Artificial intelligence is rapidly evolving

Artificial intelligence is rapidly evolving. Software can already tell how a customer will behave and if a factory floor machine will fail. And such capabilities are only the beginning. Because AI can process enormous amounts of data and identify patterns and anomalies, it might be able to spot financial fraud by studying billions of transactions, says Pepperdine University business professor Owen P. Hall Jr. “AI will bring advances but also usher in ethical concerns,” he says. Additionally, agents and bots—small bits of software—will be able to figure out how to make trucking fleets, machinery and network resources as efficient as possible using real-time information.
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