Juze Business Blog: February 2017

Wednesday, February 22, 2017

Artificial Intelligence is Here: 5 Brands Implementing AI

Artificial Intelligence is Here: 5 Brands Implementing AI

To most people, artificial intelligence (AI) is represented in terms of robots with human-like similarities. Today’s reality is that of AI powering technologies and driving companies to complete tasks and make things easier. Companies are using AI more than ever, even for tasks that you may not consider.

To understand how AI impacts your business, it’s important to understand exactly what artificial intelligence is. According to Merriam Webster artificial intelligence is, “an area of computer science that deals with giving machines the ability to seem like they have human intelligence.” These machines allow technologies to seem like they have a human element while improving the efficiency and consistency of the company.

Below are five companies that leverage an artificial intelligence system to provide a better user experience for each user.

Google – Machine Learning Algorithm

As mentioned in a previous post on the impact of artificial intelligence, Google is using artificial intelligence to help their algorithms understand and learn. Google can use AI to make the results more accurate for each user, which provides a better use experience. Google has always been focused on providing the best result for each user.

Kickass Business Facts

According to The Wall Street Journal, 49.1% of Americans live in a household “where at least one member received some type of government benefit in the first quarter of 2011.”
Related: 84% of actively managed U.S. stock funds underperformed the S&P 500 in 2011.
An average couple will pay $155,000 in in 401(k) fees over their careers, according to Demos, reducing an average account balance from $510,000 to $355,000.
According to Gallup, 51.3% of Americans consider themselves “thriving,” 45.1% say they are “struggling,” and 3.6% say they’re “suffering.”
From 2001 to 2007, new-home construction outpaced household formation by more than 3 million homes.
According to economist Stephen Bronars, the new 39.6% federal tax bracket will only affect 0.7% of taxpayers but will hit 9.5% of aggregate personal income, as top earners earn a disproportionate share of the national income.
The Energy Information Administration predicts that U.S. oil imports will fall to 6 million barrels a day next year — their lowest level in 25 years.
Credit card debt as a percentage of GDP is now at the lowest level in two decades.
According to the IMF, if Japan’s female labor-participation rate rose to levels of Northern Europe, its per-capita GDP could be permanently increased by 8%.
According to a survey by Paola Sapienza and Luigi Zingales, effectively all economists agreed that stock prices are hard to predict. Only 59% of average Americans felt the same way.