For decades, thanks to popular sci-fi movies and books, the collective imagination has been frequently struck with the idea of intelligent computers outsmarting and replacing humans. Fortunately, that imaginary scenario hasn’t been brought into reality yet.
But something else has happened: the emergence of artificial intelligence (AI), particularly cognitive computing. AI has been turning into a significant part of our daily lives. The digital personal assistants, smartphones, self-driving cars, music and movie applications, online shopping sites, and every application that can learn and adapt to human preferences are powered by AI technology.
The cognitive capabilities of an AI model include data mining, machine learning (ML), and natural language processing (NLP). These advanced concepts can be used to teach computers to recognize and identify risks and address complex situations. With the aid of traditional analytics and human thought processes, the cognitive ability of AI has begun to assist business decisions and boost business performance. Since typical enterprise risks often consist of unlikely disastrous events, the area of risk management lends itself to the cognitive capabilities of AI.
Continue reading: https://www.itbusinessedge.com/it-management/ai-risk-management/
But something else has happened: the emergence of artificial intelligence (AI), particularly cognitive computing. AI has been turning into a significant part of our daily lives. The digital personal assistants, smartphones, self-driving cars, music and movie applications, online shopping sites, and every application that can learn and adapt to human preferences are powered by AI technology.
The cognitive capabilities of an AI model include data mining, machine learning (ML), and natural language processing (NLP). These advanced concepts can be used to teach computers to recognize and identify risks and address complex situations. With the aid of traditional analytics and human thought processes, the cognitive ability of AI has begun to assist business decisions and boost business performance. Since typical enterprise risks often consist of unlikely disastrous events, the area of risk management lends itself to the cognitive capabilities of AI.
Continue reading: https://www.itbusinessedge.com/it-management/ai-risk-management/
