Frustration and “inflated expectations” confront many business managers who try to adopt artificial intelligence (AI) into their operations, according to MIT Technology Review. “Despite what you might hear about AI sweeping the world, people in a wide range of industries say the technology is tricky to deploy. It can be costly. And the initial payoff is often modest,” reports the Review. So what does it take for AI to be successful?
Facebook, Twitter, LinkedIn, Microsoft, Strava and Soundcloud are among the major online companies that announced plans to update their terms and conditions to comply with a new privacy law out of the European Union (EU). How will the new regulations work?
Artificial Intelligence promises to be an important strategy for nonprofit organizations. It can help engage with more people where they are and in a more meaningful way. Furthermore, voice-fundraising will make it virtually effortless (pun intended) for people to support a cause at the very moment when and where they are moved to give. Some early adopters have already starting using voice-activated technology.
Even though Alexa may have been programmed to have the ability to provide pithy comebacks, AI is still in its infancy, but expected to surge over the next few years. According to a new report from Tractica, interest in implementing AI systems is growing among companies and institutions around the world, and the revenue generated from the direct and indirect application of AI software is predicted to grow from $1.4 billion in 2016 to $59.8 billion by 2025.... But what exactly is Artificial Intelligence, anyway?