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Artificial Intelligence Is Emerging As The Hottest Tech Field

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Artificial Intelligence (AI) has become currently the hottest tech buzzword for a very good reason. In fact, a number of technologies previously seen only in science fiction have already transformed into reality in the last few years. Tech experts consider now artificial intelligence as a crucial factor of production with great potential to change the way we work and to introduce new sources of growth. Artificial intelligence has multiple applications across various industries.

The report How AI Boosts Industry Profits and Innovations predicts by 2035 an economic growth increase by around 1.7 percent across 16 different industries. By 2035, labor productivity could increase by 40 percent or more due to AI technologies. In 12 developed nations the economic growth could double if they keep drawing experienced and talented AI professionals.

Definition of Artificial Intelligence

Artificial Intelligence is a method of making a software, a computer controlled robot or a computer intelligently think in a similar manner to the human mind. AI can be achieved by analyzing the cognitive process and studying the patterns of the human brain. These studies have the outcome of developing intelligent systems and software. The goals of artificial intelligence are extended by researchers extend the to the following:

  1. Logical Reasoning
  2. Knowledge Representation
  3. Planning and Navigation.
  4. Natural Language Processing
  5. Perception
  6. Emergent Intelligence

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