AI is being used in a multitude of businesses to make them more efficient. In fact, artificial intelligence tools are eliminating some of the labor-intensive jobs that were formerly conducted by humans. So what is artificial intelligence? Artificial intelligence is systems with programmed algorithms that perform based on the inputted information. It is important to note that artificial intelligence tools are only as accurate and as smart as the information we program in their system. The intriguing feature with AI tools is that they learn with time and practice.
There was a study in which 4 of the top performing professional Texas hold em’ players were given the task of playing several thousand hands against the artificial intelligence algorithm. At first, the professional players were up by roughly $200,000. This was in the first quarter of the hands played. The last two thirds to three-fourths of the hands were dominated by the created algorithm. It had learned to master playing unpredictably. The professionals had no way of reading the tool even when they tried to switch up their playing style. In the end, the AI tool ended up being roughly a million dollars positive.
What other companies are using AI? Cognizant is one of the world leaders in technology services and has been implementing AI machine learning into their products and solutions. According to Cognizant sources, AI can improve productivity, engagement, and retentions. Overall AI is able to identify and formulate strategies that are used with data analytics. Data analytics is the discovery and systematic analysis of data or statistics. With Cognizant’s presence in AI, they are able to integrate AI tools along with data mining programs for efficiency within its solutions for clients and partner companies.
Questions to consider:
Where do you see AI in the next 10 years?
What is the percentage of companies integrating AI in their solutions, products, and services?
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