Artificial Intelligence

What is AI?

Artificial intelligence is the simulation of human intelligence processes by machines, especially computer systems. Specific applications of AI include expert systems, natural language processing, speech recognition and machine vision.

Why is artificial intelligence important?

AI is important because it can give enterprises insights into their operations that they may not have been aware of previously and because, in some cases, AI can perform tasks better than humans.

when it comes to repetitive, detail-oriented tasks like analyzing large numbers of legal documents to ensure relevant fields are filled in properly, AI tools often complete jobs quickly and with relatively few errors.

This has helped fuel an explosion in efficiency and opened the door to entirely new business opportunities for some larger enterprises.

Prior to the current wave of AI, it would have been hard to imagine using computer software to connect riders to taxis, but today Uber has become one of the largest companies in the world by doing just that. It utilizes sophisticated machine learning algorithms to predict when people are likely to need rides in certain areas, which helps proactively get drivers on the road before they're needed.

As another example, Google has become one of the largest players for a range of online services by using machine learning to understand how people use their services and then improving them. In 2017, the company's CEO, Sundar Pichai, pronounced that Google would operate as an "AI first" company.

Today's largest and most successful enterprises have used AI to improve their operations and gain advantage on their competitors.

What are the advantages and disadvantages of artificial intelligence?

Artificial neural networks and deep learning artificial intelligence technologies are quickly evolving, primarily because AI processes large amounts of data much faster and makes predictions more accurately than humanly possible. While the huge volume of data being created on a daily basis would bury a human researcher, AI applications that use machine learning can take that data and quickly turn it into actionable information. As of this writing, the primary disadvantage of using AI is that it is expensive to process the large amounts of data that AI programming requires.

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