Business ideas would take a country forward. Tom Colton feels that entrepreneurship is the best way forward to take the nation to a level. Many startups and digital things are happening across the world. The world is taking a level to artificial intelligence. Countries like Ireland and other countries are not behind the new technology
Tom Colton on artificial intelligence
Artificial intelligence in simple terms is doing things intelligently and differently there is much news that has supported the growth of artificial intelligence in business. The modern day is sure to embrace digital technologies and artificial intelligence.
There are hard truths that come with artificial intelligence. The use of repetitive tasks would be thrown out of the windows. Sharing an update on the social media and sharing news on the social media issue to flare up artificial intelligence. There would be attacking on the user preferences and there would be a concrete effort to market the products based on the search that is given. A person planning to search for cuisine in Northern Irish would be surprised when they log in next time. There would be a revealing of the hotels and luxury spots that are available at those regions.
There would be targeted products and there would be targeted news. Many court have been loaded with cases against artificial intelligence stating about the intrusion to privacy. There are studies that had predicted that artificial intelligence would improve economy by 2035 globally .The medium of study has been the market research and data analytics.
Certain people has highlighted that frauds would come down when artificial intelligence is used better. The labor productivity is expected to increase when there is use of artificial intelligence. Healthcare has embraced artificial intelligence and has used to study the lifestyle diseases that can happen.
Police personnel has started to use the artificial intelligence to study the impact of the crime that been happening on the society. Its relationship with education background and the urge to be a part of fraud is also studied in detail. This will help in tackling crimes that can happen at any time.
Disaster management companies have started using artificial intelligence to predict weather management and this has been used well.
So how does business benefit with artificial intelligence?
The consumer psychology that is considered as complicated is understood well in detail. Consumers might be showing hidden behavioral patterns. People coming to shop may not be showing an inclination towards discounted products. But in reality, they may be searching for discounts online. There are shopping preferences like an interest for particular color and things like that would work. There are demands for fairness in artificial intelligence. There is also demand for accountability. Honesty and transparency is a feeling that would not get lost in artificial intelligence.
An ethical framework would happen in artificial intelligence. This would help in ensuring that there is fairness feels Tom Colton. There should be an addressing of privacy and trust issues with artificial intelligence for a better product.