Intelligent Informatics

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English | 2024 | ISBN: 1682518507 | 326 Pages | PDF (True) | 23 MB
Data is all around us. The Internet of Things (IoT) and sensors have the ability to harness large volumes of data, while artificial intelligence (Al) can learn patterns in the data to automate tasks for a variety of business benefits. Artificial Intelligence enhances the speed, precision and effectiveness of human efforts. In financial institutions, 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. Artificial intelligence is going to change every industry, but we have to understand its limits. The principle limitation of AI is that it learns from the data. There is no other way in which knowledge can be incorporated. That means any inaccuracies in the data will be reflected in the results. And any additional layers of prediction or analysis have to be added separately. Artificial intelligence (AI) has become a technological reality for businesses and organizations across industries. Even if its benefits may not be always easy to quantify, Al has proven itself capable of improving process efficiency, reducing human errors and labor, and extracting insights from big data.