BigDataFr recommends: How artificial intelligence and data add value to businesses

[…] Artificial intelligence (AI) is at the cutting edge of innovation. But how do companies find the expertise necessary to utilize it, and then take it to market? In this video, recorded at the Aspen Ideas Festival in June, Andrew Ng, cofounder of Coursera, AI Fund, and Landing.AI, discusses the difference between an AI-enabled business versus a true AI company, and how businesses can organize, hire, and make use of AI to add value.

How can AI create value for business right now?

Almost all the economic value created by AI is through one type of technology, which learns inputs, outputs, or maybe A-to-B mappings, such as you might input an email, telling you it’s spam or not. For speech recognition, you input an audio clip and output a text transcript. For machine translation, input an English sentence, output a Chinese sentence. For a self-driving car, input a picture of what’s in front of your car and your radar readings and output the position of the other cars.  […]

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By Michael Chui
Source: mckinsey.com