The Power of AI: Taking on Advanced Document Understanding
Artificial intelligence (AI) can be defined as the ability of a computer or machine to learn from previous experiences. Many AI programs are able to understand and respond to written prompts, math problems, images, and more. AI also comes in many different forms, as today we see it at play on social media platforms, generative AI, or even in self-driving cars. These types of technological advancements have been made possible due to the variety of AI that exists today. Machine learning, deep learning, and expert systems are only a few of the AI sectors that dominate today’s technological focus.
Because of the variety of available types of AI in our society today, many experts are pushing for the unification of several or all forms of AI. Take Zillow, for example, as they developed their Zestimate tool using a combination of expert systems, machine learning, and deep learning. Nowadays, companies are spending exorbitant amounts of money on AI to further their business goals. In fact, according to Ark Invest, by 2030, artificial intelligence is expected to add $200 trillion to the global economic output. This power is very appealing to businesses, government entities, as well as individual users. For major organizations, AI can increase efficiency and productivity, increase operating speed, improve monitoring, increase quality and accuracy, and even enhance talent management and onboarding.
AI is not a one-size-fits-all type of solution, however, it enables businesses and governments to find and implement the right type of AI for their specific needs. Once those needs are defined and goals are set, AI can be used to enhance the capabilities of a given organization and further their mission. With help from intelligent document processing and other key forms of AI, the possibilities are endless and the future is bright. AI isn’t going anywhere, making it more important than ever to understand its power and harness the benefits that it can bring to our professional and personal lives.
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