Investors care about where their money goes and how it gets there. It pays for them to be aware of all of the changes in the money markets – and be nimble enough to do it. Cars that don’t need to be driven by a person, computers that are learning at a rapid pace – AI for business is exciting. Which is why artificial intelligence is getting a lot of attention.
Many companies are hedging their bets and implementing AI for business and robots in many aspects of what they do. Here are a couple of interesting reasons why.
AI for business: the factors to consider
AI is worth big bucks
Maybe this isn’t such a surprising fact? But a report from PwC has estimated that artificial intelligence will be worth somewhere in the region of $15.7 trillion by 2030. Because the services, speed and accuracy are (in most cases) superior to humans, there can be a sharp rise in investment revenue and returns.
What you currently buy
Investors of Amazon were made aware that people were being shown product suggestions using a learning machine. It recommends products to you based on what you have looked, previously purchased and even searched for. It even knows which deals you are most likely to purchase.
We’re still smarter
But only just, and probably not for long. When you take a deep dive into deep-learning machines, and bitcoin mining machines you’ll find that they are learning and working faster than we do. It is predicted that by 2065, AI will probably start performing everything that we can do, and better then we do too.
$127 Billion
You have probably seen self-driving cars by now, and by 2027 they predict the market will be worth $127 billion. The fact is that AI tech is essential to making the car work. NVIDIA created the Drive PX Pegasus specifically to manage the driverless cars. NVIDIA says “Autonomous vehicles will transform the way we live, work, and play, creating safer and more efficient roads.”
It is more than just AI for business
The words artificial intelligence and the use of AI for business is a bit of an umbrella term. It covers deep learning, deep interference, machine learning, investing robots, and even your smart home setup works on artificial intelligence. Machine learning is defined as “the practice of using algorithms to parse data, learn from it, and then make a determination or prediction about something in the world.” Which is incredible to think that a computer can do that, it can take information and ‘think’ – because a human-designed it to.
Conclusion
In general, AI is incredibly potent right now, and in the future, we are going to see some massive changes. In fact, you might want to get a jump on it and invest in some AI tech corps right now. As the tech becomes more affordable and more companies purchase and produce using it, you’ll see a rise is suppliers and demand too.
