Tech giant SAS commits to £1bn AI investment in three years
SAS says it is investing $1 billion in artificial intelligence (AI) over the next three years through software innovation, education, expert services and more.
The firm’s current AI capabilities include advanced analytics, machine learning, deep learning, natural language processing (NLP) and computer vision.
The $1 billion investment in AI will focus on three main areas: research and development (R&D), education initiatives addressing customer needs, and expert services to optimise customer return.
“AI is changing the way society responds to all kinds of challenges,” comments Laurie Miles, director of analytics, SAS UK and Ireland. “AI can bring significant value for organisations, but more than that, we believe AI can deliver great benefit to society – by investing in the future of analytics, we’re investing in the future of human development.”
SAS is investing in R&D innovation in all core areas of AI and embedding these capabilities into the SAS Platform and its solutions for data management, customer intelligence, fraud & security intelligence and risk management.
As part of this effort to boost R&D, SAS continues to partner with technology providers like Accenture, Cisco, Deloitte, Intel and NVIDIA.
The firm cites as an example SciSports, an innovative Dutch sports-analytics start-up, which is applying computer vision from SAS to data streaming from soccer, or football, matches. SAS AI technology running on NVIDIA GPUs delivers in-game insights to coaches and managers.
Customer education and development initiatives, such as the new SAS AI Accelerator Programme, will focus on helping organisations and professionals get AI-ready at any level.
Among the many customers using AI and machine learning from SAS are firms like Connexions Loyalty, Daiwa Securities, and Volvo and Mack Trucks.