RE:RE:The Very Best Artificial Intelligence Stock Under $1 Artificial intelligence is when computers detect patterns that humans can’t see. It can make sense of what appears to be just a bunch of data. Almost everyone agrees that this is fantastic technology, but the REALLY BIG thing needed here is to identify the pattern, and then tell me what to do with all this data!
Consider the following examples:
Google Maps tells one how to get from Point A to Point B, how far it is, and how long it will take based on previous traffic.
Waze, a form of AI, uses Google Maps and gives one the most efficient route, ALONG WITH making changes based on dynamic traffic. In a nutshell, it can sense and react. See how much more valuable Waze makes Google Maps?
Now, before going any further, we need to explain what a “digital twin” is and why you shouldn’t be enamored with companies that create them.
A digital twin is a 3D digital replica of a physical location or object. Think of it this way, it’s a blueprint, but actually digital and can be seen from every angle.
With that as a backdrop, Google Maps is simply a digital twin of the transportation system with all possible paths between destinations and current information on road status (traffic, construction, police, etc…)
In 2020 Deloitte, the company that gets paid MILLIONS to help Fortune 500 companies utilize what the next big thing is, wrote an article called “The Next Era of Computing” (Source).
In it, they outline the key ENABLING technologies (i.e., picks and shovels) for Web 3.0