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• AI gets most out of data : When the algorithms are self learning,
data becomes the intellectual property. The answers are in the data.
You apply AI to get the answers out from data. (Role of data is now
more important than ever.)
• Speed of AI implementation: AI technologies are being introduced at
incredibly fast pace.
• Potential impact on society: It is hard to imagine the number of
things that AI will be able to improve, transform or create as we begin
to apply to so many different areas of life.
• AI being prioritized today by every large technology company
Why is AI important today?(contd…)
• More times than any other field of innovation, AI has gone through
recurring cycles of overinflated hype followed by disappointment,
pessimism and funding cutbacks.
• AI winters truly a thing of the past thanks to incredible computing power
and huge amounts of data now available to train neural networks.
• Example real world application enabled by this shift are image recognition
and chatbots.
• AI research is now focussed on core advances that will make AI more useful
and reliable across industries
• The term AI was coined nearly 70 years ago ( 1956)
What has made AI feasible today ? (contd..)
• Type 1
A. Narrow/Weak AI : AI focused on one narrow task ( example : a
poker game where a machine beats a human being . All rules and
moves of the game are fed to the machine. Each and every possible
scenario in entered before hand, manually)
B. Strong AI : Machine that can actually think and perform tasks
on its own just like a human being . No machine as of now which can
do this. Some industry leaders are keen on getting closer to build a
strong AI.
Types of AI – Contd…