AI is projected to have a disruptive and transformational impact on businesses and industries. Unlike standard computers, AI systems have the ability to learn from historical cases, tuning themselves with every case to improve their accuracy in making better predictions and decisions. Like us humans, they can learn from experience. Initially, AI’s most valuable and largest contribution will come from its ability to automate decision-making from provided inputs e.g. automatically and accurately determining all objects in a given image, or figuring out if an insurance claim is a fraud. Making better decisions is the key to success and AI can decrease the cost of making better decisions in many situations. This is likely to have a major impact on the way products and services are being designed, manufactured and sold. It will create new jobs and opportunities, but also make many traditional ones obsolete thus transforming industries and lifestyles.
Through this book, we are sharing our insights on what AI is, how it works, and what it can do for you. Our focus is on simplification of key concepts and articulating the unique benefits of AI. Since AI offers very significant opportunities to innovate, we wish to motivate you to start applying it in the development of your upcoming products, services, and business processes.