Unlocking the Power of Artificial Intelligence for Your Business

Patrick Glauner ()
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Patrick Glauner: Deggendorf Institute of Technology

A chapter in Innovative Technologies for Market Leadership, 2020, pp 45-59 from Springer

Abstract: Abstract Every day, we deal dozens of times with artificial intelligence applications such as autonomous cars, spam filters, or voice recognition systems. Often we do so without explicitly knowing that those applications are based on AI because AI technology has become mainstream in the last 10 years. From a business perspective, AI enables us to automate human decision making. We can thus cut costs and waiting times as well as increase revenue and profit margin. However, we have just started to scratch the surface as there are many more AI opportunities for companies to be exploited. This chapter first provides a gentle, intuitive introduction to AI for the interested business decision maker. In the second part, this chapter provides advice and best practices on how to rethink your business in order to become an AI-driven business that prospers in an ever more competitive environment.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fuobcp:978-3-030-41309-5_5

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DOI: 10.1007/978-3-030-41309-5_5

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