AI stands for Artificial Intelligence, a technological development that has and will continue to have a substantial impact on our future prosperity and well-being. Due to its generic nature, AI will affect all business sectors, our private lives and society. It is a challenge to define precisely what AI entirely entails. Still, the following definition is often used: The ability of a system to correctly interpret external data, learn from this data, and to use these lessons to achieve specific goals and tasks by being flexible and customisable. This ability is traditionally assumed to be human.