Using AI to Solve Business Critical Problems

Artificial Intelligence (AI) is the concept and study of systems with the sole aim of replicating a human’s thinking structure amalgamated with the processing power of a supercomputer. The end-goal of such systems is to make relevant decisions while taking into account both material and human factors involved in a situation. Due to this unique nature, AI systems in action are expected to be better equipped to handle pressing situations and crisis as compared to their human counterparts who always have a margin of human error while making a decision. Rightly so, AI is a transformative technology which is widely accepted to be the backbone of all business in the near future. Think-tanks and discussion groups in every industry, be it healthcare, automation, automobiles, medicine, and research, are abuzz with what AI can do. However, all of these applications stretch at least 10-20 years in the future.