1. n. [Digital]

Artificial intelligence is a computer system that simulates human intelligence.

AI can take many forms, including:

• Predictive AI (also known as machine learning)—uses data to make forecasts or classifications.
• Generative AI—creates new content such as text, images, or code.
• Agentic AI—acts autonomously to plan and execute tasks to achieve goals.

Relevance to business: AI is used in automation, decision making, and predictive analytics solutions. It can increase business efficiency, help reduce cost, improve the speed and quality of decision making, and increase a company’s competitive advantage.