COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What are various commercial applications of artificial intelligence?
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Drill-down
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Sensitivity analysis
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Digital dashboard
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Intelligent system
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Explanation:
Detailed explanation-1: -Automation, data analytics, and Natural Language Processing (NLP) are among the top applications of AI.
Detailed explanation-2: -Automation, chatbots, adaptive intelligence, algorithm trading, and ML are all used in financial activities. Several banks already use AI-based systems or software to provide customer service and identify abnormalities and fraud. AI is significantly valuable for the banking industry when it comes to fraud detection.
Detailed explanation-3: -Chatbots are the among the most widely used machine learning applications in business.
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