More AI are hot topics for almost all

More than 60 years after artificial intelligence was founded as an academic discipline, machine-learning and AI are hot topics for almost all industries. Exponential increases in computer power, available data and algorithm performance have created enormous advances in AI and robotics. Surprising results are reached in fields as diverse as transcription, where computers now outperform humans at transcribing spoken Mandarin, or at medical diagnosis, where intelligent machines outperform the best doctors at diagnosing pulmonary disease or in warfare, where intelligent autopilot systems outperform the best human pilots in air to air combat (Walsh, 2017). In my essay I want to focus on the challenges of the so called Weak or Artificial Narrow Intelligence. A technology we already have at hand, where digital systems are getting smart enough to assist and even replace humans in many areas. My research question: Is there already sufficient awareness of the challenges for businesses and managers created by the rapidly increasing potential of machine-learning and AI? What are expected to be the biggest challenges, opportunities and risks involved?2. Although most executive have not seen substantial effects from AI, expectations for the future are high.  In order to get a better picture of the awareness of importance and the challenges for management I first want to look at some of the most current surveys among international executives. In a survey of Fortune 500 CEO´s, 81% of the responding top managers cited ?artificial intelligence and machine-learning? as either ?very important? or ?extremely important? to their company’s future, up from just 54% in 2016 (Murray, 2017). Another survey of more than 3,000 business executives, managers, and analysts from organizations around the world in 112 countries and 21 industries. Across all organizations, only 14% of respondents believe that AI is currently having a large effect but 63% expect to see these effects within just five years. Within the technology, media, and telecommunications industry, even 72% of respondents expect large effects from AI in five years, and in the public sector -the industry with the lowest overall expectations for AI’s effects- 41% of respondents expect large effects from AI. New business or reduced costs, the chance to obtain or sustain a competitive advantage and opportunities to move into new businesses are most often seen as the biggest opportunities and benefits. (Ransbotham et al, 2017)