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:
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.