The world is being changed by the ubiquity and power of the microprocessor and software in all forms (operating systems, middle-ware, applications) in enterprises, or consumers on the go. Technology also just keeps becoming less expensive, more powerful and more available, allowing powerful functionality that we could dream of just a decade ago, but had no hope in hell of implementing. So now enters AI (Artificial Intelligence).
AI is the next leap in the use of computing and technology giving businesses the ability to make smarter decisions, faster, leading to more customer and market responsiveness and improved competitiveness.
Speed is very important. So is accuracy. So is customer relevance. You can enhance all of these for your business by deploying the relevant type of Artificial Intelligence (AI). As the CIO, you are sitting at the hot hot intersection of using AI and computing for these advantages.
So what is AI?
Did you ever use voice-powered personal assistants like Siri and Alexa? These are great early examples.
Have you seen autonomously-powered self-driving vehicles which use all manner of sensors (you can see them on their bodies) that deliver powerful predictive capabilities, from emergency braking to prevent hitting a pedestrian to warning you when you drift out of your driving lane. Here are 10 examples of AI.
Here’s a version of the definition of AI for business:
The art of utilizing algorithms and analytical techniques applied to all kinds of data received from a variety of inputs, e.g. sensors (visual, voice, audio, proximity, electrical, chemical..) to automate actions, improve insights and speed up decisions and execution to drive business success; more growth and business profits from better and faster actions.