How AI is helping the commerce world
In order to read and understand this we need to know what commerce and AI is.
commerce is the trade in goods and services and all the activities involved in it. Now, coming to artificial intelligence, it refers to the intelligence demonstrated by machines. This intelligence is obtained by all the data and algorithms we humans enter into them. Through these algorithms and data the machines are getting smarter than ever before. In fact, they have outrun the humans in some of the fields
These days AI has spread its wings into various sectors, commerce is one of them. AI has proved to be very useful in this field. AI helps a company analyse the trends, the buying patterns of the consumers and many other things which are leading the companies towards greater profits. In olden days a producer used to make the goods and then take them to the market. But now, the producer needs to understand the demand of the consumers in order to make a product and AI helps them analyse the market by using the humongous amount of data available in the shortest span of time. All the data regarding the sales and all other transactions involved in commerce would take ages to be analysed by humans, but with AI's help all this is possible in a mere matter of seconds. And there are very less chances of errors being introduced during this process. AI also provides customer care services and free us from this task, thanks to their question understanding and answering ability. For example, chat bots are created to reply to all the questions a customer has. We can leave these tasks to AI and utilize that time for something more productive. AI also provides the company with best decisions by analysing various aspects of the situation and the credit goes to AI's decision making ability.It also collects useful information from the consumers and provide the seller with a better understanding of the consumer. AI shows the consumers what they want to see and buy through the data AI gets from them. It allures the consumer. Machine learning helps in taking corrective measures by using previous data where we went wrong and learn from our mistakes. automation is being use to manufacture goods and robotics is being used for delivery and transportation now a days.
AI has truly influenced the commerce field, it has paved a path towards better future.
AI has truly influenced the commerce field, it has paved a path towards better future.
Is AI a threat to us?
Everything has some drawbacks to it, so does AI. Machines are as smart as the data they receive and they cannot distinguish between right and wrong. the data is put into them by humans and this can lead to bias and errors. Sometimes AI in the hands of wrong people can be lethal. But, there are laws governing AI. There are rules regarding what kind of AI are created and how, when and where they are supposed to be used. So, this problem is kept quite under control.
The biggest threat we feel is that we humans might lose our jobs. We think that because of AI all the jobs are slipping through human hands and are falling into artificial hands. People will prefer them more than humans because they are pinpoint accurate and can work 24/7 and that will lead to greater production and profits in no time.
But, i feel that we don't have to worry about giving up our jobs because we are the smartest animals and we are meant to evolve and grow in every aspect. Lets take an example of olden days, we had different kinds of jobs before there was no technology. but, after a few years we left those jobs up to machines as new technologies were discovered, jobs like washing clothes, weaving, transportation and many other things. We found and worked for something more evolved. Now if AI takes our current jobs we will find something even better and important. I feel AI is just a helping hand. Humans possess something that AI can never imitate ,that is, creativity. So, we can use it to our advantage. AI's knowledge is only limited to what already exists but we have the potential to explore and discover the vast possibilities. I am sure future will give rise to new discoveries and we can explore them and create employment out of them. But, we will always need the help of the machines to achieve what we want. Now is the time for us to hold hands with the artificial hand and walk on the path which leads to a better future!
