Explainable AI - What Is It And Why Do We Need It?

"By far, the greatest danger of Artificial Intelligence is that people conclude too early that they understand it." Today, AI is an indispensable part of our daily lives. To define it scientifically, it is the field of study of "intelligent agents"; any device that can mimic a human task, perceive its environment, and takes actions that maximize its chance of successfully achieving its goals. AI has helped numerous industries develop novel approaches to solve challenging problems. While all this is enthralling, there is a catch, the black box dilemma.