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ARTIFICIAL INTELLIGENCE: THE RAPID ASCENT OF TECHNOLOGY

December 6, 2019 5:00 pm Published by Leave your thoughts

As business leaders and innovators race to reach the promise of artificial intelligence to deliver a competitive advantage as well as cost and time savings, the technology is altering industries from finance to manufacturing with new products, processes and capabilities.

Artificial intelligence (AI) is an area of computer science that emphasizes the creation of intelligent machines that work and react like humans. Some of the activities computers with artificial intelligence are designed for include: Speech recognition. Artificial intelligence uses machine learning to mimic human intelligence. The computer has to learn how to respond to certain actions, so it uses algorithms and historical data to create something called a propensity model.

Artificial intelligence can be used to solve problems across the board. AI can help businesses increase sales, detect fraud, improve customer experience, automate work processes and provide predictive analysis. … Logistics companies can use AI for better inventory and delivery management.

With the help of artificial intelligence services, companies can collect more and more data, process it and get to know their consumers and their behaviour patterns better. This will help in updating their policies. Artificial intelligence companies won’t be able to work without big data.

Here are some of the most important AI companies today:

Amazon

Trade giant Amazon has invested in both the consumer-oriented side of AI and in applications for companies and their processes.

Apple

Apple has been busy acquiring AI start-ups in recent years and sees Artificial Intelligence as a critical part of its future. 

Banjo

Banjo was founded after the tragic bombings of the Boston Marathon 2013. The start-up uses AI to search social media to identify real-time events and situations that could be critical for emergency services and other organizations to operate faster and smarter. 

DJI

The first Chinese company on the list, DJI, is still officially a start-up but has already been valued at 15 billion dollars. The latest drones use AI and image recognition to avoid objects. Soon, an entry into autonomous vehicles and robotics can be expected.

Facebook

Artificial intelligence will be enormously powerful in the future. Facebook is committed to advancing the field of machine intelligence and developing new technologies to provide people with better ways to communicate.

Google

Perhaps the largest and most important AI company on this list is also the most obvious. Over the past four years, Mountain View has created no fewer than twelve new artificial intelligence companies.

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