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echnology has impacted our lives a lot and made this world fast-paced and very advanced. One of the major awe-inspiring technologies is Artificial intelligence. Although the technology is still growing and evolving from its nascent stage, people believe digital transformation companies in USA have a larger scope. They invest billions in research for tapping into its potential to amplify the growth of AI technology.

Thus, Artificial Intelligence has been continuously rendering its presence today in almost all events, and its applications find their use in different verticals. Business is no exception and instead has a greater weightage of AI usage due to enormous benefits rendered by AI. From streamlining operations to informed and accurate decision making, AI handles it all.

Check out all the significant breakthroughs in business owing to AI in 2020.

What is Artificial Intelligence?

Artificial intelligence (AI) refers to the imitation of human intelligence by the machines which were programmed and taught to think like humans as well as mimic human actions, to reduce the work that requires human intervention.

AI has become ubiquitous today, ranging from recommending what an individual should buy next in online shopping. You can find it understanding and act accordingly by virtual assistants like Amazon’s Alexa and Apple’s Siri. It is the best way of identifying what and who is featured in a photo, spotting, and reporting spam, till detecting credit card malpractice.

Types of AI 

In an absolute sense, AI can be classified into two types –  narrow AI and general AI. 

1. Narrow AI is the term referring to the intelligent systems which were trained/ taught to carry out specific tasks without being intensely programmed on how to do a task. The finest example of this kind of AI is the language as well as voice recognition seen in virtual assistants like Siri. 

2. Meanwhile, general AI resembles adaptable intellect that is seen in humans. It implies that general AI is a kind of flexible form of intelligence that can learn the technique of how to perform a multitude of tasks. They can be anything from virtually creating spreadsheets to physically cutting hair. This general AI is enormously seen in movies, say HAL / Skynet (The Terminator),  but isn’t in existence today and the AI experts fiercely predict how soon it would be a reality.

Artificial Intelligence:  The Ultimate Path to Scale Your Business in 2020

Some of the powerful and unique features of AI like the power of autonomous, data analytics, machine learning, self-regulated and self-sustaining systems, deep learning and much more has rendered profound momentum which helps in employing it in business for various needs. It is used in various degrees in different aspects of the business right from the administration, HR, operations, finance, marketing, to sales as a wide range of issues and uncertainties like security, inability to understand, analyze and use the data, dynamic customer needs and expectations, and many more.

According to the report, it will enhance productivity by 40% and would offer a business value of  $2.9 trillion by 2021. Hence, it is advisable to take a digital transformation consulting, understand these AI trends, and act wisely.

Also, as per another recent study, adopting Artificial Intelligence services can positively boost the nation on the whole as 58 million new jobs would be created by employing AI usage. Due to this, unemployment too can be resolved to a very great extent. Thus, explore and understand how AI can drastically improve one’s business.

AI Advantages in Business 2020

  • Enhanced User Experience

The customer/user is the king/ ultimate center of importance in any business. Offering the best user/ customer experience is the only way to personally connect with them and make them come back for more. AI would aid a business in offering excellent user experience. It is because bringing in AI helps automate the process whereby the quickest responses are offered to the queries if the user. 

  • Informed Decision Making

Decision making is one of the key processes involved inside the business institution and in the external world, too, between a business organization and other entities. Decision making must be so exact as customers are driven either to one’s organization or away from one’s organizations depending on the critical decisions made. 

The potential of the digital transformation industry can be exploited here like the booming AI. AI can help in analyzing voluminous, variant and complex data, very quickly and understanding the perspectives of customers and their actual needs can be understood. By understanding actual needs, products and services can be offered accordingly, and the business thus can be accelerated.

Continue Reading – https://www.mobinius.com/blogs/artificial-intelligence-in-business#What_is_Artificial_Intelligence

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