AI’s New Prevalence in Business

Artificial intelligence (AI) refers to the ability of computers or machines to learn from previous experiences and understand and respond to various types of input, including written prompts, math problems, and images. There are different types of AI models, such as machine learning (ML), deep learning (DL), and expert systems, each with its own applications. 

Machine learning enables machines to learn from data and experience without being explicitly programmed. Deep learning deals with complex patterns and datasets and uses neural networks to recognize patterns in input data. Expert systems mimic human decision-making but are not self-aware. The combination of machine learning, deep learning, and expert systems can provide powerful capabilities. For example, Zillow Zestimate combines these techniques to provide insights on real estate pricing based on factors like house size, location, and image analysis.

AI adoption in business has been increasing rapidly, with companies utilizing AI capabilities to automate processes, optimize services, enhance customer experiences, and develop new products. The benefits of AI in business include increased efficiency, improved monitoring, higher accuracy, and enhanced talent management. To successfully incorporate AI into business operations, companies need to define their needs, set goals, evaluate capabilities, prepare data, and start with small-scale projects before scaling up. Learn more about Advanced Document Understanding in the infographic below:

Intelligent Document Processing and AI