25th Monthly Article on Digital Transformation with AI and ROI Sept-2021

Introduction
Artificial intelligence as an idea did not originate post advent of information and communication technology. Its genesis and evolution could be traced in applications of scientists many centuries ago as have been established in published literature of several research scholars. Theoretical and technological narratives for this were underpinned and bolstered by scientists such as Alan Turing, Marvin Minsky, and John McCarthy. The possibility of a computing machine attaining cognitive capabilities of a human being was first experimented and christened by John McCarthy. Readers may know more about genesis, evolution, fiction, and challenges in applications of artificial intelligence (AI) in one of the author’s articles under this column which was published in April 2020.

The fountainhead of inspiration for artificial intelligence (AI) as a digital technology is the cognitive capabilities of human beings. Digital scientists are relentlessly aiming to develop computerised solutions by emulating and recreating many cognitive and functional capabilities of human brains equally efficiently in a computing device. They are trying to innovate digitally programmed systems for reasoning and taking decisions. Applications of such AI driven solutions are adding momentum for advancements of individuals, growth of business entities with far reaching potential for value creation in both tangible and intangible terms The author in his research study could gather that many startup entities, working in this field, have started claiming that AI is gradually outshining human brains in certain activities which need sharper and diversified applications of cognitive skills. However, such claims are not beyond controversies.
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