7 Things Your Boss Needs To Know About Artificial Intelligence.

As artificial intelligence moves beyond the hype and misconception to enter the mainstream, businesses are beginning to realize the true value of AI in the B2B arena. Marketers are already making huge strides in their content, delivering new and unique AI integrations to shape their business-to-business campaigns.

AI. Here are some key facts that will give you an edge.

Artificial intelligence is inductive

The word inductive is Latin meaning "building one thing out of something else." In a logical manner, the word is used to mean that every truth is a result of a statement, coupled with another statement.

Inductive occurs when an agent is exposed to new data and makes a hypothesis based on that data and then tests the hypothesis by repeating the process. The agent begins the experiment by building a hypothesis. The agent continues to gather data until the hypothesis is one tested and the process is not relying on just one generation.

AI algorithms are simple

Believe it or not, AI algorithms that are taking over tasks like optimizing advertising campaigns, classifying images, identifying customers, selecting stocks and deciding the best time to buy or sell are not that complicated. To put things into perspective, the largest AI based companies in the world today have a budget of $500 million to build their AI algorithms.

AI works at superhuman speed and scale. 

That's the conclusion that my colleagues and I have come to in our recent study about the effect of AI in the world. In a nutshell, our research finds that AI is rapidly displacing work. With artificial intelligence (AI) and machine learning, organizations that include the word in their official names are offering services like a universal translator and the ability to predict flu outbreaks.

Language and vision are accessible to AI.

You know how you can talk to Alexa or Google Now? A new tool from Michigan State University just might put those conversational assistants in a whole different league. Words and images can be translated in several languages and letters can be instantly converted to Braille. This new program from Tom Mitchell is designed to teach AI to recognize a great number of images and to compose detailed sentences with them.

AI overcomes traditional complexity barriers.

The Aide is a tool designed to make personalized medical advice easy. Artificial intelligence, combined with machine learning, translates complex medical issues into the language that consumers speak. The Aide has taken what was a difficult process to understand and managed to simplify the presentation enough that doctors can easily offer patients the right advice.

AI is hard to interrogate.         

Artificial intelligence platforms often create a centralized learning loop with most of the team believing that they’re building a decentralized AI application. All this happens because the team wants to believe that the team takes away the power of AI. But is this the right way to build distributed AI systems?

The past year saw the announcement of block chain adoption for many novel purposes. One such application is the decentralized, global block chain action movie title registry. The registry is powered by an AI (Artificial Intelligence) algorithm. The AI algorithm defines domain terms and then processes the input from the users to pick the most appropriate action. The algorithm also processes AI output together with the votes of other users.

Human-machine interactions change

This means that artificial intelligence needs to be embodied, to represent and interact with humans in the physical world, as well as virtual worlds.

While such developments seem like science fiction now, there are already numerous examples of intelligent machines interacting with humans.