If you are looking for an answer to the question What is Artificial Intelligence? and you only have a minute, then here's the definition the Association for the Advancement of Artificial Intelligence offers on its home page: "the scientific understanding of the mechanisms underlying thought and intelligent behavior and their embodiment in machines."
However, if you are fortunate enough to have more than a minute, then please get ready to embark upon an exciting journey exploring AI (but beware, it could last a lifetime) …
TechRepublic's Karen Roby talked with Greg Douglas of Accenture, an artificial intelligence (AI) company, about the myths surrounding scaling AI. The following is an edited transcript of their conversation. Karen Roby: As the pandemic continues, many companies are looking to scale AI projects, and there are a lot of myths out there about how you actually take this technology to scale. You guys have put together a really interesting study that looked at a real cross section when it comes to AI. Let's talk a little bit about the most important findings and what really jumped out to you from this study. Greg Douglas: We interviewed 1,500 executives across 16 different industries around the world, so a really vast survey, to see where our clients and where companies were at in terms of scaling and deploying artificial intelligence.
AI has been with us in one form or another for over 60 years and yet it seems to be more misunderstood today than ever. Venture capital investment in AI now tops $3 billion annually, and the number of active startups in the U.S. that are developing AI technologies has gone up by a factor of 14 since 2000. A huge number of consumer products are now being built with AI, from smartphones that understand what we say to smart dolls that can understand how your child feels. But in the enterprise, the sentiment surrounding AI still seems to stress caution. First-movers aside, executives are hesitant to implement AI and machine learning systems in their organization and that's if they even understand the difference between the two.