IAC 2024 - IA Fast Track to Search Focused AI Solutions
Artificial intelligence- Fundamentals
1. What Are The Advantages Of Artificial
Intelligence?
One may getconfusedaboutthe term Artificial Intelligence.There have beenmanycontroversies
arisingfromthistopicin the human race. Howeverwithoutknowing,people are gettingusedtoit
and itis gettingappreciatedbythose whofearitseffect. Some argue thatwhenitcomesinfull use,
it will cause huge unemployment. However,the factisthat the whole thingiscontrolledand
maintainedbythe same humans.Thisisan employmentopportunity insteadof unemployment.
Artificial Intelligenceissimplymade tomake humanlife stressfreeandrelax.Here are few benefits
of the whole technology.
Insightin Marketing and Business
Data is consideredtobe the mostimportantraw material fora change inthe economyand make it
digital. However,thisrawdatais of no use and staysuntapped,unprocessed. Itcanactuallycome
intouse in data mining,andprocessingof bigdatawithinafew minutestoprovide informationon
businessinsights.
Fraud Detection
One of the bestexamplesof Artificial Intelligence performanceisthe 2012 movie Battleship.
Artificial intelligence canbe deployedinthe detectionof fraudbydataanalysisof several fraudulent
behaviours.The systemcantrace out linksandpossible direction,whichafraudismostlikelytotake
throughthe applicationof artificial intelligence,whichinvolvesDataanalysisof previousrecord
deployedinacognitive systemtotrack,trace, and evenbe totallybe aware of possible fraudulent
actionbefore theyoccur.
2. SpeedyInput and Managementof NewInformation
Overthe yearsorganisationshave beentryingtotake control overthe data,speedilyinputthemand
alsorecoverthe same whenrequired.Thishastocross few stagesfromintroductionof filingto
several otherstorage methods. However,datacan be imputedata fasterrate and alsobe fast in
recovery,andarrangingeverysingle file accordinglywithouttime wastage bythe use of artificial
intelligence.
Big Data Analysis
For eachand everycompany,organizationandgovernment, decisionmakingplaysacrucial part. A
single minute errorcanruinan organization.There are nnumberof data that keepsflowingand
each needtobe analysedproperlybefore comingtoadecision.
Big data analysishelpstoextract,analyse andalsocompressraw dataintodecisionmaking.
Automated Systems
Since the evolutionof the industrial sector,the improvementof the technologyhasalwaysbeen
recognizedandhas workedalongside automatedsystemstomake the workseamless.Use of
Artificial IntelligenceinHotel bookings,tractors,factorymachine are all graduallybecoming
automatedwithlotof benefitsfromminimizingwaste,decreasingerrorsandalsoincreasing
production.
As business,begintoplantheirgrowth;itisimportanttointroduce AIinthe same.Itcan change the
face of the businessandalsohelpinthe developmentof economy.