AI benefits are being delayed by lack of skills and data

Artificial intelligence has become a well-recognised and frequently used buzzword. However, it means different things in different situations and as such can be tricky to define. Whilst most people think of AI as a technology in its own right, it's actually more of a general term used to refer to a number of different technologies that enable systems to act intelligently. When it comes to business applications, AI can support intelligent functionality by helping a system to sense, understand, perform and learn. A system that has been trained using machine learning or deep learning can assess how to act by analysing data, rather than relying on prescriptive, hard-coded actions.