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Emergence of Artificial Intelligence and Its Role in Promoting New Products and Services

Author

Listed:
  • Jisha Gopi

    (CET School of Management, College of Engineering Trivandrum, India.)

  • Rocky Williams

    (CET School of Management, College of Engineering Trivandrum, India.)

Abstract

Artificial Intelligence (AI) is defined as a field of science and engineering concerned about the computational comprehension of what's commonly called intelligent behaviour, and with the creation of artefacts that exhibit such behaviour. AI is the subfield of computer science. We are witnessing a lot of transformational change during this age of computation of manufacturing and processing. The increase in consumer demand has affected major industries throughout the globe. Therefore, the necessity for a catalyst for instigating such hyper changes has been felt by every element involved in such process. The necessity for artificial intelligence has seen a boom in previous couple of years with more funds available for research and development of implementable concepts into acceptable and feasible designs. Although the theme has received a substantial attention over the last years, much has been speculated and little is understood about its impacts on the general public administration. Most of the people would agree that comparing humans and machines isn't so simple and straightforward – although a computer might not excel in abstract reasoning, it has the ability to handle an enormous amount of information much faster than a human brain can do. AI is getting into a well-known field in computer science because it has enhanced the human life in many areas. AI has recently outshined human performance in several domains, and there is great hope that in healthcare. AI may yield better prevention, detection, diagnosis, and treatment of disease. This paper is an effort to understand and provide a comprehensive analysis of how artificial intelligence has developed in recent years and the part it plays in developing and promoting new products and services.

Suggested Citation

  • Jisha Gopi & Rocky Williams, 2021. "Emergence of Artificial Intelligence and Its Role in Promoting New Products and Services," Post-Print hal-05188245, HAL.
    • Handle: RePEc:hal:journl:hal-05188245
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