Boosting Leeds’ Economy Through AI-Driven Business Transformation Imagine Leeds as a high-powered engine, with AI as the fuel propelling it into an economic renaissance. You’re at the forefront, witnessing a transformation where AI-driven tech redefines manufacturing, retail, healthcare, and finance. It’s not just about automation; it’s about smart integration, unleashing potential and strategic growth. Dive…
Welcome to the world of ‘Artificial Intelligence And Innovation’, a paradigm that has triggered a fascinating transformation not just in the tech world, but in various industries across the world. This realm is revising our understanding of data handling and decision-making processes, while ambitiously reaching for the goals of improved efficiency, accuracy, and ultimately, increased profitability, in the world of business. Welcome to a realm that Leeds Apps is very proud to be intricately involved in.
Artificial Intelligence (AI) is no longer the mysterious alien from sci-fi movies. It’s here and it’s changing the way we operate. AI is essentially the simulation of human intelligence processes by machines. These processes include learning (the acquisition of information and rules for using the information), reasoning (using those rules to reach approximate or definite conclusions) and self-correction. What differentiates AI from the standard programming is its ability to learn and improve from experience.
However, AI alone is just the tip of the iceberg. The innovation that it brings along is what completes the picture. Innovation in AI is linked with the novel applications of AI and Machine Learning (ML) in industry, healthcare, finance, and virtually any other field you can fathom. From creating bespoke software or applications, optimising logistics, predicting market trends, or delivering smarter, personalised customer experiences – AI and its allied innovative solutions are revolutionising business norms.
The Software / App / Web Development market is a dynamic and evolving sector, intricately intertwined with AI and Innovation. With over 92% increase in AI adoption in organisations from 2018 to 2019, we see AI moving out of the experimental phase to becoming an integral part of their digital transformation strategy. Meanwhile, a recent study by Gartner forecasts that by 2021, 40% of all new enterprise applications implemented by service providers will include AI technologies.
Moving ahead, Ethical AI and Explainable AI are the fields that will gain momentum. As we plunge deeper into AI applications, the ethical concerns surrounding decision-making algorithms have sparked interest, as has the urge for transparency and explainability in AI. The marrying of AI and human values, ensuring that all AI decisions can be explainable to human users, will be the areas to watch out for.
We invite you to explore this ever-evolving, dynamic world of AI and Innovation, delve deep into its possibilities, and judge its impact on humanity as we know it. Interested in reading more about the arena of AI and Innovation? Visit the Artificial Intelligence And Innovation section of our blog. To jump into a diverse palette of topics, feel free to browse through our blog . If you would like to discuss AI, its advancements, its implications or how it can fit into your organizational plans, don’t hesitate to start a conversation with us at Leeds Apps.