Artificial Intelligence - AI

Concept and definition

Artificial Intelligence - AI

What is Artificial Intelligence - AI?

Artificial Intelligence 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. Within these there are different branches according to the application they try to solve or the basis of its operation.

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 is worth mentioning that the 

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:

What is artificial intelligence?

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