4 Areas to Watch When Implementing Machine Learning

Artificial intelligence is spearheading the Fourth Industrial Revolution, the latest era of technological advancement. The growing appeal and utility of machine learning-based systems is undeniable. As Christina Pazzanese wrote in the Harvard Gazette in October 2020, "Worldwide business spending on AI is expected to hit $50 billion this year and $110 billion annually by 2024 ... according to a forecast released in August by technology research firm IDC .... The company expects the media industry and federal and central governments will invest most heavily between 2018 and 2023 and predicts that AI will be'the disrupting influence changing entire industries over the next decade.'" However, as AI becomes more prevalent, we need to consider its potential effects on society and organizations, as well as people.