Has artificial intelligence (AI) really lived up to the hype?


Regardless of the industry you work in, you've no doubt heard about artificial intelligence (AI) and its potential in changing the world around us. The technology has been a source of debate in the private and public sectors for more than 50 years, and yet it has only been in the last decade that we've begun to really see momentum build in the AI space. But what actually is AI? Leaving the jargon to one side, it should simply be understood as the use of computer systems to perform tasks that would normally require human intelligence. To date, there has been some significant progress made in the adoption of AI technologies, with industries from financial services to healthcare demonstrating a keen willingness to use AI to their advantage. At the same time, investment has been pouring in at unprecedented levels; investment into UK AI businesses alone now exceeds £3.8 billion according to Big Innovation Centre and Deep Knowledge Analytics.

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