By Madhav Sheth The current global spread of AI has helped businesses in significantly reducing inertia throughout their value chains. It has made it possible for the workforce to strive for newer skill sets and undertake complex responsibilities besides allowing them the freedom to make decisions faster and cooperatively improving customer experience.The application of AI in businesses has increased by 270% in just a few years. Reason- primarily to save money, which is quite evident. In fact, according to Pitchbook, venture capital investments in AI businesses totaled $1.37 billion in 2022, more than in the last five years. Investing in AI has enormous advantages for the public sector too, including federal, state, and municipal governments. AI has the ability to improve organisational productivity, cost control, and research advancement.

Artificial Intelligence has become so integrated into the technology stack that it goes largely unnoticed. When you take a picture with a newer iPhone, for instance, the phone collects a couple of frames and analyses it at the pixel level to identify what is in the scene and balance the exposure to produce a crisp, detailed final picture. All this happens in a fraction of the time it took you to read that sentence. Outside of turning you into a better photographer, AI is verifying your identity and enabling all the smart solutions that make your personal admin more convenient. There's an AI engine doing an instant credit assessment to approve your application in minutes.

Responsible artificial intelligence (AI) provides a framework for building trust in the AI solutions of an organisation, according to a report from Accenture. It is defined as the practice of designing, developing, and deploying AI with good intention to empower employees and businesses, and fairly impact customers and society. In turn, this allows companies to stimulate trust and scale AI with confidence. With technology starting to become commonplace, more organisations around the world are seeing the need to adopt responsible AI. For example, Microsoft relies on an AI, Ethics, and Effects in Engineering and Research (Aether) Committee to advise its leadership on the challenges and opportunities presented by AI innovations. Some of the elements the committee examines is how fairly AI systems treat people, the reliability and safety of AI systems, how AI systems empower employees to engage with one other, and how understandable AI systems are.

Artificial intelligence (AI) has become a part of our everyday conversation and lives. It is used when talking about smart and autonomous cars, in digital personal assistants like Siri and Alexa, and in video games. When it comes to incorporating AI into business technology there are obvious applications like business data analytics or customer service products. According to Brian Burke, chief of research at Gartner, AI is a mega-trend that the industry will continue to talk about for the next 20 years. Speaking at the 2018 Gartner Symposium/ITxpo, he said that AI is going to underlie pretty much everything that we do in technology.

The mention of the words Artificial Intelligence (AI) conjures up science fiction-like images in the minds of many people, but it is becoming a very real part of day to day life without us even realising it. AI is and has been making a lasting impression on a number of key industries, not only streamlining otherwise tedious processes but also changing the way business is conducted on a much larger scale. AI will likely be used predominantly to take the labour out of admin during the early stages of implementation, taking over things like grading assignments, recording marks, and any other computational tasks where machines could surpass people. The human element, however, will remain a constant in the form of teachers who will have greater freedom to focus on students' individual needs and finding ways to fill gaps in learning. Most notably AI is used to mark multiple-choice tests, but advancements in machine learning could soon enable it to evaluate and efficiently mark written responses.

A world built from accessible assets that drive human convenience and interaction. This is the future that's powered by the Internet of Things (IoT) and artificial intelligence (AI), two of the planet's hottest topic trends right now for a very good reason. They are also the fuel driving digital transformation in 2019. These are the technologies revolutionising performance, process and productivity. They are also transforming industry challenges across agriculture, retail, health and the public sector and are set to continue on this path well into 2019.