In general use, the term “artificial intelligence” means a machine which mimics human intelligence or cognition.According to a study by McKinsey Global Institute, AI is estimated to create an additional 13 trillion US dollars of value annually by the year 2030. Even though AI is already creating tremendous amounts of value into software industry, a lot of the value to be created in a future lies outside the software industry. In sectors such as retail, travel, transportation, automotive, materials, manufacturing and so on. The emergence of AI courses in Bangalore and other major cities is proof of the increasing reach of this technology and the need for qualified professionals to do further research in this field.
Artificial intelligence is the broader concept that consists of everything from Good Old-Fashioned AI (GOFAI) all the way to futuristic technologies such as deep learning. Whenever a machine completes tasks based on a set of stipulated rules that solve problems (algorithms), such an “intelligent” behavior is what is called artificial intelligence.