AI – Its principles and practice


What is Artificial intelligence?

Artificial intelligence is a combination of different technologies working together to enable machines to act and learn with human-like levels of intelligence.


Difference between Narrow AI and General AI

AI we experience in our day-to-day lives is narrow AI, which performs a single task or a series of linked tasks. Examples for narrow AI are:

  • Weather apps

  • Digital assistants

  • Software that analyzes data to optimize a given business function


General AI is what we see in sci-fi movies, where machines simulate human intelligence and handle a range of complex tasks. However, Artificial Intelligence remains an extension of human capabilities and not a replacement.




Artificial intelligence is reshaping business


According to Harvard Business Review, AI is helping in the decision-making process from crop harvests to bank loans. It is estimated that AI will add $13 trillion to the global economy over the next decade. However, data reveals that only 8% of firms engage in core practices that support widespread adoption. Most companies only apply ad hoc pilots or are only applying AI in a single business process.


Often leaders make the mistake to view AI too narrow – Technology and talent are required, but so are company culture, structure, and ways of working to support the adoption of AI.


Do you need help to reach your goals with your AI projects? Then go to https://www.pmlogic.com.au/training or write to enquiries@pmlogic.com.au for more information. We will help you to reach your goals by tailoring your training package.


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