How AI, Machine Learning and Automation Will Impact Business in 2018 and Beyond

We are living in exciting and innovative times with futuristic technology literally at our fingertips. But for the longest time, small to medium sized businesses were not serviced by the latest tech trends enterprises have been able to benefit from. That is, until now. In this article, we'll explore these technology trends and how they will impact business in 2018 and beyond.

So, what kind of things can this 'smart' tech do?  how to create a chatbot Just 4 months ago, an AI machine managed to complete a University level math exam 12 times faster than it normally takes the average human. How? Through the art of machine learning; where computers learn and adapt through experience without explicitly being programmed.

Furthermore, Facebook made headlines earlier this year when their chatbots created their own language. Some Fake News stories say that the engineer's pulled the plug in a panic after they were getting too smart. However, the truth is that for Facebook's purposes the chatbots needed to stick to English rather than developing their own short hand. However, their machine learning chatbots did create their own language outside their explicit programming.

This evolving area of computer science is the future for service businesses, and it's already affecting the way we live and work today. In fact, research firm Markets and Markets estimates that the machine learning market will grow from $1.41 billion in 2017 to $8.81 billion by 2022!

So buckle up because these technology trends will affect every part of your business, from marketing, to operations all the way through to payroll. Here's how: