AI (Artificial Intelligence)
Definition
Artificial Intelligence refers to the development of computer systems capable of performing tasks that typically require human intelligence, such as recognizing patterns, understanding language, making decisions, and generating content. Modern AI is largely driven by machine learning — particularly deep learning — where models are trained on large datasets to infer relationships and produce outputs without being explicitly programmed for each scenario.
In commerce and enterprise settings, AI underpins a wide range of capabilities: personalized product recommendations, demand forecasting, fraud detection, customer service automation, and dynamic pricing. Its strategic importance lies not just in automating repetitive tasks, but in enabling businesses to act on data at a scale and speed that no human team could match, fundamentally changing how decisions are made across the value chain.
Related Terms
Source
Last updated: May 12, 2026