By now, just about everyone has heard of artificial intelligence (AI), but its massive benefits to organizations may not be clear.
For starters, artificial intelligence today is the conduit behind numerous innovations that will aid humans in resolving the majority of challenging issues. In the medical field, for example, recent advances in AI-based technologies have allowed doctors to detect breast cancer in a woman at an earlier stage.
There’s also the “Spock factor” that is particularly valuable in banking and financing. Like it or not, human beings tend to be biased in their decision-making. But AI applications are unbiased. Artificial intelligence is devoid of emotions and highly practical and rational in its approach, which ensures more accurate decision-making.
AI is especially useful in risky situations where human life could be jeopardized.
By creating an AI robot that can perform perilous tasks on our behalf, we can get beyond many of the dangerous restrictions that humans face. It can be utilized effectively in any type of natural or man-made calamity, whether it be going to Mars, defusing a bomb, exploring the deepest regions of the oceans, or mining for coal and oil.
And analysts report that organizations are just scratching the surface of what AI technology is capable of accomplishing. One of those extremely important areas is in cybersecurity where cyber criminals (some state-sponsored) have put companies out of business.
In fact, it’s no secret that companies are struggling to stay one step ahead of hackers. USC experts say the self-learning and automation capabilities enabled by AI can protect data more systematically and affordably, keeping people safer from terrorism or even smaller-scale identity theft.
AI-based tools look for patterns associated with malicious computer viruses and programs before they can steal massive amounts of information or cause havoc.
Without question, interest in AI architecture is rampaging. According to a study by Statista, the global AI market is set to grow up to 54% every single year.
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