Getting on the AI learning curve
AI is likely to become one of the most important technologies of our era After decades of promise and hype, AI is now seemingly everywhere. Over the past several years, the necessary ingredients have come together to propel AI beyond the research labs into the marketplace: Powerful, inexpensive computer technologies; huge amounts of data; and advanced algorithms including machine learning. While AI is likely to become one of the most important technologies of our era, we’re still in the early stages of deployment, especially outside leading-edge technology companies. But, as AI continues its rapid progress, it’s not too early to ask a few important questions: What is AI’s overall value to the economy? What are the biggest application opportunities? What are AI’s most serious challenges and limitations? ALSO READ: How artificial intelligence is changing the retail game in Indian market To address these questions, McKinsey recently published a paper on the mark...