Skip to main content
UploadLanguage (EN)Support
BusinessMobileSocial MediaMarketingTechnologyArt & PhotosCareerDesignEducationPresentations & Public SpeakingGovernment & NonprofitHealthcareInternetLawLeadership & ManagementAutomotiveEngineeringSoftwareRecruiting & HRRetailSalesServicesScienceSmall Business & EntrepreneurshipFoodEnvironmentEconomy & FinanceData & AnalyticsInvestor RelationsSportsSpiritualNews & PoliticsTravelSelf ImprovementReal EstateEntertainment & HumorHealth & MedicineDevices & HardwareLifestyle
Nabeel Adeni, profile picture
Uploaded byNabeel Adeni
PDF, PPTX282 views

The Business of AI

The document explores the transformative potential of artificial intelligence (AI) across various industries, highlighting its business applications, opportunities, and challenges. It discusses the reasons for AI's current prominence, such as increased data availability and advanced algorithms, as well as specific use cases in everyday life and vertical markets. Additionally, it addresses roadblocks to AI adoption and suggests actions for businesses to leverage AI effectively.

Technology◦
Related topics:
Future of Work•
Download as PDF, PPTX
The Business of AI An overview of business applications, opportunities and challenges of Artificial Intelligence MJCET Canada Alumni Talks | May 2020 Nabeel Adeni (IT ‘10) Analyst - AI, CX 1@NabeelAdeni Nabeel.Adeni@Gmail.com NabeelAdeni.Medium.com
2 AI = The New Electricity “Just as electricity transformed almost everything 100 years ago, today I actually have a hard time thinking of an industry that I don’t think AI will transform in the next several years.” Andrew Ng Co-founder, Coursera Adjunct Professor, Stanford University Former Chief Scientist, Baidu Founder, Google Brain
3 “Software is eating the world, but AI is going to eat software” Jensen Huang Founder and CEO, NVIDIA
4 What the heck is AI? - Artificial Intelligence is the field of computer science dedicated to solving cognitive problems commonly associated with human intelligence, such as learning, problem solving & pattern recognition. - Techniques to enable the software to learn from the data fed into it. - Predictions or Insights
5 Why is it a big deal now? - More data than ever before - Faster compute power - Cloud storage - Advanced algorithms - Investment in data & analytics - CX focus - 5G (coming soon)
6 How enterprises can leverage AI?
7 How enterprises can implement AI?
8 AI use cases: in our daily lives ● Chatbots: website customer support ● Virtual assistants: Siri, Alexa ● Facial recognition ● Autonomous driving: Tesla (Autopilot) ● Robotics ● Recommendation systems: ○ Uber: who to ride with ○ Amazon: what to buy next ○ Facebook: who should I connect with ○ Google Maps: what’s the best route
9 AI use cases: Vertical-specific - Manufacturing defect inspections, quality inspections, logistics planning and supply management - Finance fraud detection, risk analysis for loans and mortgages, stock prediction or company valuation predictions - Healthcare drug discovery, aided diagnosis, case capture, product design - Environment monitor water quality contaminants, predict and identify contaminants
10 AI use cases: Function-wise - Marketing Audience segmentation, Targeting, Customer journeys - Sales Lead scoring, forecasting, account info aggregation - Risk Automated loan processing, churn - Commerce Product recommendation, dynamic pricing - Product Product design, demand forecasting, software testing
11 AI in Marketing
12 Potential Roadblocks - Adoption rate: Pilot to production - Access to data - Data privacy & security - Ethics and Bias in algorithms - No one-size-fits-all approach - Talent gap - Ownership in the enterprise - Measuring RoI - Integration with existing stack
13 Actions you need to take (to stay ahead of the curve) - Investigate how AI will impact your industry Identify the skills, tools and certifications you need to stay ahead of the curve - Study the impacts of AI on your current role Identify use cases, read white papers and solution blueprints - Read Prediction Machines, Andrew Ng’s Blog - Take a course Microsoft AI Business School
14 Thank you! @NabeelAdeni Nabeel.Adeni@Gmail.com NabeelAdeni.Medium.com