Artificial Intelligence & the Enterprise

The future is now, and the technology community could not be more ready. Artificial intelligence has long been a sought-after dream of sci-fi enthusiasts, but a recent boom in development has made this field a burgeoning disruptor in industries spanning the spectrum.

Yet, despite all of its potential, it seems that business has yet to truly capitalize on the possibilities that AI brings to the table. Sure, there are examples of interesting AI-centric startups, but the underlying value of AI in its ability to transform existing infrastructure and practices is lacking. This technology has such great potential, but we are seeing its greatest development in isolation rather than in a systematic transformation of industry and business the way it could be happening.

In niche areas, however, big development in AI is promising to set a model for future endeavors across the board.

For example, tech companies around the world are examining ways in which chatbots can improve existing business-customer relationships, making the process pain-free and more effective. Startup Avaamo has raised more than $3 million and gathered a team of revolutionaries to take this technology to the next level. The goal is build a suite of chatbot tools to optimize various enterprise applications from booking an airline ticket to building your grocery list by making them more conversational.

While these advancements are helpful and exciting, perhaps the most benefits to the public good comes from AI improving healthcare. As the population continues growing and life expectancy is increasing, the demand for doctors shows no sign of slowing down. In many places around the world, the need for healthcare is outpacing the supply.

In a recent study, researchers from Stanford University created AI technology to review more than 130,000 images of suspected skin cancer. The technology created an algorithm that neared the level of accuracy of diagnosing skin cancer cases of the industry average for dermatologists. This sort of innovation is timesaving for doctors and potentially lifesaving for patients who may lack the resources to request facetime with their caregivers.

And these measures in healthcare are just the beginning. Big companies in the tech sphere like Google, Facebook, Apple and Amazon are looking at ways to bring AI into the scope of existing projects. Everything from ecommerce to digital marketing have the potential to be revolutionized with this new software, and these tech giants are at the forefront of competing to make the next great breakthrough.

But they aren’t there yet. We can see the next phase of truly disruptive AI on the horizon, but with everyone chasing after it, it is still anyone’s game as to who will achieve the next great breakthrough. It could be an established powerhouse, or it could be the startup brewing in the office space right next to you. This is an exciting time in the space of technology while we watch the future unfold in the moment.