Tag Archives: AI Application

Artificial Intelligence in Business and AI Application

Artificial Intelligence in Business

AI or Artificial Intelligence, has become the latest business technical catchword. However, we tend to forget that the first application of AI, was developed more than 75 years back in 1943, by a scientist, William McCulloch, and a logician Walter Pitts. They conceptualized the artificial neuron, a mathematical function modeling biological neurons. Since then, we have traveled far in our understanding and development of artificial models which are able to comprehend, forecast or predict, and analyze decision contexts.