ECONOMICS

Detailed explanation-1: -Machine learning is one of the most common types of AI in development for business purposes today. Machine learning is primarily used to process large amounts of data quickly. These types of AIs are algorithms that appear to “learn” over time.

Detailed explanation-2: -The most basic type of artificial intelligence is reactive AI, which is programmed to provide a predictable output based on the input it receives. Reactive machines always respond to identical situations in the exact same way every time, and they are not able to learn actions or conceive of past or future.

Detailed explanation-3: -Artificial Intelligence in Operations Here are just some of the ways AI improves business operations: Inventory Management-Machine Learning, a subset of AI, uses image recognition abilities to increase efficiency and productivity across a wide variety of processes, one example of this is inventory management.

Detailed explanation-4: -Natural language processing (NLP) is at the forefront of AI adoption, the report found: Over half of businesses are using applications with NLP.