Artificial intelligence is one of the newest sciences. Today, it can be used in many fields, ranging from areas of general use, such as learning and perception, to very specific fields, such as playing chess, proving mathematical theorems, writing poetry, and diagnosing diseases. Efforts to build artificial intelligence have experienced a rapid rise in recent years, marked by numerous investments in the application and development of intelligent systems in areas such as communications, trade, health services, internet searches, recommendation systems, etc. Today’s companies use it to improve productivity, reduce workload, and prevent many unwanted events such as accidents and breakdowns. This is precisely why it can be said that artificial intelligence not only brings creative solutions but also helps in solving complex problems. AI in today’s world is so widespread that it occupies almost every aspect of people’s lives.
When we talk about developing, there are two different motivations for artificial intelligence to develop as a science in the first place. In the first one, it is said that artificial intelligence should be developed in order to better understand human intelligence. In the case of the second, artificial intelligence should be developed in order to solve certain complex tasks that are now difficult to solve and for which a human is necessary to solve them. This last motive, which is why artificial intelligence is being researched, is highlighted and further refined, in a perhaps slightly provocative way, in order to emphasize the time, we live in, where profit is often the most important thing. AI connects informatics and robotics, science, and engineering. Understanding and processing of natural and artificial languages, pattern recognition, automatic search, robotics, formalisms, and knowledge representation methods are the most common areas of application of artificial intelligence. AI has found its widest application in expert systems where the computer system replaces a human in a narrowly limited area of expertise. This type of software deployment also commonly used in algorithmic trading like the Quantum AI App.
Digital transformation and business are just some of the terms that we encounter every day in modern companies. Be it bank operations, granting loans, buying and delivering things over the Internet, the help of virtual assistants, financial transactions that do not involve the physical form of money at all, or the increasing presence of machines in agriculture and other industries that replace the investment of human effort. Along with the process of implementing artificial intelligence in business, experts agree that it could be used as a general-purpose invention method that has the ability to reshape the nature of the innovation process and the organization of research and development. If these predictions come true, the process could be significantly shortened and improved, i.e. increase the quality of the obtained results and reduce the space for possible errors.
The field of artificial intelligence is very broad nowadays, and it can be observed in different ways. Some of the main areas and applications of artificial intelligence are computer games, expert systems, neural networks, natural language understanding and processing (speech understanding, translation), computer vision (pattern or object recognition, scene analysis), problem solving, automatic programming, and so on. GenAI has become popular due to its free availability, surprising superiority over traditional chatbots, and its rapid integration into search engines like Bing and Google. This powerful AI technology can perform various tasks to make our lives more efficient and connected. This is precisely the driver of the increasing emergence of journalists and bloggers who use GenAI to create the initial version of the article, and also generate and simplify more complex topics.
The potential of artificial intelligence reaches far beyond the sphere of business and amassing wealth or market positioning. New technologies such as machine learning and deep learning enable us to do much more than drive advertising clicks with potential consumers, simplifying sales, and increasing corporate profits. Artificial intelligence could one day help us fight crime, social injustice, health, and humanitarian crises, help us solve pressing problems in the world and dramatically improve the quality of life for the entire planet.
Many industries face specific and very pronounced types of business risks. Tools and artificial intelligence systems can greatly help in overcoming, reducing, or eliminating certain specific risks. With the help of artificial intelligence, people also become more aware of risks, which directs them towards better behavior. Certain risk categories can be assessed as too risky to insure, so they should be abandoned, or else, in other categories, it is possible to see profitable risk insurance. This is also important when investing in the financial sector. Organizational and work culture must support the process of introducing artificial intelligence. Employee training is also important. Training should result in employees knowing how to use technology and systems, at the right time and in the right situations. It is important to always be ready for human intervention.
Artificial intelligence as a technology is very interesting and it, with its algorithms, is increasingly penetrating the world of work, bringing together a number of technologies that workers encounter in the workplace every day. The creation of artificial intelligence requires large costs because these are very complex systems whose repairs and maintenance require high costs. They have software programs that require frequent upgrades to meet the needs of a changing environment and to be smarter day by day. In case of serious failures, the process of restoring lost codes and data and resetting the system can require huge costs.
Nowadays, information technology and digitization of business are no longer recipes for dominance and monopoly over the market, but key resources and a business philosophy that enables survival in the ever-growing market and which is a response to ubiquitous change, both in the market, among competitors, consumers, or business methods. Investing in the digitalization of business and information technology alone does not guarantee positive results by itself, it requires high-quality planning and implementation, which, if done well, can bring a lot of positive things to the company.