Artificial Intelligence for Business

Vignette of Artificial Intelligence

Artificial Intelligence simulates human intelligence in machines programmed to anticipate similarly to humans. It has capability to rationalize and take decisions like learning and problem solving. Artificial Intelligence is based on reasoning, learning and perception. Algorithms act as structure using mathematics, computer science, linguistics, psychology in the artificial intelligence. Weak AI are simple and single task oriented whereas and Strong AI are complex like humans. AI researches have been in the areas of Machine Learning, Natural Language Processing and Deep Learning leading to easy availability of data and parallel processing.

GPU clusters are widely used as Cloud Services over the Internet. It automates repetitive learning and discovery through data. Analyses deeper data through neural networks building a fraud detection system. It adds intelligence to existing applications like implementing automation, conversational platforms, bots and smart machines , combining with large amounts of data. It comprises of several progressive learning algorithms involving classification and predictive analysis. It provides high level accuracy through deep neural networks using Deep Learning, Image Classification and Object Recognition. It analyses the data and implements self-learning.

Pre-eminence of Artificial Intelligence

• Gross GDP growth of 26 percent by 2030 – Through Predictive and Prescriptive applications
• Rise in business productivity by 40% - Entrepreneurs drive new businesses by cutting operational costs
• 85% Customer Service – Chatbots govern Customer Service portals
• 15% Artificial Intelligence Companies- Adopted AI to improve customer experience through Data Refining and On-Site and Hyper Personalization
• $4 trillion Business Value - AI Augmentation will create humungous business value
• 50% growth in Cognitive and AI Systems - AI Powered Voice assistants, platforms and devices