In a world where there have been huge technological advancements, Artificial Intelligence (AI) has become the latest buzzword that has been bandied about and it is causing a bit of a stir.
Companies are increasingly relying on AI to help them straddle the challenges they face in the online and offline sphere, and one way has been through enhancing productivity.
Recruitment firms, in particular, have resorted to using AI to create job adverts that are tailored to finding the right candidate as drawing up a position outlining job specs can be quite time-consuming.
AI, it seems, has become a huge part of the digital landscape and there has been a lot of hype surrounding it. This could apply to technological companies.
For example, IBM has been at the forefront of AI for the past 20 years, and they have been working extensively on a Project Debater model. This is an AI cognitive computer machine that helps a computer compete against two professional debaters, and formulate human-like arguments.
Meanwhile, Facebook has utilized AI to add structure to its seemingly unstructured data, so it can interpret the content and sentiment of posts published by users across the world in a matter of seconds.
Whereas, with Amazon, AI can collect data on people’s buying habits and predict what products you might purchase before you place them in your basket.
Even the retail industry has recognized the positivity created by AI. This can be explained by the way AI helps reduce costs as the system will be prepared to take on more mundane tasks and optimize more demanding work. Customers will also benefit from AI will make it easier for them to navigate the store quickly, chat to bots, and receive personalized product recommendations.
More and more companies are prepared to jump on the AI bandwagon, and AI is having a greater impact on the gambling industry. Aside from trying to make accurate predictions about player patterns which includes promoting responsible gambling, AI is trying to customize experiences, and the possibilities are seemingly endless.
Through the harvesting of data, AI can carry out effective profiles of players as well as optimise rewards programmes. In turn, those accessing the newest slot sites will be more attuned to finding the best games with a solid RTP that will improve their chances of securing more regular wins. Of course, it will be fascinating to see how AI evolves in the years to come even if businesses have a potential AI conundrum to face before implementing the technology. While it might have its fair share of critics, the benefits seem to outweigh the drawbacks, and it should be celebrated rather than scorned.