HOW ARTIFICIAL INTELLIGENCE IS TRANSFORMING THE WORLD?


 


Artificial intelligence is a concept that most people are unfamiliar with (AI). When 1,500 senior business leaders in the United States were polled in 2017, only 17% stated they were familiar with artificial intelligence (AI). Several of them had no idea what it was or how it would affect their businesses. They saw AI had a lot of potential for changing business processes, but they didn't know how to put it to use in their own companies.

 

Despite its lack of general familiarity, artificial intelligence (AI) is a technology that is revolutionizing every aspect of life. It's a versatile tool that allows people to rethink how they integrate data, analyze it and apply the ensuing insights to make better decisions. Our goal with this thorough review is to explain AI to policymakers, opinion leaders and interested observers as well as to show how AI is already changing the world and raising major challenges for society, the economy and governance.

 

To recap, artificial intelligence and data analytics are on the verge of changing numerous industries throughout the world. Significant deployments have already changed decision-making, business models, risk mitigation, and system performance in banking, national security, health care, criminal justice, transportation, and smart cities. These changes are bringing significant economic and social benefits.

  • Natural Language Processing
  • Recommender Systems
  • Algorithmic Game Theory and Computational Mechanism Design
  • Neuromorphic Computing
  • Internet of Things



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