Constructech: AI in Your Future? - News

Artificial intelligence is no longer a dream, but simply not yet the nightmare that some have predicted. Although the term AI--otherwise known as artificial intelligence--is used in many different areas, it doesn't really have an agreed upon definition. Some use AI to describe AGI (artificial general intelligence), an intelligence capable of completing a wide range of tasks like human intelligence, while others use AI to describe narrow AI, an AI that can perform a single task or a few tasks with high competence. Despite significant hype, most companies still struggle with how to successfully integrate AI into their businesses, according to a Lux Research report on the state of AI and how companies can improve decision-making around AI. The report, "Artificial Intelligence: A Framework to Identify Challenges and Guide Successful Outcomes," cautions against investing too early in applications that require more advanced AI capabilities, as they are often too immature and untested.