Updated AI 01:12 Flashcards

1
Q

What is the role of AI in business context?

A

AI in business refers to using algorithms for predictions, process automation, and data analysis for decision-making.

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2
Q

How does AI perform yes-and-no predictions?

A

AI analyzes historical data to make binary decisions, represented as probabilities or scores.

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3
Q

What is the significance of numeric predictions in AI?

A

Essential for forecasting and numerical estimates in various business scenarios.

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4
Q

How is classification applied in AI?

A

AI categorizes unstructured data like images and texts for diverse data processing.

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5
Q

How does AI assist in risk assessment?

A

AI uses predictive models to evaluate risks based on historical data.

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6
Q

What is AI’s role in customer segmentation?

A

AI analyzes customer data patterns to effectively segment them.

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7
Q

What unstructured data can AI process?

A

Texts, images, and other non-traditional data formats.

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8
Q

Describe AI’s use in predictive maintenance.

A

AI predicts equipment failures to optimize maintenance and reduce downtime.

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9
Q

How does AI impact supply chain management?

A

Improves logistics, demand forecasting, and inventory management.

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10
Q

What are the advantages of AI in fraud detection?

A

Enhances detection accuracy, reduces false positives, and enables real-time analysis.

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11
Q

What is generative task handling in AI?

A

AI generates content like emails or summaries, improving with feedback.

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12
Q

What is deep learning’s role in AI?

A

Processes complex, unstructured data efficiently.

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13
Q

Explain clustering in AI.

A

AI groups similar data into clusters, uncovering patterns.

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14
Q

How is AI used in recommendations?

A

Suggests products or content based on user behavior and preferences.

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15
Q

How do workflow and rules interact with AI?

A

Essential for applying AI predictions in business processes.

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16
Q

What is AI’s role in data summarization?

A

Condenses data into concise insights.

17
Q

How does AI recognize patterns?

A

Identifies data patterns for informed predictions or decisions.

18
Q

Describe AI in customer service.

A

Enhances customer interaction efficiency and personalization.

19
Q

How is AI applied in marketing?

A

Used for targeted advertising, insights, and content optimization.

20
Q

What is the future of AI in business?

A

Evolving to offer new efficiency, automation, and data-driven solutions.