The business case for artificial intelligence

A way from autonomous cars and delivery drones, disruptive technologies drive the nature of businesses and business models. Artificial Intelligence or AI – as it’s commonly known – runs and develops algorithms or programs, to understand patterns from historical datasets and behaviors, and to reach solutions. The public and private sectors can benefit from AI in different forms among their operations and product development. The pace of change is expected to accelerate in the coming years. This could be a challenge for businesses to make use of AI to ensure competitiveness and upscale product development and customer satisfaction, according to Rabih Nassar, founder of Scriptr, an online platform for Internet of Things (IoT) applications.

ADDED VALUE

AI offers unlimited potential for various sectors. Companies are accumulating tons of historical data hoping to understand clients’ preferences. The technology is expected to prevail even more as the amount of data increases with the introduction of IoT projects. Nassar said that AI would enable