Book Image

Artificial Intelligence Business: How you can profit from AI

By : Przemek Chojecki
Book Image

Artificial Intelligence Business: How you can profit from AI

By: Przemek Chojecki

Overview of this book

We’re living in revolutionary times. Artificial intelligence is changing how the world operates and it determines how smooth certain processes are. For instance, when you go on a holiday, multiple services allow you to find the most convenient flights and the best hotels, you get personalized suggestions on what you might want to see, and you go to the airport via one of the ride-sharing apps. At each of these steps, AI algorithms are at work for your convenience. This book will guide you through everything, from what AI is to how it influences our economy and society. The book starts with an introduction to artificial intelligence and machine learning, and explains the importance of AI in the modern world. You’ll explore how start-ups make key decisions with AI and how AI plays a major role in boosting businesses. Next, you’ll find out how media companies use image generation techniques to create engaging content. As you progress, you’ll explore how text generation and AI chatbot models simplify our daily lives. Toward the end, you’ll understand the importance of AI in the education and healthcare sectors, and realize the risks associated with AI and how we can leverage AI effectively to help us in the future. By the end of this book, you’ll have learned how machine learning works and have a solid understanding of the recent business applications of AI.
Table of Contents (10 chapters)

Statistics related to AI

Following analysis done by AI State Index1, lets review some statistics related to Artificial Intelligence, that will fully show how important this market is becoming (or already is). Its crucial to understand that we are still early when it comes to applied AI, and most of those statistics will grow substantially in the upcoming years. The reason for that is most of the cutting-edge research is still far away from day-to-day business applications either because of the costs of the hardware or the required expertise to apply it. I expect the full AI boom to come within the next ten years when every company will need to implement AI elements to be competitive even at the local scale. This will come in pair with the democratisation of AI: the cost and difficulty of implementation of most algorithms will largely decrease. AI applications will be as available as general cloud storage is now.

Looking at Google Trends one can see that “...