What is artificial intelligence?
AI is a broad term used to describe a collection of technologies able to solve problems and perform tasks without explicit human guidance. Some of these include: machine learning, computer vision, natural language processing, robotics and deep learning.
A general-purpose technology, AI uses data-driven algorithms to autonomously solve problems and perform tasks without human guidance. The algorithms that underpin artificial intelligence have existed for quite some time, however exponentially growing volumes of data and the widespread availability of affordable computation mean that Australia, and the world, can operate this revolutionary technology at a scale and speed never seen before.
AI represents a significant opportunity to boost productivity and improve the national economy through its strong potential to enable industry to make better products, deliver better services, faster, cheaper and safer.