WHAT MAKES ARTIFICIAL INTELLIGENCE – INTELLIGENT?

Artificial Intelligence will simulate human-like thinking. Rather than being a replacement, it is expected to create new jobs to suit the technological advancements.
Artificial Intelligence

Table of Contents

Why Is AI the latest technology buzzword?

In this technology-intensive world, Artificial Intelligence is the one technology dominating our lives more and more.

Ever browsed Netflix? And see the suggestions that it throws up for you?

Seen ads and other advice on your Facebook feed that interest you

 

Shopping on Amazon?

 

Chances are you will get customised product recommendations. Or you can even check out Amazon’s voice-enabled shopping experience with Alexa.

– It’s no wonder that the predicted market size for Artificial Intelligence in retail by 2027 is $19.9 billion.

Web searches

Music Recommendations

Urban planners predicting traffic

You name it, and AI is there.

Businesses are certainly leveraging their potential, which is why it’s an integral part of our everyday lives.

 

Business Benefits of AI

 

AI is deployed by businesses in all sectors like Healthcare, Manufacturing, Retail, Finance etc. Artificial Technology has helped enhance productivity in day to day operations leading to time and cost-efficient business processes.

Let’s assess some of the significant improvements AI brings to businesses.

 

Data Analysis:

 

Corporate data analysis is a big trend in today’s competitive era. AI can sift through peaks of raw data and intelligently interpret and convert it. It helps establish patterns, find correlations and other meaningful insights. Data analysis allows companies to make sense of their raw data and leverage it.

Artificial Intelligence with predictive analysis helps companies analyse data deeper and faster, allowing more efficiency and better time to markets.

 

Better Customer Engagement

 

AI can make the purchase experience more thoughtful as well as more engaging. It helps with product recommendations. It deploys chatbots to service customer concerns in real-time.

 

Automates Repetitive Tasks

 

Artificial Intelligence has the potential to automate repetitive tasks and get them done by a machine instead of manually. Employees can focus on more productive and satisfying work.

 

Enhances Scalability and RoI

 

AI can analyse vast volumes of disparate data and convert it into valuable data. With better speed and accuracy, AI offers immense value addition for organisations that can use data analysis to scale up.

  • Accenture in 2016 had predicted that AI would transform the relationship between man and computer and enhance labour productivity in developed economies by 40% by 2035.

AI would free employees from mundane routine tasks to become more productive with their time. It will enable creativity and innovation to flourish if appropriately leveraged.

No business can deny its benefits. It makes sense to know more about the technology and understand its basics. This would enable a better understanding of its applications and benefits.

 

But how does it work?

 

What makes it Intelligent?

 

AI functions alongside its subfields and interdependent technologies. These highly advanced technologies enable machines to understand language and acquire experience to carry out the desired function.

 

 Machine Learning

 

Machine Learning is an aide or subset of Artificial Intelligence. It enables software and machines to build upon experience and improvise suggestions and results.

It enables machines to mimic a human’s thought process and behaviour accurately. It banks upon previously collected data to predict outcomes.

Machine Learning can be used across a variety of applications. It can be applied to diagnostics, medical interpretations, malware and fraud detection and business processes.

 

Deep Learning

 

Deep Learning is another subfield. With deep learning, massive amounts and complex data can be processed. Its multi-layered approach gives it its depth. It can minimise data pre-processing to offer faster and more accurate predictions. AI has advanced tremendously with deep learning.

 

Natural Language Processing- NLP

 

With NLP, machines acquire the ability to understand and respond to a language. Its algorithm helps the machine interpret words and language and deliver the required output.

NLP examples include speech recognition, translation, auto text, chatbots, grammar checks etc.

  

Cognitive computing.

 

Cognitive computing is the result of computers simulating human thought processes. Artificial Intelligence, NLP and neural networks merge to create an interactive, intuitive and adaptive computing system.

 

Conclusion

 

Artificial Intelligence will simulate human-like thinking. Rather than being a replacement, it is expected to create new jobs to suit the technological advancements.

 -As per IDC, the global AI market is expected to cross the $500 billion mark by 2023

This indicates that AI will hold the fort as a rising technology star in the future. It will impact businesses and lives considerably.

To know more about AI applications and their impact on business processes, contact OrioneSolutions. We assure you of the best possible solutions tailored to your business success.

Have A Project in Mind?
Chat with Our Experts.

Got a Project in Mind?

Do you have any projects?

Copyright 2022. Orion eSolutions

Awards & Recognition

27114 6
USA

570 E WILLIAM ST San Jose, 
CA 95112

27114 1
Canada

325 FRONT STREET WEST,
 TORONTO, CANADA, M5V 2Y1

27116 1
Australia

Suite 6, 220 Northumberland St Liverpool, NSW 2170

New-zealand-flag-icon
New Zealand

14A Arcadia Road Epsom, Auckland

27130 1
India

D-199, Sector 74 Mohali, 
 Punjab, India - 160055

Copyright © 2024 Orion eSolutions. All Rights Reserved.

Copyright © 2024 Orion eSolutions. All Rights Reserved.

Book Now
By Clicking "Accept All Cookies" ,you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. More information  View more
Cookies settings
Accept All Cookies
Privacy & Cookie policy
Privacy & Cookies policy
Cookie name Active

Privacy Policy

At Orion eSolutions, accessible from https://orionesolutions.com, one of our main priorities is the privacy of our visitors. This Privacy Policy document contains types of information that is collected and recorded by Orion eSolutions and how we use it.

If you have additional questions or require more information about our Privacy Policy, do not hesitate to contact us.

This Privacy Policy applies only to our online activities and is valid for visitors to our website with regards to the information that they shared and/or collect in Orion eSolutions. This policy is not applicable to any information collected offline or via channels other than this website.

Consent

By using our website, you hereby consent to our Privacy Policy and agree to its terms.

Information we collect

The personal information that you are asked to provide, and the reasons why you are asked to provide it, will be made clear to you at the point we ask you to provide your personal information.

If you contact us directly, we may receive additional information about you such as your name, email address, phone number, the contents of the message and/or attachments you may send us, and any other information you may choose to provide.

When you register for an Account, we may ask for your contact information, including items such as name, company name, address, email address, and telephone number.

How we use your information

We use the information we collect in various ways, including to:

  • Provide, operate, and maintain our webste
  • Improve, personalize, and expand our webste
  • Understand and analyze how you use our webste
  • Develop new products, services, features, and functionality
  • Communicate with you, either directly or through one of our partners, including for customer service, to provide you with updates and other information relating to the webste, and for marketing and promotional purposes
  • Send you emails
  • Find and prevent fraud

Log Files

Orion eSolutions follows a standard procedure of using log files. These files log visitors when they visit websites. Al