked what feature they would like to have in a voice control device. Chris Lamb, manager of mobile products, InterContinental Hotels Group, said a screen, which the new Echo Show finally has.
It typically takes quite a long time for a specific technological change to be full adopted by the masses. For example, it was some time before most people in the U.S. migrated to smartphones from full-featured phones. Part of the reason is the actual ecosystem and part revolves around consumer needs.
It's obvious there could be serious money in artificial intelligence. A new study now suggests that AI has the potential to actually boost business rates of profitability and push those rates into the trillions of dollars. Businesses could increase profitability by an average of 38%, leading to an added $14 trillion in additional gross value added across 16 industries in 12 economies, according to a new report by Accenture Research and Frontier Economics.
At an Amazon brick and mortar store over the weekend, I watched shoppers check out Amazon's line of Echo products. At the moment, that's just the taller Echo and the small Echo Dot, the lower end version of the devices that provide access to Amazon's Alexa. Coming are the Echo Look, available exclusively by invitation, and the Echo Show, the new $229 device with screen, which starts shipping next week.
Voice assistants have taken off and now it looks like voice payments are right behind. Eight percent of U.S. adults already have used some form of voice payments, which include voice commerce, such as using speech to buy via Amazon Alexa, voice-initiated person-to-person payments and voice-controlled bill payments. These are among the findings in a new study on voice payments by BI Intelligence.
One of the main thing the Internet of Things involves is connecting everyday objects to the Internet. A potential downside to that is the increase in the attack surface for intrusion, since all smart devices have an IP address and can transfer data over a network. The Internet of Things will become the new cyberweapon, according to a new global study, which says that new surfaces, such as connected cameras, cars, health and industrial automation devices will become a launch pad for intrusions.
Virtual reality has been used for a number of applications and now commerce is moving into the picture. Nokia is launching a marketing campaign labeled 'Healthier Together' to introduce its new line of digital health products. These include Nokia-branded smartwatches, connected scales, blood pressure monitors and other consumer health devices, being shipped to stores around the world.
The Internet of Things involves the blending of a lot of new and a lot of old. Over the weekend, many tall ships sailed into Boston Harbor at an event called Sail Boston, part of the Rendez-Vous 2017 Tall Ships Regatta, a transatlantic race celebrating the 150th anniversary of the Canadian Confederation. The Regatta covers 7,000 nautical miles and visits six countries, with Boston being the only stop in the U.S. The oldest of the 55 ships was built in 1893 and the newest in 2016.