6 Key Benefits of AI
Despite the massive hype around artificial intelligence (AI), one may still believe that it has yet to impact our everyday lives. But the reality is that from scrolling on your smartphone to watching a Netflix-recommended show or movie, AI has sneaked into everyone’s lives. Reports suggest that the AI market will grow by approximately 54 percent annually. But how is the technology beneficial? This article explores the advantages of AI in regular life. 1. Automation Automation is one of the top benefits associated with AI technology. In this industry, AI aids with consumer products, transportation, service, and communications. Automation results in higher production rates and boosts productivity in the listed domains. It also ensures an efficient use of raw materials, reduced lead times, better product quality, and superior safety. Moreover, automation enables the better use of resources and frees some resources for various endeavors. 2. Smarter decision making The primary objective of AI technology was to improve decision-making for businesses. The technology can help analyze trends, coordinate data delivery, quantify uncertainties, provide forecasts, and develop data consistency. All of this aids in better decision-making for the company. Moreover, helps one makes unbiased decisions. Humans act on emotions and may not always be objective.