Date: 10-02-2019
Source: The Wall Street Journal By Irving Wladawsky-Berger
Artificial Intelligence is seemingly everywhere. In the past few years, the necessary ingredients have finally come together to propel AI beyond early adopters to a broader marketplace: powerful, inexpensive computer technologies; advanced algorithms; and huge amounts of data on almost any subject. Newspapers and magazines are full of articles about the latest advances in machine learning and related AI technologies.
Two recent reports concluded that, over the next few decades, AI will be the biggest commercial opportunity for companies and nations. AI advances have the potential to increase global GDP by up to 14% between now and 2030, the equivalent of an additional $14 to 15 trillion contribution to the world’s economy, and an annual average contribution to productivity growth of about 1.2 percent.
Over time, AI could become a transformative, general purpose technology like the steam engine, electricity, and the internet. AI marketplace adoption will likely follow a typical S curve pattern with a relatively slow start in the early years, followed by a steep acceleration as the technology matures and firms learn how to best leverage AI for business value. Den Rest des Beitrags lesen »