Emergence of AI in business

Artificial Intelligence (AI) has been used in business applications since the early eighties. As with all technologies, AI initially generated much interest, but failed to live up to the hype. However, with the advent of web-enabled infrastructure and rapid strides made by the AI development community, the application of AI techniques in real-time business applications has picked up substantially in the recent past.

Artificial intelligence

Artificial intelligence (or AI) is both the intelligence of machines and the branch of computer science which aims to create it, through "the study and design of intelligent agents"[46] or "rational agents"

, where an intelligent agent is a system that perceives it