Artificial Intelligence (AI) as the name suggests refers to any kind of activity done by a computer that needs the intelligence of a human. AI is the ability of a machine to display human like capabilities such as reasoning, learning, planning and creativity.Some AI technologies have been around for more than 50 years, but advances in computing power, the availability of enormous quantities of data and new algorithms have led to major AI breakthroughs in recent years. AI is seen a as the heart of Digital Transformation.
AI is widely used in everyday life, below are some AI Powered Applications:
- Online Shopping
- Web Search
- Digital Assistants
- Machine Translations
- Smart Homes and Cities
How does AI work?
AI uses machine learning to imitate the intelligence of the human mind. For this, the computer needs to learn how to react to specific actions. So, it applies various algorithms and compiles data to bring out something which is known as the propensity model. It is this propensity model which will then start making predictions. AI is efficient enough to do much more related to common functions of marketing. It may appear that the machines are all set to take up all actions but human beings still have important roles to play.
AI in business
Artificial Intelligence has the potential to transform every business full-fledged. Once a business model installs AI in its everyday activities, it saves a significant amount of time on repetitive human work and increases the capacity to a large extent.
In the future, there will be a time when humans will get rid of much more workloads with the help of AI.
AI is also helping in detecting many fraudulent activities. Artificial intelligence is improving the existing procedures across various industries around the globe. It is also playing an important role in coming up with solutions to problems that can be more tedious to solve manually.
MPower AI architects backed by sound Deep Learning and Machine Learning professionals have the capability to work with partners from various domains to help you evaluate, maximize and scale opportunities perfectly.