Artificial Intelligence is the fourth industrial revolution Lexology

Artificial Intelligence (AI) is able to impact almost everything in much the same way electricity did in the early 1900s by replacing steam powered machines. For example, AI can transform FinTech, healthcare, logistics, search engines, etc. The obvious advantages of AI are that errors are reduced, repetitive one second human thought tasks are replaceable (e.g. is that a dog or cat in the photo), scalability and continuous operation. AI is also able to surpass human level capability such as quickly deriving insights from large volumes of data. The benefits to the user include more personalised service (e.g. more targeted advertising to increase sales) and feedback on user behaviour for R&D teams to develop new products/services or improve existing products/services.