How will Artificial Intelligence be used in Business?
There has been a lot of information found about AI and how it can help with more things than intended. These advancements are starting to be used on all different types of jobs and workplaces. In the business world AI is starting to be used in all different workplaces and most of us don’t even know it. Although businesses are still in the early stages of using this technology there is still research and endless number of hours taken into making AI the best it can be.
Lots of these businesses are using artificial intelligence without even knowing that it is being used. Almost 60% of companies with big data are using AI in some sort of way to help them complete there tasks. A prediction was made that in the year of 2025 machine learning and Artificial Intelligence with dramatically impact our daily lives and the use of AI will be very noticeable across the world. Many businesses believe that the progression in AI is extremely important in helping there business succeed. Looking at the numbers, it is estimated that 84% see AI as critical to there business. AI has already been proven to make work easier because of how advanced the technology is getting.
AI has many uses within my major which is business administration. This technology is being used to help predict how business will do in there current year, help process data that is stored in a computer, and to help do manual tasks. Looking a little deeper into business AI is really helping out workplaces related to finance and investment banking. Artificial intelligence allows bankers to make loan decisions within seconds. This technology will take all the statistics such as payment history into account to help make a decision. One example of this being used is banking apps that we all use today. This is a form of AI because of how quick and easy we are able to look at our bank account and all the features that are included in the application. The technology we use in our everyday lives makes our tasks a lot easier to do.
