Artificial intelligence, sometimes referred to as Machine Learning and NLP, is a relatively new phenomenon which has the potential to alter and revolutionize our lives for the better. The term itself was initially coined in 1956 by a computer scientist, John McCarthy, and has been evolving over time, with significant developments across diverse industries in the recent past. AI is defined as “an intelligence exhibited by machines, which program themselves, and which can perform tasks that would require human intelligence." An Artificial Intelligence (AI) is any machine that is capable of performing functions or tasks that are usually human- or gender-specific. Understanding Artificial Intelligence and What AI Can Do for Your Business.
Artificial intelligence uses a collection of algorithms, which when used together, can be programmed to solve a wide range of problems. A particular application may require a specific combination of these algorithms, however, the end result is often quite similar. The applications of artificial intelligence in today's society range from identifying the symptoms of diseases and dispelling rumors online to chatbots that act as assistants to customer service staff. Artificial intelligence is being used to improve customer experience and improve the efficiency of work processes at corporations across the world. How Can Artificial Intelligence Improve Customer Service? One of the simplest ways in which artificial intelligence can improve customer service is through chatbots.
According to a recent study published in the journal Science, humans will not be at the forefront of artificial intelligence. With every passing year, AI technology will lead to greater and more strategic decisions. It will support and implement machine-learning in its various forms and offer innovative techniques to aid humans. The increasing use of AI is being seen in a plethora of technological innovations, all at the frontlines of businesses and households, where it will be used to offer a wider range of capabilities and services. With the trend towards artificial intelligence and machine learning being a part of everything, AI is becoming the underlying factor for many other innovations, along with big data analytics.
Let us investigate some of the benefits that Artificial Intelligence brings to business and how it can be implemented in your business. Improve Decision Making Artificial Intelligence and other smart technologies enable the determination of the best course of action to take in order to achieve the best possible outcome. And if you don't know what the best course of action is, then don't worry; Artificial Intelligence can infer it for you. AI is able to create the best path to the best outcome, and the best way to ensure that you are able to achieve it is to improve your decision-making process, which is why this particular technology is crucial to business success. Enhance Production Accuracy Can you imagine a factory that produces 20 000 cars per hour?
Artificial Intelligence in the workplace is clearly going to have a major impact. However, you must make sure that you fully understand the technologies involved and the benefits they can offer to your business.