October 19, 2016
Featurespace among Cambridge AI businesses set to boost UK economy by $814bn in under 20 years
Tony Quested of Business Weekly, has outlined how Cambridge’s innovative technology companies are set to provide a much-needed boost to the UK economy. Drawing from projects developed within Cambridge University, companies in the area are constructing an international reputation for excellence in the field of Artificial Intelligence.
Quested names Featurespace as one of the Cambridge based AI businesses that has “Asian and American technology greats beating a path to its door”.
Research has found that AI could double economic growth rates by 2035. The research, conducted by Accenture, shows technologies are projected to improve labour productivity by up to 40% by enhancing the effectiveness of both people & technology.
Featurespace’s world leading ARIC platform utilises Adaptive Behavioural Analytics to accurately understand the normal behaviour of each customer and automatically spot new and unknown anomalies in real-time.