The Growing Role Of Artificial Intelligence In Business

Artificial Intelligence (AI) has become the semiconductor equivalent of software -- pervasive, intangible, and capable of transforming the fiber of society and business. It is integrated into a growing number of applications and systems today in a manner that is both seamless and transformational. From Amazon's Alexa to self-driving vehicles, the development of AI has been revolutionary to the point that it seems to mimic human features, intelligence, and behavior. Although experts and scientists have warned against the dangers and hazards associated with highly mature AI machines, the market is expected to expand rapidly. According to Forbes, AI is a strategic priority of 83% of businesses today and is expected to drive global sales from nearly $8 billion in 2016 to more than $47 billion by 2020.