Across the world of enterprise and industry, few trends have seen as much rising investment as artificial intelligence (AI). From robotic process automation (RPA) to self-driving cars to AI-powered data analytics platforms, AI can be found almost everywhere you turn.
Indeed, AI boasts use cases in practically every industry, whether it be healthcare, financial services, or business administration.
AI as an industry is growing rapidly. Gartner expects worldwide AI sales to reach $62 billion in 2022. And a report from Grand View Research valued the global AI market at $93.5 billion in 2021 with a projected compound annual growth rate of 38.1% from 2022 to 2030.
With such a broad number of use cases and widespread expansion, there are numerous reasons that a company would use AI for their specific organization. The benefits listed below will offer a solid general primer about the ways AI adoption can bring overall improvements to an organization.
What is Artificial Intelligence?
In brief, artificial intelligence is, in the words of AI pioneer John McCarthy, “the science and engineering of making intelligent machines.”
In a modern context, AI is typically a computer or computer program that can perform the sort of thinking that humans can. Depending on the AI, this can mean facial recognition, language processing, data analysis, or a number of other tasks and processes.
Like our own minds, artificial intelligence requires data and training in order to learn how to perform these tasks. This training can involve a variety of techniques, including deep learning and natural language processing.
AI’s effectiveness at performing these tasks varies based on:
Continue reading: https://www.eweek.com/enterprise-apps/benefits-of-artificial-intelligence/
Indeed, AI boasts use cases in practically every industry, whether it be healthcare, financial services, or business administration.
AI as an industry is growing rapidly. Gartner expects worldwide AI sales to reach $62 billion in 2022. And a report from Grand View Research valued the global AI market at $93.5 billion in 2021 with a projected compound annual growth rate of 38.1% from 2022 to 2030.
With such a broad number of use cases and widespread expansion, there are numerous reasons that a company would use AI for their specific organization. The benefits listed below will offer a solid general primer about the ways AI adoption can bring overall improvements to an organization.
What is Artificial Intelligence?
In brief, artificial intelligence is, in the words of AI pioneer John McCarthy, “the science and engineering of making intelligent machines.”
In a modern context, AI is typically a computer or computer program that can perform the sort of thinking that humans can. Depending on the AI, this can mean facial recognition, language processing, data analysis, or a number of other tasks and processes.
Like our own minds, artificial intelligence requires data and training in order to learn how to perform these tasks. This training can involve a variety of techniques, including deep learning and natural language processing.
AI’s effectiveness at performing these tasks varies based on:
Continue reading: https://www.eweek.com/enterprise-apps/benefits-of-artificial-intelligence/
