Open any business publication or digital journal today, and you will read about the promise of AI, known as artificial or augmented intelligence, and how it will transform your business.
The fact is, AI will not only transform your entire business, whether you are in health care, finance, retail or manufacturing, but it will also transform technology itself. The essential task of information technology (IT), and how we measure its value, has reached an inflection point.
It's no longer just about process automation and codifying business logic. Instead, insight is the new currency, and the speed with which we can scale that insight and the knowledge it brings is the basis for value creation and the key to competitive advantage.
This trend is fueling a surging interest in deep learning and AI, or, as IBM calls it, cognitive computing. According to IDC, global spending on AI-related hardware and software is expected to exceed $57.
6 billion in 2021,….