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Seemingly overnight, Artificial Intelligence (AI) has moved from a plot point in science fiction movies to a core technology for companies such as Google, Facebook, Baidu, Microsoft, and Amazon. But the idea of AI -- of machines that can sense, classify, learn, reason, predict, and interact -- has been around for decades. Today, the combination of massive and available datasets, inexpensive parallel computing, and advances in algorithms has made it possible for machines to function in ways that were previously unthinkable. While the more obvious examples such as robotics, driverless cars, and intelligent agents such as Siri and Alexa tend to dominate the news, artificial intelligence has much wider implications. Gartner predicts that "by 2020, algorithms will positively alter the behavior of billions of global workers." Markets & Markets expects the AI market to reach $5.05B by 2020. This report lays out the current state of AI for business, describes primary and emerging use cases, and states the risks, opportunities, and organizational considerations that businesses are facing. It concludes with recommendations for companies thinking about applying AI to their own organizations and a look at some of the business, legal, and technical trends that are likely to shape the future. [ABSTRACT FROM AUTHOR]