Learn how to use AI in your business and why it is important to use it. Learn how it works, what AI can be used for and where to learn more.
Artificial intelligence (AI) is a process of programming a computer to make decisions for itself. AI has the ability to learn and evolve over time, which makes it an incredibly powerful tool for businesses. However, before you can start using AI, you first need to understand what it is and how it works.
In this guide, we will walk you through the basics of AI and show you how to get started. We will also discuss the benefits of using AI and how it can help your business grow.
So, let's get started!
Broad process we follow:
1. Start with Bottomline:
Before you can start using AI, you first need to understand what it is and how it works. In this guide, we will walk you through the basics of AI and show you how to get started.
2. Classify the Problem:
Once you understand AI, you need to classify the problem you want to solve. Not all problems are suitable for AI, so you need to make sure that the problem you are trying to solve is a good fit.
3. Now, Select Vendor(s):
Once you have classified the problem, you need to select a vendor or vendors that can help you solve it. Not all vendors offer the same solutions, so you need to do your research and find the right vendor(s) for your needs.
Best examples of how AI is already being used in our everyday lives.
We will look at how it is being used in smartphones, social media, email and messaging, search engines, digital voice assistants, smart home devices, commuting, banking, and e-commerce.
One of the most common ways that people use AI is in social media. Facebook has long used AI to target ads to users based on their interests and likes. More recently, the company has started using AI to identify fake news stories and to prevent them from being shared on the site.
Twitter has also been using AI for some time to identify abusive or harmful tweets and to suspend accounts that violate its terms of service. The site also uses AI to generate recommended tweets for users based on their interests.
Email and Messaging:
Email and messaging are another area where AI is having a major impact. Gmail has long used AI to sort emails into different folders such as Promotions, Updates, and Social. The site also uses machine learning to identify phishing attempts and spam emails.
Microsoft Outlook uses machine learning algorithms to identify important emails and schedule them for follow-up. It can also detect when an email has been forwarded multiple times and flag it as spam.
Google is well known for its powerful search engine which uses a variety of algorithms to return the most relevant results for a user’s query. Recently, Google has started using artificial intelligence to improve the accuracy of its search results. The company’s RankBrain algorithm uses artificial intelligence to learn how users interact with search results and then adjust the rankings accordingly.
Digital Voice Assistants:
Digital voice assistants are another area where artificial intelligence is starting to make an impact. These assistants are powered by artificial intelligence software that can understand natural language queries and respond accordingly. Some of the most popular digital voice assistants include Apple’s Siri, Amazon’s Alexa, and Google Assistant.
Smart Home Devices:
AI is also starting to play a role in smart home devices such as thermostats and lights. Many of these devices are now equipped with built-in sensors that can detect things like temperature, humidity levels, light levels, and movement. They can then use this information to make decisions about what actions to take such as turning on the air conditioning or turning off the lights when nobody is home.
AI is also starting to play a role in commuting options such as ride-sharing services and self-driving cars. Ride-sharing services such as Uber and Lyft use artificial intelligence software to match drivers with passengers based on location and destination. They also use AI algorithms to predict demand for rides at different times of the day so that drivers can be allocated where they are needed most.
AI is also starting to be used in banking applications such as fraud prevention and money management tools. Banks are using artificial intelligence software to scan customer transactions for signs of fraudulent activity. They are also using AI algorithms to recommend products or services that may be of interest to customers.
Amazon uses artificial intelligence software known as “machine learning” algorithms to personalise its recommendations for customers. These algorithms analyze past purchases , browsing history, ratings, reviews, etc., in order to recommend products that may be of interest.