What is Artificial Intelligence?
Artificial intelligence is the simulation of human intelligence processes by machines. Specific applications of AI include expert systems, natural language processing, speech recognition and machine vision.
Why is artificial intelligence important?
AI is important because it can give enterprises insights into their operations that they may not have been aware of previously. Some AI can perform tasks better than humans, such as analyzing large numbers of legal documents to ensure relevant fields are filled in properly. It can also be more accurate and efficient than humans.
Uber has become one of the largest companies in the world by using computer software to connect riders to taxis. The company uses machine learning algorithms to predict when people are likely to need rides in certain areas. It helps proactively get drivers on the road before they are needed.
Today’s largest and most successful enterprises have used AI to improve their operations and gain advantage on their competitors.