How Artificial Intelligence Will Transform Businesses

AI
AI is a broad term that refers to computer software that engages in humanlike activities, including learning, planning and problem-solving. Calling specific applications “artificial intelligence” is like calling a car a “vehicle.” It’s technically correct, but it doesn’t cover the specifics.

ML
ML is one of the most common types of AI being developed for business purposes. It is primarily used to process large amounts of data quickly. ML-based AI includes algorithms that appear to “learn” over time. In other words, if you feed an ML algorithm more data, its modeling should improve.

Deep learning
Deep learning is an even more specific version of ML that relies on neural networks to engage in nonlinear reasoning. It is critical to perform more advanced functions, such as fraud detection, because it can simultaneously analyze a wide range of factors.

Cybersecurity
AI is an indispensable ally in preventing and avoiding network security threats. AI systems can recognize cyberattacks and cybersecurity threats by monitoring data input patterns. After detecting a threat, it can backtrack through your data to find the source and help prevent future threats. AI is an extra set of diligent, constantly seeking eyes that can significantly bolster your infrastructure.

Internet and data research
AI is also significantly impacting online data research. It can sift through vast data troves to identify search behavior patterns and provide users with more relevant information. As people use their devices more and AI technology becomes even more advanced, users will have even more customizable experiences. These abilities will help small businesses reach their target customers more efficiently.

CRM
AI is also changing CRM systems. Typically, CRM software requires significant human intervention to remain current and accurate. However, today’s best CRM software uses AI to transform into self-updating, auto-correcting systems that do much of the background work of managing customer relationships.

AI may affect analyst jobs

Rahnama doesn’t foresee wide-ranging lost jobs. “The structure of the workforce is changing, but I don’t think artificial intelligence is essentially replacing jobs,” Rahnama explained. “It allows us to really create a knowledge-based economy and leverage that to create better automation for a better form of life.”

AI is the future
Whether rosy or rocky, the future is coming quickly and AI will undoubtedly be a part of it. As this technology develops, the world will see new startups, numerous business applications and consumer uses, displacing some jobs and creating entirely new ones. Along with the IOT, AI has the potential to dramatically remake the economy, but its exact impact remains to be seen.

Digital personal assistants
AI can transform internal business operations through AI chatbots that act as personal assistants, helping to manage emails, maintain calendars and provide recommendations for streamlining processes. Additionally, chatbots can help you grow your business by handling customer inquiries online.

The future of AI

AI will handle more everyday tasks

 Experts see AI technology continuing to develop to handle more “AI commonsense” tasks. That means robots will become extremely useful in everyday life.

AI will make the impossible possible

AI is starting to make what was once considered impossible possible, like driverless cars,” explained Russell Glenister, CEO and founder of Curation Zone. “Driverless cars are only a reality because of access to training data and fast GPUs [graphics processing units], which are both key enablers. To train driverless cars, an enormous amount of accurate data is required and speed is key to undertake the training. Five years ago, the processors were too slow, but the introduction of GPUs made it all possible.

AI will revolutionize familiar activities

Dr. Nathan Wilson, co-founder and chief technology officer of Nara Logics, says AI is on the cusp of revolutionizing familiar activities like dining. Wilson predicted that AI could be used by a restaurant to decide which music to play based on the interests of the guests in attendance. AI could even alter the appearance of the wallpaper based on what the technology anticipates the crowd’s aesthetic preferences might be.

AI will pave the way for 3D experiences

Rahnama predicts that AI will transform digital technology from the familiar two-dimensional, screen-imprisoned form

Website: computerscientists.net

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