Updated AI 01:12 Flashcards
What is the role of AI in business context?
AI in business refers to using algorithms for predictions, process automation, and data analysis for decision-making.
How does AI perform yes-and-no predictions?
AI analyzes historical data to make binary decisions, represented as probabilities or scores.
What is the significance of numeric predictions in AI?
Essential for forecasting and numerical estimates in various business scenarios.
How is classification applied in AI?
AI categorizes unstructured data like images and texts for diverse data processing.
How does AI assist in risk assessment?
AI uses predictive models to evaluate risks based on historical data.
What is AI’s role in customer segmentation?
AI analyzes customer data patterns to effectively segment them.
What unstructured data can AI process?
Texts, images, and other non-traditional data formats.
Describe AI’s use in predictive maintenance.
AI predicts equipment failures to optimize maintenance and reduce downtime.
How does AI impact supply chain management?
Improves logistics, demand forecasting, and inventory management.
What are the advantages of AI in fraud detection?
Enhances detection accuracy, reduces false positives, and enables real-time analysis.
What is generative task handling in AI?
AI generates content like emails or summaries, improving with feedback.
What is deep learning’s role in AI?
Processes complex, unstructured data efficiently.
Explain clustering in AI.
AI groups similar data into clusters, uncovering patterns.
How is AI used in recommendations?
Suggests products or content based on user behavior and preferences.
How do workflow and rules interact with AI?
Essential for applying AI predictions in business processes.
