Artificial intelligence and Asia

UBS:

We all have seen the headlines: “Google’s AlphaGo defeats world-class Chinese “Go” player”; “IBM’s Watson is tackling healthcare with artificial intelligence”; “Facebook artificial intelligence spots suicidal users”; and so on. Artificial intelligence (AI), which is essentially a set of tools and programs that make software ’smarter’ in a way an outside observer thinks the output is generated by a human, is starting to break out on the global stage.

In its current state, AI has the potential to benefit businesses through significant cost savings due to its high scalability, an elimination of both omission and commission errors, and the ability to instantaneously document and optimize processes. Like all technologies, AI will continue to evolve as progress compounds from one innovation to the next. And it is likely that by 2030, AI will be as commonplace in society as internet-ready devices are today.