Artificial Intelligence: What it is and why it matters?

"In 1998, Tata Motors' tryst with destiny in the passenger car business began with the launch of Indica. Despite all the attention, Indica failed to sizzle, with sales falling 20% the next year as customers complained that the car was rolled out despite glitches. Tata Motors carried out a survey to identify the problems, and discovered that the components being procured from Tier 1 and Tier 2 suppliers were of sub-standard quality. Amit Bhingurde, chief operations officer, TAL Manufacturing Solutions, a Tata Motors subsidiary, explains the reason: 'The manufacturers were not able to produce high quality components as they couldn't afford automation'." The need of automation is the result of today's phenomenon - Artificial Intelligence.