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Showing posts from March, 2019
Artificial Intelligence: The Imperative Role of Ethics in its Development


Artificial Intelligence has and will have greater potential for improving the lives of millions. It may very well be the New Frontier of our century. Today, AI is being used extensively and beneficially in practically all fields of our daily lives such as in healthcare, the automotive industry, finance, the economy, politics, justice and marketing. Towards Data Science has compiled the following interesting statistics: According to Adobe, only 15% of enterprises are using AI as of today, but 31% are expected to add it over the coming 12 months. International Data Corporation (IDC) predicts that the compound annual growth rate for global spending on AI will be 50.1%, reaching $57.6 billion by 2021. Accenture predicts that The AI healthcare market is expected to hit $6.6 billion by 2021. On the negative side PWC found that 38% of U.S. jobs are vulnerable to being replaced by AI in the next 15 years. Such transform…