How Artificial Intelligence Will Change Decision Making For Businesses

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How Artificial Intelligence Will Change Decision
Making For Businesses
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What Is Artificial Intelligence (AI)?

• AI refers to machine intelligence or a machines
  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.

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Artificial Intelligence Spectrum

• Today, there are three recognized levels in the
  AI spectrum, all of which we can experience
  today-

1. Assisted Intelligence.
2. Augmented Intelligence.
3. 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.

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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.

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Artificial Intelligence in Business

• According to Dr. John Kelly III, The success of
  cognitive computing will not be measured by
  Turing tests or a computers 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.

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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.

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Application of AI

• AI applications that enhance decision-making
  capacities-

Customer Relationship Management
Social Computing
Automation Efficiency AI
Marketing Decision-Making with AI
Opinion Mining
Expert System
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Future of Business Decision-Making With AI

• There shouldnt even be the more practical scare
  of losing peoples jobs to machines.
• Experts say that AI can actually enhance peoples
  jobs allows them to work more efficiently.
• Enhance the work of individual team members.
• AI improves the competitive standing of the
  business.

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