Why is ChatGPT a disruptive technology? Introduction Disruptive technology refers to a new technology or innovation that fundamentally alters the way industries or markets operate. It disrupts the status quo and creates new opportunities for growth and innovation. The field of natural language processing (NLP) has seen significant advancements in recent years, thanks to the…
Artificial Intelligence (AI), a subset of computer science, has experienced a meteoric rise in attention and adoption both in the technology realm and beyond. At its core, AI aims to simulate and even surpass human intelligence by constructing machines capable of understanding, learning, reasoning, and even perceiving. While popularised in science fiction, the potential and practical utility of AI can be seen throughout every industry today, from healthcare and education to entertainment and transport.
AI, however, is not a singular technology. It encompasses a range of techniques and concepts, including Machine Learning (ML), a method of data analysis that automates the process of learning and adapting through experience, and Natural Language Processing (NLP), the technology that enables machines to understand human language. The turbulent world of AI also extends to Deep Learning and Neural Networks, advanced fields that exploit the hidden layers of vast, neural network architectures to process complex data.
The growing reliance on AI systems for business optimisation has resulted in a whole new market for custom-built AI solutions, steering away from generic, off-the-shelf products. This trend is only expected to accelerate. According to a recent IDC report, the worldwide spending on AI systems is forecast to reach $79.2 billion in 2022, highlighting the significant scale of investment in this area.
In spite of the economically quantifiable advantages of AI, it’s the qualitative aspects that capture the imagination. An AI system can extend human capabilities, deliver personalised experiences, enable predictive analysis, and even spur innovation. Conversely, it also rouses critical discussions around ethics, employment, and privacy, securely locating AI at the core of dialogues on technology’s societal impact and the imperative to responsibly harness its potential.
Interestingly, it has been predicted that by 2025, AI will become a top five investment priority for more than 30% of CIOs, as reported by Gartner. This projection further cements the role of AI as a transformative technology, reshaping business models, customer experiences, and operational processes alike.
In the current surge of digital transformation, it’s crucial that we understand AI, its capabilities, and its implications, so that we can make well-informed decisions about its implementation and management.
As you navigate through the perplexities of AI, we invite you to delve deeper into its intricacies and potentialities by browsing our Artificial Intelligence section of the blog or for a broader view, our main blog. At Halifax Apps, we are ready to help you align your bespoke AI needs with your unique business objectives. Please do not hesitate to contact us for any AI-related discussions or queries.