The Real World Potential And Limitations Of Artificial Intelligence
Business intelligence is a set of processes and technologies that convert raw data to useful information that will help companies make better decisions by showing present and historical data within their business context. Artificial intelligence is also a part of Business Intelligence. BI and AI are distinct but complementary. BI can help companies bring order to the massive amounts of data they collect. But neat visualizations and dashboards may not always be sufficient, to unlock the potential AI adoption is needed. AI has the potential create more value across the economy, it could give the company maximum profit if the players understand what AI can and cannot do. However AI is a machine that needs to be trained, taught, and programmed. To give them a labelled data is a way to train them, and with that the machine will train itself. This is a type of technology where it’s a learning curve. You’ll learn where you can add value, where you can find data, and how you can have a data strategy in order to unlock the data you need to do machine learning. Al will help BI to creates patterns and trends from what consumers do, want and need. Then AI can also provide options for what should be done.