The value of artificial intelligence in business - Information Age

AI has become such a huge topic that late last year the White House released a report on the Future of Artificial Intelligence, which focused on the opportunities, considerations, and challenges of AI. As more and more industries, including healthcare and financial services, adopt AI technology, the technology's value will increase its impact on society as a whole. AI, machine learning and other technologies are already making a significant impact in several industries, including e-commerce, hospitality, and retail. While there has always been a slight tension among workers about robots taking over and claiming jobs, there is a lot to be said about how these types of technologies will, in fact, add more value, contribute to economic growth and augment the workplace so employees can work more effectively. It starts with the huge volumes of contracts that define business relationships, capture the rules of engagement and are the foundation of business transactions every day.