Tapping into the potential of Artificial Intelligence

Manoj Basu

Information Technology Expert – Synergy Group

In a world where buzzwords come and go, Artificial Intelligence (AI) has been remarkably imperishable. The technology which first emerged as a concept in the 1950s, there has been a relatively constant flow of technologies, products, services, and companies that claim to be Artificially Intelligent. It is quite likely that a solution you are investing in today is being referred to as AI-enabled or machine-learning-driven.

The ideal characteristic of artificial intelligence is its ability to rationalize and take actions that have the best chance of achieving a specific goal.

Artificial Intelligence refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions. The term may also be applied to any machine that exhibits traits associated with a human mind such as learning and problem-solving.

As an emerging technology, AI faces and will continue to face its fair share of challenges. On the one hand, consumers remain wary about adopting new technology. Envisioning a world where humans are displaced by AI-empowered machines gone amuck may be haunting a few late adopters. On the other hand, companies express frustration that AI has yet to prove itself to be the magic pill that will streamline every business process and pave a path to bountiful profits.

It's time to start using AI in the eCommerce segment of the retail industry. Read on how AI is changing the way online stores operate and provide services to their customers.

Artificial Intelligence has progressed to the point where it has become an essential component of the eCommerce industry. Considering this advancing trend, many eCommerce businesses have begun to use different forms of artificial intelligence for understanding their customers’ buying behaviour, offering relevant products at the right time, and identifying competitors’ strategies by enabling AI reliable analytics.

Spending on research, development and deployment continues to rise, and debate over the wider social implications rages on. Meanwhile the incentives only get bigger for those looking to roll out AI-driven innovation into new areas of industry, fields of science, and our day-to-day lives.

Understanding Artificial Intelligence - When most people hear the term artificial intelligence, the first thing they usually think of is robots. That's because big-budget films and novels weave stories about human-like machines that wreak havoc on Earth. But nothing could be further from the truth.

Artificial intelligence is based on the principle that human intelligence can be defined in a way that a machine can easily mimic it and execute tasks, from the simple to those that are even more complex. The goals of artificial intelligence include learning, reasoning, and perception.

As technology advances, previous benchmarks that defined artificial intelligence become outdated. For example, machines that calculate basic functions or recognize text through optimal character recognition are no longer considered to embody artificial intelligence, since this function is now taken for granted as an inherent computer function.

AI is continuously evolving to benefit many different industries. Machines are wired using a cross-disciplinary approach based in mathematics, computer science, linguistics, psychology, and more.

Applications of Artificial Intelligence - The applications for artificial intelligence are endless. The technology can be applied to many different sectors and industries. AI is being tested and used in the healthcare industry for dosing drugs while treating the patients and following surgical procedures in the operating room.

Special Considerations - Since its beginning, artificial intelligence has come under the scrutiny of scientists and the public simultaneously. One common theme is the idea that machines will become so highly developed that humans will not be able to keep up and they will take off on their own, redesigning themselves at an exponential rate.

Another contentious issue many people have with artificial intelligence is how it may affect human employment. With many industries looking to automate certain jobs through the use of intelligent machinery, there is a concern that people would be pushed out of the workforce. Self-driving cars may remove the need for taxis and car-share programs, while manufacturers may easily replace human labor with machines, making people's skills more obsolete….that is the ‘thrust’.

However, how intelligently artificial intelligence is explored for the advantage of mankind, that finally matters !