Artificial Intelligence (AI) has several definitions, but it could be said that it is the set of algorithms that are developed with the aim of providing machines with capabilities characteristic of humans and animals such as learning, reasoning, perception, speech recognition, decision making and natural language processing. AI is divided into different subfields such as machine learning, computer vision, natural language processing and robotics.
For example, Machine Learning proposes algorithms that try to replicate the learning process of the human brain. Some typical applications include ChatBots, Personal Assistants, recommendation engines, decision making, text generation, image recognition, among others. Although, on the other hand, it should be noted that the applications that bring the most benefits to the industry today are closely related to financial risk, in terms of predicting future defaults, customer acquisition, sales optimization, etc.
See: Batistič, S., & van der Laken, P. (2019). History, Evolution and Future of Big Data and Analytics: A Bibliometric Analysis of Its Relationship to Performance in Organizations. British Journal of Management, 30(2), 229-251. https://doi.org/10.1111/1467-855112340
Some of the most important definitions of Artificial Intelligence based on the classification given by Russel and Norving in their book: https://gamco.es/bibliografia/#artificial-intelligence-a-modern-approach".
If you wish to learn more, we recommend our article:
Nowadays digital transformation is key in any type of business. The 40% of Spanish companies will not exist in its current form in the next few [...]
Read More »Artificial intelligence (AI) and machine learning (ML) are two of the most popular technologies used to build intelligent systems for the [...]
Read More »The current scenario we are experiencing in Spain with the COVID-19 health crisis has led to many companies having to carry out ER [...]
Read More »The Big Data market is booming. Although the need to transform data into information for decision making is not new, the need to [...]
Read More »
