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 16 - Where AI is Headed in the Future

Artificial Intelligence is at a point where almost anyone who has access to the Internet has heard of it. But there are still people who do not know for sure what AI is and what its potential uses could be. As it stands, AI is currently used for a multitude of different tasks. Whether it be balancing accounts in a small business or diagnosing patients with physical ailments, AI has the opportunity to succeed at any of these tasks and all of them in between. But with that wide array of tasks that AI is capable of handling, it may seem that there are not many more roads that are left untraveled in terms of new AI capabilities. However, that can all change with a few major advancements in technology, which is not all that far fetched when thinking about the world as a whole. For example, supercomputers that were used to put man on the moon almost fifty years ago have a fraction of the computing power of the computers that are in an everyday household. In fifty years, technology regardin...

Week 2 Blog 2 - Ethical and Privacy Concerns Regarding The Advancement of AI Technology

As AI gains more and more depth in both its systems and knowledgebase, it is beginning to become more and more clear that the information being processed by these systems contains sensitive information. If this information were to be obtained through AI and used for malicious purposes, it could spell disaster amongst the general public. The masses would be afraid of AI's capabilities to search vast arrays of databases to find sensitive information. As a result, it must be said that there needs to be some regulations into what AI can and cannot do in order to prevent such a causality. In my previous blogpost, entitled Similarities Between AI and The Internet I asked ChatGPT to list some similarities between the two. After letting the newly created chatbot to do its magic, I came across a point that resonated with the idea of regulations needed to be placed on AI technologies. I gave ChatGPT the following prompt "Go into further detail regarding Et...

Week 3 Blog 2 - ChatGPT Responds to "How Will AI Enter the Health Industry"

I asked ChatGPT to "provide three examples of how AI can enter the health industry and explain it in a formal blogpost." The following is what it has to say on the subject. Embracing the Power of Artificial Intelligence in Healthcare Introduction: The intersection of artificial intelligence (AI) and the health industry is revolutionizing the way we diagnose, treat, and manage diseases. AI has emerged as a transformative force, offering remarkable potential to enhance patient care, improve diagnostic accuracy, and accelerate medical research. In this blog post, we will explore three compelling examples of how AI is entering the health industry and revolutionizing healthcare delivery. Medical Imaging and Diagnosis: One area where AI has shown exceptional promise is medical imaging analysis. Traditional methods of interpreting medical images, such as X-rays, MRIs, and CT scans, rely heavily on human expertise, which ...

Tayseer Zayed

Search This Blog