It seems everyone is talking about the rise of artificial intelligence (AI). AI and its many forms — cognitive computing, machine learning, deep learning, analytics — seemed poised to take over the operations of every organizations from top to bottom. But beyond the dreamy — and indeed, dark — visions of machines running the day-to-day affairs of today’s businesses. how much is grounded in reality?
Dr. Irving Wladawsky-Berger, a former IBM leader and well-regarded tech evangelist, recently tackled this question, pointing to one key benefit AI provides businesses: predictions. At its heart, AI is a prediction technology, and that’s where it will make its mark on companies’ bottom lines. As Wladawsky-Berger explains, data-driven predictions are seen in a variety of roles from “estimating the credit-worthiness of a mortgage applicant” to “economic performance and intelligence assessments.”