AI Regulation: Balancing Innovation and Control
The digital revolution has transformed the complete working and performance of the industries enhancing the business across several dimensions. All the aspects of communication, customer services, business development, finance management, workforce management, business planning followed by research and development; have been optimized and enhanced with the application of the technologies. The developments in the software applications systematized the business operations through synchronized software tools. The further advancements led to the new revolution of Artificial Intelligence (AI), Machine Learning (ML) and Internet of Things(IoT). The AI systems have helped in executing the repetitive tasks with accuracy, speed and reliability. The basic communication in customer service department is now taken care by the AI chatbots that have built-in system that answers the users questions and engages the customers on a professional level. The involvement of AI is now in every field of...