Back

 Industry News Details

 
The Role of AI and ML in Digital Transformation Posted on : Nov 23 - 2020

Data is the new game-changer, everywhere. According to reports, data-driven organizations are 19 times more likely to be profitable. Data and analytics are critical components of digital transformation.

 Considering the rate at which data is being generated, its analysis is becoming a hefty task. Organizing large volumes of real-time data from several sources is time-consuming and tedious. To reduce the human effort involved in this and decrease the required time, AI and ML are being employed. Data Science is a new model where machines are trained to learn from data, analyze it, and derive insights. It is creating a paradigm shift throughout the tech industry.

What Is Artificial Intelligence?

Alan Turing proposed the fundamental vision for artificial intelligence during the 1950s. He questioned the possibility of making machines think. Over the years, several approaches were adopted to realize this possibility. 

Artificial intelligence is, as the name suggests, simulation of human intelligence artificially through non-humans, i.e., machines. It is a branch of computer science that deals with building smart machines that can perform human tasks that require cognitive decision making. 

Why Is Artificial Intelligence Important?

 With the aid of AI, machines can perform human-like tasks by learning from previous experiences and adjusting to new inputs.

• Incredible accuracy is achieved through AI with the use of deep neural networks. 

• AI helps to gain the most out of data.

• AI uses advanced learning algorithms, making it an adaptable and flexible technology.

• AI can be integrated into existing products to improve their capabilities. 

What Are Some Applications of AI in Everyday Life?

The fact is that we come across AI in our daily life and are enjoying the benefits of digital transformation without probably being aware of it. Let’s see some of the common applications of AI. Online advertisements and recommendations: Based on the previous shopping experiences and search history of people, AI generates product recommendations of what users may like. View More