A Look at the Current Status of Artificial Intelligence

Artificial Intelligence (AI) is nowadays the most trending topic in IT and data science. A significant number of data scientists focus on the development of AI systems such as Machine Learning and Natural Language Processing. At the same time, there is huge demand for AI systems and applications in almost every sector of the economy, including for example finance, manufacturing, defense, security and healthcare. In this context, there is however much confusion between true AI systems and systems that claim to support AI as a marketing buzzword. In simple terms, AI is defined as the capability of machines to imitate intelligent human behavior and solving problems much in the same way humans do.