1) Artificial intelligence is the single biggest technology revolution the world has ever seen. It allows machines to sense, comprehend, act, and learn autonomously like humans.
2) There are common concerns about AI related to job losses, inclusion and diversity, lack of transparency, and ethical issues. Responsible AI focuses on keeping humans at the center and complying with regulations and ethical standards.
3) Companies can begin their AI journey by using it to intelligently automate processes, enhance human judgement, improve interactions, create new intelligent products, and build trust through responsible use. Illustrative examples show AI can significantly increase enterprise value over 10 years.
Sense: Language, Vision, and Sound recognition. Examples of physical (LIDAR sensors in vehicles) and virtual world (e.g., video feed). Aspects of speech recognition, natural language processing, emotion detection, language translation, machine vision, face recognition. Neural Networks are used during training to improve the models – and refine the models – to be more accurate.
Comprehend: Make logical inferences and analyze information based on a given knowledge base and rules to draw logical conclusions. For an autonomous vehicle, the radar and visual sensors can identify signs, and the knowledge allows the AI to know what the sign means (e.g., speed limit is 35mph).
Act: Takes action, can be to communicate back a response, control physical actuators, control virtual actuators. Example is the autonomous vehicle acting based on the speed limit to slow the vehicle.
Learn: the initial learning is based on training the AI to improve – usually based on training data. A set of information that is structured for the AI to adjust underlying machine learning algorithms to where it can validate the results to obtain the most accurate model (based on the rules provided). For handwriting recognition, the neural network can incorporate the pixels to develop a model that can be accurate 95%. Meaning that the it can accurately identify the letters written – this training is done without human involvement.
Us auto industry today is $60b
Low Barriers to Entry: Open source capabilities, the quick adoption of AI capabilities from APIs/Products, will increase the adoption of AI solutions that can drive significant value to an organization. The competition will building solutions, changing the nature of competition
The exponential aspects of AI, the ability to increase performance as cost decreases, and learn/improve based on regular use/improvement from data, has made the strategy of being a fast follower potentially outdated. High performing organizations are adopting AI solutions (e.g., Google) and are using in their products today. It will be difficult to catch-up if the investment doesn’t begin today.
From Tech Vision
Trend prediction - in 5 years more than 50% of customers will pick services based on the AI instead of the traditional brand
Accenture Technology Vision 2017 Survey of more than 5,400 IT and business executives, 79% agree that AI will help accelerate technology adoption throughout their organizations.
85% of executives we surveyed report they will invest extensively in AI-related technologies over the next three years.