Abstract
New product and system opportunities are expected to arise when the next step in information technology takes place. Existing Artificial Intelligence is based on preprogramed algorithms that operate in a mechanistic way in the computer. The computer and the program do not understand what is being processed. Without the consideration of meaning, no understanding can take place. This lack of understanding is seen as the major shortcoming of Artificial Intelligence, one that prevents it to achieve its original goal; thinking machines with full human-like cognition and intelligence. The emerging technology of Machine Consciousness is expected to remedy this shortcoming. Machine Consciousness technology is expected to create new opportunities in robotics, information technology gadgets and general information processing calling for machine understanding of auditory, visual and linguistic information.
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