What's Happening

Artificial Intelligence Cheat Sheet: What Business Executives Should Know

Buzzwords like artificial intelligence and machine learning have been floating around the business world, but they often aren’t used correctly or completely understood. The complex processes of technology today can be hard to wrap your brain around, and it’s not always clear what they can do for you. This article will help define all those buzzwords that skim through your company as well as show you their importance and relevance in the field.

What is AI, ML, and DL?

Artificial intelligence, machine learning, and deep learning may be thrown around interchangeably, but they have entirely different meanings. Artificial intelligence is the use of computer systems to complete tasks that generally require human thinking, or rather, tasks that go beyond the ability of a single person. AI is a component that enriches all that we can do on our own; it can hold, analyze, and interpret countless pieces of information instantaneously and complete jobs in the blink of an eye.

Machine learning is the ability of technology to recognize specific patterns or aspects of data on its own and implement responses based off of those patterns. ML can also be used to predict future patterns based on evaluations of past data and stay up-to-date in changing the market climate and trends for the benefit of your business.

Deep learning utilizes multiple dimensions of data, much like the human brain. It was initially modeled after our neural networks and synapses and designed to operate similarly. Thus, DL is capable of working in multiple dimensions and with more data than ever used before; it can even utilize unstructured images and sounds.

ML and DL can make up some of the algorithmic techniques used in AI, but AI as a whole goes much further than these two concepts alone. Artificial intelligence is crafted to solve the problems given to it by its users and complete the necessary tasks at hand.

Implementation in Business

As is already evident, artificial intelligence and all that it encompasses can be incredibly helpful in the business realm. Unfortunately, many executives don’t know enough about AI implementation or don’t have a strong enough foundation in basic analytics. AI requires the right data, the right staff, and the right goals to function correctly.

You have plenty of data about your business and the market, seen in everything from small consumer interactions to huge trends across the country. This is the data AI needs; it can be used to analyze and forecast everything you need to know to flourish in the future. As much as you need to know data from the past and present, though, you must keep creating data for the best use of artificial intelligence. As time goes on, more and more data will become available to you, and inevitably, some data will be more relevant than others. Find and create the data you need to utilize AI in the way that suits you best.

Artificial intelligence also helps to even out the playing field in the business world. Instead of requiring the experts that you might not have or can’t afford, all tools have already fallen into your hands; AI eliminates the need of long-term experience and expertise and instead requires proper utilization for success.

One of the most incredible things about artificial intelligence, machine learning, and deep learning is that they can all help immensely in different ways, and they can all be used together. Companies can utilize the three to automate different processes, find certain trends, look at things from new angles, and grow in an increasingly competitive market through unique insights and analytics.

These facets of technology play on each other’s strengths and can help craft a business that functions like never before.

The technological words that you come across in your work have more value than simply making you sound up-to-date and involved in modern processes; they can radically change your procedures for more efficiency, productivity, and overall success. AI and its components give the competitive edge that a thriving company needs, and uses the data and information already available to you to make business prospects more transparent and more manageable.

If you’ve been looking into artificial intelligence and didn’t have the confidence or the know-how to implement it in your business, SafeNet can help. Our technology consulting can help you to bring AI to your company smoothly and quickly, and they’ll make sure you’re getting everything you can out of it. Contact SafeNet to be your modern technology experts and watch how your business booms.

Share