Connect with us

Chart of the Week

Chart: The AI-mazing Patent Race

Published

on

Chart: The AI-mazing Patent Race

Chart: The AI-mazing Patent Race

The Chart of the Week is a weekly Visual Capitalist feature on Fridays.

Artificial Intelligence is transforming the way we live, and the tech giants are racing to stay ahead of the curve.

AI-related funding totaled an estimated $15.2 billion in 2017, a 144% increase over the previous year. The U.S. tech industry leads with a 50% share of those investments, even with China swiftly closing the gap in terms of patents and AI research.

AI itself isn’t new, but boosted computing power, increased connectivity, and the sheer volume of data has paved the way for the fourth industrial revolution of AI.

“The coming era will be looked back upon as the ‘AI era,’ when AI became the defining competitive advantage for corporations, government agencies, and investment professionals,” predicts David Nadler, founder of Kensho Technologies.

The Potential of AI

Artificial Intelligence is less about sentience and more about accelerated learning.

AI technology looks for patterns, learns from experience, and predicts responses based on historical data. An AI-powered computer can’t produce a unique thought, but it can probably predict yours. The end result: AI is able to learn new things at such a speed that it can predict your behavior and preempt your requests.

From the advancements in natural language processing that make Siri and Alexa possible, to the machine learning advancements that give robo-advisors their trading chops, AI’s ability to simulate human thinking means it can also streamline our lives. It can preempt our needs and requests, making products and services more user friendly as machines learn our needs and figure out how to serve us better.

This makes AI a vital source of competitive advantage.

AI’s Competitive Advantage

In their quest to stay on top of the Silicon Valley food chain, familiar tech and retail giants are dipping their toes in AI to execute diverse strategies:

Amazon
Amazon leverages AI technology to analyze and predict your shopping patterns. Alexa is very Artificially Intelligent indeed, and the revolutionary Amazon Go model continues to push the boundaries of AI tech on the ground.

Google
Google uses machine learning and pattern recognition in its search and facial recognition services, as well as natural language processing for real-time language translation. The company has also released a series of smart home products, like the Nest thermostat. After acquiring more than 50 AI startups in 2015-16, this seems like only the beginning for Google’s AI upgrade.

Microsoft
Microsoft’s Cortana is powered by machine learning, allowing the virtual assistant to build insight and expertise over time. In 2016, the tech giant added Research and AI as their fourth silo alongside Office, Windows, and Cloud, with the stated goal of making broad-spectrum AI application more accessible and everyday machines more intelligent.

Apple
Apple is notoriously tight-lipped about their AI research, but it’s safe to say Siri is only the tip of the iceberg. The tech giant received a patent this year for augmented-reality glasses, slated for a release in 2020.

Facebook
Facebook uses artificial intelligence to suggest photo tags, populate your newsfeed, and detect bots and fake users. The social media giant has also come under fire for their widespread use of AI analytics to target users for marketing and messaging purposes.

These tech kings are driving the research that will increasingly intertwine our lives with artificial intelligence, and it’s that investment that just might secure their future.

Subscribe to Visual Capitalist

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.

Continue Reading
Comments

Chart of the Week

Ranked: Which Economies Are the Most Competitive?

The world’s top countries excel in many fields—but there can only be one #1. How have the most competitive economies shifted in the past decade?

Published

on

Ranked: Which Economies Are the Most Competitive?

What makes a country successful from an economic perspective? Many think of this in terms of GDP per capita—but in a rapidly changing world, our definitions of progress have evolved to encompass much more.

This animated Chart of the Week visualizes 10 years of global competitiveness, according to the World Economic Forum, and tracks how rankings have changed in this time.

How Do You Measure Competition?

The WEF’s annual Global Competitiveness Report defines the concept of ‘competitiveness’ as an economy’s productivity—and the institutions, policies, and factors which shape this.

This year’s edition unpacks the national competitiveness of 141 countries, using the newly-introduced Global Competitiveness Index (GCI) 4.0 which looks at four key metrics:

  1. Enabling Environment
    Includes: Institutions, Infrastructure, ICT Adoption*, Macroeconomic Activity
    *Refers to information and communications technology
  2. Human Capital
    Includes: Health, Skills
  3. Markets
    Includes: Product Market, Labor Market, Financial System, Market Size
  4. Innovation Ecosystem
    Includes: Business Dynamics, Innovation Capability
  5. Each country’s overall competitiveness score is an average of these 12 main pillars of productivity. With that out of the way, let’s dive into the countries which emerge triumphant.

    The Most Competitive: Movers and Shakers

    The world’s top countries excel in many fields—but there can only be one #1. In 2019, Singapore wins the coveted “most competitive economy” title, with a 84.8 score on the GCI.

    The nation’s developed infrastructure, health, labor market, and financial system have all propelled it forward—swapping with the U.S. (83.7) for the top spot. However, more can be done, as the report notes Singapore still lacks press freedom and demonstrates a low commitment to sustainability.

    How have the current scores of the most competitive economies improved or fallen behind, compared to 2018?

    RankEconomy2019 Score2018 Score2018-2019 Change
    #1🇸🇬 Singapore84.883.5+1.3
    #2🇺🇸 United States83.785.6-2
    #3🇭🇰 Hong Kong83.182.3+0.9
    #4🇳🇱 Netherlands82.482.40
    #5🇨🇭 Switzerland82.382.6-0.3
    #6🇯🇵 Japan82.382.5-0.2
    #7🇩🇪 Germany81.882.8-1
    #8🇸🇪 Sweden81.281.7-0.4
    #9🇬🇧 United Kingdom81.282-0.8
    #10🇩🇰 Denmark81.280.6+0.6

    Finland (80.2) and Canada (79.6) are notable exits from this top 10 list over the years. Meanwhile, Denmark (81.2) disappeared from the rankings for five years, but managed to climb back up in 2018.

    Regional Competitiveness: Highs and Lows

    Another perspective on the most competitive economies is to look at how countries fare within regions, and how these regions compete among each other.

    Middle East and North Africa (MENA) has the widest gap in competitiveness scores—Israel (76.7) scores over double that of poorest-performing Yemen (35.5). Interestingly, the MENA region showed the most progress, growing its median score by 2.77% between 2018-2019.

    The narrowest gap is actually in South Asia, with just a single-digit difference between India (61.4) and Nepal (51.6). However, the region also grew the slowest, with only 0.08% increase in median score over a year.

    RegionBest Performer2019 ScoreWorst Performer2019 ScoreRegional
    Gap
    Europe and North America🇺🇸 United States83.7🇧🇦 Bosnia & Herzegovina54.729
    Latin America and the Caribbean🇨🇱 Chile70.5🇭🇹 Haiti36.334.2
    East Asia and Pacific🇸🇬 Singapore84.8🇱🇦 Laos50.134.7
    South Asia🇮🇳 India61.4🇳🇵 Nepal51.69.8
    Eurasia🇷🇺 Russia66.7🇹🇯 Tajikistan52.414.3
    Middle East and North Africa🇮🇱 Israel76.7🇾🇪 Yemen35.541.2
    Sub-Saharan Africa🇲🇺 Mauritius64.3🇹🇩 Chad35.129.2

    Across all regions, the WEF found that East Asia’s 73.9 median score was the highest. Europe and North America were not far behind with a 70.9 median score. This is consistent with the fact that the most competitive economies have all come from these regions in the past decade.

    As all these countries race towards the frontier—an ideal state where productivity growth is not constrained—the report notes that competitiveness “does not imply a zero-sum game”. Instead, any and all countries are capable of improving their productivity according to the GCI measures.

    Subscribe to Visual Capitalist

    Thank you!
    Given email address is already subscribed, thank you!
    Please provide a valid email address.
    Please complete the CAPTCHA.
    Oops. Something went wrong. Please try again later.

Continue Reading

Chart of the Week

Which Companies Are Responsible For the Most Carbon Emissions?

Since 1965, over ⅓ of the world’s cumulative carbon emissions can be traced back to just 20 fossil fuel companies. Who are the biggest contributors?

Published

on

20 Companies Responsible For the Most Carbon Emissions?

Since 1965, it’s estimated over 1.35 million metric tons (MtCO₂e) of greenhouse gases have been released into the atmosphere—and over a third can be traced back to just 20 companies.

This week’s chart draws on a dataset from the Climate Accountability Institute, and highlights the companies which have been responsible for the most carbon emissions in the past half-century.

The Sum of their Carbon Emissions

Between 1965-2017, the top 20 companies have contributed 480,169 MtCO₂e in total carbon emissions, or 35% of cumulative global emissions. This whopping amount is mostly from the combustion of their products—each company on this chart deals in fossil fuels.

The largest contributor? Saudi Aramco, the national petroleum and natural gas company of Saudi Arabia. Saudi Aramco actually comes in first on another list as well—it’s the most profitable company, making over $304 million daily.

However, this financial gain came at a significant cost: the state-owned giant’s operations have resulted in 59,262 MtCO₂e in carbon emissions since 1965. To put that into perspective, this total is more than six times China’s emissions in 2017 alone (9,838 MtCO₂e).

Explore the full list of companies by location, who owns them, and their total 1965–2017 emissions count below:

CompanyCountryOwnershipAll Emissions, MtCO₂e
Total Emissions480,169 MtCO₂e
Saudi Aramco🇸🇦 Saudi ArabiaState-owned59,262
Chevron🇺🇸 U.S.Investor-owned43,345
Gazprom🇷🇺 RussiaState-owned43,230
Exxon Mobil🇺🇸 U.S.Investor-owned41,904
National Iranian Oil Co.🇮🇷 IranState-owned35,658
BP🇬🇧 UKInvestor-owned34,015
Royal Dutch Shell🇳🇱 NetherlandsInvestor-owned31,948
Coal India🇮🇳 IndiaState-owned23,124
Pemex🇲🇽 MexicoState-owned22,645
Petroleus de Venezuela🇻🇪 VenezuelaState-owned15,745
PetroChina🇨🇳 ChinaState-owned15,632
Peabody Energy🇺🇸 U.S.Investor-owned15,385
ConocoPhillips🇺🇸 U.S.Investor-owned15,229
Abu Dhabi National Oil Co.🇦🇪 UAEState-owned13,840
Kuwait Petroleum Corp.🇰🇼 KuwaitState-owned13,479
Iraq National Oil Co.🇮🇶 IraqState-owned12,596
Total SA🇫🇷 FranceInvestor-owned12,352
Sonatrach🇩🇿 AlgeriaState-owned12,302
BHP Billiton🇦🇺 AustraliaInvestor-owned9,802
Petrobras🇧🇷 BrazilState-owned8,676

A Greener Business Model?

According to the researchers, all the companies that show up in today’s chart bear some responsibility for knowingly accelerating the climate crisis even after proven scientific evidence.

In fact, U.S.-based Exxon Mobil is currently on trial for misleading investors: the company downplayed the effect of climate change on its profitability, while internal calculations proved to be much larger. It also sowed public doubt on the immense impacts of rising greenhouse gas levels on the planet.

Growing sustainability and environmental concerns threaten the viability of old business models for these corporations, causing many to pivot away from the fossil fuel focus. Take BP for example—originally named British Petroleum, the company embraced “Beyond Petroleum” as its new rallying cry. More recently, it launched a carbon footprint calculator and is committed to keeping its carbon emissions flat into 2025.

However, the Climate Accountability Institute argues that more can still be done, with the researchers calling for these companies to reduce their fossil fuel production in the near future.

Continued pressure on these “Big Oil” companies to peak their carbon emissions, and urgently increase their renewable energy investment, may help curb the climate crisis before it’s too late.

Subscribe to Visual Capitalist

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.

Continue Reading
Novagold Company Spotlight

Subscribe

Join the 130,000+ subscribers who receive our daily email

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.

Popular