AI and technology are at the forefront of so many conversations today, but why is that when neither AI or tech are new concepts, they have been around for decades. The reason is there are 4 major elements that are working together to create the perfect storm that is causing AI and tech to progress more quickly than ever before.

The 4 elements are:

• We have more data than ever before
• The cost of technology is decreasing
• The speed of technology is increasing
• Moore’s Law: the number of transistors on a chip doubles every year while the costs are halved.

All of these things are coming together to cause AI and technology to progress at a much faster pace than we have ever seen before.