Home Data Artificial Intelligence Business: How you can profit from AI

Artificial Intelligence Business: How you can profit from AI

By Przemek Chojecki
books-svg-icon Book
eBook $17.99
Subscription $15.99
$10 p/m for first 3 months. $15.99 p/m after that. Cancel Anytime!
What do you get with a Packt Subscription?
This book & 7000+ ebooks & video courses on 1000+ technologies
60+ curated reading lists for various learning paths
50+ new titles added every month on new and emerging tech
Early Access to eBooks as they are being written
Personalised content suggestions
Customised display settings for better reading experience
50+ new titles added every month on new and emerging tech
Playlists, Notes and Bookmarks to easily manage your learning
Mobile App with offline access
What do you get with a Packt Subscription?
This book & 6500+ ebooks & video courses on 1000+ technologies
60+ curated reading lists for various learning paths
50+ new titles added every month on new and emerging tech
Early Access to eBooks as they are being written
Personalised content suggestions
Customised display settings for better reading experience
50+ new titles added every month on new and emerging tech
Playlists, Notes and Bookmarks to easily manage your learning
Mobile App with offline access
What do you get with eBook + Subscription?
Download this book in EPUB and PDF formats, plus a monthly download credit
This book & 6500+ ebooks & video courses on 1000+ technologies
60+ curated reading lists for various learning paths
50+ new titles added every month on new and emerging tech
Early Access to eBooks as they are being written
Personalised content suggestions
Customised display settings for better reading experience
50+ new titles added every month on new and emerging tech
Playlists, Notes and Bookmarks to easily manage your learning
Mobile App with offline access
What do you get with a Packt Subscription?
This book & 6500+ ebooks & video courses on 1000+ technologies
60+ curated reading lists for various learning paths
50+ new titles added every month on new and emerging tech
Early Access to eBooks as they are being written
Personalised content suggestions
Customised display settings for better reading experience
50+ new titles added every month on new and emerging tech
Playlists, Notes and Bookmarks to easily manage your learning
Mobile App with offline access
What do you get with eBook?
Download this book in EPUB and PDF formats
Access this title in our online reader
DRM FREE - Read whenever, wherever and however you want
Online reader with customised display settings for better reading experience
What do you get with video?
Download this video in MP4 format
Access this title in our online reader
DRM FREE - Watch whenever, wherever and however you want
Online reader with customised display settings for better learning experience
What do you get with video?
Stream this video
Access this title in our online reader
DRM FREE - Watch whenever, wherever and however you want
Online reader with customised display settings for better learning experience
What do you get with Audiobook?
Download a zip folder consisting of audio files (in MP3 Format) along with supplementary PDF
What do you get with Exam Trainer?
Flashcards, Mock exams, Exam Tips, Practice Questions
Access these resources with our interactive certification platform
Mobile compatible-Practice whenever, wherever, however you want
BUY NOW $10 p/m for first 3 months. $15.99 p/m after that. Cancel Anytime!
eBook $17.99
Subscription $15.99
What do you get with a Packt Subscription?
This book & 7000+ ebooks & video courses on 1000+ technologies
60+ curated reading lists for various learning paths
50+ new titles added every month on new and emerging tech
Early Access to eBooks as they are being written
Personalised content suggestions
Customised display settings for better reading experience
50+ new titles added every month on new and emerging tech
Playlists, Notes and Bookmarks to easily manage your learning
Mobile App with offline access
What do you get with a Packt Subscription?
This book & 6500+ ebooks & video courses on 1000+ technologies
60+ curated reading lists for various learning paths
50+ new titles added every month on new and emerging tech
Early Access to eBooks as they are being written
Personalised content suggestions
Customised display settings for better reading experience
50+ new titles added every month on new and emerging tech
Playlists, Notes and Bookmarks to easily manage your learning
Mobile App with offline access
What do you get with eBook + Subscription?
Download this book in EPUB and PDF formats, plus a monthly download credit
This book & 6500+ ebooks & video courses on 1000+ technologies
60+ curated reading lists for various learning paths
50+ new titles added every month on new and emerging tech
Early Access to eBooks as they are being written
Personalised content suggestions
Customised display settings for better reading experience
50+ new titles added every month on new and emerging tech
Playlists, Notes and Bookmarks to easily manage your learning
Mobile App with offline access
What do you get with a Packt Subscription?
This book & 6500+ ebooks & video courses on 1000+ technologies
60+ curated reading lists for various learning paths
50+ new titles added every month on new and emerging tech
Early Access to eBooks as they are being written
Personalised content suggestions
Customised display settings for better reading experience
50+ new titles added every month on new and emerging tech
Playlists, Notes and Bookmarks to easily manage your learning
Mobile App with offline access
What do you get with eBook?
Download this book in EPUB and PDF formats
Access this title in our online reader
DRM FREE - Read whenever, wherever and however you want
Online reader with customised display settings for better reading experience
What do you get with video?
Download this video in MP4 format
Access this title in our online reader
DRM FREE - Watch whenever, wherever and however you want
Online reader with customised display settings for better learning experience
What do you get with video?
Stream this video
Access this title in our online reader
DRM FREE - Watch whenever, wherever and however you want
Online reader with customised display settings for better learning experience
What do you get with Audiobook?
Download a zip folder consisting of audio files (in MP3 Format) along with supplementary PDF
What do you get with Exam Trainer?
Flashcards, Mock exams, Exam Tips, Practice Questions
Access these resources with our interactive certification platform
Mobile compatible-Practice whenever, wherever, however you want
  1. Free Chapter
    A short history of Artificial Intelligence
About this book
We’re living in revolutionary times. Artificial intelligence is changing how the world operates and it determines how smooth certain processes are. For instance, when you go on a holiday, multiple services allow you to find the most convenient flights and the best hotels, you get personalized suggestions on what you might want to see, and you go to the airport via one of the ride-sharing apps. At each of these steps, AI algorithms are at work for your convenience. This book will guide you through everything, from what AI is to how it influences our economy and society. The book starts with an introduction to artificial intelligence and machine learning, and explains the importance of AI in the modern world. You’ll explore how start-ups make key decisions with AI and how AI plays a major role in boosting businesses. Next, you’ll find out how media companies use image generation techniques to create engaging content. As you progress, you’ll explore how text generation and AI chatbot models simplify our daily lives. Toward the end, you’ll understand the importance of AI in the education and healthcare sectors, and realize the risks associated with AI and how we can leverage AI effectively to help us in the future. By the end of this book, you’ll have learned how machine learning works and have a solid understanding of the recent business applications of AI.
Publication date:
August 2020
Publisher
Packt
Pages
150
ISBN
9781800566514

 

A short history of Artificial Intelligence

The term artificial intelligence was used the first time in 1955 by John McCarthy, a math professor at Dartmouth who organized the seminal conference on the topic the following year. In 1957 the economist Herbert Simon predicted that computers would beat humans at chess within 10 years (he was slightly wrong, it took 40). In 1967 the cognitive scientist Marvin Minsky said, Within a generation, the problem of creating artificial intelligencewill be substantially solved.Simon and Minsky were both intellectual giants, but they were wrong about AI badly. These dramatic but wrong claims caused various repercussions in how people in the second half of 20th century thought about AI: more as a subject of a science fiction novel than actual science.

The idea of an Artificial Intelligence, automation of certain repetitive processes, dates back to the Cold War when US intelligence was trying to translate Russian documents...

 

Basic terminology of Artificial Intelligence

Let’s now jump into basic terminology related to AI. When we say Artificial Intelligence we mostly mean machine learning - a domain of computer science that uses learning algorithms able to tune themselves on data provided by a user. The fundamental block of machine learning is neural networks. They are algorithmic systems based on simulating connected neural units,loosely modeling the way that neurons interact in the brain.

As we have mentioned above, these computational models inspired by neural connections have been studied since the 1940s. They have returned to prominence with the rise of computer processing power able to cope with large training data sets and have been used to successfully analyze input data such as images, video, and speech. Deep learning is a subset of machine learning, where neural networks have many layers of neurons (deep network). The more layers you include in your machine...

 

Statistics related to AI

Following analysis done by AI State Index1, lets review some statistics related to Artificial Intelligence, that will fully show how important this market is becoming (or already is). Its crucial to understand that we are still early when it comes to applied AI, and most of those statistics will grow substantially in the upcoming years. The reason for that is most of the cutting-edge research is still far away from day-to-day business applications either because of the costs of the hardware or the required expertise to apply it. I expect the full AI boom to come within the next ten years when every company will need to implement AI elements to be competitive even at the local scale. This will come in pair with the democratisation of AI: the cost and difficulty of implementation of most algorithms will largely decrease. AI applications will be as available as general cloud storage is now.

Looking at Google Trends one can see that “...

About the Author
  • Przemek Chojecki

    Przemek Chojecki joined The University of Oxford as a research fellow after completing his Ph.D. in mathematics in Paris, and then moved to the Polish Academy of Sciences where he worked as an assistant professor until 2019. His interests lie in mathematics, computer science, data science, and AI. He is currently the CEO at Contentyze.

    Browse publications by this author
Artificial Intelligence Business: How you can profit from AI
Unlock this book and the full library FREE for 7 days
Start now