Demystifying Artificial Intelligence!

According to a study by McKinsey Global Institute, AI is estimated to create an additional 13 trillion US dollars of value annually by the year 2030. Even today the artificial intelligence technologies are generating a tremendous amount of revenue, but it is mostly in the software field. However, by 2030, the revenue that will be generated will be outside the software industry, especially in sectors such as retail, travel, transportation, automotive, materials, manufacturing, and so on. There are several areas where AI will be highly impactful, but there is a lot of unnecessary hype surrounding it as well. Goldilocks Rule of AI states that one should not be optimistic or too pessimistic about AI technology.