Leveraging incredible advantages of Artificial intelligence is now a trend. Marketing Strategists and trendsetters are looking up to this advanced technology to their top-line revenues. The technology has is stunning the world with its latest innovations. The global Artificial Intelligence market size was valued at USD 24.9 billion in 2018 and is anticipated to expand at a CAGR of 46.2% from 2019 to 2025. Businesses worldwide are leveraging AI benefits to render improved customer experience and enhanced personalization to users.

Artificial intelligence has become a well-recognised and frequently used buzzword. However, it means different things in different situations and as such can be tricky to define. Whilst most people think of AI as a technology in its own right, it's actually more of a general term used to refer to a number of different technologies that enable systems to act intelligently. When it comes to business applications, AI can support intelligent functionality by helping a system to sense, understand, perform and learn. A system that has been trained using machine learning or deep learning can assess how to act by analysing data, rather than relying on prescriptive, hard-coded actions.

For some, artificial intelligence (AI) can be a scary technology. There are so many articles on the web about how AI will end up replacing X% of IT jobs by Y year. There's no reason to be afraid of AI or machine learning. If anything, most IT jobs will benefit from AI/machine learning. The tech world is always changing, and AI is becoming a big driver of change.

Artificial Intelligence is gaining prominence by the day, with every major function being simplified and automated through this amazing technology. AI is playing a huge role in transforming the way education is being imparted to students, irrespective of their language or learning pace. Take an example of the integration of the school information management system with AI. The key activities that every educational institution performs include admission, examination, attendance, stakeholder management, fees, and various other inter-related activities and these can be performed in a much better and efficient manner when artificial intelligence comes into the picture. What role does AI play in bolstering the education system?

But AI is not only to make the rest of the business function well. Let's pull it back to the HR department itself. Firstly if a chatbot can answer general queries, it frees up loads of an HR team member's time. More time is also saved when AI can automate repetitive tasks such as logging work hours. But once again the most exciting benefit comes from the recruitment process such as helping you to manage it with software instead of handling paperwork manually.

While consumers may be cautious about AI, retailers are eagerly anticipating the technology's benefits. Roughly 54% of retailers surveyed by SLI Systems said they already use or plan to add AI tech in the future, with 20% expecting to add AI within the next 12 months. By 2019 about 40% of retailers will develop customer experience architecture supported by artificial intelligence, with such platforms providing up to a 30% conversion increase and a 25% revenue bump due to hyper-micro personalization, reported IDC Retail Insights. Meanwhile, global retail spending on AI will grow to $7.3 billion per year by 2022, up from an estimated $2 billion in 2018, according to a study from Juniper Research. Among retailers, many implementations and tests are underway.

Bill Schneider, vice president of IT at Pioneer Energy Services, said oil and gas has historically been "a laggard in digital." And tech investments slowed in 2014, when the price of oil started its precipitous, two-year decline. "So we've got a lot of ground to make up," Schneider said. The San Antonio-based company provides drilling and well services for oil and gas companies in the U.S. and Colombia, and it has sensors affixed to wells and field equipment "which generate a tremendous amount of data," Schneider said. But just a fraction of the data coursing through the internet of things (IoT) and collected by the company is analyzed, he said -- and that presents a huge opportunity.

Masayoshi Son, one of the world's most successful investors, is putting his money behind the artificial intelligence revolution. Son, the world's 82nd richest man by Forbes' reckoning, leads Softbank, a Japanese telecommunications powerhouse that also holds investments in dozens of companies. The newest in the stable is ARM Holdings, developer of the chip designs that power nearly all phones, which Softbank acquired for $32 billion this year. Those ARM chips will help spread artificial intelligence and propel the world toward the so-called singularity, Son said, speaking Tuesday at ARM's developer conference here in Santa Clara, California. The singularity is the moment futurists envision when computing progress has accelerated to the point where we no longer can predict what's next for technology or humanity.