AI in business. Robotic
process automation is
being applied to highly repetitive tasks normally performed by humans. Machine
learning algorithms are being integrated into analytics and CRM platforms to
uncover information on how to better serve customers. Automation is basically making a hardware or software that
is capable of doing
things automatically. Consider the example of fire alarm systems deployed in buildings. AI is all about try to make
machines or software mimic human behavior and intelligence.
Some of the world's biggest brands are increasingly
turning to automation in order to better serve customers and to reduce costs.
Big-box retailers use automated warehouses to sort and ship products, while
social media networks use automation to moderate comments, and credit card
companies use automation to detect fraud.
For example, Synapse is building a network
that gives anyone the ability to contribute his or her data and train
automation and machine-learning models. The implications here are massive,
because a new AI economy, including decentralized blockchain AI, could change
the way businesses operate and learn around the world.