Not Yet Skynet – The Past, Present, and Future of Artificial Intelligence

Artificial intelligence is here, and it's being put to work across all manner of industries and applications. While the technology still has someway to go before we see machines capable of true independent thought and decision-making, what we do have is sending waves through the business world. While only 23 percent of businesses have incorporated the technology into the products and services they offer right now, a massive 83 percent have named AI as a strategic priority for the near future. Global spending on cognitive and AI systems is estimated to reach $57.6 billion in 2021 and the AI market is set to grow to become a $190 billion industry by 2025. What are the benefits of AI to businesses according to industry experts?