This month, Capterra launched our Artificial Intelligence Software category .I'm pretty excited.Now is the perfect time. The demand for artificial intelligence is increasing. The employee contact list AI market will reach $70 billion by 2020, according to employee contact list BofA Merrill Lynch. And by 2035, AI could double annual economic growth rates and increase productivity by almost 40%, predicts an Accenture report on artificial intelligence .What is artificial intelligence softwareWhat is Artificial Intelligence?Alright, first of all. Let's review what artificial intelligence is. Like any emerging technology, smart people (mainly nerds) disagree.
"Distil a generally accepted definition of what qualifies as artificial intelligence (AI) has become a topic of renewed debate lately," wrote the employee contact list Nathan Benaich, technology investor at Playfair Capital . “AI is not a single technology . It is actually a vast field made up of many disciplines, ranging from robotics to machine learning.But generally speaking, AI is an umbrella term for a technology that does non-rotating computing, which is what only humans can do right now. Most computers today do what they are programmed to employee contact list do, no more and no less. Artificially intelligent computers do more than program their humans. Within AI, there are several somewhat overlapping sub-categories.
They include machine learning, deep learning, and neural networks.At present, the main business of artificial intelligence focuses on machine learning. Machine learning is when a computer algorithm improves.An algorithm is just a complex formula. Entrances and exits. A machine learning algorithm takes inputs, provides an output, and then adjusts based on the accuracy of the output. If you've ever responded to employee contact list a tagging suggestion on a Facebook photo, you've interacted with a machine learning algorithm.If you accepted the suggestion, you patted the algorithm on the employee contact list back. But if you choose the second or third option from the list, the algorithm has changed based on your feedback.