What is artificial intelligence (AI)?

24 May 2022

Artificial intelligence or AI refers to systems that are designed to mimic human thought processes. Artificial intelligence (AI) is based on  computer algorithms and machines. These computers or machines are designed to mimic the problem solving and decision making capabilities of a human being.

What makes artificial intelligence (AI) useful?

Artificial intelligence offers a number of key benefits that make it the perfect tool for any business.

Automation – AI offers the capability to automate almost any repetitive tasks. AI also can operate 24/7, so there’s no need to take breaks or slow down your business processes. This automation can extend to manufacturing, to administrative tasks, and more. The inherent possibilities for AI development are seemingly infinite. 

Improvement – AI can make your product or service faster, smarter and more efficient than ever before. This plays an important role, especially when it comes to customer service and improving the experience of end users.

Analysis – AI is the master of analysis. By utilising AI technology, you can analyse and sort data at incredible speeds, much faster than any human could. This speed means that you can analyse data much faster and find data patterns with ease.

Reduced error – AI can drastically improve accuracy. With AI, there is an almost zero possibility of human error.

Applications of artificial intelligence (AI)

With AI, the applications are endless. AI technologies can be applied in a number of different ways to almost any sector or industry. Here are some of the top applications of AI:

  • E-Commerce – Personalise shopping and AI powered chatbots.
  • Finance – Algorithm trading.
  • Data security – AI can be used to keep your data more safe and secure.
  • Entertainment – Streaming services use AI to show recommendations for shows.
  • Data analysis – AI can be used to process and sort through data.

How does ABiQ use artificial intelligence (AI)?

We use our decades of experience to build self-developed and unique forecasting models using artificial intelligence. This translates big data into clear business insights, enabling you to make decisions on your business growth through the power of digitalisation.

At ABiQ, we provide validated data and trusted business intelligence on the UAE, Saudi Arabia, and 54 countries in Africa. We use digitalisation and artificial intelligence to provide unique forecasting and data analysis, to help you grow your business. Contact us today to book a free demo now or register to get free access to a light version of our platform.

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