AI

Definition

AI stands for Artificial Intelligence, which refers to the ability of machines to perform cognitive tasks that are typically associated with human intelligence, such as learning, reasoning, perception, and problem-solving.

Significance

AI has significant implications for numerous industries, including healthcare, finance, transportation, and manufacturing. It can help businesses automate repetitive tasks, optimize processes, and make more informed decisions.

Use Cases

Personalized marketing and product recommendations is a powerful use case of AI that enables businesses to create more personalized and engaging experiences for their customers, leading to increased customer loyalty, satisfaction, and ultimately sales. Few other use cases of AI are medical imaging analysis, fraud detection and risk analysis in finance, autonomous vehicles for transportation and logistics and chatbots & virtual assistants for customer service and support.