The global market for AI is projected to grow to a value of $89.8 billion by 2025, according to Statista. When you consider figures like that, it's easy to see how AI could transform the future of work. Artificial intelligence has the power to affect everything that we do. Already, it's changing the way that we order products, manage our home, and gather information. According to the World Economic Forum, AI machines handled about 29% of the tasks across 12 industries in 2018.
Key players and experts from the artificial intelligence realm gathered in Dubai on Wednesday at the start of Artelligence - The Artificial Intelligence Forum 2018 - to discuss various topics surrounding the technology and how societies can benefit from it. AI investments in the UAE is expected to hit Dh33 billion in 2017, with the figure growing over 70 per cent over the past 3 years. Business Insider says the government would be using AI to account for around 50 per cent savings in costs. "You need to get your feet wet with AI," Wesam Lootah, chief executive officer of Smart Dubai Government, said in his keynote speech. "AI is not something for tomorrow; it's available today.
Chatbots are computer programs that are purposed to offer auditory services. They are governed by a set of rules and artificial intelligence which establish a friendly human interface to chat, answer questions and other functionalities. As a result, individuals and enterprises acquire unlimited benefits, including revolutionizing customer service space.