20 years ago, the advent of modern technology would have been described nowhere but in science-fiction novels, but today, artificial intelligence, machine learning, and neural networks have become part and parcel of everyday corporate life. For some, though, such unfolding of events heralds a rather scary future. In this article, we will try to define the terms and discuss their underlying meanings.
A lot has been written about Big Data, artificial intelligence, machine learning, neural networks and deep learning subsequently leading to the confusion of these concepts. As a result, most people are either disinformed or misinformed about what these technologies are capable of. Therefore, we will try to find a reasonable balance between describing the technical details of the technology and providing examples on how these technologies are used.