The concept of artificial intelligence has been around for centuries, however, it wasn’t until the 1950’s where the true possibility of it was explored “British Polymath, Alan Turing, suggested that if humans use available information, as well as reason to solve problems and make decisions- then why can machines do the same thing”. (Aguis, 2019)

By 1974, computers had begun to expand and flourish as they were now faster, more affordable, and able to store more information. Further research in artificial intelligence showed promise towards he goals of problems solving and the interpretations of spoken language in machines, yet there was still a long way to go before machines could think on their own, self recognise and achieve natural language processing. In the 1980’s, expert systems were introduced which mimicked decision making processes of a human expert, but it was not till the 2000’s that many of the landmark goals were achieved and artificial intelligence thrived, despite the lack of government funds and lack of attention.

 

Over the past 5-10 years, we have seen a significant resurgence in artificial intelligence technologies. Innovation is happening at a rapid pace with leaders such as Google using deep learning algorithms in neural networks to generate predictive models and algorithm marketplaces driving a new level of access to artificial intelligence toolkits like never before. “In today’s day, AI research is constant and continues to grow. Over the last five years AI research has grown by 12.9% annually worldwide.” (Aguis, 2019)Research shows that within the next four years, China is predicted to become the biggest global source of artificial intelligence, taking over the United States and Europe. These days, there is so much that artificial intelligence is being used for and so much more potential there that is it hard to picture our future without it- especially when it comes to businesses and marketing. 

Artificial intelligence can collect and organise large amounts of data to make insights and guesses that are beyond the human capabilities of manual processing. Recently, AI is said to reduce costs in many ways- for example, using chat bots on your website can reduce the training you need to provide to your staff; therefore, it will replace that job and save your business money in the long run. 

It is said that smarter technologies in our workplaces will be able to visualise the entire production chain and make decisions autonomously. “Our workplaces and organisations are becoming “smarter” and more efficient as machines, humans are starting to work together, and we use connected devices to enhance our supply chains and warehouses. (Aguis, 2019)

Bibliography

Aguis, C., 2019. Evolution of AI: Past, Present, Future. [Online] 
Available at: https://medium.datadriveninvestor.com/evolution-of-ai-past-present-future-6f995d5f964a
[Accessed 29 October 2021].