What kind of an impact is artificial intelligence having on the economy?
Artificial intelligence (AI) is completely revolutionising today’s societies to the point that many argue (quite correctly, in my opinion) that it is fostering a so-called fourth industrial revolution. More precisely, advances in machine learning (ML), and, in particular, in deep learning (DL), are profoundly transforming technology.
In fact, based on recent discoveries in mathematics, computer science and robotics, particularly complex algorithms have been created/discovered, which make it possible to achieve much more accuracy in devising systems capable of accomplishing complex tasks.
As an example, one might want to think of all those systems devised for decision support, for complexity analysis tasks, for human-machine interactions or used in the construction of intelligent agents.
As a consequence of these advances, ML based and AI-based applications can be found today in many fields, ranging from insurance and finance, health and medicine, environmental studies, and exploration of space, to digital humanities, among others.
This story is from the December 2019 edition of Gulf Business.
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This story is from the December 2019 edition of Gulf Business.
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