Artificial Intelligence Technologies Driving Four Key Technology Market Applications

Artificial intelligence (AI) is disrupting technologies, markets and applications everywhere. But what does it really mean? Professors Andreas Kaplan and Michael Haenlein defined AI as "a system's ability to correctly interpret external data, to learn from such data, and to use those learnings to achieve specific goals and tasks through flexible adaptation." AI's ascendancy has been made possible by exponential advances in computing power and the proliferation of devices capturing quantum of data. During this pandemic, we have a new appreciation for the international exchange of information about the spread of COVID-19, and the artificial intelligence technologies that are powering models about the spread and how to control it are critical to human survival.