AI vs. Machine Learning: Their Differences and Impacts

Just the words can bring up visions of decision-making computers that are replacing whole departments and divisions--a future many companies believe is too far away to warrant investment. But the reality is, AI is here, and here to stay. And particularly at the enterprise level, a growing number of companies are tuning in to the productivity and promise of machines that can think for themselves. In fact, a recent study by McKinsey showed that by 2019, venture capital investment in AI had already topped $18.5 billion. And IDC predicted that by 2023, global spending on AI and Machine Learning solutions will reach nearly $98 billion. All this development promises to have a tremendous impact on every corner of industry.