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Artificial Intelligence (AI): Igniting Technological Change Many Times Faster Than the Industrial Revolution
Technological change is happening faster now than any other time in history. “Compared with the Industrial Revolution, we estimate that this change is happening ten times faster and at 300 times the scale, or roughly 3,000 times the impact,” said a McKinsey Global Institute report.
Artificial Intelligence (AI) and Deep Learning are two of the trends that are accelerating the change. Gartner lists AI as the number one technology trend in 2017 and says that it will become the “next battleground through 2020” for companies like Google, Microsoft and IBM all fiercely competing.
Research by Tractica predicts the following trends for AI:
- Deep Learning will be the most important type of AI technology
- AI will impact almost every industry
- Professional services will be an emerging opportunity for AI
- AI will have a long-tail ecosystem of niche products
The Tractica report found that “AI is expected to bring massive shifts in how people perceive and interact with technology, with machines performing a wider range of tasks, in many cases doing a better job than humans.”