Overview of AI Concepts and Technology Stack

To give context to the interviews with leaders and practitioners that follow in this book, it is important to set a foundational understanding of some of the fundamental concepts and taxonomy of AI. However, AI terminology is challenging today due to its dynamic nature which is resulting in new terms and redefinitions. Therefore, the focus here is on what terms will be beneficial to the reader looking to understand how businesses are using AI to drive value. This chapter will help you engage with and learn from the interviews and case studies.

This chapter is presented in two key sections:

• 2.a AI concepts: This section delves into the core principles that underpin AI and the different types of AI, such as machine learning, deep learning, neural networks and generative AI. It also highlights the strengths and limitations of AI technologies, helping you identify which ones are most relevant to your business needs.
• 2.b AI technology...