Artificial intelligence (AI) can be implemented in business to improve work processes and add functionality to business systems. When used in business, AI typically refers to specific software programs used to help companies perform operations and transactions more efficiently. For example, translation software uses AI to handle translations. AI in business also involves simulating skills considered innate in humans, such as reasoning, decision-making, speech recognition, and recognizing patterns. There are many real-world applications of AI in business, such as e-commerce websites that function like virtual stores and cashiers without human interaction. Customers can also benefit from AI in business through automated services like checking their bank accounts by voice without talking to a person. However, some customers still prefer human
Artificial intelligence (AI) can be implemented in business to improve work processes and add functionality to business systems. When used in business, AI typically refers to specific software programs used to help companies perform operations and transactions more efficiently. For example, translation software uses AI to handle translations. AI in business also involves simulating skills considered innate in humans, such as reasoning, decision-making, speech recognition, and recognizing patterns. There are many real-world applications of AI in business, such as e-commerce websites that function like virtual stores and cashiers without human interaction. Customers can also benefit from AI in business through automated services like checking their bank accounts by voice without talking to a person. However, some customers still prefer human
Artificial intelligence (AI) can be implemented in business to improve work processes and add functionality to business systems. When used in business, AI typically refers to specific software programs used to help companies perform operations and transactions more efficiently. For example, translation software uses AI to handle translations. AI in business also involves simulating skills considered innate in humans, such as reasoning, decision-making, speech recognition, and recognizing patterns. There are many real-world applications of AI in business, such as e-commerce websites that function like virtual stores and cashiers without human interaction. Customers can also benefit from AI in business through automated services like checking their bank accounts by voice without talking to a person. However, some customers still prefer human
Presented By: Zubair ara! "SP14-MB-002#$ Presented to: Mr%&'mer (mar Assignment of: ARTIFICIAL INTELLIGANCE (AI) SYSTEM IN BUSINESS APPLICATION: &rtificia) inte))igence "&I$ can be im*)emented in business to im*ro+e ,or- *rocesses and add to t'e functiona)ity of business systems% &I in t'e business conte.t can refer eit'er to s*ecific soft,are *rograms or to t'e ,ays in ,'ic' t'ose *rograms are actua))y used to 'e)* com*anies and organi!ations carry out a +ariety of o*erations and transactions% /'en business &I refers to actua) soft,are *rograms0 genera))y t'e s*ecific function of an indi+idua) *rogram is t'e focus% or e.am*)e0 if a business uses trans)ation soft,are *rograms to 'e)* 'and)e brief trans)ations1 t'is is an a**)ication of artificia) inte))igence "&I$ in business% By e.ecuting a tas- t'at re2uires a significant degree of e+a)uation or 'ig'er-order ana)ysis0 t'e trans)ation soft,are is acting as an artificia) inte))igence% ¬'er acce*tab)e definition of artificia) inte))igence in business is t'e simu)ation of s-i))s t'at are considered innate in *eo*)e% 3'ose s-i))s inc)ude t'e use of reason and )ogic to ma-e sim*)e and com*)icated decisions% 3'ey a)so inc)ude t'e ca*abi)ity to recogni!e s*eec'0 s*ea- and understand natura) )anguage0 res*ond to +erba) and ,ritten messages and recogni!e *atterns% &rtificia) inte))igence can e+en be said to be at ,or- ,'en an a**)ication 4remembers4 information and reuses it in ot'er transactions% Some or a)) of t'ese s-i))s and ca*abi)ities are *rogrammed into many a**)ications of artificia) inte))igence in business1 t'ey automate or 4com*uteri!e4 tas-s t'at ,ere once 'and)ed e.c)usi+e)y by *eo*)e% 3'ere are many rea)-,or)d a**)ications for artificia) inte))igence in business% 5)ectronic commerce0 better -no,n as e-commerce0 is t'e use of soft,are and mac'ines t'at 'a+e been made to be'a+e )i-e inte))igent sa)es c)er-s in a store and e+en )i-e a cas'ier% /'en a *erson *urc'ases merc'andise or ser+ices on-)ine0 'e or s'e ne+er 'as to interact ,it' anot'er *erson% 6ia t'is tec'no)ogy0 'e or s'e can enter a +irtua) store0 s'o* and e+en *ay for *roducts% &rtificia))y inte))igent soft,are tota)s a bi))0 and -no,s ,'en to add ta.0 'o, to *rocess *ayment and e+en ,'et'er a credit card number is +a)id% 7ustomers in cybers*ace routine)y recei+e recei*ts after *ayment is made0 and +irtua) store o,ners can -ee* trac- of in+entory ,it'out e+er manua))y counting stoc-% Many businesses use 'ig')y so*'isticated soft,are to act as +irtua) customer ser+ice re*resentati+es and front-des- rece*tionists% S*eec' recognition soft,are is one as*ect t'at a))o,s customers to recei+e some form of customer ser+ice by *'one ,it'out e+er ta)-ing to a *erson% 1 | P a g e 7ustomers can benefit great)y from a**)ications of artificia) inte))igence in business% or instance0 many *eo*)e are ab)e to c'ec- t'e acti+ity of t'eir ban- and credit card accounts by *'one ,it'out e+er ta)-ing to anyone or e+en 'a+ing to *'ysica))y *ress a button on a *'one% 3'ey sim*)y s*ea- to t'e artificia))y inte))igent com*uter on t'e ot'er end t'at 4understands4 t'eir ,ords% 3'is can bac-fire0 t'oug'1 some customers fee) t'at t'ere is no substitute for t'e assistance of a rea) *erson0 and business a**)ications of &I can be frustrating to t'em% 2 | P a g e