On June 18, 2018, the first annual AI Summit jointly organised by Frankfurt School of Finance & Management and Innoplexus will take place at the campus of Frankfurt School.
Among other activities, Frankfurt School with its AI Initiative establishes a Research Centre, the Academic Programme Master in Applied Data Science and AI Programmes in Executive Education supported by real-world data science problems from prominent industry partners, like Innoplexus.
Innoplexus, headquartered in Eschborn, enables organisations to gain broader, deeper and faster insights. Their proprietary Artificial Intelligence-based products and solutions help the Financial Services and Life Sciences industry to improve decision making. This can, for instance, result in new treatment discovery and faster drug development.
But what does the third wave of AI mean for our future work and daily life? “No, we will not be living in a world dominated by robots in the future. Artificial Intelligence will not develop feelings because a human’s brain is a complex combination of electronic impulses and chemical processes. I see AI more as an enabler“, says Dr Gunjan Bhardwaj, founder and CEO of Innoplexus.
Professor Dr Nils Stieglitz, President of Frankfurt School, states: “Machine Learning and Artificial Intelligence have a lot of potential. On the one hand, the potential to disrupt many industries and destroy many jobs because everything that is a process can be automated. But on the other hand, it is also going to create many new jobs. AI is excellent when you have a lot of data and clear-cut performance indicators. But as soon as you have a lot of ambiguity, the human brain will be supreme.“