How Artificial Intelligence Will Transform Business

9/30/2019

How Artificial Intelligence Will Transform Business

How Arti cial Intelligence Will Transform Business usm systems Sep 30 ¡ 3 min read

https://medium.com/@swetha23/how-artificial-intelligence-will-transform-business-8e2746bce215

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9/30/2019

How Artificial Intelligence Will Transform Business

Many people still associate artificial intelligence with sci-fi dystopias, but as artificial intelligence develops and becomes more common in our daily lives, that symptom is diminishing.

While acceptance of artificial intelligence is a new phenomenon in mainstream society, this is not a new concept. The modern field of artificial intelligence came into existence in 1956, but it took decades to make significant progress in developing an artificial intelligence system and turning it into a technical reality.

In business, artificial intelligence has a wide range of uses. In fact, most of us interact with artificial intelligence in some form or another every day.

From mundane to breathtaking, artificial intelligence is already hurting every business process in every industry. With the expansion of artificial intelligence technologies, they are becoming imperative for businesses that want to remain competitive.

What is Artificial Intelligence?

Before examining how artificial intelligence technologies are impacting the business world, it is important to define the term. “Artificial Intelligence� is a broad and generic term that refers to any type of computer software that https://medium.com/@swetha23/how-artificial-intelligence-will-transform-business-8e2746bce215

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How Artificial Intelligence Will Transform Business

engages in human-style activities, including learning, planning and problem-solving. Calling specific applications “artificial intelligence” is like calling the 2013 Honda Accord a “vehicle” — it is technically correct, but it lacks specifics. To understand what kind of artificial intelligence is key in business, we need to dig deeper.

Machine Learning Machine learning is one of the most common types of artificial intelligence in development for business purposes today. Machine learning is mainly used to process large amounts of data quickly. These types of artificial intelligence algorithms, which appear to be “learning” over time, do more and more of the things they do. Give more data to the machine learning algorithm and improve its modeling. Machine learning can be used to keep vast amounts of data, mostly compressed by the Internet, of connected devices and contents in a digestible environment.

For example, if you operate a manufacturing plant, your machines are hooked up to the network. Connected devices provide a steady stream of data about functionality, production and more to the central location.

Unfortunately, this is too much data for a human to sift through, and even if they can, they will lose a lot of samples. Machine learning can analyze data https://medium.com/@swetha23/how-artificial-intelligence-will-transform-business-8e2746bce215

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How Artificial Intelligence Will Transform Business

faster, identify patterns and anomalies. If a machine operates at low efficiency in a manufacturing plant, a machine learning algorithm will tell decision-makers that it is time to send it to a preventive maintenance team.

But machine learning is also a relatively broad category. Artificial Intelligence The development of artificial neural networks, a web that is interconnected with “nodes”, has led to what is known as “deep learning.”

Deep learning Deep learning is a more specific version of machine learning that relies on neural networks to engage in nonlinear reasoning. Deep learning is essential to perform more advanced functions such as fraud detection. This can be done by analyzing a wide range of factors at once. For example, for self-driving cars to work, a number of factors must be identified, analyzed, and responded to at once. Deep learning algorithms are used to help selfdriving cars visualize information gathered by their sensors, such as the distance of other objects, the speed at which they are moving, and where they are in 5–10 seconds. All of this information is computed side-by-side to help make decisions about when a self-driving car should change lanes.

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How Artificial Intelligence Will Transform Business

Deep learning holds great promise in the business and soon it will be commonly used. Older machine learning algorithms tend to plateau in their ability after capturing a certain amount of data, but deep learning models improve their performance as more data is received. This makes deep learning models more scalable and detailed; You can also say that deep learning models are very independent.

Artificial Intelligence and Business Today Instead of working with human intelligence and ingenuity, artificial intelligence is usually seen as an auxiliary tool. Although Artificial Intelligence is currently difficult to complete in the real-world commonsense, it is adept at processing and analyzing data troves much quicker than the human brain. Artificial intelligence software then returns with synthesis functions and displays them to the human user. In this way, humans can use artificial intelligence to help the game evolve

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