Study About Hosting Conferences & Conventions in Artificial Intelligence

            Through artificial intelligence not only the costs of the organization can be saved but also the operational efficiency of the organization will increase up to lot of extent. There is an extensive need to focus on artificial intelligence and how it can leads the world to a better future. Hosting conferences and events is a way to analyze the significance of artificial intelligence and that is why hosting such events are important. If the big companies and renowned experts are going to be the part of the conference than the cost of the event will also going to be quite high. The expected cost of the event should be estimated while the conference is in the planning phase

Bench-marking Analysis of Hosting Conferences & Conventions in Artificial Intelligence

            Many organizations around the world wants to adopt artificial intelligence in their daily processes so that they can provide more efficient product to their customers. Through artificial intelligence not only the costs of the organization can be saved but also the operational efficiency of the organization will increase up to lot of extent (Heyman, 2018). The benchmark analysis has been performed to get idea for the hosting of conference event and to determine the penetration of conference in society by considering the number of participants.

Number of participants of Hosting Conferences & Conventions in Artificial Intelligence

        The conference was international conference and participant traveled form San Francisco, Santa Clara, Boston and Montreal. Therefore, the number of participants was higher, and it was approximately 1000 participant from local areas and 500 international participants. The event was organized for 1500 participants.

500 - 1000 delegates

10 - 50 exhibitors

Participant companies of Hosting Conferences & Conventions in Artificial Intelligence

        The participant companies of conference were highly associated with the latest technology. The listed companies in the conference were Microsoft, Intel, Apple, Amazon, and Facebook. All the motivated speakers were invited to deliver the talk to inspire, motivate, and challenge of innovation.

Subjects of the conference of Hosting Conferences & Conventions in Artificial Intelligence

         The international conference was dealing with number of fields of advanced searches and technology. The subjects of the conference were text mining, tools of intelligence, visualization of technology and technical and scientific information. The interest of conference was to update the analysis of technologies. The international speakers were focused on the exhibition of conference program.

Economic impact on GDP and Hosting Conferences & Conventions in Artificial Intelligence

        The impact of event is on the industry Global GDP. The higher number of participants generates more revenues for the organizing committee and induces impact of the GDP rates (Cristi Kempf , 2019). According to the research conducted by Cristi Kempf the previous events resulted in $1.5 trillion on the global GDP. Considering the previous GDP, it is supposed that event will generate $ 1.5 million after the event (Cristi Kempf , 2019).

 Following is the analysis:

Things Needs to be done to Host Such Events

        There is need to host various conferences & conventions regarding the artificial intelligence because through such events the researchers can share their latest research with the rest of the world and various experts can share their experiences of using Artificial intelligence in the workplace or various other settings. For hosting such events some key things are required which are mentioned in detail below:

The planning of the conferences should be started at least 7 months earlier so that an effective conference can be held

A proper location should be selected along with the date

A committee should be created that will manage the conference

The goals & agenda of the conference should be set

Budget of the conference would be prepared

Decide the theme of the conference

Promotion or awareness in the people would be created about the event

Why Hosting AI Events

        The technology is developing day by day and for various businesses and institutions it has become mandatory to upgrade their current technology. The artificial intelligence have revolutionized the world and have created various opportunities for business sector, health care and education sector. Therefore there is an extensive need to focus on artificial intelligence and how it can leads the world to a better future. Hosting conferences and events is a way to analyze the significance of artificial intelligence and that is why hosting such events are important.  If the society or experts are not going to host any conference or event related to this topic then the people might unable to understand the importance or benefit of the artificial intelligence (Jones, 2015).

Attracting Big Companies to of Hosting Conferences & Conventions in Artificial Intelligence

        Attracting big companies for the conference or events will be a challenging task however it is possible to attract big players for the event. The thing that is required for attracting big players is to increase the popularity and significance of the event. The management or committee of the conference would try it best to make the conference among the top conferences of the year. Through this the conference will able to attract big companies like Microsoft or Google easily. The social media should be used to create awareness about the conference. Furthermore such experts should be gathered in the conference which are well renowned and have huge public image. Through this companies would not deny to becoming a part of the event (Jones, 2015).

Economic Impact of Hosting Conferences & Conventions in Artificial Intelligence

       It is important to manage the resources wisely otherwise the holding the event will become quite difficult. The costs of the event should be efficiently managed so that event can become successful for all those who are associated with the event.

Expected Cost of Hosting Conferences & Conventions in Artificial Intelligence

        If the big companies and renowned experts are going to be the part of the conference than the cost of the event will also going to be quite high. The expected cost of the event should be estimated while the conference is in the planning phase. A proper budget should be prepared in which different costs should be considered so that no issue will occur while holding the event. Following is the exemplary budget regarding how the budget of conference is prepared.

Source: http://conference.opensimulator.org/2014/wp-content/uploads/2014/06/oscc13_budget_final_500px1.jpg

Target Audience of Hosting Conferences & Conventions in Artificial Intelligence

            The target audience for the Holding AI conferences will be the people from different walk of life. AI is something that can be implemented in various fields therefore such events is for the people who belong to various fields. The engineers, doctors and even huge businessmen all are invited to attend the conference. To attend the conference there will be different types of passes having different prices (Jones, 2015).

References of Hosting Conferences & Conventions in Artificial Intelligence

Cristi Kempf , 2019. Business Events Industry’s Global GDP Impact: $1.5 Trillion. [Online]
Available at: https://www.pcma.org/eic-study-business-events-industry-global-gdp-impact-hits-1-5t/

Heyman, K., 2018. The 17 AI and ML conferences you should attend in 2019. [Online]
Available at: https://www.hpe.com/us/en/insights/articles/the-16-ai-and-ml-conferences-you-should-attend-in-2019-1811.html

Jones, M. T., 2015. Artificial Intelligence: A Systems Approach: A Systems Approach. s.l.:Jones & Bartlett Learning.