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Artificial Intelligence Solutions

Artificial Intelligence (AI) is intelligence exhibited by machines as opposed to natural intelligence (NI) displayed by humans.

Interest in AI boomed during the start of the 21st century, with steady growth at a rapid pace. Among the activities AI is designed for are speech recognition, handwriting recognition, image recognition, problem solving, and planning.

Some researchers consider AI to be a potential threat to humanity, fearing the world might soon be at the mercy of machines, and human labor all but automated. Others do not believe AI technology to be as scary as depicted in Hollywood movies and sci-fi books, rather able to ease our daily routine and free us of repetitive tasks.

Best Artificial Intelligence Software for your business

Types of artificial intelligence

AI is a broad concept and has many types, of which we will look at the following three:

  • Artificial Narrow Intelligence (ANI)

    Also known as Weak or Narrow AI are reactive machines that cannot rely on memory or use past experiences to make a decision. A prime example of ANI is Deep Blue, IBM’s chess-playing machine which defeated former world chess champion, Garry Kasparov, in the late 1990s.

    Deep Blue is only able to perform a specific task: to identify chess pieces, know how they move and predict the opponent’s next move.

  • Artificial General Intelligence (AGI)

    Also known as Strong AI, these machines are much harder to create than ANI. They can perform any tasks a human being can. AGI would need common sense and world knowledge to match human capability. In the past, scientists designed AI able to play chess, and developed projects like IBM’s Watson, which beat two former Jeopardy! champions in 2011. An AI computer program named Libratus, which runs on a supercomputer named Bridges, defeated four professional poker players in the game of no-limit Texas hold ‘em. But can AI systems operate outside of this narrow field, on a human level, learn from experience and adapt?

    Therein lies the challenge.

  • Artificial Superintelligence (ASI)

    ASI machines have an intelligence surpassing the most gifted human brain. The concept of ASI being smarter than the brightest minds in every field is scary and still very vague. Progressing from AGI to ASI might however not be that complicated, and what comes next is anyone’s guess. Some scientists predict it might lead to the end of mankind while others say it will benefit us all.

    We’ll see what the future holds.

Advantages of AI for Your Business

Companies do not want to remain in the same spot, stagnant, especially with the fast-paced evolution of technology and new tools constantly appearing on the market. Executives now turn their attention to artificial intelligence as a way forward, implementing AI to increase revenue.

AI can play a major role in banking by detecting money laundering and fraud. The healthcare industry can use AI to identify early signs of diseases such as diabetes before they get out of hand. In retail, AI can predict customer needs and analyze buyer behavior. In e-commerce, AI tools can help marketers highlight products and services that are in high demand. The National Center for Missing and Exploited Children is experiencing success using AI to fast track the prioritization of millions of missing children reports. Aviation can apply AI to keep up with logistics and improve customer interaction.

Other advantages of integrating AI into your business may include:

  • Enhanced customer service
  • Increased productivity and efficiency
  • Automation of routine tasks
  • Gleaning useful insights among complicated datasets

Challenges are inevitable as AI enters the workplace and companies become increasingly familiar with AI and the benefits of utilizing AI technology to get the upper hand over their competition and reap the rewards of smart, on-time management.

If you need a trusting partner to help you with your AI solutions, Margasoft can handle all your requirements and build intelligent apps to keep your business growing. Regardless of your industry type, we can develop stand-alone solutions to fit within your systems, thereby minimizing labor and infrastructure costs.