Episode 13: What Is Artificial Intelligence and Why Is It Beneficial for You?

From Arc 5: Perspectives on Artificial Intelligence: Unveiling AI’s Impact on Business Transformation

April 16, 2024 | 11 minutes

In this episode, delve into the realm of Artificial Intelligence (AI) and its profound impact on modern businesses. Gain insights into the various capabilities of AI and how industries are harnessing its potential to drive innovation and efficiency. Learn how integrating AI into your business strategy can unlock new opportunities and streamline operations.

Key takeaways

• Three main kinds of AI exist: Artificial Narrow/Weak, General/Strong, and Super, each with distinct capabilities
• Artificial Narrow AI, evolving from Reactive AI to Limited Memory AI, constitutes the majority of AI applications in use today
• AI can be effectively utilized to automate low-value tasks, thereby optimizing resource allocation within businesses
• AI augmentation facilitates enhanced decision-making processes and overall efficiency by complementing human responsibilities

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Highlights & Timestamps

0:00 | Introduction
0:54 | The kinds of AI
2:07 | The types of Artificial Narrow AI: Reactive vs. Limited Memory
3:45 | Building your online profile and preferences
4:49 | Industries using AI: Manufacturing examples
5:51 | Industries using AI: Medical examples
6:46 | Limited Memory AI: Fill gaps and work more efficiently
8:53 | How can AI benefit your business
9:56 | Conclusion

References

IBM blog: Understanding the different types of artificial intelligence

Speakers

Hosts

Stephen Sugumar, Account Executive at Diabsolut
Stephen has delved into many roles over the years, from development, professional services, solutions consulting, into his current role as account executive today. Leveraging his technical expertise and solutioning adaptability to find a path forward within all his engagements while guiding his team in similar fashion. He is an expert in processes and best practices—leveraging insight from industries such as Energy & Utilities, Healthcare, Home Services, Telecom, Manufacturing, and High Tech—to support Diabsolut’s customers in their evaluation and selection of Service solutions.

Peter McMullan, Solutions Consultant at Diabsolut
As a seasoned member of the Pre-Sales team, Peter brings an expertise in service management, focusing on field service and improving operations within service organizations. His background in engineering gives him a fresh, solution-driven perspective that he leverages to analyze problems. Peter proves himself to be a trusted advisor to Diabsolut and customers through his understanding of business analysis, process improvement, development, and configuration in designing and demonstrating tailored solutions.

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