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)

AI for social good

Artificial Intelligence can do a lot of social good if it is applied wisely. Automatic analysis and insights in real-time deployed in critical areas can help:

  • minimise the damage done by earthquakes, cyclones, and other extreme weather;
  • guide blind people;
  • personalise education to anyone anywhere;
  • lower costs of drugs;
  • decrease loneliness among the elderly;

and much more. However, this will require a considerable effort from the research community, entreprises, and regulators to make the whole AI ecosystem work together.

With AI being applied in each domain of our life, its worth thinking about general social issues that might be solved using AI. McKinsey in their AI social report86 mapped them into the following categories:

Crisis response: Disease outbreak, Migration crises, Natural and human-made disasters, Search and rescue missions.

Economic empowerment: Agricultural quality and yield, Financial inclusion, Initiatives...