Some companies claiming to offer AI are failing to provide even the most basic forms of artificial intelligence.
False claims about the AI capability of their products are rife among analytics providers. According to London-based investment firm MMC, 40% of European AI startups don’t use any AI at all. Writing for MIT Sloan, Michael Wade, Amit Joshi, Mark J. Greeven, Robert Hooijberg and Shlomo Ben-Hur explain how to tell the difference between true AI and inferior technologies.
IS IT REALLY AI?
AI – artificial intelligence – is “any computer-based system that observes, analyses, and learns”. As it gathers and analyses data, true AI becomes more accurate, independent of human intervention. Be aware of these common misconceptions about what counts as AI.