Functionally, AI is an automated decision-making system for a specific area of expertise,? such as, healthcare, taxation, investment, translation, speech recognition, or face detection. AI deduces the best answer or decision (with the highest probability of success) for any given new situation within the context of its expertise.
Making better decisions is the key to success in not only business but also in our personal life. Artificial Intelligence is rapidly decreasing the cost and time for making better decisions in all walks of life. The decision making skill of AI allows it to perform even complex operations like identifying multiple objects in an image, summarizing the happenings in a video clip, scene understanding, and figuring out the next steps in a game.