Today, businesses rely on various software to handle their day-to-day tasks. From customer relationship management (CRM) software to enterprise resource planning (ERP) software, businesses use software to automate tedious tasks and save time. However, these software only offer a limited set of features. What if there was a software that could not only automate tasks but also help you make better decisions? This is where artificial intelligence (AI) comes in.
AI has the ability to identify patterns in data that humans may not be able to see. This is because AI can process data much faster than a human can and can examine data from a different perspective. For example, if you were looking at a dataset of financial transactions, you might be able to see patterns that indicate fraudulent activity. However, if you were looking at the same dataset from the perspective of an AI system, you might be able to see patterns that indicate fraudulent activity that you would not have been able to see from a human perspective.
One of the benefits of using AI to identify patterns in data is that it can help you make better decisions. For example, if you are a financial analyst, you might be able to use AI to identify patterns in financial data that indicate a company is about to go bankrupt. By using AI, you can make decisions based on data that you would not have been able to see from a human perspective.
Another benefit of using AI to identify patterns in data is that it can help you automate decision making. For example, if you are a bank, you might use AI to identify patterns in customer data that indicate a customer is likely to default on a loan. By using AI, you can automatically deny the loan without having to go through a human decision making process.
Overall, AI has the ability to identify patterns in data that humans may not be able to see. This is because AI can process data much faster than a human can and can examine data from a different perspective. By using AI, you can make better decisions and automate decision making.
References:
https://www.forbes.com/sites/forbestechcouncil/2017/08/24/how-ai-help-you-make-better-business-decisions/#65e486cb5296
https://www.toptal.com/machine-learning/top-10-benefits-of-machine-learning
https://hbr.org/2018/04/ai-wont-replace-humans-in-decision-making-but-it-will-change-how-we-work