Avi Desai
Professor Jung
MIS 2502
1 May 2021
Artificial intelligence has been a new and revolutionary technology to be utilized in many growing aspects of science, among other things. Artificial intelligence is the intelligence and emotions portrayed by human beings, but rather coming from the use of machines. Artificial intelligence allows tasks to be completed that require human intelligence, but with no human present. These human interactions that are altered portray human vision, speech, decision making, and language translation as well. This speeds up many processes, doing what a human can do but at a much faster efficiency rate. The essential purpose of artificial systems is to not only increase the speed of things being done, but also do it better than humans. Artificial intelligence also improves the precision of human tasks as this basically eliminates all human error.
Artificial intelligence is essential for helping companies with their data and analytics issues. CEO of SAS, Jim Goodnight, states “AI techniques can be used to identify which transactions are likely to be fraudulent, adopt fast and accurate credit scoring, as well as automate manually intense data management tasks.” For card companies for example, artificial intelligence can be used to monitor what a customer buys, or what people with different characteristics are likely to buy. Once this information is gathered and grouped together through the system, the company can then analyze it through data visualization and increase their companies profits and revenue. All of the databases that were searched through writing code in this class, would have been able to be completed through artificial intelligence. Not only would it be able to analyze quickly, but would also be able to look though many at once, no matter the size.
One of the most common uses of artificial intelligence is Amazon’s use for it to display suggested products that people are likely to buy. Artificial intelligence creates an algorithm to decide what you may be interested in based on your past purchases, further trying to increase profit.