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)

Solving maturity issues

Let’s now talk about how a company can transition to the next level, no matter where it starts. Building AI maturity is crucial in staying competitive in our digital world. Enterprises are challenged and beaten by technological startups because of a lack of innovation or a too-slow adaptation to changes. In this section, I discuss each level and potential challenges associated with it.

Awareness (1)

In order to ascend to the very first level, one should organize a workshop for the whole department about AI, machine learning, data science, and their potential use in real-world scenarios.

Potential challenges:

  • educating staff of new ways of doing marketing,
  • overcoming fear of AI and explaining it in simple terms to everyone.

From Awareness (1) to Active (2)

To progress past the first stage, one needs to connect the companys data to the system able to analyse data. This way, the first generic algorithms can be put...