Artificial Intelligence (AI) seems to be everywhere, at home, on our phones. It has been implemented across all industries and business functions creating unprecedented efficiencies in human productivity and real value in business. But we will see a Third Wave of AI and that is game changing because it has the potential to automate almost any repetitive manual task. It can learn from, explain complex statistical patterns and can teach humans what it learns.
A confluence of developments is driving the new wave of AI. Computer power is growing, algorithms and AI models are becoming more sophisticated, and, perhaps most important of all, the world is generating once-unimaginable volumes of the fuel that powers AI-data. Billions of gigabytes every day, collected by networked devices ranging from web browsers to turbine sensors.