We’re in the midst of the biggest AI boom ever seen in the technology sector. While AI and certain types of machine learning have been in practical use for the better part of 30 years, there’s no denying that the intense investment in the space is sending shockwaves through the industry. CBInsights reports that 2015 and 2016 are shattering records in VC deals and investment by dollars, which has emboldened hundreds of startups that are using AI as a core piece of their products and services.
I’ve been around long enough to know that in the tech sector, where there’s money there’s hype.
While I have no doubt “intelligence everywhere” will become a sell-side reality in the next five years, the enterprise buy-side should be exceedingly cautious about buying into it without a clear plan.