Which functions of AI are used in business?

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fomayof928@mowline
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Joined: Mon Dec 23, 2024 3:33 am

Which functions of AI are used in business?

Post by fomayof928@mowline »

The development of AI has led to the creation of numerous applications, including chatbots, virtual personal assistants (e.g., Siri, Alexa), recommendation systems, autonomous vehicles and medical diagnosis systems. These applications demonstrate the practical implementation of AI in performing specific tasks with high accuracy and efficiency.

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Let’s explore the core AI functionalities transforming businesses today, from machine learning and natural language processing to deep learning for AI automation. Each plays a critical role in enhancing decision-making, optimizing operations and driving innovation.

Machine learning (ML)
Machine learning algorithms analyze data, identify patterns and make predictions based on their results. They power AI tools that enable businesses to gain valuable insights from disparate data to help decision-making. While ML models learn independently as they process data, they can also be updated manually based on your specific needs.

NER and semantic search
Named Entity Recognition (NER) identifies entities defined in the ML model as important to a business, such as geographic locations, brand names, famous people, etc. And semantic search helps provide a contextual understanding of a query input by a user. Together, they help process and analyze large volumes of unstructured data to help you improve search accuracy, automate data processing and extract meaningful insights for informed decisions.
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