IMPACT OF AI ON EDUCATION AND BUSINESS

AI (Artificial Intelligence) technology has come a long way since its inception in the 1950s, and it has revolutionised the way we live and work. With the advent of machine learning, deep learning, and natural language processing, AI has become a crucial component in various industries, from healthcare and finance to retail and transportation. AI systems can be classified into two categories: narrow or weak AI, and strong AI. Narrow AI refers to systems that are designed to perform specific tasks, such as Siri or Alexa. On the other hand, strong AI systems are designed to possess humanlike intelligence and consciousness.

You most likely interact with artificial intelligence (AI) on a daily basis and are unaware of it. Many people still associate AI with science-fiction dystopias, but that image is fading as AI advances and becomes more common in our daily lives. Artificial intelligence is now a household term –and, in some cases, a household presence (hello, Alexa!).

While mainstream society’s acceptance of AI is a new phenomenon, the concept is not. Although the modern field of AI was established in 1956, it took decades of effort to make significant progress toward developing an AI system and making it a technological reality.

Artificial intelligence has numerous applications in business. In fact, most of us have daily interactions with AI in some form or another. Artificial intelligence is already disrupting virtually every business process in every industry, from the mundane to the breathtaking. As AI technologies proliferate, they are becoming increasingly important for maintaining a competitive edge.

What is AI?

Before examining how AI technologies are impacting the business world, it’s important to define the term. “Artificial intelligence” is a broad term that refers to any type of computer software that engages in humanlike activities – including learning, planning and problem-solving. Calling specific applications “artificial intelligence” is like calling a car a “vehicle” – it’s technically correct, but it doesn’t cover any of the specifics. To understand what type of AI is predominant in business, we have to dig deeper.