Summary of The AI Factor: How to Apply Artificial Intelligence and Use Big Data by Asha Saxena | #FreeAudioBook
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Summary of “The AI Factor”
1.Understanding AI and Big Data:
AI Is Everywhere: Contrary to the Hollywood sci-fi stereotype, AI is part of our everyday lives. It’s not distant or unattainable; it’s accessible and relevant.
The Power of Big Data: Big data fuels AI. The more data we have, the better AI algorithms can learn and make informed decisions.
2.Netflix vs. Blockbuster: A Tale of Transformation:
In the 1990s, Blockbuster Video dominated the video rental market. But by 2013, it collapsed, while Netflix surged ahead.
Netflix’s Secret Sauce: Netflix recognized the transformative potential of the internet. They embraced change and focused on streaming video.
Data-Driven Success: Netflix developed precise algorithms to recommend movies based on user preferences. They also produced original content.
By 2020, Netflix disrupted the industry, amassing over $2 billion in profit.
3.AI for Business Growth:
Multiplying Business Value: AI, big data, the cloud, robotics, and smart devices can exponentially multiply business value.
Strategic Data Use: Saxena’s methodology emphasizes understanding existing data and using it innovatively.
Ethical Considerations: AI poses ethical challenges; businesses must navigate them responsibly.
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11 сен 2024
