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)


Manufacturing produces 16% of global GDP, and for that reason, AI can hugely benefit the whole economy if it can boost manufacturing. And it seems like this is the case. I will divide manufacturing into:

  • predictive maintenance,
  • forecasting demand,
  • factories (also partially covered in chapter about robots),

and discuss each use case below. The term Industry 4.0 emerged in 2011 to address the trend of total automatization of manufacturing. As a business vertical manufacturing is very susceptible to automation - many factories have already implemented automation to a large degree. Due to the digitization of manufacturing, its easy to enter with AI tools and try to optimize processes. However, the most difficult challenge lies in using AI in the way which wont make errors in scenarios where errors would cost too much (human lives).

Predictive maintenance

Maintenance is a critical area that can drive significant cost savings and...