Week 9 - AI Is Changing How The Business World Works

Artificial Intelligence, or AI, has grown exponentially over the years. As advancements in computer technology grow, so does the capability of Artificial Intelligence. The functionality of AI in the business world was slow in the beginning. From being able to calculate a number from data using a formula that was manually coded, to now being able to do analyze that same data and produce the best possible option all on its own. The early years of AI were mainly to automate the routine tasks performed by many people. Through the constant development of computer technology, AI is becoming more and more versatile and useful for much more than just the routine. To be able to analyze a set of data, a feat only people with college degrees and years of training could do previously, would be ground breaking for the business world. Instead of paying salaries to many people to analyze the data, a company could pay a one time fee for the AI to be installed and run it from then on — possibly saving hundreds of thousands of dollars over the useful life of the AI.

Although it is difficult to pinpoint when AI will reach its climax, it is safe to say that based on the ongoing improvements to computer technology today, AI in general has many more opportunities ahead.

Quickbooks is a bookkeeping software made for companies without Accountants

Comments

Week 9 - Understanding AI Can Be Extremely Beneficial

Knowing how important a role AI plays in the future of business, it's safe to assume that those who are on the AI train will become successful, and those who are not on the AI train — well, good luck. It may or may not be as clear cut as those who understand AI will become successful and those who do not understand AI will not be successful, but with the ever increasing rate of how much AI has been improved upon over the past few years, it may not be a bad idea to learn a little bit about what AI is and how it can improve a business's profitability. Aside from the obvious fact of not paying salaries to employees with jobs that can be done by AI, Artificial Intelligence can sometimes make better decisions than real people. No human being on this planet can say with 100 percent certainty that they are perfect with whatever it is that they do. However, with AI making near perfect decisions is not that far away. With a concept called Deep Learning, it is possible for AI to learn...

Week 4 Blog 1 - Adapt, Adopt, Adept - Chapter 4: Surfing the Tsunami - My Takeaway

After reading Chapter 4 of Surfing The Tsunami by Todd Kelsey, I was informed of the three different levels of responding to AI. Adapting to AI is when one becomes aware of what AI is and where it is heading. Adopting AI is when one starts to utilize AI tools and programs. Finally, being Adept to AI is when one is actively included in the process of pushing the AI boundary and creating new tech that allows it to flourish. Recently, I have been taking a class on Digital Marketing, and at the beginning, I believe myself to have been in the Adapting category. I was aware of AI and what its capabilities were, however, I was not used to utilizing AI and its tools. As of now, however, I believe myself to be in the Adopting category because of my extensive use and research into ChatGPT and OpenAI. These tools are wonderful accessories that enables the search of the vast internet to be much faster and easier. AI like ChatGPT and OpenAI are still in ...

Week 9 - Three Ways To Prepare for AI (Adapt)

In the Book Surfing The Tsunami An Introduction to Artificial Intelligence and Options for Responding by Todd Kelsey, he discusses three ways to integrate oneself into the changing world of AI in order to be ready for AI in the future. The first option, Adapt, is the bear minimum one should do in order to have a leg up on someone else when it comes to AI. When Kelsey talks about adapting, he means to be aware of what the current state of AI is, and to keep tabs on any changes that are made in that industry. By doing this, it enables one to become more aware of the many possibilities that AI has for the future of not only business, but many other industries as well. AI is becoming more and more useful in a multitude of other industries besides business. The medical industry is pushing the boundary with the accuracy of diagnoses in patients by using AI. Even in the gaming industry, AI is becoming more and more prevalent. Recently, Tesla's Owner, Elon Musk and his team ...

Tayseer Zayed

Search This Blog