Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Waves of AI disruption for key New Zealand business sectors

26 March 2018

Waves of AI disruption for key New Zealand business sectors

Artificial intelligence (AI) will have an extreme impact on New Zealand’s agriculture and health sectors in the next decade. That’s according to a white paper launched today by New Zealand’s innovation agency, Callaghan Innovation, which involved leaders in AI, including technical experts and business innovators.

Released ahead of AI Day on 28 March, the white paper predicts how AI will affect our agriculture, digital, energy and health sectors within the next few years. It details how different AI technologies will disrupt each sector in waves and showcases local examples of AI-powered businesses.

Callaghan Innovation Chief Executive, Vic Crone, says that while there are outstanding Kiwi innovators using AI in these sectors, many businesses leaders are yet to embrace the incredible opportunities it presents and risk falling behind.

“Artificial intelligence is not just a technology for tech companies. In New Zealand and around the world, businesses across diverse industries are using it in a host of ways to create serious competitive advantages,” says Ms Crone.

“In agriculture AI is driving automated harvesting and milking, smart monitoring of plants and stock health, as well as more precise forecasting of crop and dairy yields. In the health sector we have a huge opportunity to lead the way in improving access to healthcare with AI powered self-diagnosis tools, such as smartphone apps. AI systems are also sifting through oceans of data to predict health issues in advance and with more precision than we ever imagined.”

Forrester Research predicts that by 2020, businesses driven by AI insights, big data and the Internet of Things will “steal” $US 1.2 trillion a year from competitors who don’t embrace the opportunities. Jonathan Miller, Callaghan Innovation’s National Technology Manager and the white paper’s co-ordinator, says the risks and opportunities of AI ride on the ability of Kiwi firms to engage with the technology.

“Kiwi businesses can absolutely thrive in a world where everyone is waking up to the potential of AI. To be successful, it’s important they understand the different types of AI technologies and how to apply them to create real value in their specific situation and environment,” says Mr Miller.

“We hope this paper motivates more firms to find out how AI can solve their problems and create new opportunities, new enterprises, and even new sectors. Our AI experts and business advisors at Callaghan Innovation are happy to help with advice, connections, technical services, and R&D co-funding.”

Callaghan Innovation's AI white paper aims to stimulate discussion ahead of AI Day and the release of a national report by the AI Forum New Zealand. Visit our website for more information about Callaghan Innovation’s services or have a look at the white paper here.

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Land Report: Issues With Soil Degradation

An environmental report released today has found we are damaging and losing our soils and our native plants and animals. More>>

ALSO:

Water Quality Report: Cause For Optimism

National River Water Quality Trends released by Land, Air, Water Aotearoa (LAWA) this week, reveal that for all river water quality parameters monitored over a 10 year period, more sites were improving than deteriorating. More>>

ALSO:

IMF Report On NZ: Positive Economic Outlook

Minister of Finance Grant Robertson has welcomed the IMF’s Concluding Statement, released following its annual visit, which provides an independent assessment of the strength of the New Zealand economy. More>>

ALSO:

Retail Power Price: Review Panel Named

The Energy and Resources Minister Megan Woods has released the details of who will sit on an expert advisory panel which is tasked with leading a review into the price of electricity in New Zealand. More>>

ALSO:


Increasingly Disruptive Threats: Govt Cyber Security Refresh

Broadcasting, Communications and Digital Media Minister Clare Curran today announced a comprehensive refresh of New Zealand’s approach to cyber security. More>>

ALSO:


Regional Growth: Action Plan To Modernise Taranaki’s Economy

The Provincial Growth Fund (PGF) will invest up to $20 million to help future-proof the Taranaki region by diversifying its economy, creating additional jobs and leveraging off the strong base the region has established through its oil, gas and agricultural ... More>>

ALSO:

Winding Down Irrigation: Funding Ends For Crown Irrigation Investment

The Government has begun winding down public funding for large-scale irrigation through Crown Irrigation Investments Limited (CIIL), in line with the Coalition Agreement and the Confidence & Supply Agreement. More>>

ALSO: