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AML – 1413 Artificial Intelligence Quiz

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Questions and Answers

According to Elaine Rich, how does she define Artificial Intelligence?

As a study to replace human intelligence with machine intelligence

As the science of developing conscious machines

As a way to make computers excel at things people do better (correct)

As the study of autonomous robots and their applications

What economic impact could AI have by 2035 according to Accenture?

$15.7 trillion reduction in global economic activity

40% reduction in labor productivity

$15.7 trillion worth of additional economic activity (correct)

14% increase in Global GDP

What is mentioned as one of the ways AI will impact the global economy by 2030?

Limiting the potential for GDP growth

Reducing labor productivity challenges

Decreasing product variety and personalization

Increasing consumer demand through greater product variety (correct)

What is highlighted as one of the initial benefits of AI implementation in businesses?

Improving labor productivity through automation Signup and view all the answers

What percentage of Canadian companies were reported to be using AI according to the Deloitte report in November 2018?

16% Signup and view all the answers

Which statement best describes the sentiment of Canadian consumers and businesses towards AI as highlighted in the text?

They have a lack of understanding and trust in AI. Signup and view all the answers

What is preventing most Canadian companies from unlocking real value from AI?

Difficulty moving past the experimentation phase Signup and view all the answers

Which industry was NOT identified as one that will soon be revolutionized by AI according to the Forbes Technology Council panel?

Hospitality Signup and view all the answers

What potential does AI have when it comes to dealing with data collected from modern devices and IoT?

Potential to be applied nearly in every sector Signup and view all the answers