What are the six dimensions of AI that are relevant in daily life? Explain in detail.
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Answer:
Proper understanding of AI and ensuring its accurate execution is especially important among start up businesses. Those that are labelled as being “in the field of AI” can attract 15-50 per cent more in their funding rounds than other tech companies, demonstrating the power of its significance.
The challenge for start-ups is their inherent nascency, especially considering that AI directly thrives from the extent of data it collates and is exposed to. In the same way that a child grows smarter the older they get, and the more they learn; algorithms also rely on experience – namely being exposed to large volumes of data and incremental rounds of improving – to continually evolve and deliver accurate results.
Larger companies including Microsoft are trying to set an example in this realm, and have subsequently been looking at new ways to use AI to keep up the momentum of surging profits. And while not every tech business has the scope of Microsoft, there are seven dimensions of AI that all companies in the field should recognise and explore in order to achieve the same-targeted levels of power, ethics, and trust: