The topic of Artificial Intelligence is now becoming more prevalent and then we decided to take a look at why you need Artificial Intelligence for your business says Peter DeCaprio. Here we go.
1. Because AI can make better decisions than humans:
Machine learning (ML) algorithms are considered as the best decision-making system compared to the human brain or any other technology because those systems learn from data and keep on learning by updating themselves with additional data every day, month or year as per their pre-determined time intervals. These machines just do not forget what they have learned and never get tired like us! The machine does not sleep and keeps working round the clock and stores huge volumes of information without getting confused, unlike humans who might forget where he/she has kept something after several months.
2. Because it helps to automate business operations:
AI programs perform tasks automatically and carry out each of the tasks faster than human beings making them more efficient in every field from education to office works. AI system programs to work on a specific amount of data, that too without getting bore which again saves time and efforts requiring for carrying out routine works repetitively! Like for example, an AI chatbot is a virtual assistant which understands human language and responds accordingly making your life simpler by automating many routine works of the customer service division of any organization says Peter DeCaprio.
3. It is able to communicate & interact with humans:
An intelligent system uses natural language processing technology which allows the machine not only to read & recognize text written in natural human language rather, AI allows the machine to understand the meaning of sentences and words through its knowledge base which means that an AI-enabled chatbot can understand what humans speak or write with respect to the context.
4. It has better memory than humans:
A robot can remember everything it learns for future reference, unlike humans who forget where they have kept something after several months of purchase like, for example your previous bills or documents. An intelligent system stores memories in form of data files saved on a hard disk or clouds so that you don’t need to search for them again. Artificial Memory techniques are in use by robots which further improve their efficiency over human beings making them a more reliable option.5. AI enables Automation:
5. An intelligent system can be programe to perform tasks automatically and carry out each of the tasks faster than human beings. Making them more efficient in every field from education to office works. This level of efficiency helps you save time, money, and effort required for carrying out routine works repetitively! Intelligent systems are pre-programming with certain rules. Which defines how they work or what action is to be taken whenever a particular event occurs. For example, an intelligent bot will know what to do. When it receives your email on any specific topic so that nothing interferes with your current workflow.6. It will help you explore new opportunities for business growth:
6. AI-based systems not only help you grow your present business but also give rise to wholly new business opportunities. With the help of big data & advanced ML algorithms, you can get an insight into your customers’ behavior. Which enables you to tailor their requirements accordingly. And offer them products or services which are most likely to be bought by them explains Peter DeCaprio. For example, Amazon analyzes the entire history of its users including their browsing patterns. Buying preferences & feedbacks before suggesting any product to a particular user.7. AI systems have no chance of being biased:
7. This is the beauty of using AI for all your repetitive works that never get bored or tired. Hence it will not discriminate between one task and other. Thus having no chances of being biased, unlike humans who might show a certain amount of favoritism. In some cases where they like someone (say for example good looking, well off or from the same country) more than others.8. It’s a Safe Bet:
8. Artificial Intelligence can never be hack by anyone as it follows strict protocols to avoid data & information security breaches. Which makes it a safer bet for organizations who are concerned about cybercrime or data theft.9. Fault Detection and Correction:
9. AI-based systems not only help you grow your present business but also give rise to wholly new business opportunities. Peter DeCaprio says, with the help of big data & advanced ML algorithms. You can get an insight into your customers’ behavior. This enables you to tailor their requirements accordingly and offer them products or services. Which are most likely to be bought by them10. It reduces unnecessary interventions:
10. Intelligent systems work 24/7 without tiring or feeling bored. So you don’t have to worry about being present all the time around the clock. An intelligent system gives you the liberty of taking a break whenever required. You can return back to your same work position without letting anyone know. That you are away from your desk which makes it even more reliable. Hope this article will help you find what exactly Artificial Intelligence is. Why do you need AI for your business?
With the rapid advancement in technology, AI-based systems are being widely use for all sorts of online tasks. Which include voice-activated search engines, music & movie recommendation bots says Peter DeCaprio. The use of artificial intelligence is growing at a high pace as it offers many benefits. Ranging from simple office work to self-driving cars. It is true that AI-based systems cannot match the creativity or flexibility of the human brain. But they can surely handle different elements like data analysis, speed & efficiency with outstanding results.