Registration is closed: https://bit.ly/bmcchacksai
We are pleased to announce the winners of the AI Innovation Challenge for Social Good Fall 2024! Conquering the Innovation Challenge is not an easy feat - yet these students persevered through and came out on top! About 19 teams participated in total - teams were separated into three tracks:
This year, a track dedicated to Artificial Intelligence was introduced for participants.
Impact on Job Industries: AI is revolutionizing various sectors by enhancing efficiency, streamlining tasks, and promoting innovation.
Automation Benefits: Automation through AI offloads repetitive tasks from humans, enabling them to concentrate on work requiring creativity and critical thinking.
Sector-specific Advancements: In industries such as healthcare, computer science, finance, and transportation, AI is optimizing processes, reducing costs, and improving decision-making.
Future Potential: As AI technology advances, it is poised to reshape industries, create new job opportunities, and significantly improve quality of life globally.
With the generative AI added to the picture, 30% of hours worked today could be automated by 2030*. This update will establish new working areas while also terminating certain ones.
The chart to the right depicts projected job changes for the next few years:
Adoption of Automated Business Practices: Industries are increasingly integrating automation, impacting various job roles.
Projected Decline in Service-Oriented Jobs: There is an expected decrease in the demand for service-oriented positions such as cashiers and bank tellers.
Proactive Learning Initiative: To prepare for the AI revolution, the program exposes participants to AI's potential applications in solving everyday problems.
Focus on Complex Problem Solving: Participants are encouraged to apply their learnings to tackle more complex issues, building on the foundation established during this challenge.