For those of us from non-tech industries, ChatGPT’s introduction a few months ago was the biggest trigger for our AIspeak.
One of the common myths that AI is simply just automation + data, probably trivialises a field that has rich history, a rapidly evolving present, and a future with impossible possibilities and plausibilities. The concept of artificial intelligence has been around for over half a century. It originated in the 1950s when pioneers like Alan Turing and John McCarthy began exploring the idea of creating machines that could simulate human intelligence.
Early AI systems were rule-based and had limited capabilities, but they sparked a fascination with the potential of machines to mimic human cognition. Over the ensuing decades, AI underwent significant advancements. Expert systems, neural networks, and machine learning algorithms emerged, each contributing to the field’s growth. Artificial Intelligence started to excel in areas like game playing, language processing, and data analysis. However, its widespread adoption remained limited due to computational constraints and the absence of vast datasets.
The turning point came in recent years with the explosion of data and computing power. The availability of vast amounts of data, combined with more power ful processors and improved algorithms, allowed AI systems to surpass human capabilities in tasks such as image recognition and natural language understanding. This data-centric approach has indeed been a crucial component of AI’s recent success.
”Is AI just Automation + Data? That’s like saying humans are just bones + flesh. Sure, it’s an essential part, but there’s a whole lot of magic happening in the brain circuits!”
Denne historien er fra 21 October 2023-utgaven av BW Businessworld.
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Denne historien er fra 21 October 2023-utgaven av BW Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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'Committed to helping India achieve carbon neutrality'
R. Purushothaman on how Danfoss India, part of Danish MNC, is supporting the nation's carbon neutrality goals with innovative products
INTELLECTUAL DEPTH & ACTIONABLE INSIGHTS
Anil K. Khandelwal is a transformational leader, who invites readers to rethink leadership as a journey rather than a destination. In The Gym of Leadership, he emphasises that helmsmanship is not a badge of authority but a commitment to creating a positive impact, says Srinath Sridharan
AN INDUSTR BENCHMAR
The MacBook Pro M4 doesn't just set the bar for laptops-it becomes the bar. With unmatched performance, breath-taking design and incredible endurance, Apple's latest offering redefines what a laptop can achieve, says Sahil Mohan Gupta
The drip of good health
IV therapy seems to be a popular procedure with people in pursuit of good health and glowing skin. We spoke to medical experts about aspects to keep in mind before walking into a wellness centre to get that drip.
"MACARONS FOR THE MASSES"
CHANDNI NATH ISRANI, the driving force behind Ladurée's India expansion, redefines luxury in the F&B sector. With four flourishing Ladurée outlets established since 2021, Israni is making iconic French pastries and delicacies accessible to the Indian market. BW Businessworld sits down with the visionary entrepreneur to discuss her journey in building the luxury brand and her strategy for democratising gourmet experiences
NAVIGATING THE PATH TO PROFITABILITY: A STARTUP'S BALANCING ACT
WHEN EVALUATING startup profitability, it’s crucial to break it down into two main components: unit economics and fixed costs. Unit economics refers to the profitability of delivering each singular order, which involves analysing transaction margins against costs incurred, such as delivery and payment gateway fees. This assessment helps gauge whether a business model is sustainable at a micro level.
THE HOLY GRAIL OF PROFITABILITY
Profitability for startups is elusive, often overshadowed by growth and investor expectations. Achieving profitability requires a delicate balance between revenue generation and cost management, with factors like market dynamics and competition playing significant roles
"WE ARE FOCUSED ON BUILDING A RESILIENT AND SELF-SUSTAINING SEMICONDUCTOR ECOSYSTEM"
S.KRISHNAN, Secretary of the Ministry of Electronics and Information Technology, outlines India's ambitious plan to build a resilient and globally competitive semiconductor industry through the India Semiconductor Mission
Shaping the Future of Cyber Risk Management
With its mission to advance cyber risk quantification through the FAIR (Factor Analysis of Information Risk) model, the institute empowers businesses to align cybersecurity with broader objectives using structured, data-driven insights. Managing Director TODD TUCKER discusses how the institute’s methodologies and community-driven approach are reshaping industry standards worldwide, including growing interest in India and Asia Pacific
THE PILLAR OF A RESILIENT DIGITAL FUTURE
The rapid evolution of digital technologies has transformed the world, driving unprecedented connectivity and innovation. Yet, as the digital realm expands, so do vulnerabilities, with cyber threats emerging as critical challenges for businesses, governments and individuals
