Business Translation - AI, Automation, & Robotics
It is understandable that executives are scratching their heads when it comes to understanding or differentiating between AI, automation & robotics. These logic-based capabilities have a lot to offer businesses, especially in this period of digital transformation. Below is some high-level information on these terms. Artificial Intelligence (AI), Automation and Robotics are synonymous in that they require input(s), execute some logic/calculations and provide an output(s). At a high level the differences are the type, timing and number of inputs and outputs, the complexity of the calculations and the required computing power. At the end of the day these digitized logic capabilities speed up processes while increasing quality and reliability of data, provide better information, and reduce costs. Interest in these capabilities has been growing more significantly since mid-2016. The graph below shows the trend of these terms on Google in the U.S. AI has risen more substanti...