Since the term artificial intelligence was coined in 1956 by John MacCarthy, an abundance of innovations and improvements have been considered under this definition. A series of refinements in advanced technologies have been part of their own AI journey.
It was considered that at some time, AI would become the most dominant field in the industry. IBM Watson, Apple SIRI, Amazon Alexa and Google AI-fueled those assumptions to becoming a reality. We have observed the rise of Artificial intelligence as the major and the most dominant need of the industry from 2013, and since then, an adverting prophecy finally began to evidence itself as becoming true.
A recent survey conducted by the RELX Group confirmed that we are living in the golden age of artificial intelligence. A dramatic adoption has been observed by the industry, showcasing a keen interest in the improvements of traditional systems, from 48% in 2018 to 72% in 2019. It has been considered that more than 93% of modern technologies are completely based on AI or ML. It is also believed that by implementing or updating architecture to AI-based systems, the organisation of product developments, optimisation and control could be vastly enhanced.
A fearful prediction of losing man-power after inducing AI in business firms has been rejected as well, in response to the claim that it will help to create more jobs for humans. With an increase in hiring to around 54%, various organisations were able to implement more advanced AI strategies.
OrganisationsOrganisations are actively pursuing the education of artificial intelligence. They are also seeking out university partnerships to fund new AI start-ups and increase diversity and man force to their co-corporations. It has been found that in some businesses, 93% of executives suggested AI training as a beneficial tool, while 62% of organisations claimed that they are being offered AI training currently.
The future is all AI-driven where humans might not be making decisions of business strategies or growth. Instead, computers around us will be making decisions on our behalf based on our own emotions or personality traits. It is not a wrong time to call it a golden age of Artificial intelligence and we are continuing to learn and grow from these new advances in the technology world.
Muhammad Nadeem Jahangir
