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What is Artificial Intelligence? Artificial intelligence (AI) is an area of computer science that, through the creation of intelligent machines to work and react as a human would. Computers with artificial intelligenceare designed for activities such as voice recognition, automated responding bots and smart personal assistants, such as Siriand Cortana.
Advantages of Artificial Intelligence : •The chances of error are almost none with greater precision and accuracy. •Machines do not require breaks, they can continuously perform efficiently without getting bored. •Artificial Intelligence helps computers replace humans in repetitive, tedious tasks and laborious places of work. •AI can predict what a user will type, ask, search, and do, assisting them with faster results. •It can detect fraud and malwarein card-based systems, and possibly other systems in the future.
What is Digital Transformation? Digital transformationis the process of rethinking one’s business model adapting to fast changing digital technology to solve problems often utilising cloud computing, reducing reliance on user owned hardware but increasing subscription based cloud services. It requires coordination across the entire organization, since it applies new technologies to fundamentally change the way business is done.
Advantages of Digital Transformation : •It helps in optimizing business technology and operations around digital technology helps reduce cost-per-transaction savings and increases sales. •Digitalization gives companies the ability to combine data from all customer interactions and formerly unstructured sources into a useful, actionable format to optimize customer experiences. • Due to the new customer-centric focus, an enterprise can stay better prepared than before to adapt to their customers in the competitive industry.
What is IOT (Internet of Things) ? The Internet of things is the extension of Internet connectivity into physical devices and everyday objects. Embedded with electronics, Internet connectivity, and other forms of hardware, these devices can communicate and interact with others over the Internet, and they can be remotely monitored and controlled. The IoT has made an interconnection of devices possible.
Advantages of IOT (Internet of Things) : •IoT creates a decentralized pattern of communication between devices for easier functioning of the whole. • As the devices of IoT interact and communicate with each other they do a lot of tasks for us, to minimize the human effort. •Internet of things is enabling using various interconnected devices from their phones. Like Amazons ‘Alexa’ or Apples 'Siri' •IoT improves safety and security as all the devices are interconnected to hack into and immediately linking your account to your phone/other digital accounts.