Artificial Intelligence Impacts Business: the AI-Business Revolution - Datamation

Artificial intelligence and business, it seems, is a marriage that is all but inevitable. Artificial intelligence is intelligence built into computing systems, or as MIT professor Marvin Minsky put it, "the science of making machines do those things that would be considered intelligent if they were done by people." In sum, this concept of extending the "intelligence" of systems is the core of how AI enables critical advantage for businesses. People use it every day in their personal and professional lives. What is new is are new business offerings thanks to two major factors: 1) a massive increase in computer processing speeds at reasonable costs, and 2) massive amounts of rich data for mining and analysis.