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2020 | OriginalPaper | Chapter

Unlocking the Power of Artificial Intelligence for Your Business

Author : Patrick Glauner

Published in: Innovative Technologies for Market Leadership

Publisher: Springer International Publishing

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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.

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previous chapter Innovation and Future Technology Scenarios in Health Care: Ideas and Studies
next chapter Innovation Means: Asking the Right Questions
Footnotes
2
With digitalization and AI becoming ever more crucial to the success of a company, more companies will likely appoint CDOs directly to their board in the future.
 
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Metadata
Title
Unlocking the Power of Artificial Intelligence for Your Business
Author
Patrick Glauner
Copyright Year
2020
Book
Innovative Technologies for Market Leadership

Print ISBN: 978-3-030-41308-8

Electronic ISBN: 978-3-030-41309-5

Copyright Year: 2020

DOI
https://doi.org/10.1007/978-3-030-41309-5_5