What are AI and ML?

The above explanation is of course simplified and AI and ML have many more cognitive advantages that deserve a more extensive explanation. One key aspect is that the aim of AI and ML is not to replace humans, but to augment their capabilities. As AI is able to tackle routine tasks and increasingly complex non-routine tasks, humans can concentrate their efforts on tasks that have the most added value – those that really need human judgement. For instance, staff deployed in operations do not need to go through every invoice and process it in the appropriate way for the supplier. Instead, they can focus on the more complex ones while the AI algorithm processes the great majority of the invoices – faster, cheaper and more accurately than humans.