

Machine learning is useful for putting vast troves of data – increasingly captured by connected devices and the Internet of Things – into a digestible context for humans.įor example, if you manage a manufacturing plant, your machinery is likely hooked up to the network. If you feed a machine-learning algorithm more data its modeling should improve. These types of AIs are algorithms that appear to “learn” over time.

Machine learning is primarily used to process large amounts of data quickly. Machine learning is one of the most common types of AI in development for business purposes today. To understand what type of AI is predominant in business, we have to dig deeper. Calling specific applications “artificial intelligence” is like calling a car a “vehicle” – it’s technically correct, but it doesn’t cover any of the specifics.
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“Artificial intelligence” is a broad term that refers to any type of computer software that engages in humanlike activities – including learning, planning and problem-solving. What is AI?īefore examining how AI technologies are impacting the business world, it’s important to define the term. As AI technologies proliferate, they are becoming imperative to maintain a competitive edge. From the mundane to the breathtaking, artificial intelligence is already disrupting virtually every business process in every industry. In fact, most of us interact with AI in some form or another on a daily basis. In business, artificial intelligence has a wide range of uses. The modern field of AI came into existence in 1956, but it took decades of work to make significant progress toward developing an AI system and making it a technological reality. While acceptance of AI in mainstream society is a new phenomenon, it is not a new concept. Today, artificial intelligence is a household name – and sometimes even a household presence (hi, Alexa!). Many people still associate AI with science-fiction dystopias, but that characterization is waning as AI develops and becomes more commonplace in our daily lives. You probably interact with artificial intelligence (AI) on a daily basis and don’t even realize it.


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