Friday, February 26, 2021
  • Setup menu at Appearance » Menus and assign menu to Top Bar Navigation
Advertisement
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News
No Result
View All Result
NikolaNews
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News
No Result
View All Result
NikolaNews
No Result
View All Result
Home Machine Learning

Artificial intelligence is not all science fiction

August 8, 2019
in Machine Learning
Artificial intelligence is not all science fiction
585
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

We all get that artificial intelligence and machine learning is cool. It’s sexy. And headlines about robots taking over the world grab attention and make people sit up and take notice.

But there is a huge amount of hype in the media around the whole area of AI, machine learning and deep learning. And this hype is causing smaller businesses to believe that AI has no place in its workplace; that it is out of their reach. But that couldn’t be further than the truth.

You might also like

How Artificial Intelligence, Machine Learning will further advance Ed-tech sector?

Machine Learning & Big Data Analytics Education Market: Soaring Demand Assures Motivated Revenue Share During 2020-2030 – KSU

New machine learning tool facilitates analysis of health information, clinical forecasting

As well as the robots, we are always hearing about the amazing challenges that are being solved in the medical and IT world thanks to AI and machine learning.

It is exciting; it’s a brave new world. And people are hungry to hear more – you only have to study Google search trends to see the upsurge in interest in these sectors over the past few years.

But while headlines focus on this science-fiction side of AI – which we see in films and on TV programmes – this is not the reality for a lot of businesses. And because of this hype, many smaller companies – who are not operating in the dizzy science-fiction side of things – might not realise that AI or machine learning can work to improve their businesses, no matter what sector they are in.

Non-sexy tasks

The biggest impact of AI or machine learning in the business world is on automating non-sexy or mundane tasks; tasks that are repeatedly performed in organisations costing them a lot in time, money and human resources.

Using AI for these tasks can have a major impact on businesses – making huge cost savings and efficiencies. They are extremely valuable but they are not the kind of science fiction AI that you read in headlines, so many companies are not aware that AI and machine learning can help them progress and grow their businesses.

Some of these tasks include automation in production lines, automated credit scoring and customer service bots that can answer first-line queries; if it goes beyond a certain level of complexity, the customer query can be routed to a human agent.

This might not exactly sound cutting edge but these are the real areas where AI is being applied and creating huge benefits for companies.

If you are a company wondering how AI and machine learning can help your businesses, it can be difficult to know where to start. But there often many tasks where it is easy to apply AI through current tools and practices (the low-hanging fruit), and applying technologies in these areas tends to give you a lot of bang for your buck.

Repetitive tasks

Look at the automation of simple and repetitive tasks within your business. Allow AI to assist humans by doing the repetitive and niche tasks and allow humans to do the parts only they can do – such as the creative tasks and ones that need ethical decision-making.

It’s not all about robots taking over our jobs; it’s about how they can assist us by using AI to augment human workflows rather than trying to replace them.

If you are a business owner thinking of introducing AI into your workplace, here are three top tips to consider:

– Start small. Introduce AI slowly into your organisation. Start with small PoCs (proof of concept) and demonstrator projects. Take small steps before you roll out very ambitious plans. Manage expectations and build trust within your organisation before taking on a large-scale project.

– Understand limitations. Data is often very undervalued. Companies have a lot of data that has value for their business but they are not using it very well. But data can also be overvalued. Not all can be used in the ways some companies believe it might be used for. Understanding the limitations of your data and what AI can do for you is important.

– Beware of the hype. Many products on the market are using AI purely for marketing purposes so don’t be blinded by that. Whether a solution is enabled through AI or not is not really important so long as it does what it promises to do and that what it does is what you need it to do.

But the most important tip for smaller businesses is to act now. It is important to engage with AI and machine learning now in order to be at a competitive advantage. Start by fostering a data and AI culture within your organisation so you can stay one step ahead of the rest.

Don’t believe the hype but do believe that AI has a place in your business and that it will help you become a leader in your field.

Dr Oisín Boydell is a principal data scientist at CeADAR, Ireland’s national centre for applied data analytics and machine intelligence.

Credit: Google News

Previous Post

KDE rips out ability for KConfig to run shell code

Next Post

John McAfee Apologizes & Deletes Tweet About Apollo Cryptocurrency

Related Posts

How Artificial Intelligence, Machine Learning will further advance Ed-tech sector?
Machine Learning

How Artificial Intelligence, Machine Learning will further advance Ed-tech sector?

February 26, 2021
Machine Learning & Big Data Analytics Education Market: Soaring Demand Assures Motivated Revenue Share During 2020-2030 – KSU
Machine Learning

Machine Learning & Big Data Analytics Education Market: Soaring Demand Assures Motivated Revenue Share During 2020-2030 – KSU

February 26, 2021
Basic laws of physics spruce up machine learning
Machine Learning

New machine learning tool facilitates analysis of health information, clinical forecasting

February 26, 2021
Supercomputer-Powered Machine Learning Supports Fusion Energy Reactor Design
Machine Learning

Supercomputer-Powered Machine Learning Supports Fusion Energy Reactor Design

February 26, 2021
Something’s Fishy — New Funding To Tackle Illegal Activities At Sea Using Machine Learning And Data Analytics
Machine Learning

Something’s Fishy — New Funding To Tackle Illegal Activities At Sea Using Machine Learning And Data Analytics

February 26, 2021
Next Post
John McAfee Apologizes & Deletes Tweet About Apollo Cryptocurrency

John McAfee Apologizes & Deletes Tweet About Apollo Cryptocurrency

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Plasticity in Deep Learning: Dynamic Adaptations for AI Self-Driving Cars

Plasticity in Deep Learning: Dynamic Adaptations for AI Self-Driving Cars

January 6, 2019
Microsoft, Google Use Artificial Intelligence to Fight Hackers

Microsoft, Google Use Artificial Intelligence to Fight Hackers

January 6, 2019

Categories

  • Artificial Intelligence
  • Big Data
  • Blockchain
  • Crypto News
  • Data Science
  • Digital Marketing
  • Internet Privacy
  • Internet Security
  • Learn to Code
  • Machine Learning
  • Marketing Technology
  • Neural Networks
  • Technology Companies

Don't miss it

Why your diversity and inclusion efforts should include neurodiverse workers
Internet Security

Why your diversity and inclusion efforts should include neurodiverse workers

February 26, 2021
North Korean Hackers Targeting Defense Firms with ThreatNeedle Malware
Internet Privacy

North Korean Hackers Targeting Defense Firms with ThreatNeedle Malware

February 26, 2021
The Beginner Guide for Creating a Multi-Vendor eCommerce Website
Data Science

The Beginner Guide for Creating a Multi-Vendor eCommerce Website

February 26, 2021
How Artificial Intelligence, Machine Learning will further advance Ed-tech sector?
Machine Learning

How Artificial Intelligence, Machine Learning will further advance Ed-tech sector?

February 26, 2021
Attorney-General urged to produce facts on US law enforcement access to COVIDSafe
Internet Security

Attorney-General urged to produce facts on US law enforcement access to COVIDSafe

February 26, 2021
Machine Learning & Big Data Analytics Education Market: Soaring Demand Assures Motivated Revenue Share During 2020-2030 – KSU
Machine Learning

Machine Learning & Big Data Analytics Education Market: Soaring Demand Assures Motivated Revenue Share During 2020-2030 – KSU

February 26, 2021
NikolaNews

NikolaNews.com is an online News Portal which aims to share news about blockchain, AI, Big Data, and Data Privacy and more!

What’s New Here?

  • Why your diversity and inclusion efforts should include neurodiverse workers February 26, 2021
  • North Korean Hackers Targeting Defense Firms with ThreatNeedle Malware February 26, 2021
  • The Beginner Guide for Creating a Multi-Vendor eCommerce Website February 26, 2021
  • How Artificial Intelligence, Machine Learning will further advance Ed-tech sector? February 26, 2021

Subscribe to get more!

© 2019 NikolaNews.com - Global Tech Updates

No Result
View All Result
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News

© 2019 NikolaNews.com - Global Tech Updates