Artificial Intelligence in Business

Artificial Intelligence In Business

IntroBooks #643

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Preface

It is not surprising that there is still a class of individuals who associate artificial intelligence (AI) with works of fiction. But, this perception is gradually losing ground with the frequent use of artificial intelligence in our daily chores, exhibiting a rational dimension. These days, artificial intelligence is all-encompassing phenomena that have an immense impact on social upbringing.

It is true that artificial intelligence ably finds its relevance in our mainstream culture as a revolutionary trend, but the idea is not new. The contemporary AI postulate came into being much earlier in 1956, so to say. However, it took decades of drudgery and back-breaking perseverance to transform the AI system into a technological revelation.

Summary

Artificial intelligence has a widespread application in the business domain. In reality, a major chunk of the human population is engrossed in communication in some form or the other with the help of AI. As the concept of AI is taking root in the global socio-economic territory, so is it becoming more and more imperative for the businesses to retain their existence to maintain a competitive edge. AI systems have apps in many areas, ranging from natural language generation and image recognition to predictive analysis and machine learning. These technologies are crucial to bringing about sustainability, creating new business opportunities, and redesigning the way businesses operate.

Artificial intelligence (AI) is a branch of computer science. AI technologies aim to replicate or surpass capabilities in computational systems that are usually considered intelligent when conducted by a human being. These abilities include:

Learning

Pattern recognition

Reasoning

Visual perception

Problem-solving

Language interpretation

Machine Learning

The roots of machine learning (ML) are in statistical analysis. ML utilizes algorithms and statistical models to conduct a particular task without using precise instructions and depends