What is AI in business and why does it matter?

Nearly 70 years since Alan Turing posed the question "Can machines think?" artificial intelligence (AI) is finally beginning to have an impact on the global economy. Proponents of AI believe that it has the potential to transform the world as we know it. So what is AI in business and what are the main themes? Within the AI industry, there are seven key technology categories: machine learning, data science, conversational platforms, computer vision, AI chips, smart robots and context-aware computing. Machine learning (ML) is an application of AI that gives computer systems the ability to learn and improve from data without being explicitly programmed.