Build a competitive advantage and outperform using artificial intelligence.
Throughout history, humans have used machines to increase productivity, whether harnessing water, fire, steam, steel, electricity, and electronics. We have now entered the age of artificial intelligence (AI), whereby we use intelligent machines and enable intelligent automation.
AI refers to a software capability that is trained, or learned, as opposed to being programmed with explicit instructions. AI learns from the vast and ever-increasing amounts of both structured data (eg, data in rows and columns) and unstructured data (eg, words, images, sounds, sensors). AI is not a new concept, but the reason it is taking off now is due to a confluence of enablers; the amount of data being generated is increasing, and AI improves with more data; the cost of storing and processing data is decreasing, enabled by cloud technologies; advancements in machine learning algorithms (coding techniques), particularly deep learning (neural networks), means AI is learning to do more complex cognitive work. Ultimately this means AI is in a virtuous cycle of getting faster and cheaper to use.
AI solutions can provide some of the following benefits:
- Efficiency and productivity gains
- Improved speed of business
- Automation of routine tasks
- Better decision-making with accurate data
- Improved monitoring
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