Understanding the implications of AI and machine learning

When you consider the dominant trends in information technology, they don't come much bigger than artificial intelligence (AI) and machine learning (ML). Both undergoing rapid development, they have the potential to reshape many areas of both business and daily life. Analyst company IDC forecasts that revenues from AI and ML systems will total (US) $46 billion by 2020. Specifically in Australia, Forrester predicts the AI market to be worth AU$2bn. The potential of these technologies are so vast that even the Australian government is investing in AI and ML. In its recent Budget 2018-19 announcement, the government has committed to invest AU$29.9 million over four years in AI and ML.