Artificial Intelligence

Topic: What is Artificial Intelligence? What is its significance for business organizations? Explain how it is used by one such UK based organization of your choice. Provide appropriate examples to support your content. 

Artificial intelligence (AI) is the buzz word these days in our present industries. In simple words, AI could be defined as human to machine interaction using computer application. Although, we don’t have any predefined definition for AI, but we predict that with new and improvised technology we could create a higher standard and more secure standard of living for human being. With help of technology, we could work intelligently and have a virtual future with robots, IOT (Internet of things) and Data science.

However, with this automation processes, we do have a major significance on our business organizations. Firstly, we increase competition and improve efficiency. Secondly, clients expect to have a advanced solution with use of AI, IOT and machine to human interaction. As demand increase, we gain massive productivity in our business. Finally, we have a major cut in timeline, as save time and invest on the technologies. 

Nevertheless, AI is the basis of computer technology and is our future to make complex decision based on the data. The amount of data created with these technologies is giant. Henceforward, we do have data scientist and other specialist to analyze these big data. With help of algorithm and machine learning techniques we try to predict the accuracy of the data. For example, we work on retail modelling. We have the data of number of items, the population type, specification and other technical items. Later we do a comparative study with other stores to understand how the data could be validated. Although the procedure the dense and requires time to have a final decision. While, we do have many disadvantages with this kind of automated technologies. The major concern is the security of data or privacy concerns. How can we address the concern when the sensitive data is being stored in the database? With help of hackers, we could track and release the passwords which could sanitise the whole security of the facts. Still, we could fight against this privacy and create technology in sophisticated use for Human purpose. 

With my experience in UK based organization, the demand for AI is very important skillset any individual should have to own a business or understand the detailed information. Although, it kills the creativity and does not improve unless being upgraded periodically. AI is totally depended computers which goes outside the supervised learning with more testing (trial and error) by the research scholars. Although, AI helps to solve foremost sustainable problems and also help us to create a future with more advanced technology and security control system.

Concluding, there is not good or bad for AI, there is risk involved in every task. The benefits for environment, medical applications, transportation, security system, Better human and business intelligence, Autonomous vehicles researched by Tesla, Uber etc. We need to learn and update our human skills to grow in this fast-moving technological world. In a nutshell, we have the power to elevate the data and predict the insights to achieve our desired goals with the help of AI and machine learning.