A look at Automation and Artificial Intelligence in Australia

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With the advancement within the fields of Artificial Intelligence, the scope of application of AI to engineering and different disciplines have additionally enlarged. Engineers are building mathematical models for simulating the performance of massive and sophisticated systems. Implementation of Artificial Intelligence within the fields of mining and production systems has helped in the performance and potency of crushing plants, management systems, massive sea-going boats, etc.

Australian firms in the present scenario have developed or developing a synthetic intelligence system, that helps in daily made-to-order recommendations within the fields of healthcare, engineering, company document recording systems, etc. However, within the case of the real estate sector, Australia remains insulant behind different countries around the world.

As per the survey of practice firm EY and also the Massachusetts Institute of Technology (MIT) land Innovation research laboratory, it was calculable that by 2030, 50% of all work would be impacted by automation.  In an international survey, Australian respondents declared that they’re hiring fewer data scientists. Out of the entire international respondents, one-fourth of the respondents were Australians. The conclusion drawn from the poll declared that downside was the shortage of competitiveness amongst the people.

The survey confirmed that 23% of the Australian firms weren’t sure whether or not the very fact that automation or computer science would modification their businesses. As per the figures provided by the Massachusetts Institute of Technology, within the last 3 years, there have been around 750 start-up firms within the domain of artificial intelligence. Out of those 750 firms, 100 firms targeted the real estate sector. Also, the world has started gathering information and data. However, solely the first-mover corporations have commenced automating their tasks.

Around 46% of the Australian respondents declared that they need to start the automation of their businesses.

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The winner of the title Mr. Pune 2009, Mr. Shreyas Tanna is currently the young, dashing, and dynamic CEO of a market research company called ResearchNReports in Pune. Fondly known as RNR, the company specializes in market research as well as industry analysis, and is closely associated with its parent company Absolute Market Insights (AMI). Mr. Shreyas Tanna began his corporate journey as the Head of Corporate sales & PR at RED Entertainment while pursuing his degree for MMS (Marketing) from the MGM College of Management, Mumbai. After accomplishing the tedious task of balancing his work and education, he further polished his skills in Corporate Sales, Public Relations, Channel Development, Global Client Engagement, Strategic Consulting, and Brand Development by working with HDFC Life and Researchmoz Global Pvt. Ltd. His dedication towards his work has even won him accolades such as the National Level Performer 2013 – HDFC Life and Mr. Research Moz 2015. A disciplined individual with a loving heart, he is often seen taking crisp walks with an engrossed look and a gentle smile within the premises of his company to interact with the various departments. And he will be usually followed by an adorable trail of his beloved trio of Shih Tzu babies proudly known as Gucci, Drake, and Paris. The most enticing thing that you will notice about this content and proud pet parent is his infectious positivity and the firm belief in his eyes, a reflection of his favorite quote, “LIFE IS BEAUTIFUL!”