AI is a relatively young technology that has been steadily evolving and is steadily finding its way into various industries. In every aspect, be it learning, business, or otherwise, artificial intelligence is taking over roles and responsibilities to perform work at a faster pace. Take a closer look at how artificial intelligence is changing various industries, especially in the fields of education and business.

Education

Below is discussed how artificial intelligence is transforming the educational space by automating grading and other tedious tasks and enhancing the learning process?

Grading Automation

Summative assessment involves grading tests and assignments for students which is a very time-consuming activity for teachers. With grading software that has been facilitated by AI, students can get their scores and even feedback as quickly as possible without involving any human being in this process. These tools can scan test papers and essays to assess answers with the help of codes which are loaded in advance. This makes it possible for teachers to offer their time in more productive areas such as lesson planning and individual interactions with students.

Administrative Task Automation

New roles such as AI administrative assistants in the form of chatbots are now eradicating basic administrative tasks in academics. This is through the use of chatbots which can reply to queries that students may have about courses, faculty, and admission, among others. They can work in conjugation with college databases to extract accurate information in real-time. This reduces staff workload by a great deal since most of the work done in the past is now replaced by technology.

Create Professional Presentations

Using AI the system can create professional presentations. In which one of PopAI can do these tasks in a mere 10-15 Seconds. PopAI includes the features of delivering professional presentations. PopAI uses user-edited content to create a visually appealing and organized presentation based on slides that present images, charts, and bullet point descriptions of the general topic and main points discussed by the user.

Business

AI has a lot of value for businesses and organizations as a tool for automating tasks and as a tool for analysis of information. Business and technological studies indicate that AI was likely to bring more than $16 trillion value to the global economy by the year 2030. Here is a brief look at how organizations are currently using advanced forms of artificial intelligence.

Process Automation

AI prevails over businesses to take charge of various tasks in an organization to relieve people from doing repetitive work. Automated smart process platforms can mimic human actions and decisions when it comes to closing off work processes in a better way and in less time.

For example, an insurance company using AI to work on claims and payouts, can issue policies faster in comparison to the traditional methods. Likewise, in the same manner, banks use chatbots on websites to immediately answer customers’ inquiries, including transactions, statements, and others. In the same way, administrative work such as data entry and invoice processing are also being done through AI.  

AI algorithms are faster, do not need rest and have a minimum percentage of errors that a human being is likely to make. This assists organizations to improve performance, contain costs and provide employees with the opportunity to undertake more valued positions.

Data-driven Insights

This is the reason why so much data is still unanalyzed in many organizations, as people cannot analyze the equivalent in a reasonable amount of time. Intelligent tools are used for data mining that helps extract large amounts of information and patterns that are beneficial for decision making.

Areas where businesses are deploying analytics-focused AI solutions includes:

• Analytical CRM: Predictive modeling, Estimating trends and product demand. 
• Market analysis: Evaluating the customers in terms of their behavior and choices.
• Risk management: Fraud recognition and scenario evaluation
• Making processes efficient: Identifying areas that need improvement

These findings can assist strategic management of businesses in utilizing data analysis to bring focus on strategies that pertain to sales development, cost containment and risk minimisation. To this extent, it is clear that having constant intelligence feeds from AI systems provides a competitive edge.

Final Thoughts

The future of AI application is bright and vast as more companies keep on discovering new ways to utilize it to enhance their performances and revenues. So long as there is worry of job loss because of the rising use of smart machines, the use of AI-ppt is expected to lead to creation of higher and better quality Presentation Slides. It is, therefore, in the future going to experience extensive human-technology where the technology will complement the abilities of humans to foster advancement.