The landscape of information technology across the business world is changing rapidly. This is majorly accredited to organizations' interests and moves toward digital technologies, particularly Artificial Intelligence (AI). It has the potential to improve business standards, help enhance decision making and streamline overall business operations. While the adoption of AI technologies has become a new business phenomenon, the relentless development of AI applications is creating a wide range of opportunities. AI along with machine learning platforms can be implemented to assess and process extremely large data sets in a quick and accurate manner.

Today, many companies use AI and location technology to drive more accurate predictions and strengthen decision-making. Hear Joseph Sirosh, Corporate Vice President of the Cloud AI Platform at Microsoft, talk about how AI combined with location intelligence magnifies understanding and improves business. To learn more about the power of location technology for better insights and better decisions, download our free e-books Making Sense of Digital Transformation and Making the Most of the Internet of Things. We talk to business and technology leaders who share analysis, insights, and stories on data science, the Internet of Things, Smart Communities and other forces driving digital transformation and leveraging the power of location intelligence.

In the recent book, "Prediction Machines", authors Agrawal, Gans and Goldfarb lay out a compelling and insightful proposition. They argue that the explosion of artificial intelligence in business is due to simple economics. How? Artificial intelligence lowers the cost of prediction. Prediction is about making bets on the future. By using artificial intelligence to address problems of prediction, businesses can make "better, faster and cheaper decisions".