manufacturers is that a centralised model will lead to the monopolisation of the AI market. This in turn could cause unfair pricing and stifle innovation. Decentralised AI, born at the

intersection of blockchain, on-device AI, and the Internet of Things (IoT), helps solve this challenge and promotes transparency. It also ensures interoperability and encourages innovation among an unlimited number of other AI companies. Ecosystems such as SingularityNET are already fostering wider collaboration among the global decentralised AI community, a case of safety in numbers, if you will. More than that, such marketplaces have been designed to ensure that,in the event of AI reaching mass market usage, contributors and users of the technology will be the ones to control it, rather than a few powerful entities. Promoting interoperability and

Andy Coussins, senior vice president and head of international at Epicor Software, answers some of the questions related to Artificial Intelligence, and shows how decentralised AI can help empower the manufacturing industry to improve processes


rtificial intelligence (AI) is making its presence felt in every aspect of our

daily lives – from the new breed of virtual assistants in our homes, to the spam filters that eliminate unwanted emails. As AI algorithms, and the computing power that drives them, improve year-on-year, their ability to positively transform the world in which we live is unquestionable. In fact, PwC predicts that AI could contribute up to $15.7 trillion to the global economy by 20301

. Indeed, as many as one-in-five (20

percent) of the 1,000 US organisations recently surveyed by PwC had plans to implement AI enterprise-wide in 2019. The PwC research also reveals how companies are increasingly initiating AI models at the very core of their production processes, in a bid to enhance operational decision-making and provide forward-looking intelligence to people in every function throughout the business. To many, this move to AI is no surprise.

After all, robots have been used for years in many manufacturing disciplines, so the progression to AI seems like a logical next step. Either way, there is no doubt that the future is one in which machines and humans will work alongside one another with increasing regularity. AI is big business. US venture capital

investment in the sector reached $6.6 billion in the first three quarters of 2018, compared to $3.9 billion in the same


period the year before. Meanwhile, AI companies have become attractive takeover targets, with the number acquired outright reaching a record 35 companies at a combined value at $3.8 billion. Despite this positive outlook, some

unanswered questions remain. Concerns continue to grow about the impact of AI on privacy, cybersecurity, employment, social inequality, and the environment. Customers, employees, boards, regulators and corporate partners are all asking the same question: can we trust AI? As AI in the marketplace increasingly

becomes controlled by just a handful of big companies that own cloud-based AI platforms and APIs, the issue of trust is stimulating growing calls for the decentralisation of AI. The main fear for

decentralised AI will ultimately lead to an era of AGI (artificial general intelligence) that will empower manufacturers. For example, by helping them detect anomalies and generate predictions that can be used for enterprise resource planning (ERP) and help improve their processes in the future. Decentralised AI may become even more

necessary for another reason. Stringent regulations around data privacy are already impacting AI and may limit its growth, due to the restrictions they place on the movement of cross-border data. For example, last year’s General Data

Andy Coussins, senior vice president and head of international at Epicor Software believes decentralising AI will foster an environment in which the developer community can build innovative algorithms and solutions that enable manufacturers to grow

Protection Regulation (GDPR) in Europe and the imminent California Consumer Privacy Act (CCPA) give individuals the right to see and control how organisations collect and use their personal data. Both regulatory frameworks also impose heavy fines on organisations, should this data become compromised in any way. AI is not just an intelligence problem, it’s also a data problem. A decentralised AI ecosystem would help companies to keep siloed data repositories within geographic borders to ensure compliance, and respond quickly and easily to changes in regulations across territories. The rate of adoption of AI is set to

accelerate in 2019, as business leaders realise its benefits. This is particularly pertinent, since the power of AI is amplified when integrated with other technologies, such as analytics, ERP, IoT,

and blockchain. 1

lting/library/artificial-intelligence- predictions-2019.html

Epicor Software


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