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A Symbolics 3640 Lisp machine: an early (1984) platform for expert systems. In artificial intelligence (AI), an expert system is a computer system emulating the decision-making ability of a human expert. [1] Expert systems are designed to solve complex problems by reasoning through bodies of knowledge, represented mainly as if–then rules ...
Legal expert system. A legal expert system is a domain-specific expert system that uses artificial intelligence to emulate the decision-making abilities of a human expert in the field of law. [1] : 172 Legal expert systems employ a rule base or knowledge base and an inference engine to accumulate, reference and produce expert knowledge on ...
HYPO is a computer program, an expert system, that models reasoning with cases and hypotheticals in the legal domain. It is the first of its kind and the most sophisticated of the case-based legal reasoners, which was designed by Ashley for his Ph.D dissertation in 1987 at the University of Massachusetts Amherst under the supervision of ...
Knowledge acquisition refers to the process of gathering expert knowledge and capturing it in the form of rules and ontologies. Knowledge acquisition has special requirements beyond the conventional specification process used to capture most business requirements. These issues led to the second approach to knowledge engineering: development of ...
Knowledge acquisition. Knowledge acquisition is the process used to define the rules and ontologies required for a knowledge-based system. The phrase was first used in conjunction with expert systems to describe the initial tasks associated with developing an expert system, namely finding and interviewing domain experts and capturing their ...
In information technology a reasoning system is a software system that generates conclusions from available knowledge using logical techniques such as deduction and induction. Reasoning systems play an important role in the implementation of artificial intelligence and knowledge-based systems . By the everyday usage definition of the phrase ...
In the 1980s, AI started to become prominent in finance as expert systems were commercialized. For example, Dupont created 100 expert systems, which helped them to save almost $10 million per year. One of the first systems was the Pro-trader expert system that predicted the 87-point drop in the Dow Jones Industrial Average in 1986. "The major ...
An expert system for mortgages is a computer program that contains the knowledge and analytical skills of human authorities, related to mortgage banking. Loan departments are interested in expert systems for mortgages because of the growing cost of labor which makes the handling and acceptance of relatively small loans less profitable.