The AI revolution

AI is changing the world as we know it

Artificial intelligence is changing the world as we know it. It is part of the Fourth Industrial Revolution, together with nanotechnology, robotics, the IoT, and many other tech trends.
The most powerful countries in the world are jumping on the bandwagon of artificial intelligence, increasing their investments in this field. Similarly, the largest global companies are working hard to come up with revolutionary AI solutions that will get them ahead of the curve.

AI is already transforming many industries

This type of machine intelligence is evident in the speech and language recognition of the Siri virtual assistant, on the Apple iPhone, in the vision-recognition systems on self-driving cars, and in the recommendation engines that suggest products you might like based on what you bought in the past.

There are a vast number of emerging applications for narrow AI such as: interpreting video feeds from drones carrying out visual inspections of infrastructure such as oil pipelines, organizing personal and business calendars, responding to simple customer-service queries, coordinating with other intelligent systems to carry out tasks like booking a hotel at a suitable time and location, helping radiologists to spot potential tumors in X-rays, flagging inappropriate content online, detecting wear and tear in elevators from data gathered by IoT devices. The largest global companies are working hard to come up with revolutionary AI solutions that will get them ahead of the curve. From automotive to construction industry to medicine and Web search different aspects of AI are improving our everyday lives.

AI software market is skyrocketing

When it comes to figures regarding the current trends in artificial intelligence one of the most astonishing projections is that the AI software market will grow dramatically. Further businesses that use the insights obtained via AI are projected to overtake trillions from their rivals due to the enhanced data analysis. CEOs are already relying on artificial intelligence to analyze the market and find better opportunities for their companies. Business owners and companies will need to find the best way to utilize the benefits from AI and make it work for general wellbeing.

Internally, each of the tech giants and others such as Facebook use AI to help drive myriad public services serving search results offering recommendations recognizing people and things in photos on-demand translation spotting spam the list is extensive. Since Watson win perhaps the most famous demonstration of the efficacy of machine-learning systems was the triumph of the Google DeepMind AlphaGo AI over a human grandmaster in Go an ancient Chinese game whose complexity stumped computers for decades.

AI is not a fantasy anymore, it is a new tool that’s changing the way we live and work, and opening new business opportunities. How far are you into integrating this technology in your business?