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What is Artificial Intelligence aka AI? And What is Machine Learning?: A Summary of Five Ways That AI and Machine Learning Can Improve Your Business or Accelerate Scientific Research in 2026
If you told us back in 2021 that artificial intelligence (AI) and machine learning (ML) would become so big in 2026, we might have thought you were crazy.
However, with all the recent talk about AI and ML, we’ve never found great definitions of either concept or specific examples of how to apply these tools in business or science, so our team at Chestnut Hill Analytics wrote this article to cover:
East-to-understand and intuitive definitions of AI, machine learning and related concepts like generative AI, AI hallucinations, deep learning, and leading machine learning techniques
A summary of five specific examples of how AI or machine learning can improve businesses processes and enhance scientific research studies
Four Ways Data Science and Artificial Intelligence Can Enhance Your Business and Productivity: AI Defined, Top AI Programs and Key Considerations
The past year has seen a rapid rise in artificial intelligence use among businesses and individuals.
Although the term “artificial intelligence“ was coined way back in 1955 as part of a research project at Dartmouth College, only recently has this technology seen widespread recognition and real-world applications.
Data science has had an even longer history, with its foundations in statistics and mathematics dating way back in the 19th century.
Let’s take a closer look at AI and data science, including: (1) four applications in business and productivity enhancement, (2) the major AI programs currently on the market, and (3) a few important points to think about when considering using AI and data science tools.