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)

Robotic Process Automation

A report by McKinsey Global Institute called A Future That Works: Automation, Employment, and Productivity41 predicts that nearly half of work tasks will be performed by some form of a robot by the year 2055. AI agents will automate any kind of job that is repetitive on various levels.

I genuinely believe that. Not only repetitive tasks will be automated but also creative ones, as we can judge by recent breakthroughs in text understanding.

Robotic Process Automation (RPA) software is a fundamental piece of automation. RPA, at its core, is just an approach to automating business processes through the deployment of bots or AI. It dates back to the 90s, and back then, it was a purely software engineering task of breaking down a process into smaller pieces and connecting various APIs to replace humans. For example, having to copy a particular text from one document to another and then sending it through email. Though useful, it was primarily...