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Giving Compass' Take:
· Writing for AEI, Shane Tews talks about the rise of artificial intelligence products, how this technology is changing entire industries, and what needs to be done to continue to boost this trend.
· What has contributed to the rise of AI use? How is AI being used in companies? How is helping companies and individuals alike?
The Consumer Electronic Show (CES) was full of artificial intelligence (AI) agents of change this past week. Amazon noted that 28,000 products are now partnered with Alexa, up from 4,000 this time last year. Distributing more content is a key focus of AI home devices, and Amazon, Google, Microsoft, and Samsung were all showcasing the AI-enabled life-enhancing features of their digital assistants. For this trend to continue, we need to embrace the policy challenges that AI brings to data collection and privacy.
The explosion in AI products has been made possible by today’s network speeds. High speed networks enable applications to take advantage of real time information flow to deliver media, communications, and information such as live GPS data, then feed it back into cloud computing software to curate and manage the data more efficiently and accurately than ever before. Smartphone and voice assisted platforms are powering the app economy and these applications need the efficiency brought on by more data aggregation. AI has become an easily accessible technology for both large corporations and individual users, and society has become unknowingly dependent on AI and machine learning to make sense of the flood of information available.
AI is causing major changes throughout both small companies and entire industries thanks to the enhancements of data, connectivity, and computing resources merging with mobile, cloud computing, and platform technologies. In the past, these tech tools were expensive to deploy and only available to top industrial giants in sectors such as banking, energy, transportation, telecommunications, and healthcare. However, as this year’s CES showed, the benefits of AI are quickly filtering down into the consumer sector.
Read the full article about artificial intelligence by Shane Tews at AEI.