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To date, most enterprise AI solutions have been handcrafted by data scientists. Reality: Data, algorithms, and models are a start.But an AI solution must be scalable to meet changing business needs.
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The value of AI is that it augments human capabilities and free your employees up for more strategic tasks. Reality: Enterprise AI isn’t about robots taking over.

In-house AI development allows businesses to customize to unique business needs prebuilt AI solutions enable you to streamline your implementation with a ready-to-go solution for more common business problems. Reality: Most enterprises adopt AI by combining both in-house and out-of-the-box solutions.

Here, we explore five common myths about AI: While many companies have successfully adopted AI technology, there’s also quite a lot of misinformation about AI and what it can and can’t do. Many of the features and capabilities of AI can lead to lower costs, reduced risks, faster time to market, and much more. For example, targeted recommendations provided by AI can help businesses make better decisions faster. Enterprises are increasingly recognizing the competitive advantage of applying AI insights to business objectives and are making it a businesswide priority.
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The emergence of different tools for labeling data, plus the ease and affordability with which organizations can store and process both structured and unstructured data, is enabling more organizations to build and train AI algorithms. AI needs to be trained on lots of data to make the right predictions.

Before this development, the only computing environments available for AI were non-cloud-based and cost prohibitive. The abundance of commodity compute power in the cloud enables easy access to affordable, high-performance computing power.

Although AI brings up images of high-functioning, human-like robots taking over the world, AI isn’t intended to replace humans.
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Recommendation engines can provide automated recommendations for TV shows based on users’ viewing habitsĪI is much more about the process and the capability for superpowered thinking and data analysis than it is about any particular format or function.Intelligent assistants use AI to parse critical information from large free-text datasets to improve scheduling.Chatbots use AI to understand customer problems faster and provide more efficient answers.In the simplest terms, AI which stands for artificial intelligence refers to systems or machines that mimic human intelligence to perform tasks and can iteratively improve themselves based on the information they collect.
