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From SIRI to self-driving cars, artificial intelligence (AI) is progressing rapidly. While science fiction often portrays AI as robots with human-like characteristics, AI can encompass anything from Google's search algorithms to IBM's Watson to autonomous weapons.
There have been immense breakthroughs in the field of machine learning and deep learning. These concepts have allowed machines to process and analyse information themselves in a very sophisticated manner. Thanks to these AI developments; machines can now perform complex functions such as facial recognition, as opposed to simple patterns like it's RPA and machine learning predecessors.
Is the Time to Invest Now?
Right now, AI is being used for self-driving vehicles and voice translation. PwC estimates that AI will add around US$15.7 trillion to the global economy by 2030. The use cases of AI seem endless and investors should try to get on board sooner, rather than later.
To help bridge the gap between robots taking over the world(!) and the more relevant, timely and tangible opportunities AI provides, download the report below to explore how three early adopters of AI; UBank, Seek and Carsales.com, are harnessing the potential of AI to optimise efficiency, productivity and customer experience.
Interested in learning more? Join us at the 4th Artificial Intelligence Summit on the 13-14th August, in Sydney, and learn from the likes of Apple, Allianz, Gumtree, Macquarie Bank, Department of Human Services and more, as they address the opportunities, concerns and adoption of AI.