As per a study, 91.5 percent of the firms are reported to have an interest in investing in artificial intelligence technology. Growth in the use of automation, 5G, databases, cloud computing, and much more are driving the demand for artificial intelligence. Various industries are incorporating AI in their processes to improve customer experience and business operations. Small and medium enterprises are utilizing this technology to optimize performance and functions at minimum costs. The ability of AI to detect cyber threats is anticipated to drive its integration in the cybersecurity services.

Artificial intelligence (AI) is rapidly making its way out of research laboratories and into the world of business. Industry leaders across hundreds of niches are harnessing its potential -- from call centers deploying chatbots to enhance customer interactions, to banks analyzing innumerable data points within seconds to detect fraudulent activities. While leading companies are leveraging this technology to make more informed business decisions through data and better predictions of customer behavior, customers are increasingly becoming accustomed to the use of AI as well. According to a recent survey, 51% of customers say their expectations of companies are now being influenced by AI. With the future of AI set to change the rules of business, here's what organizations need to know about preparing themselves for its impact to better reap its benefits.

Some great minds, including Elon Musk, are clearly worried about Artificial Intelligence (AI). With the recent innovations like Google's self-driving car, the Hong Kong metro automating its own maintenance and computers that are able to read human emotion, this fear is understandable. Technology is finally catching up to science fiction -- but business leaders who wait until humanoid robots are walking around to begin implementing AI in their business will have missed the boat and let their competitors eat their lunch. With so many new developments in AI, the conscientious business leader should be thinking about how AI will impact their business today. AI Is Already Here Sci-fi has us looking for the wrong signs for the "arrival" of AI (e.g.

Some great minds, including Elon Musk, are clearly worried about Artificial Intelligence (AI). With the recent innovations like Google's self-driving car, the Hong Kong metro automating its own maintenance and computers that are able to read human emotion, this fear is understandable. Technology is finally catching up to science fiction -- but business leaders who wait until humanoid robots are walking around to begin implementing AI in their business will have missed the boat and let their competitors eat their lunch. With so many new developments in AI, the conscientious business leader should be thinking about how AI will impact their business today. AI Is Already Here Sci-fi has us looking for the wrong signs for the "arrival" of AI (e.g.