Artificial Intelligence & Machine Learning

Instructions

In your own words address the following two questions equally:1) Identify what you believe AI (Artificial Intelligence) and ML (Machine Learning) can do for your industry right now (or an industry you are interested in analyzing). Show where AI is no longer a hype by identifying particular solutions that are already commercially available for your industry (hint - many AI features are being integrated into more traditional software packages). What are the potential impacts on jobs, company and industry? Looking forward, do you think your job is safe? Explain.2) What are the management challenges for implementing AI and ML in the company/industry you work for? How can some of the people, data, process, and technology challenges be overcome? Create a table to identify at lest five of these challenges, each with a possible solution.The following sources must be used:https://www.mckinsey.com/business-functions/mckinsey-analytics/our-insights/an-executives-guide-to-aihttps://www.sas.com/content/dam/SAS/en_us/doc/whitepaper1/artificial-intelligence-for-executives-109066.pdfhttps://www.mckinsey.com/business-functions/mckinsey-analytics/our-insights/what-ai-can-and-cant-do-yet-for-your-business

Answer

Artificial Intelligence and Machine LearningThe dynamics in the world of technology have shaped the way human beings are conducting their day to day activities. It is through the advancement of technology that aspects such as machine learning and Artificial intelligence. Artificial intelligence the capability of the machine to carry out functions of cognitive in nature and associated with the human minds. Some of the cognitive functions include the interacting, perceiving learning and reasoning in undertaking critical decision-making process as well as exercising creativity. In the world of business there some technologies that has facilitated the AI to play a crucial role in solving various business problems and they include the computer vision, robots, the autonomous vehicles, the virtua...
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