Artificial intelligence (AI) is swiftly fueling the development of a more dynamic world. AI, a subfield of computer science that is interconnected with other disciplines, promises greater efficiency and higher levels of automation and autonomy. Simply put, it is a dual-use technology at the heart of the fourth industrial revolution. Together with machine learning (ML) — a subfield of AI that analyzes large volumes of data to find patterns via algorithms — enterprises, organizations, and governments are able to perform impressive feats that ultimately drive innovation and better business.
The use of both AI and ML in business is rampant. In fact, 37% of businesses and organizations have already integrated AI in some form within their systems and processes in 2020. With tools powered by these technologies, enterprises are able to better predict customers’ buying behaviors that contribute to increased revenues. Some enterprises, with the help of ML- and AI-powered tools, are able to build highly profitable businesses such as Amazon, which reached a trillion-dollar business valuation in 2018.
Source: Trend Micro/United Nations Interregional Crime and Justice Research Institute/Europol