AI and ML are making recent headlines but are not new concepts. On the contrary, technologists first conceived artificial intelligence in the 1950s. With computing power and data storage now faster and cheaper than ever before, AI is now, not just a possibility, but a reality. Experts believe that most aspects of our lives will soon be augmented by some form of AI—and many already are. Narrow applications of AI are already helping us pick our next purchase online or our next show on our favorite streaming platforms, helping us pick the fastest route through traffic and finishing our sentences when we draft emails.
The modern technologies that have improved our lives over the last hundred years, like color TV and microwaves, were adopted quickly, some in as few as five years. We’re noticing a similar trajectory for AI—and organizations and businesses should take note. ChatGPT, now a household name, grew to 100 million users faster than any application. Financing and investment into AI are growing at similar rates, with a projected market size of $1,591 billion by 2030.
Massive investments, coupled with the growing functionality of AI tools, and the staggering adoption rate herald a shift in our productivity and how we work. But Steven points out that humans will remain an integral part of the process as their work is aided by AI tools. AI will simply make us more productive and help free up time so we can do our most important work. Steven cited examples in interior design, healthcare and education. In each example, AI helps professionals do their jobs even better by interpreting inputs, surfacing data insights and providing recommendations.