We’re still at the beginning of the AI revolution, but change is coming fast, says Mike Seidenberg, lead manager of Allianz Technology Trust (ATT ).

This is the second excerpt from our virtual event with Allianz Technology this month. You can watch the first excerpt and the whole, one-hour ‘Big Broadcast’ too.

Can’t watch now? Read the transcript

Mike Seidenberg: 

The journey of digitalisation and larger and larger datasets really has resulted in where we are today, by taking machine learning, moving that towards artificial intelligence, then eventually some time down the road, we’re going to have systems that probably are smart, if not smarter than the human brain.

We’re not there today, but this shows you the journey. The journey has really been driven by a couple of things. If I go back and think about my experience when I worked in industry at Oracle, we knew what questions to ask that we wanted to get out of our system. The problem was, we didn’t have cheap computing storage and we have that today.

That just enables you to really look at much larger and larger datasets and manipulate those and look for answers in a fairly cost-effective way. Obviously, with artificial intelligence, we’ll see that cost curve come down. Today, things are relatively expensive, but over time it’ll get much cheaper. So, this is really a continuation of a journey. I know it’s been named differently, but I remind the audience, that this is just the natural progression that we’ve seen vis-à-vis using data and analytics to make businesses better.