62% of in-house IT teams say they'll be using AI by 2018

Research from Narrative Science claims confusion over the definition of artificial intelligence is holding it back, although 62% of enterprise respondents believe it will be place by 2018. Although this is an encouraging statistic, the report also highlights there is confusion over the definition of the technology itself (Check out Narrative Science's explanation of the different facets of AI at the bottom of the story). These statistics more than anything else highlight confusion, and ignorance to the artificial intelligence technology which is already present in their day-to-day lives. From Siri on Apple devices to Amazon's recommended purchases or Facebook's content recommendations, AI has been drip feed into the real-world of technology with few people realizing its impact. The functions mentioned are AI at one of its simplest versions, though IBM has been making progress with its Watson offering moving into more complex arenas, such as medical diagnosis, building management and weather modelling systems. But what is the real potential of artificial intelligence?