: AI can be used to streamline data and maintain IT infrastructure, automating tasks like performance monitoring, workload scheduling, and data backups.\u00a0<\/span><\/li>\n<\/ul>\n <\/p>\n
Benefits of AI in Business<\/b><\/h2>\n The<\/span> benefits of AI in business <\/b>are varied and this technology has the potential to deliver significant advantages across different departments and business functions. Some of the major <\/span>benefits of AI in business<\/b> are:\u00a0<\/span><\/p>\n\nReduce Costs<\/b>: The use of AI as well as machine learning in a pricing system can help in increasing revenue and if companies take up an integrated approach, it can lead to a definite growth in their revenue as well.<\/span><\/li>\nReduce Human Error:<\/b> Making mistakes is human and even the most skilled, experienced, and professional employee can make a mistake. This is where artificial intelligence can assist and help in avoiding these mistakes. Autonomous artificial intelligence is AI that can manage operations independently.<\/span><\/li>\nAvoid Fraud: <\/b>In AI self-learning neural networks help examine and analyse user behaviour, identify suspicious transactions, and create algorithms to prevent financial losses. This helps the system become less vulnerable, which is crucial to establish customer trust.\u00a0<\/span><\/li>\n<\/ul>\nAI in Business Examples<\/b><\/h2>\n Some of the world\u2019s biggest tech giants are in a race to become the leaders in Artificial Intelligence and they truly are the trailblazers who have embraced AI to give the world some of the most revolutionary products and services. The top <\/span>AI in business examples<\/b> are:\u00a0<\/span><\/p>\n\nAlphabet \u2013Google:<\/b> Alphabet is the parent company of Google and Waymo which is the company\u2019s self-driving technology division, and wants to bring self-driving technology to the world not only to move people around but to reduce the number of crashes as well. Autonomous vehicles by Waymo are currently shuttling riders around California in self-driving taxis.\u00a0<\/span><\/li>\nApple:<\/b> One of the biggest and most respected technology companies globally, Apple uses artificial intelligence (AI) as well as machine learning in its products like the iPhone which enables the FaceID feature, or the HomePod smart speakers, which enables the smart assistant Siri. Apple is also expanding its services through the use of AI by helping you find your photo in iCloud or to recommend songs on Apple Music.<\/span><\/li>\nAlibaba<\/b>: World\u2019s largest e-commerce platform, Alibaba sells more than eBay and Amazon combined and AI is a crucial part of its daily operations, predicting what customers might want to buy. Alibaba also uses AI in its City Brain project to create smart cities and uses AI algorithms to help reduce traffic jams by monitoring every vehicle in the city.\u00a0<\/span><\/li>\nAmazon: <\/b>Amazon is at the top of its AI game with its digital voice assistant Alexa, however, there are various other aspects of its business where artificial intelligence is a key player.<\/span> Amazon offers a new convenience store concept called\u00a0Amazon Go where no checkout is required. The store uses AI technology that tracks what items you pick up and then automatically charges you for those items through the Amazon Go app on your phone.\u00a0<\/span><\/li>\n<\/ul>\nConclusion<\/b><\/h4>\n The future of <\/span>AI in business<\/b> depends on its capabilities as opposed to technologies. AI plays a key supporting role in business in three major categories: automating processes, analysing data to gain insight, and customer and employee engagement, companies that can strategically use AI can gain in terms of efficiency, productivity, and potential savings and growth.\u00a0<\/span><\/p>\nThe career prospects in the field of AI are bright and with the right training, background, and education, there may be potential job opportunities in the field of artificial intelligence.\u00a0<\/span>The Executive Program in AI for Business in collaboration with IIM Lucknow,<\/span> offered by <\/span>Imarticus Learning<\/span> provides the best possible learning outcomes for individuals aspiring to become AI and Machine Learning leaders. This <\/span>AI and ML course<\/b><\/a> is aimed at professionals working in the field of Artificial Intelligence and can help them climb the corporate ladder in the most successful manner possible. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"AI in Business\u00a0 Artificial Intelligence (AI), is a revolutionary technology that is designed to simulate human intelligence and is changing...<\/p>\n","protected":false},"author":1,"featured_media":259622,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[23],"tags":[],"pages":[],"coe":[],"class_list":{"0":"post-264434","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-analytics"},"acf":[],"yoast_head":"\n
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