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The electronics industry tirelessly pushes the envelope of technological innovation, but the rise of artificial intelligence (AI) and machine learning (ML) represents a watershed moment for business transformation. AI may very well make former impressive benchmarks in transformation, such as the rise of the cellular phone and the smartphone revolution, pale in comparison.
The impact forecasts and expectations are bullish. AI is expected to contribute more than $4 trillion to the global economy annually, spawn new business models, and accelerate productivity and efficiency gains that will transform business and society.
But why is this happening now, at this point in history? Here are five foundational technology pillars that have emerged in recent years, and how they serve as jet fuel for AI systems and applications innovations.