Beyond the hype: How can we take full advantage of the AI revolution?

What do I mean by the Artificial Intelligence (AI) revolution? With all the AI hype, it is worth explaining it again from my point of view. Coined by Stanford University researcher John McCarthy, AI is the ability of a machine or a computer to think and learn – and therefore act in ways that are smart. The broad concept or idea here is to build machines capable of thinking, acting and learning like humans. In the past decade, AI has been cited as one of the transformative technologies that have made big strides in many industries including retail, healthcare, banking and finance, agriculture, manufacturing, travel and entertainment, education, public administration and many more.