Four Haunting Takeaways for You to Know About Artificial Intelligence

Four Haunting Takeaways for You to Know About Artificial Intelligence

Four Haunting Takeaways for You to Know About Artificial Intelligence

Russell Moore

Russell Moore

Currently an innovation director at TSYS, Russell Moore has worked in the product development and innovation world for 15 years. He is an advisor for the Technology Association of Georgia, BTC Media and several financial institutions.

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Sometimes it's scary how well our devices know us. Just think back to a time you were shown an advertisement with a product you didn't even know you needed – but suddenly had to have. It's true that sometimes it can feel like our machines know something we don't.

Artificial intelligence (AI) continues to go more mainstream with each passing month. Integrating our devices with user experience apps like mobile wallets, healthcare and others will thrust participating financial transactions into the forefront. And when that happens, M2M will become just as common a term as P2P and B2B.

The World of AI

Here are four important facts about AI:

It's not telekinesis, but devices can communicate without our knowledge. Spooky, right? Devices with artificial intelligence will not only speak to each other, as well as other systems, but they will also make their own choices, like buying goods or services when needed.

AI takes IoT and M2M to a frightening new level. We know, that's a whole lot of acronyms. Machine learning uncovers patterns in data and makes predictions. Artificial intelligence executes on those discoveries. And the internet of things includes the devices that make it all possible.

It's the combination of all three that unleash the full potential of the outcome economy. That's the world where we’re charged by how far we travel, how fast we go and how much we use our device as opposed to a flat fee.

An army of human resources is being deployed. More than 25 percent of engineers at Facebook are currently working with AI. Uber, Airbnb, Facebook and Amazon all use machine learning to make our day-to-day lives more convenient.

Machines actually are taking over the world. According to CB Insights, AI has the ability to put more than 10 million jobs in its cross hairs. (That's more than were lost by The Great Recession.) In other words, automation could mean elimination.

Sorry, Frankenstein - AI isn't just for science fiction movies anymore. Read more about Machine to Machine Payments and how they're becoming part of our everyday lives, whether we realize it or not.

The statements and opinions of the writer do not necessarily reflect those of TSYS.

Other Articles by Russell

Russell Moore

Currently an innovation director at TSYS, Russell Moore has worked in the product development and innovation world for 15 years. He is an advisor for the Technology Association of Georgia, BTC Media and several financial institutions.

He eats, sleeps and breathes innovation. Whether he’s at home on his Alabama farm or exploring new payments technology products in an innovation lab, he is always searching for a new, more profitable way to build a better mouse trap.

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