Every day we read about the Fifth Industrial Revolution. At first glance, it just seems like a new, improved version of the Fourth Industrial Revolution. The media refer to it so frequently, that we all assume we know what it is and we never really pin down what it is and how it affects us. The term Industrial Revolution was used by the 19th century economic historian Arnold Toynbee to describe Britain’s economic development from 1760 to 1840. Let’s start with what we mean by Industrial Revolutions. An industrial revolution has two components. The first is the creation of new technology – [...]
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Right now, Artificial intelligence (AI) and Machine Learning (ML) are transforming the world as we know it. We cannot escape this inevitable change. AI and ML are disrupting industries and organisations as you read this. All of us should understand the basics of this fast-evolving field and consider the implications for our own lives, our careers and the organisations where we work. WHAT IS ARTIFICIAL INTELLIGENCE? Artificial intelligence (AI) underpins most of what is going to happen in our new world. It’s been around for a while, and its importance will accelerate post Covid-19. Intelligent machines are influencing nearly every [...]
The term ‘artificial intelligence,’ is bandied about a great deal. Let’s take a few moments to find out what it is and how our world is changing because of it. Artificial Intelligence (AI) refers to computer software that engages in humanlike activities, such as learning, planning and problem-solving. Artificial intelligence underpins most of what is going to happen in our new world. It’s been around for a while, and its importance will accelerate post-COVID-19. Intelligent machines are influencing nearly every facet of our lives to help improve efficiencies and augment our human capabilities. A working understanding of AI is critical for [...]