The business of money has come a long way. As an example, the home loan industry has grown from the 3-6-3 business model (borrow money…Learn More
Sep 25, 2020
It is easy to get caught up in the hype of artificial intelligence (AI), as the promise of this relatively new technology has been credited with saving everything from our health to our work life and even our planet. Realistically speaking, however, in many ways, we are still a long way off from achieving these promises.
A more immediate and perhaps even more profound impact of AI can be found within the enterprise, via the aggregation of big data and the application of machine learning. Machine learning, a subset of the broader AI field, is the area of AI most likely to provide direct and tangible benefits to an organization for the foreseeable future.
Most executives today can articulate the high-level benefits of AI and machine learning, as they are becoming key components of business strategies and service offerings. Possessing this definitional understanding, however, will only get you so far.
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