Artificial Intelligence

Chapter 1. Introduction: A Simple Vision for Artificial Intelligence

Artificial intelligence (AI) is when a machine performs a task that human beings find interesting, useful, and difficult to do. The current wave of AI works by using computer models to simulate intelligent behavior. AI can drive economic growth by automating the workforce, improving efficiency, and becoming a source of product or service innovation.

The potential of AI varies by country depending on factors like the flow of information, communication infrastructure, regulatory frameworks, and public and private investment in the digital economy. The potential of AI varies by industry, depending on factors like the adoption rate of AI and the industry’s investment in AI. Overall, however, AI has the potential to increase economic growth rates and boost profitability for much of the world’s economy.

Every business needs an AI strategy to adapt and stay competitive. Getting access to AI technology is relatively straightforward. The difficult part is applying the technology to a specific business context. In this report, we introduce you to the simplest way to actively engage in applying AI. We help you put your organization on the path to a viable, effective use of AI. It covers ways to do the following:

• Determine where AI is useful in your organization

• Collect the data needed for AI

• Choose an AI strategy that produces useful results

• Scale up to make AI available wherever it is useful

• Check for bias and ...