Artificial Intelligence (AI) has exploded in the public mind over the last year, with many examples of AI-generated text, artwork and even full video. The talk of AI replacing entire industries is back at the front of the conversation with lawyers and accountants often mentioned as vulnerable.
Artificial intelligence is not going to replace experienced professionals right now, but people who can use AI effectively will quickly outpace those who cant. AI is changing how many people work and its here to stay. Your clients will need your AI insights, and your organization may need your AI knowledge.
So, how do you make sure it doesnt leave you behind?
You may find that you actually know more about AI than you thought you did that youve been using AI, every day, for many years. This article will explain the most common AI terminology you need to know to engage in the AI conversation in your workplace.
Artificial intelligence, or AI for short, is broadly defined as a branch of computer science that aims to develop intelligent machines, which can perform tasks that typically require human intelligence. This includes learning, problem-solving, decision making, etc. Examples of AI from everyday life range from maps and navigation to text editors and autocorrect to chatbots and digital assistants, like Siri.
An algorithm is a set of rules to be followed in calculations or other problem-solving operations, especially by a computer. In a math equation, an algorithm is the method we use to solve long division problems. A search engine, like Google, uses algorithms to find the most relevant information for the searcher.
Machine learning (ML) is a subset of AI that can learn without following explicit instructions by inferring patterns in data using statistical models and algorithms. Examples of ML include social media feeds, product recommendations, and image recognition.
Natural language processing (NLP) focuses on generating human language both spoken and written not robotic speech or restrictive text. Natural language processing applies algorithms to extract and analyze language data in a way that computers can process.It is imperative for machines to be able to process enormous amounts of data to be able to mine it and organize it and ultimately, to translate it and output human-seeming content.
Natural language search (NLS) is a type of search method that allows users to interact with a computer system or search engine using everyday language instead of formalized search queries or specific commands.Natural language search means that when youre searching for a new gym by searching for gym, your results will include most places that are focused on fitness, regardless of whether the name of the business actually includes the word gym. From a traditional gym, a CrossFit or yoga studio, Google understands that gym and studio in this instance have a similar meaning.
Your search inquiry doesnt have to be all inclusive (gym and studio and fitness and yoga and CrossFit and health and club) to get all-inclusive results. You get to type like a human, not a robot. And with a little help from machine learning, its going to keep your results local.
As a professional, it also means that when youre searching through research documents and briefs, you dont always have to use exact-match language to find precisely what youre looking for.
Data mining is the process of looking for relationships, correlations, and patterns within large data sets. Technology systems scour data and recognize anomalies within the data at a scale that would be impossible for humans. This analysis helps predict outcomes, finds potential wrongdoings, and notices questionable trends, and that information derived can be useful in a variety of ways.
Your recommendations (hopefully) keep getting better.By analyzing the patterns of people who also buy or are interested in the same products as you, a store can make relevant suggestions based on that data. This same concept plays out in Netflix recommendations or targeted advertisements online.
To put it simply,structureddata isorganizeddata, defined within a particular structure. It may be referred to as quantitative data. It is objective and easy to export to and store in Microsoft Excel or a larger database. The way it is organized is consistent and easily identifiable, which makes data mining better. Structured data is also less complicated to analyze and distill.
On the other hand, unstructured data isnt organized. It has no externally defined structure, and cannot be easily exported, stored, or organized. And its the bulk of what most organizations deal with daily. It includes most text-heavy data, such as reports, Microsoft Word documents, emails, and webpages.
Structured data has made it easy for you to complete searches and inquiries for decades.And because the data is organized and objective, you can be sure that the results you are shown are the most accurate.
For example, transactional data from a sales report e.g. Rep X sold Y units of product Z, for a total revenue this year of $$ is structured data, and easily analyzed. But that same reps detailed listing of feedback from new users of the product during implementation is unstructured, and has traditionally been difficult to examine, analyze, and quantify.
Recent advances in AI, such as Large Language Models and Foundation Models, have largely been about using vast repositories of unstructured data in new ways. See the companion article on machine learning for more details.
Big data refers to the data sets that are too large or complex to be handled by traditional data-processing software. Big data is a combination of structured, semi-structured, and unstructured data. Examples of big data include customer databases, all the information posted on a social media site, or trade data from the New York Stock Exchange.
Everything discussed above is generally well-understood and has been in use in many professional products for years decades in some cases. Remember the first time you typed a plain-language search to find what you needed? That was a type of AI. You should be relatively comfortable with these AI concepts, since youve been using them for years in your daily life, probably without even realizing.
But AI is not standing still. The consumer versions of Large Language Models have been all over the news, specifically ChatGPT and other chatbots. These AI technologies have the potential to disrupt the work of all professionals and you should be in the know. To stay on top of recent AI developments, visit our hub on artificial intelligence and read our companion article on generative AI and chat bots to learn more.
Read more:
Artificial intelligence terms professionals need to know - Thomson Reuters
- D.C. Tax Revision Commission considers digital advertising tax and ... - Lexology - September 15th, 2023 [September 15th, 2023]
- Pursue A Masters In Data Science With The 3rd Best Online Program - KDnuggets - September 15th, 2023 [September 15th, 2023]
- Working with Big Data: Tools and Techniques - KDnuggets - September 15th, 2023 [September 15th, 2023]
- Scientists suggest use of data-driven approach to look for life on other planets - Phys.org - September 15th, 2023 [September 15th, 2023]
- TSX snaps losing streak, led by tech and mining shares - Reuters - September 15th, 2023 [September 15th, 2023]
- Australia, Canada, and US merge geo data - North of 60 Mining News - September 15th, 2023 [September 15th, 2023]
- Lessons From the Tech World that Apply to Accounting Firms - CPAPracticeAdvisor.com - September 15th, 2023 [September 15th, 2023]
- How AI impacts the publishing sector, and what needs to be done to protect that industry - diginomica - September 15th, 2023 [September 15th, 2023]
- Review of visual analytics methods for food safety risks | npj Science ... - Nature.com - September 15th, 2023 [September 15th, 2023]
- Librem 11 tablet sets new standard for privacy and security with ... - Help Net Security - September 15th, 2023 [September 15th, 2023]
- Proof-of-Work on Blockchain Explained - LCX - LCX - September 15th, 2023 [September 15th, 2023]
- Reducing disaster risk for the poor in tomorrow's cities with ... - Nature.com - September 15th, 2023 [September 15th, 2023]
- July mining output falls to lowest level in four months - IOL - September 15th, 2023 [September 15th, 2023]
- The Bumpy Road Toward Global AI Governance - NOEMA - Noema Magazine - September 15th, 2023 [September 15th, 2023]
- Data mining of structured radiology reports yields advantageous ... - Health Imaging - September 4th, 2023 [September 4th, 2023]
- Postdoctoral Research Fellow in Graph Data Mining job with ... - Times Higher Education - September 4th, 2023 [September 4th, 2023]
- Two Key Genes Revealed in Chemotherapy Resistance - Neuroscience News - September 4th, 2023 [September 4th, 2023]
- The Global Mining Drills Market is forecasted to grow by USD 5267.61 mn during 2022-2027, accelerating at a CAGR of 7.61% during the forecast period -... - September 4th, 2023 [September 4th, 2023]
- US (NE): Agronomy and Horticulture seminar series begins ... - Verticalfarmdaily.com: global indoor farming news - September 4th, 2023 [September 4th, 2023]
- Business intelligence technology and e-commerce | Mint - Mint - September 4th, 2023 [September 4th, 2023]
- Single-cell RNA sequencing of murine hearts for studying the ... - Nature.com - September 4th, 2023 [September 4th, 2023]
- Bitcoin Mining Emission is a Myth! Here's the Truth Behind the ... - cryptonewsbytes.com - September 4th, 2023 [September 4th, 2023]
- Professor to aid health study of Latina women | Binghamton News - Binghamton - September 4th, 2023 [September 4th, 2023]
- Mining industry profits fall by most since the GFC - The Australian Financial Review - September 4th, 2023 [September 4th, 2023]
- We Think CGN Mining (HKG:1164) Is Taking Some Risk With Its Debt - Simply Wall St - September 4th, 2023 [September 4th, 2023]
- Advantages of pursuing MSc in Data Science - The Hans India - September 4th, 2023 [September 4th, 2023]
- Hut 8 Mining Shares Rise on Proxy Firm Recommendation on Merger with USBC - MarketWatch - September 4th, 2023 [September 4th, 2023]
- Inherent spatiotemporal uncertainty of renewable power in China - Nature.com - September 4th, 2023 [September 4th, 2023]
- Fixed Income Pricing Data Software Market to Witness Growth ... - Digital Journal - September 4th, 2023 [September 4th, 2023]
- Malaysian uni makes a mark in Germany - The Star Online - September 4th, 2023 [September 4th, 2023]
- St George Mining hits high-grade zinc and lead with silver to boot in ... - Investing.com Australia - September 4th, 2023 [September 4th, 2023]
- Emerging Trends in Pharmaceutical Data Mining Solutions Market 2023 and Global Foreseen Till 2030 | Analysis b - openPR - August 20th, 2023 [August 20th, 2023]
- Mining 1 BTC in Lebanon is 783x cheaper than Italy: CoinGecko - Cointelegraph - August 20th, 2023 [August 20th, 2023]
- How to Become a Data Analyst | SNHU - Southern New Hampshire University - August 20th, 2023 [August 20th, 2023]
- US Bitcoin Corp Announces July 2023 Production and Operations ... - Business Wire - August 20th, 2023 [August 20th, 2023]
- Artificial intelligence for reducing the carbon emissions of 5G ... - Nature.com - August 20th, 2023 [August 20th, 2023]
- Ecuador's Perez to review mining contracts suspected of polluting if ... - Reuters Canada - August 20th, 2023 [August 20th, 2023]
- European Mining Technology Conference 2023: Innovations in IT, Clean Technology & Machinery for Sustainable Mining (Madrid, Spain - December 4-5,... - August 20th, 2023 [August 20th, 2023]
- Data Analytics Tools: An overview - The Economic Times - August 20th, 2023 [August 20th, 2023]
- Indonesia - High Frequency Survey: Communication with ... - World Bank - August 20th, 2023 [August 20th, 2023]
- Indonesia - Post-Distribution Monitoring of Cash-Based Intervention ... - World Bank - August 20th, 2023 [August 20th, 2023]
- Explosives and Pyrotechnics Market Size is expected to reach ... - Digital Journal - August 20th, 2023 [August 20th, 2023]
- Here's Why Calibre Mining (TSE:CXB) Can Manage Its Debt Responsibly - Simply Wall St - August 20th, 2023 [August 20th, 2023]
- Can your screen time affect your bowel movements? - News-Medical.Net - August 20th, 2023 [August 20th, 2023]
- Genome mining shows that retroviruses are pervasively invading ... - Nature.com - August 20th, 2023 [August 20th, 2023]
- A pipeline for the fully automated estimation of continuous reference ... - Nature.com - August 20th, 2023 [August 20th, 2023]
- State Auditors to Probe Anaheim's Rerouting of Federal Funds to ... - Voice of OC - August 20th, 2023 [August 20th, 2023]
- 2 Artificial Intelligence (AI) Stocks Billionaires Are Aggressively ... - The Motley Fool - August 20th, 2023 [August 20th, 2023]
- Multiverse to Offer New 'AI Jumpstart' Training to All of its Apprentices - PR Newswire - August 20th, 2023 [August 20th, 2023]
- Crypto mining stocks may be better option than Coinbase given ... - Morningstar - August 20th, 2023 [August 20th, 2023]
- Project Insight: AlphaGPT - Innovation and New Influence of Artificial ... - BSC NEWS - August 20th, 2023 [August 20th, 2023]
- Microsoft, IBM, Google, and Amazon Lead Innovation in Competitive ... - GlobeNewswire - August 20th, 2023 [August 20th, 2023]
- Unlocking Africa's economic resurgence: Can The Middle East's ... - Arab News - August 20th, 2023 [August 20th, 2023]
- King Abdulaziz International tops airport performance in July: GACA ... - Arab News - August 20th, 2023 [August 20th, 2023]
- The three-year shareholder returns and company earnings persist lower as Anglo Asian Mining (LON:AAZ) stock falls a further 12% in past week - Simply... - August 20th, 2023 [August 20th, 2023]
- Greenwood approves two new noise ordinances to deal with ... - Arkansas Online - August 13th, 2023 [August 13th, 2023]
- Distinction between rhinitis alone and rhinitis with asthma using ... - Nature.com - August 13th, 2023 [August 13th, 2023]
- When cryptomining comes to town: High electricity use spillovers to ... - CEPR - August 13th, 2023 [August 13th, 2023]
- Louisiana Parents Warned About First Day of School Pictures - News Talk 96.5 KPEL - August 13th, 2023 [August 13th, 2023]
- 3 Things About Palantir Technologies the Smartest Investors Know - The Motley Fool - August 13th, 2023 [August 13th, 2023]
- Bankrupt Celsius Network Reveals Plan To Shut Down App, Heres Why | Bitcoinist.com - Bitcoinist - August 13th, 2023 [August 13th, 2023]
- The Role of Predictive Analytics in Modern Astronomy - Fagen wasanni - August 13th, 2023 [August 13th, 2023]
- Shares of big-data company Alteryx hammered on soft guidance - SiliconANGLE News - August 13th, 2023 [August 13th, 2023]
- Mason scientists to work with the U.S. Navy to avert 'internet ... - George Mason University - August 13th, 2023 [August 13th, 2023]
- Eight tips for talking to your kids about bullying - RED. Relevant. Essential. Denver - August 13th, 2023 [August 13th, 2023]
- The History and Evolution of Mining Healthcare Data: A Discussion ... - EnergyPortal.eu - August 13th, 2023 [August 13th, 2023]
- Top 10 Cyber Threat Intelligence Tools to Keep Your Data Safe - Analytics Insight - August 13th, 2023 [August 13th, 2023]
- Power of data being used to help boost farmers - De Montfort University - August 13th, 2023 [August 13th, 2023]
- Legislative changes, housing pressure force updates to city code - Missoula Current - August 13th, 2023 [August 13th, 2023]
- Kenya: Kindiki, Owalo Given a Week to Provide Answers On World ... - AllAfrica - Top Africa News - August 13th, 2023 [August 13th, 2023]
- The Benefits of Using Data Integration Platforms for Business ... - NASSCOM Community - August 13th, 2023 [August 13th, 2023]
- Inside The Shadowy Anaheim Chamber of Commerce Retreat ... - Voice of OC - August 13th, 2023 [August 13th, 2023]
- AI and data scraping: websites scramble to defend their content - CyberNews.com - August 13th, 2023 [August 13th, 2023]
- Over 3 Lakh Hectares Of Forest Diverted In 15 Years For Non-Forestry Purposes, 58,282 Hectares For Mining - Indiatimes.com - August 13th, 2023 [August 13th, 2023]
- Neural Network Software Market: A Lucrative $430.2 Billion ... - GlobeNewswire - August 13th, 2023 [August 13th, 2023]
- Ondas Holdings' Airobotics Enters Strategic Alliance with Saudi Excellence to Establish Local Drone Infrastructure Throughout the Kingdom of Saudi... - August 13th, 2023 [August 13th, 2023]
- Science Is Self-correcting? Time for a Reality Check! - Walter Bradley Center for Natural and Artificial Intelligence - August 13th, 2023 [August 13th, 2023]
- Spending reports: Pence, Young and Braun report what they raised ... - Daily Journal - August 13th, 2023 [August 13th, 2023]
- Australia's Newcrest Mining's annual profit drops nearly 11% - Nasdaq - August 13th, 2023 [August 13th, 2023]
- Connected car data is the next big privacy fight, Fisker lays out its future EV portfolio and Waymo ramps up in Austin - TechCrunch - August 13th, 2023 [August 13th, 2023]