The year 2017 is the year of Artificial Intelligence (AI). A recent acceleration of innovation in artificial intelligence has made it a hot topic in boardrooms, government and the media. It is still early to predict how it will develop, as everyone have different opinions on the topic.
There are examples of AI today that fit the description, but unlike the human brain, they can only perform a specific application. For example, “digital personal assistants” like Apple’s Siri can understand human language and deliver relevant suggestions on what to buy or what to watch on TV. But they can’t clean houses or drive cars. We are seeing self-driving cars, but that car will not be able to learn how to play chess or to cook.
Thanks to the cloud, everything is becoming connected device. There are different sensors that are put into everything. Sensors are enabling things like buildings, transport systems, machinery to be connected through the cloud, turning them into mini-devices that can not only send data but also receive instructions. A Narrative Science survey found last year that 38% of enterprises are already using AI, growing to 62% by 2018. Forrester Research predicted a greater than 300% increase in investment in artificial intelligence in 2017 compared with 2016.
Artificial Intelligence heralds massive potential for growth for both the economy and technology. Integrating human intelligence with machine intelligence in one co-existence will clear the road for the business in the future. AI is making workers more efficient, takes over automated tasks and higher-level responsibilities, and has tremendous economic boosting powers that increase the productivity of business infrastructure.