What is Artificial Intelligence?
Artificial Intelligence is a process of simulating human intelligence through some creative ideas and applications of algorithms built into a dynamic computing environment. AI requires computational systems, data, and data management.
AI works by devouring bunches of labeled training data, analyzing the data to correlate the various patterns, and using these patterns to make predictions about future goals. AI programs focus on three fundamentals: learning, reasoning, and self-correction.
Importance of AI
There is no doubt that AI performs tasks better than humans. AI is important in many businesses as it provides clear insights from data that they were not aware of. When it comes to performing detail-oriented tasks like analyzing huge numbers of legal data, AI completes its job efficiently and effectively.
AI delivers consistent results. AI performs its tasks with the explosion of efficiency and new organizations with better AI teams get several opportunities for some larger organizations.
For example: who would have thought that a computer system can connect the riders to taxis, but today Uber, OLA, and multiple organizations have made this true and earned the crown of success by doing this.
Today with the use of AI, life has become easier. Imagine a scenario where a person from 1920 walks in the present time, he would be dumbfounded by the advancements in technology, how we can literally talk to our phones (Eg- Alexa), and how we are using little devices (Smartphones) to perform everyday tasks! Well, all the credit goes to Artificial Intelligence!
Role of AI in various businesses
AI has become a part of our daily commute from searching the web to looking for social media feeds. Whether we are aware of it or not, our likes and dislikes or interests on social media create a vast effect on our lifestyle as well as on businesses. Many eminent companies like Heineken are using AI to collect data, analyze it, and for making informed decisions.
Role of AI in business management: AI works to use applications in more creative ways. They analyze the given data on customer interests and predict useful ideas for better success such as spamming filters, categorization of emails smartly, creating security surveillance, and process automation.
According to Gartner, in 2015, only 10% of the companies used Artificial Intelligence in the decision-making process. Skipping to 2019, the number hiked to 37%, which is almost thrice in just 4 years!
Role of AI in E-commerce: The role of AI in E-commerce is providing services according to what customers need such as providing personalization as a service, recommending products or purchase predictions, etc.
According to a 2019 Ubisend Study, it was found that 20% of the surveyed customers were willing to purchase goods or services through a chatbot. While the other 40% of customers use chat boxes for availing themselves of great deals and offers.
According to Gartner, global E-commerce sales are likely to reach $4.8 billion by the end of the year 2021. While 80% of all the customer interactions are going to be managed by AI technologies shortly.
Role of AI in marketing: AI provides recommendations and content curation to businesses. It optimizes and targets the ad, does real-time bidding. It creates predictions based on customer services by looking through the insights.
According to a study conducted by Smartinsights.com of 100 Senior Marketers, “55% of companies are either currently implementing or actively investigating some form of AI initiative” narrating their confidence in AI.
Importance of AI in K-12
AI enables the application of higher levels of learning through innovative and interactive ways. An educational system with AI treats the students individually so that they can put more focus on specific topics and find ways to guide them and make them understand their careers. AI also helps tutors in various ways so that they can focus on individual students. In addition to these, it also provides feedback about students, teachers, and lessons. AI alerts tutors to work according to the feedback and helps students to learn better.
According to research by McKinsey, almost 20-40% of the time in the current teaching system takes away hours. These activities can be automated using Artificial Intelligence. This can save up to 12-13 hours per week for the teachers that can be utilized for other fruitful activities and teaching students worth the while. This will ultimately help in increasing student outcomes as well as teacher satisfaction.
Thus, we can safely conclude that introducing AI in K12, will help both teachers as well as the students. An advanced classroom with a modern infrastructure can certainly help pupils to learn more. By introducing technology into teaching will also allow teachers to save their ample amount of time.
AI evolved as a career
Many enterprises were not familiar with the concept of AI.According to the survey taken in the United States in 2017, only 17% of total senior business leaders were aware of Artificial Intelligence. Many of them were completely clueless about the effects of AI in their business.
However, today’s scenario has changed completely. Business leaders have started to realize the importance of AI and its application in the decision-making process has led them to make better and informed decisions.
“AI will be a great transformer, improving the efficiency of many sectors and enabling the creation of higher-value services that can lead to overall economic growth”,- Dan Ayoub, General Manager of Mixed Reality Education at Microsoft
Artificial Intelligence is an automation that is transforming every walk of life. It is the most crucial tool that helps organizations to rethink how we integrate information, analyze the data, and use the insights to modify decision-making.
Today, AI is the only word that is on the tip of every business leader’s mind. AI is the most appearing career in-demand area of the expertise of job seekers.
How To Acquire AI skills?
For learning AI skills and to build a resume with AI architect knowledge, it is very important to pursue a certification course in Artificial Intelligence. Given below is the list of some renowned institutions offering the best AI Certification Programs–
- USAIITM Certification Programs- The USAII Certifications in Artificial Intelligence is the most sought-after program due to its unrivaled framework of knowledge on AI practices to perform data analysis and autonomous computing with unmatched functionality and business value.
- Stanford University
- Duke University
- Imperial College of London