It might be easier to state what part of our modern society artificial intelligence (AI) hasn’t touched to show how important it is to our daily lives, business operations and society. Intelligence machines are influencing nearly every facet of our lives to help improve efficiencies and augment our human capabilities. AI is so intertwined in all that we do; it's hard to imagine living life without it.
Put simply; artificial intelligence is when machines can learn and make decisions similarly to humans. There are many types of artificial intelligence including machine learning, where instead of being programmed what to think, machines can observe, analyse and learn from data and mistakes just like our human brains can. This technology is influencing consumer products and has led to significant breakthroughs in healthcare and physics as well as altered industries as diverse as manufacturing, finance and retail. In part due to the tremendous amount of data we generate every day and the computing power available, artificial intelligence has exploded in recent years. We might still be years away from generalised AI—when a machine can do anything a human brain can do—, but AI in its current form is still an essential part of our world.
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