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)


Machine learning algorithms can learn how to optimally allocate resources, like fleets of vehicles, to address dynamically changing demand (e.g. passenger requests) while maximising resource utilisation. Thus its no surprise that logistics is another domain with AI adoption in progress.

In general, AI can help logistics in:

  • demand forecasting,
  • assisting last-mile delivery (from chatbots to autonomous drones),
  • real-time decision making,
  • creating contingency plans,
  • tracking movement.

Rolls-Royce27 is working with Intel to develop self-driving ships. Rolls-Royce released the Intelligence Awareness system in 2018, a system that can classify all the nearby objects under the water. It can also monitor the engine condition and recommend the best routes.

DHL28 has developed a machine learning-based tool to predict transit time delays of air freight to enable proactive mitigation. By analyzing 58 different parameters of internal data, the...