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)

Collect data

My final tip is similar to the one I gave for startups: collect as much data as possible and act upon it. Think about your freelance projects: who are your clients, where do they come from, whats the usual pre-sale interaction, and so on. Ask questions and collect data to see whats going on. Once you have enough of it and more than you can analyse yourself, start using tracking solutions: business analytics software, marketing tools, CRMs; they are all for you.

One person startup is still a startup.

It will be harder for you to deploy machine learning models at scale because youll probably have less data than established companies, but any automation will significantly boost your performance. Just think about installing a simple chatbot on your website to collect data about your potential customers, or use automated tools to analyse your invoices. Youll be surprised by the results.

Starting early with AI is the best thing you...