preface

Data is the new oil, electricity, and power. The amount of data available has exploded in the past 10 to 15 years. AI-based solutions are harnessing the datasets, and hence AI has made unprecedented progress in the past decade. It has transformed our lives—the way we buy, plan, travel, respond, and connect. With the introduction of cloud computing, massive computational power became readily available. One of the most powerful additions has been large language models like ChatGPT, which revolutionized the entire ecosystem. Across all business domains, including retail, telecommunications, banking, financial services, insurance, healthcare, manufacturing, and aviation—and cutting through the functions of marketing, CRM, production, supply chains, pricing, quality—data-based AI tools are proving their tremendous value. Predictive algorithms, optimization solutions, and classification tools have improved efficiency, reduced operations cost, enhanced profit, and opened new doors to humankind. We can research for new drugs faster and more efficiently, create better and safer manufacturing processes, enhance the effectiveness of business teams, and generate superior and more mature business solutions.