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How Artificial Intelligence Will Change Decision Making For Businesses

Artificial Intelligence refers to machine’s ability to replicate the cognitive functions of a human being. It can learn & tackle the issues. In computer science engineering, these artificial intelligence machines are appropriately called “intelligent agents” or "bots".

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How Artificial Intelligence Will Change Decision Making For Businesses

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  1. How Artificial Intelligence Will Change Decision Making For Businesses

  2. What Is Artificial Intelligence (AI)? • AI refers to machine intelligence or a machine’s ability to replicate the cognitive functions of a human being. • The ability to learn and solve problems. • These machines are aptly called “Intelligent Agents” or “Bots”.

  3. Artificial Intelligence Spectrum • Today, there are three recognized levels in the AI spectrum, all of which we can experience today:- Assisted Intelligence. Augmented Intelligence. Autonomous Intelligence. • Assisted Intelligence – This refers to the automation of basic tasks. Examples include machines in assembly lines. • Augmented Intelligence – There is a give and take with augmented intelligence. AI learns from human input. We, in turn, can make more accurate decisions based on AI information. • Autonomous Intelligence – This is AI with humans out of the loop. Think self-driving cars and autonomous robots.

  4. Deep Learning in AI • Deep learning pertains to the use of artificial neural networks (ANNs) in order to facilitate learning at multiple layers. • It is a part of machine learning based on how data is presented, instead of task-based algorithms. • Deep learning has led the way in revolutionizing analytics and enabling practical applications of AI.

  5. Artificial Intelligence in Business • According to Dr. John Kelly III, “The success of cognitive computing will not be measured by Turing tests or a computer’s ability to mimic humans. It will be measured in more practical ways, like return on investment, new market opportunities, diseases cured and lives saved.” • AI application development has provided marketers with new and more reliable tools in market forecasting, process automation and decision-making.

  6. AI and Business Decisions • AI and its eventual commercial application, executives have had to rely on inconsistent and incomplete data. • Artificial Intelligence, they have data-based models and simulations to turn to.

  7. Application of AI • AI applications that enhance decision-making capacities:- Customer Relationship Management Social Computing Automation Efficiency & AI Opinion Mining Expert System Marketing Decision-Making with AI

  8. Future of Business Decision-Making With AI • There shouldn’t even be the more practical scare of losing people’s jobs to machines. • Experts say that AI can actually enhance people’s jobs & allows them to work more efficiently. • Enhance the work of individual team members. • AI improves the competitive standing of the business.

  9. Are You Looking for a Artificial Intelligence Mobile App Developer Contact Us https://www.consagous.com/artificial-intelligence/ https://www.consagous.com/ info@consagous.com

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