Artificial Intelligence and Machine Learning

Sep 03, 2023

Management Tools

Artificial Intelligence (AI) is a range of analytical techniques that allows a computer to detect relationships, predict outcomes, and often act based on the patterns in data without being explicitly programmed to do so.

Brief

Artificial Intelligence (AI) is a range of analytical techniques that allows a computer to detect relationships, predict outcomes, and often act based on the patterns in data without being explicitly programmed to do so. Machine Learning is a technology that uses algorithms that learn and improve based on experience and is a major subfield of AI. Together AI and Machine Learning can be powerful tools for companies, enabling them to automate manual processes, optimize customer recommendations, and develop innovative products.

Various subareas of Machine Learning and AI are unlocking innovation in creative fields, sciences, engineering, and others. For example, Deep Learning mimics human learning and is a major enabler of computer vision, natural language processing, Robotics, and others. While the adoption of AI and Machine Learning can unleash new opportunities and insights, reduce costs, and improve processes, it is not without challenges. A growing concern is the ethical implications of AI, such as the risk that data sets used to train AI might reflect real-world bias and discrimination. At the same time, enablers, like cloud machine learning platforms, compute accelerators, and managed AI services, are reducing the technological barrier for businesses to leverage AI products.

To apply Artificial Intelligence and Machine Learning, companies should:

Automation

Data Mining

Deep Learning

Machine Learning Operations

Predictive Analytics

Robotics

Companies typically use Artificial Intelligence and Machine Learning to:

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