Artificial intelligence (AI) refers to systems or machines that mimic human-like intelligence and capabilities such as learning, understanding, problem solving, speech recognition and decision making. This technology uses algorithms and large amounts of data to perform tasks that typically require human intelligence.
Important aspects of artificial intelligence:
- Machine learning: AI systems learn from experience and improve on their own without being explicitly programmed.
- Neural networks: Inspired by the way the human brain works, these networks can recognize complex patterns and data.
- Natural language processing: Enables computers to understand and respond to human speech.
- Robotics and automation: AI powers advanced robots that can perform tasks in areas such as manufacturing, medicine and logistics.
- Data-driven decision making: AI analyzes large amounts of data to identify trends and make informed decisions.
Significance for companies: AI is revolutionizing industries by automating, increasing efficiency and creating new business opportunities. It helps companies make more accurate predictions, provide personalized customer experiences and overcome operational challenges.
