To address these issues related to lack of understanding and strategy, let’s take a look at a few points we touched on during the webinar. Let’s begin by defining a few terms to ensure we are all on the same page.
Artificial Intelligence is defined as the theory and development of computer systems able to perform tasks normally requiring human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages. Machine Learning is a part of artificial intelligence. They are algorithms whose performance improve as they are exposed to more and more data over time.
To better understand how AI and machine learning can help you, begin by focusing in on and asking yourself questions about these three points; automation, recommendation, and prevention.