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Gigabit December 2018

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CLICK TO WATCH: BBVA – GEOFFREY HINTON<br />

01<br />

Artificial Intelligence Foundation<br />

BBVA claims that “by 2025, AI will become the ‘essential’ tool both<br />

for redefining customer experience and for reinventing a broad<br />

variety of business models”. Currently, Gartner reports that only<br />

41% of organizations surveyed have “already made progress in<br />

piloting or adopting AI solutions”, while 59% are still gathering<br />

information and formulating strategies. While Gartner’s report<br />

acknowledges the potentially far-reaching possibilities of ‘broad’<br />

AI, the report notes that current digital business applications are<br />

limited to ‘Narrow’ AI. Narrow AI is an umbrella term for “highly<br />

scoped machine-learning solutions that target a specific task”.<br />

Gartner vice president, David Cearley, recommends that “enterprises<br />

should focus on business results enabled by applications<br />

that exploit narrow AI technologies and leave general AI to the<br />

researchers and science fiction writers”.<br />

75<br />

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