Per CB Insights, a record $6.5B of capital has been deployed across 650+ investment deals in 2017, already surpassing the $5.7B deployed across almost 1,000 deals in all of 2016. Affordable, massive scale, cloud computing combined with significant improvements in algorithm optimization are enabling unprecedented advances in AI. As the pace of innovation continues to exponentially accelerate, there is no time to waste when it comes to adding AI talent and capabilities into your line of business. Operations management, finance, production, human resources, customer service, marketing and sales leaders, all need to be evaluating how they can augment human intelligence with AI.
AI: The Core of Digital Transformation
What is AI? It is the development of computer systems able to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages. Within AI, there are numerous technologies such as natural language processing (NLP), natural language generation (NLG), machine learning, deep learning, and text analytics. Currently machine learning is one of the largest, fastest growing areas of AI.