Endor’s Yaniv Altshuler explains why AI’s capabilities should be open to everyone and not just to large businesses.
Artificial intelligence, which just a decade ago was closer to the realm of science fiction than fact, has rapidly become one of the hottest trends across the technology universe. AI has the potential to redefine many of the tools and methods we use for analysis, learning, and interpreting the world around us. The technology is already gaining traction in the business community where experts predict that it will be a driving force over the next decade.
For businesses today, adopting AI is an increasingly pressing necessity regardless of company size or scope. A study by McKinsey & Company found that the market could potentially create at least $3.5 trillion in business opportunities across several industries. For small- and medium-sized enterprises (SMEs), AI is no longer a wish list item, but a real need to remain competitive.
Even so, AI appears to be following an all-too-familiar path. Despite its truly game-changing potential, already there are signs that it is becoming another tool of the elite, deployed by the largest corporations and largely walled off from both smaller businesses and individuals who could propel innovation. This status quo pushes further societal rifts and begs the question—would we not be better served opening AI’s capabilities to everyone?
It is difficult to understate AI’s potential across industries and fields of research. Technology that is billed as the future is incredibly reliant on AI, such as driverless vehicles, which employ the technology as a core component for their seamless operation. Even in smaller applications, such as data analytics and machine learning, AI has already made a dent in the way we interact with the enormous amounts of data and information our world generates.
