Three types of Artificial Intelligence managers should know

(pic: Franck V)

Machines powered by Artificial Intelligence (AI) can perform many tasks—such as recognizing complex patterns, synthesizing information, drawing conclusions, and forecasting— and these are not long ago were assumed to require human intervention.  The AI what we see today and used by industries across is the simplest of all the AI available. It is the Narrow AI, also known as Artificial Narrow Intelligence (ANI).

There are three types of AI:

Artificial Narrow Intelligence (ANI) – Is the simplest of the level of AI. It is the only level achieved by humans so far. ANI is good at performing single task, such as playing cards, chess or making predictions in using data.

Artificial General Intelligence – AGI is the Artificial General Intelligence, also known as human-level AI. The blend of image processing, natural language (speech) and text processing (the big three of deep learning), plus robotics, is the Artificial General Intelligence platform (AGI) which is the holy grail of AI.

Artificial Super Intelligence – ASI is the Artificial Super Intelligence that is smarter than the collective intellect of the smartest humans in every field. ASI is about better cognitive ability of computers. These computers are smarter than humans. However, ASI is the next version of AGI, which is still not in use. Despite the fear of machines taking over humans in many quarters of research fraternity, AI in advance stage is believed to solve most complex problems of our time. Issues such as climate change, healthcare, etc. could meet with best solution in future. It is too early to predict the nature of AI we are heading.

Market size:

As per different reports available, Global Artificial Intelligence market size is expected to reach around 170 Billion in 2025. However, as per Gartner Inc, AI-derived business value is forecast to reach $3.9 trillion in 2022. There are three different sources of AI business value: customer experience, new revenue, and cost reduction.

The AI technology currently in use by company and business across domain is the Narrow AI or ANI – Artificial Narrow Intelligence. The AGI is yet to arrive, while the Narrow AI has huge near-term business potential.