You have probably heard a lot of talk about artificial intelligence (AI) in the last couple of years. Scientists and engineers have been trying to make computers that can mimic the human brain ever since World War II, 1943 to be exact. Despite more than 70 years of investment in it and the great advancements achieved, we are not yet where we would like to be.
AI technology, however, has come a long way since the beginning. Today, many established businesses and startups rely on this technology for their daily operations.
What Types Of Artificial Intelligence Are Out There?
There are two types of recognized AI in the world: artificial general intelligence and narrow AI. The latter is pre-programmed for particular tasks, while the former manages to find solutions to tasks that are unfamiliar. General AI, also known as strong artificial intelligence, is what the majority is striving for. This would allow computers to replicate humans behaviors and learning patterns.
While AI technology has gone pretty far and can do certain things better than humans, there’s still a lot of room for improvement and future development. As a matter of fact, we expect this technology to grow by 120%-140% each year until 2025. Although exciting as to where all this could take us, there are many skeptics out there.70% of people still fear what AI could do to our day to day activities. Like many other things, however, fear is driven by a limit in understanding what the technology could do. The same research showed that 70% of surveyed people thought they understood what AI is about, however, more than half didn’t know that AI can solve problems.
What Can Artificial Intelligence Do?
There are many different ways to implement AI in our daily lives. For example, computers can replicate simple and repetitive tasks in a more efficient way as opposed to humans, just by implementing a simple algorithm. With AI, we can also expect computers to learn and change behaviors without the need for additional programming.
Businesses are especially interested in the development of AI. These advanced machines could replace human workers by around 38% in the next 10 years. It can also prevent cyber attacks and help avoid car accidents, saving thousands of lives.
In the latest years, we have also seen how many digital businesses have implemented AI-powered chatbots to improve online customer experience. However, this is just part of it, as many startups adopt AI to also enhance the conversion funnel.
The future sees implementations of this technology across several business functions, adapting to the way users interact with other existing technologies. By 2020, for example, 30% of web browsing will occur without the user interacting with the screen. The below infographic gives more details on what’s to come in 2019 with AI.