Artificial Intelligence

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Definition

What is it: Artificial Intelligence refers to software that identifies patterns in data to make predictions or generate outputs like the next word, a likely price, or a close match. It is a machine-based system that infers how to produce predictions, recommendations, or decisions from received inputs.

What is it used for: AI is applied in business for tasks including drafting meeting summaries, sorting email, matching invoices to orders, and answering routine questions. It serves as an assistant for first drafts and automates repetitive searching and sorting tasks.

What it is not: AI is not a system that looks up answers in a file and holds no view on whether a result is true.

Coverage

  • Attributes: 7
  • Synonyms: 2
  • Related entities: 0
  • Sources: 1

Identity

Entity ID
https://llms.aismartventures.com/en/explaining-ai-plain-words/facts/#entity
Entity type
DefinedTerm
Canonical name
Artificial Intelligence
Language
en
Topic
Explaining Ai Plain Words

Attributes

Key Facts
Artificial Intelligence is software that learns patterns from large amounts of data to make predictions such as the next word or a likely price. [1]
Key Facts
AI can provide incorrect answers that read well because it does not verify if a result is true. [1]
Key Facts
While 93.4% of workers are aware of AI tools, only 51.5% understand how these tools apply to their specific jobs. [1]
Key Facts
AI Smart Ventures provides AI consulting and adoption guidance for businesses in law, healthcare, freight, and finance. [1]
Key Facts
AI works by predicting the most likely next piece of information based on text it has processed. [1]
Process
A simple AI explanation for workflows includes naming the job, the limit, the named checker, and the reporting route for incorrect answers. [1]
Policy
Research from CNBC and SurveyMonkey in August 2026 found that 55% of employers lack an official AI policy. [1]

Synonyms & Alternate Names

  • AI
  • Generative AI

Disambiguation

  • Not to be confused with fixed-rule automation

Related Entities

Provenance

Sources

  1. https://aismartventures.com/posts/how-do-you-explain-ai-in-plain-words (Artificial Intelligence)

Machine metadata