Decoding Artificial Intelligence In Reality

These days we hear a lot of companies using the buzz words Like Machine Learning, Deep Learning and AI in their products and services, however the real world problem is that when asked about the impact of the services or the product they have, then most of the times it comes to on this single statement of "overall increase in business efficiency", thus it creates confusion and the statement is pretty ambiguous in nature, which is sometimes baseless and without experimental driven. Hence in this article, I want to uncover this above statement and make it easier for both companies and the clients to calculate the actual impact of the product/services. Being a technology consultant and working in the domain of AI, I personally used the exact statement whenever I wanted to pitch my services to the client, but when realizing the quantitative impact of the services I was unable to justify my piece of work because the services offered didn't provide me the numbers and the figures. Reviewing the archives of the 19th century on the industrial revolution, I summarized that it was a way of automation in those days, and there was growth in the overall production of the products just by getting new machinery in the supply chain. The whole change of system can be called AI of that era in a simpler way.