ITU Blog: ITU partners with IBM Watson’s XPRIZE to promote AI innovation
Data volumes are soaring to previously unimaginable heights. More data has been created in the past two years than in the entire history of humanity. 2.5 quintillion (that is, one-billion billion) bytes of data are produced every day by sensors, mobile devices, online transactions and social networking. It is predicted that, by 2020, each person on the planet will account for the creation of an average of 1.7 megabytes of new data every second.
Drawing meaningful insight from such vast amounts data is beyond our capabilities as humans, but perhaps not those of machines. Artificial Intelligence (AI) and machine learning have the potential to make sense of gargantuan datasets with multiple variables, leading us to ask: what if humans could collaborate with powerful AI technologies to collect and analyze data in the interests of solving the problems most relevant to the future of civilization on our planet?
This is the question that inspired the creation of the IBM Watson AI XPRIZE, a 5 million USD competition that aims to accelerate the development of scalable AI solutions to address humanity’s grandest challenges.