One of the biggest transformations that the business world has observed over the passage of time is the introduction of Artificial Intelligence (AI). With the introduction of Machine Learning (ML) in collaboration with other sophisticated technologies, the era of data analytics has dramatically shifted to a new paradigm giving rise to a more robust and ready solution.
Today, when you walk into any Big Data event, you can find individuals promoting the concept of AI through panels or conducting workshops. Why? Because AI has now become essential for your business in each and every professional practice. You need to stay in-line with how the world works, as technology is not anymore at its boon, but it has parsed all thresholds.
Here is where the interest is growing the most:
The most popular reason behind businesses adopting tools with AI is that intelligent-systems are now enabled to optimize business processes and give the business a competitive edge. You can end up losing a large chunk of profitability in business if you are unable to adapt to these changes and stay ahead of the technological advancement curve.
Today’s Evolutionary Artificial Intelligence (AI)
The past has gone; the days when AI was once biased to the application of algorithms in machines to make them capable enough to make their own decisions based on previous activity has now become a thing of the past.
Today, AI is more centric towards the idea of making individuals more capable to interact and understand technology as the decision makers. Whether it’s a platform, a product, or a service you are using, if it connects with the Internet, it has the power to make decisions that it believes fits best to your requirements.
Big data analytics is one area where AI can make a massive positive impact. In the modern era, businesses have gained access to more robust and advanced analytics tools, which are result oriented, but are not quite up-to-date with capabilities to make it smart enough to think and learn on its own.
Inzata is the first and only data analytics platform that is powered by AI-assistance. While the data is quickly uploaded and analyzed, the program teaches itself specific information and details about the data to refine and enhance it for optimal use in a variety of areas of business.
Paying a Big Tribute to Data Science
But here’s the original question… What gave machines and AI an upper hand in making important decisions for us?
The answer: a lot of data self-fed to the Internet for over a decade.
Data previously provided to the machines became a significant cause for creating a parallel understanding for the machines to learn in the same way a human brain works. With the idea of neural networking in motion, things for Artificial Intelligent systems took a real swerve.
Today, data has become rich and is more available to the machine. Our lives are more dependent on feeding information to the system in order to gain a productive outcome in return. And all of the information that we have fed has now become a source for analytics to study behaviors. It has greatly helped the machines (business tools which are AI optimized) to understand us (human beings) & the trends.
These intelligent machines are not only smart enough to make suggestions by using a mix of algorithms, but they have developed a brain of their own. They are developing with each passing day, and as much as we are using it, they not only assist in making decisions, but sometimes make them for us!
If we don’t understand them or realize their significance, we may ultimately fall behind and lose the credible potential to stay up-to-date with the intellectual markets around the world.