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)

AI Maturity Levels

Let’s look at the potential steps you might take to apply Artificial Intelligence at your workplace and what challenges you might face along the way. Gartner, a research and advisory company, has defined maturity levels for AI adoption as follows:9

Level 1 - Awareness: Conversations about AI are happening, but not in a strategic way, and no pilot projects or experiments are taking place.

Level 2 - Active: AI is appearing in proofs of concept and possibly pilot projects. Meetings about AI focus on knowledge sharing and the beginnings of standardization.

Level 3 - Operational: At least one AI project has moved to production, and best practices, experts, and technology are accessible to the enterprise. AI has an executive sponsor and a dedicated budget.

Level 4 - Systemic: Every new digital project at least consider using AI, and new products and services have embedded AI. Employees in process and application design understand the technology. AI-powered...