Wednesday, 21 October 2020

5. Present effects of AI

 Present Effects of AI

There is so much that artificial intelligence is being used for and so much more potential that it is hard to picture our future without help it — especially when it comes to business.

From workflow management tools to trend predictions and even the way brands purchase ads, machine learning technologies are driving increases in productivity like never before.

Artificial Intelligence can collect and organize large amounts of information to make insights and guesses that are beyond the human capabilities of manual processing. It also increases organizational efficiencies yet reduces the likelihood of a mistake and detected irregular patterns, like spam and fraud, to warn business in real time about a suspicious activity — among many other things. AI is said to reduce costs in many ways — for example, “training” machines to handle incoming customer support calls and replacing many jobs in that way. It’s also known that if your business doesn’t use AI it’s probably falling behind competitively.

AI has become so important and advanced that a Japanese Venture Capital firm made history by being the first company to nominate an AI Board Member for its capabilities to predict market trends faster than a human.

Artificial intelligence will be and is becoming a commonplace in every aspect of life — like the future of self-driving cars, more accurate weather predictions, or earlier health diagnosis’, just to name a few.

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