Everyday you read about how Artificial intelligence is going to change all of our lives and many businesses. What is the potential impact to the SaaS and Cloud businesses and how will artificial intelligence will be delivered?
Three terms are used, sometimes interchangeably, to describe three very related areas; Artificial Intelligence, Data Science and Machine Learning. David Robinson, Chief Data Scientist at Datacamp, gave a good
of the terms which I found useful in understanding the differences.
There are three ways that providers are currently delivering Artificial Intelligence, Data Science and Machine Learning services. First, they are delivered as part of a SaaS application. Many of the large software companies have branded their Artificial Intelligence capabilities in their applications such as
. Second, they are delivered through standalone SaaS or software and finally there is the concept of
AI as a Service
. There is also significant open source activity in the latter two approaches.
Here is an excellent
which describes some of the potential impact that Artificial Intelligence may have on SaaS. Examples are always illustrative and this is a
of some of the business applications of Artificial Intelligence in a business area that we're all familiar with, retail.
Gartner has just released their
report on Data Science and Machine Learning software and it is available here. Some of the companies in the market are larger software companies that you've heard of such as IBM, Microsoft & SAS but there is also a lot of smaller providers in the market that are doing well such as
Clearly this will be an area of substantial change and activity going forward.