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) …
We all know about the paradigm-changing use of AI for Netflix recommendations, chatbots that impersonate customer service agents online, and the dynamic pricing of hotel rooms. Such efforts are the value creation engines of countless large, successful companies. But organisations can also adopt a decidedly less splashy and, at face value, more pedestrian use of AI--to process documents faster and simplify operational procedures. Although this use is aimed at reducing costs rather than transforming industries, 'boring AI' is actually quite exciting--because it confronts issues that all companies wrestle with, and because the gains in productivity are real. Recent research by PwC on automating analytics found that even the most rudimentary AI-based extraction techniques can save businesses 30–40% of the hours typically spent on such processes.
People are vital from one business to another. It's strange how the notion continues to persist, even though a massive number of human jobs are being broken down into hundreds of mini-tasks in a manner where machines can be made to do the same. The intersection of the human resource concept (people at the core of the business) and the artificial intelligence concept (machines as smart as humans) creates fascinating possibilities, both positive and negative! In this guide, we are going to focus on the positive -- the tremendous improvements artificial intelligence can bring in to a crucial human resources responsibility -- hiring people. Yes, in your next job, you may be hired by AI.