AI – a part of Innovation
Artificial Intelligence (AI) has become a buzzword across many industries. But what does AI really mean in simple terms? Essentially, AI involves programming machines to handle repetitive tasks with the same accuracy and efficiency as a human, but without getting tired or making mistakes. This results in faster, more efficient work with better quality, often creating the impression of replacing human workers in certain roles.
Take cricket as an example. In the past, there were only two umpires. With the introduction of technology, we now have a third umpire, and the time taken for decisions is often used for advertisements, which benefits businesses. As technology advances, we might even see equipment embedded inside the ball to track things like snicks and trajectory automatically. These advancements aren’t about replacing people—they’re about striving for perfection and improving outcomes.
By CA L.Muralidharan and CPA L.Mukundan
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