Today, people are scared of fast rise of Artificial Intelligence Concept. There have been misunderstanding and arguments on its acceptance. What if AI turns out to be a disturbing concept for the human race?.
However, under the surveillance, the cognitive system has already begun and in fact is already in extensive use. Few doubt that it will lead to unknown distortions including unemployment. However, artificial intelligence are managed, maintained and even coded by humans.
Our research and analysis say that this is an opportunity to use artificial intelligence to its optimum use in various sectors which can help to improve human way of life and reduce physical and mental stress by automation. Here are the 5 benefits of artificial intelligence.
Transformation To Digital Economy
For marketing and business entrepreneurs, the data is probably the most needed raw material for the transformation of an economy from traditional to a digital economy. However, do you know that this raw information is flowing in the air un-monitored, untapped, unprocessed, and useless?. Allowing AI for data capturing, mining and processing can be done within minutes to grab information on business insights. A good example of digital economy is digital payments for banking, education, shopping etc.
Artificial intelligence can be used to detect fraud by accurately analyzing data of several fraudulent behaviors. Good example of what Artificial Intelligence can do in its full potential, can be watched in a movie called 2012 battleship. AI system can trace out links and possible direction, which a fraud is most likely to take through the application, which involves Data analysis of previous record used in a cognitive system to track, trace, and even be totally be aware of possible fraudulent action before they actually occur.
Quicksilver Speed For Data Management
Over the decades, companies are thriving for ways to manage, input and retrieve data speedily. This process has gone through different stages of improvement from introduction of filing to several other storage methods. From Megabytes to Gigabytes and to Terabytes. However, data can be managed at high speed like quicksilver, arranging every single data file accurately without wasting minuscule of time by the use of artificial intelligence.
Big Data Analysis Through AI
Every organization including governments, depends on fine decision-making. Taking right decision is a challenging role to play before execution. A single error could lead to monstrous loss and it can possibly ruin the organization. Therefore millions of data is being analyzed to make sure that every single aspect of it have been viewed before taking decision. This is called Big data analysis which helps to extract, analyze and compress raw information to assist in decision-making. This can be achieved automatically and accurately through applying AI.
Post industrial revolution, the sector has improved in technology. Industries have understood and recognized the safety, speed and automated work environment for its employees to improve works and achieve goals. Investing in artificial intelligence by hotels in bookings rooms and food is good example. On the other hand, factories and its machinery are all transforming to automation minimizing waste, decreasing errors and improving production.
Today, almost half of the population are online. As a business entrepreneur, it is imperative to introduce AI in your activities. Artificial intelligence can transform the face of your business, and can take your business to next level. Its good to do regular things done by more sophisticated means such as Artificial Intelligent devices.
If we’ve forgot to mention any of the important point, please share with us via comment box below