Understanding Artificial Intelligence

Artificial intelligence (AI) enables machines to learn from experience, it helps them adjust to new inputs and perform human-like tasks. Most of the AI examples that you come across everyday rely mainly on deep learning. From UBER to Amazon, each organization is utilizing artificial intelligence to bring out the best results to engage more customers and increase the number of sales.

Why Artificial Intelligence is Important?

• AI automates repetitive & self-learning using data. Artificial Learning performs reliably with is different from hardware-driven, robotic automation. Instead of automating manual tasks, AI performs frequent, high-volume, computerized tasks reliably and without fatigue. For this type of automation, human inquiry is still essential to set up the system and ask the right questions.
• AI adds intelligence to existing products. In most cases, AI will not be sold as an individual application. Rather, products you already use will be improved with AI capabilities, much like Siri was added as a feature to a new generation of Apple products. Automation, conversational platforms, bots and smart machines can be combined with large amounts of data to improve many technologies at home and in the workplace, from security intelligence to investment analysis.
• AI adapts through progressive learning algorithms to let the data do the programming. AI finds structure and regularities in data so that the algorithm acquires a skill: The algorithm becomes a classifier or a predictor. So, just as the algorithm can teach itself how to play chess, it can teach itself what product to recommend next online. And the models adapt when given new data. Back propagation is an AI technique that allows the model to adjust, through training and added data, when the first answer is not quite right.
• AI analyzes deep data: Artificial Intelligence analyses the data with more effectiveness using neural networks consists of multiple hidden layers. A few years ago, it was almost impossible to build a fraud detection system Building a fraud detection system with five hidden layers was almost impossible a few years ago. All that has changed with incredible computer power and big data. You need lots of data to train deep learning models because they learn directly from the data. The more data you can feed them, the more accurate they become.
• AI achieves impeccable accuracy: AI tends to achieve accuracy via deep neural networks – which has been previously impossible. For example, Alexa, Google Assistant and Siri are all great examples of Artificial Intelligence; hence your interactions with them are all based on deep learning. They tend to improvise their performance skills with more usage.
  
• AI collects maximum data: When algorithms are learning and processing on their own, then data collection itself can become a tiring procedure. All the answers are there in the data; you just need to apply Artificial Intelligence to get it sorted. Since, the role of the data in the recent years has become more important than ever, it can easily create a very competitive advantage for data experts.  If you have collected the best data, irrespective of how you use it or what techniques you imply, best data will always win no matter what.

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