OWP 2022: Leading For the Future

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UPDATE FASTEST INTRODUCTION TO AI AND ML

What is the difference between artificial intelligence and machine Learning – and what do they mean for your business?

Artificial Intelligence (AI) and Machine Learning (ML) are appearing more and more in our everyday lives and are commonly used interchangeably. However, although correlated, they are not the same thing. It’s important to demystify these technologies, to be clear on what each involves, and to understand how they are different from one another.

while ML machines make predictions or take decisions based purely on algorithmic historical data.

TECHNOLOGY AT YOUR SERVICE Artificial intelligence is

considered a bigger concept; it is technology that is able to simulate or mimic human thinking, capability, and behavior. The goal is to develop human-to-machine interaction. Machine learning, on the other hand, allows machines to extract knowledge from data and learn from it without being programmed to do so. AI is becoming increasingly human-like in solving complex problems,

AMIT JOSHI Professor of AI, Analytics and Marketing Strategy at IMD

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