Artificial Intelligence: Importance, Evolution, Technology Platforms, and Business Applications

Artificial Intelligence

Table of Contents
INTRODUCTION.....................................................................................................................................3
MAIN BODY...........................................................................................................................................3
What is artificial intelligence and its importance.............................................................................3
Evolution and development of artificial intelligence.......................................................................4
Description of the technology..........................................................................................................4
What technological platforms and software are used in artificial intelligence...............................5
What type of business and organisation uses the technology.........................................................5
How it is effective tool for the businesses?......................................................................................5
CONCLUSION.........................................................................................................................................6
REFERENCES..........................................................................................................................................7

INTRODUCTION
As digital technologies offer new ways to connect, collaborate, conduct enterprise and build bridges
between human beings, it touches the core of all enterprise features or even the methods agencies
are managed. Digital technologies have additionally challenged present business models and
preserve to achieve this. One of the important things riding forces of its miles the potential of
innovation and the consumerization of IT simply additionally plays a very important function. Digital
commercial enterprise is set that degree you spot in many adulthood models (in advertising, ICT,
social, businesses the converged – or completely linked/incorporated stage. From a sheer
technology angle, it goes past the well-known third platform and the evolutions are witnessing
nowadays such as artificial intelligence, cloud computing, the Internet of Things, mobile, Big Data,
etc(Lopez-Jimenez and et.al 2020). This report included the various topics such as importance of
artificial intelligence, its evolution and development, how the artificial intelligence is used,
technology platforms and software, what does business organisations uses as a part of technology,
how it is effectives for the businesses.
MAIN BODY
What is artificial intelligence and its importance
Artificial intelligence is the simulation of human intelligence processes through machines,
especially computer structures. Specific programs of AI consist of professional structures, herbal
language processing, speech popularity and machine imaginative and prescient. As the hype
round AI has accelerated, vendors had been scrambling to sell how their services and products
use AI. Often what they seek advice from as AI is certainly one component of AI, inclusive of
device gaining knowledge of. AI calls for a basis of specialized hardware and software for writing
and education system learning algorithms. No one programming language is synonymous with
AI, however some, which includes Python, R and Java, are famous. In widespread, AI structures
work via consuming huge quantities of categorized education statistics, reading the statistics for
correlations and styles, and the usage of those patterns to make predictions approximately
future states. In this manner, a chatbot this is fed examples of textual content chats can discover
ways to produce realistic exchanges with human beings, or a photo recognition device can learn
how to discover and describe items in photos through reviewing thousands and thousands of
examples AI programming makes a speciality of 3 cognitive abilities such as mastering, reasoning
and self-correction(Hutson, 2018).
Today, the amount of data this is generated, by using each human and machines, far outpaces
humans’ capacity to soak up, interpret, and make complicated selections primarily based on those
facts. Artificial intelligence paperwork the idea for all pc mastering and is the future of all complex
choice making. As an instance, maximum human beings can figure out how to now not lose at tic-
tac-toe (noughts and crosses), even though there are 255,168 unique actions, of which forty-six,080
end in a draw. Far fewer folks might be considered grand champions of checkers, with extra than
500 x 1018, or 500 quintillion, exceptional potential actions. Computers are extraordinarily efficient
at calculating those combinations and permutations to arrive at the best decision. AI (and its logical
evolution of system learning) and deep learning are the foundational future of business decision
making.