1. Market Research

Artificial Intelligence: A Practical Assessment 

  • August 2015
  • 12 pages
  • Frost & Sullivan
Report ID: 3180769

Summary

Table of Contents

Artificial Intelligence: A Practical Assessment

Introduction

For many people, a future that includes artificial intelligence (AI) sounds just great, because it means helpful robots, self-driving cars, and virtual assistants instantly providing personalized information and guidance on any number of matters. Others worry that the robots and cars and assistants will become so smart that they stop following human directives, and chart their own future, perhaps without us. Somewhere in between, most rational people are interested enough in AI to want to know more about it, if only to satisfy their own curiosity, rather than determine whether they should embrace or fear it. AI is currently one of the most fascinating, as well as one of the most confusing, areas of development in the larger field of Big Data and analytics (BDA).

AI stimulates the imagination with visions of automating many human-like functions that have been historically beyond the reach of technology. What makes AI confusing is the variety and complexity of its methods, compounded by the recent tendency of BDA solution providers to apply the AI label to their analytic applications. Adding to the confusion are the strongly-held opinions of many AI researchers that are beginning to surface regarding its development. The mainstream media is not much help, as it typically addresses only the most sensational AI developments (e.g., Watson Wins Jeopardy! Elon Musk Fears the Singularity! )—and in only the most simplistic fashion. Attempting to learn more, one quickly encounters a formidable language barrier.

This AI language barrier rises up in the form of arcane terms like “Hierarchical Hidden Markov Models” and “Inverse Reinforcement Learning,” which are the real names of two popular AI methods. People who can easily understand such terms tend to be those who read and write mathematical formulas, and who also understand concepts like stochastic processes and back propagation. The rest of us are left scratching our heads and looking for more accessible explanations of how AI does what it does, its current capabilities and limitations, and realistic assessments of how AI may be able to help or hurt us.

This week’s SPIE is designed to help. Its purpose is to lead the reader around the AI hype and hoopla, past the impenetrable bog of specialized terminology and the deep pit of unnecessary detail, to a basic understanding of AI’s capabilities and limitations; as well as an appreciation for the reasons why AI researchers are starting to raise concerns about the current trajectory of AI development. Finally, Stratecast suggests it is not too soon for business decision makers to begin assessing the extent to which AI should be factored into their own tactical and strategic business plans. The first order of business, however, is to briefly recap the historical developments that have brought AI to its current position.


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