BusinessModelTransformation JargonBuster

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Business Model

Transformation

This describes a computer perceiving its environment and making decisions,


Artificial based on that, to help it best achieve its goals. It’s also sometimes used to mean
Intelligence a computer doing tasks that you’d normally associate with human intelligence,
(AI) like “thinking” or problem solving, although this definition is rejected by some
AI researchers.

This is a type of artificial intelligence where computer systems automatically


Machine
improve themselves without being programmed, through experience and analysis
of performance, using data and algorithms. learning

Algorithm This is a list of rules or instructions a computer system follows to solve a problem.

This describes data sets that are too large or complicated for ordinary data-
processing systems to be able to handle. It can also be used to describe the Big data
practice of extracting information from these data sets.

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