It's a disruptive technology which would transform the business methodology and processes.The simulation of human intelligence processes by machines. These processes include learning(the acquisition of information and rules for using the information), reasoning (using rules to reach approximate conclusions) and self-correction.
Machine vision and speech recognition use AI. Organization are generating and collecting large amounts of data on a continuous basis, from points of sale to shipment tracking information, as well as inventory counts in real time. In addition, information from exogenous sources, in the form of social media & news feeds is readily accessible and available for analysis. Application of AI to this type of data that is expected to take the business a step forward. Further adoption of AI enabled tools could be attributed to the ability to remove repetitive and time consuming tasks, thereby investing more time for processes like planning, strategy, forecasting, and creative problem solving.