AI Agents

What Is an AI Agent?A practical definition.

AI agents are software systems that can carry out multi step work on a user’s behalf with less back and forth than a typical chatbot.

Definition

An AI agent is a system designed to pursue a goal.

It combines a model with tools (APIs, data sources, business apps), clear permissions, and guardrails so it can gather context, make decisions, and take actions safely.

Core capabilities

  • Interpreting instructions and context

  • Choosing what to do next based on intermediate results

  • Using tools to read information and take actions in connected systems

  • Stopping or escalating when unsure, blocked, or complete

  • Operating within guardrails like allowed tools, data access rules, and human approvals

Boundaries

Agents vs workflows

Workflows are mostly predefined while agents decide the sequence of steps dynamically. In practice, many “agent” deployments are workflows with a few agent-like steps, which is often the right place to start.

Workflow

The steps are mostly predefined. The model fills in specific parts like summaries, classification, drafting, or extraction.

Agent

The model can dynamically decide the sequence of steps and tool calls as it goes, based on what it finds along the way.

What an agent is not

Single turn Q&A chatbots, simple RAG answerers, and classifiers that do not control a task loop.

Agent Loop

How do AI agents work?

Most agents follow a loop that clarifies the goal, gathers context, plans next actions, and validates results.

Agent loop

  1. 1

    Understand the goal

    Clarify what success means, what constraints apply, and what the user wants the agent to do or not do.

  2. 2

    Gather context

    Pull information from allowed sources: databases, documents, tickets, calendars, CRMs, logs, analytics tools, and more.

  3. 3

    Decide and plan

    Choose the next action, break work into steps, and prioritize based on constraints and what has already been learned.

  4. 4

    Act through tools

    Call APIs, update records, generate outputs, trigger jobs, or hand off sub tasks to other tools or agents.

  5. 5

    Check and close the loop

    Validate outputs, detect errors, retry when appropriate, ask a human when needed, and stop when done.

Architecture

Core building blocks of an AI agent

Practical agents are systems, not just prompts. These components make them reliable and auditable in production.

Model

The reasoning and decision engine, often an LLM paired with smaller models for specific tasks.

Instructions and role

Operating rules: goal, boundaries, tone, definitions of success, and how to behave when uncertain.

Tools

Allowed actions and information sources, exposed through function calls or APIs.

State (optional memory)

Short term state for the current run and optional longer term memory when the use case truly needs it.

Guardrails

Permissions, tool allow lists, policy checks, output validation, and approval gates for risky actions.

Orchestration and monitoring

The agent loop, timeouts, retries, logging, tracing, and the ability to hand control back to a human.

Evaluation

Tests and scorecards that measure success, catch regressions, and keep the system improving over time.

Outcomes

What do AI agents do?

Agents are useful when work requires multiple steps across tools and the steps cannot be fully scripted ahead of time.

Automate repeatable business processes

Run routine tasks end to end while keeping humans in control of key decisions.

Assist teams with analysis and decisions

Pull information together, summarize tradeoffs, and draft recommendations.

Execute actions inside business systems

Create tickets, update CRM records, generate reports, reconcile data, schedule follow ups, or trigger workflows.

Handle edge cases with escalation

When the situation is unclear, the agent can ask for clarification or route to a person instead of guessing.

Example

Finance agent with approval gates

A controller or internal audit team can use an agent to reconcile revenue, validate compliance, and draft review-ready schedules while keeping approvals in human hands.

Finance Assistant
In Progress 3
Ready for Review 3
Q4 Revenue Analysis

Analyze our Q4 revenue data and ensure it's compliant with ASC 606 revenue recognition standards. Create deferred revenue schedules and identify any recognition timing issues.

Thought12s
SearchedGAAP revenue recognition ASC 606
Read WorksheetQ4_Revenue_Analysis
I'll analyze your Q4 revenue data and ensure compliance with ASC 606 guidelines. Let me update the recognition schedules and create the deferred revenue calculations.
Q4_Revenue_Analysis+245-18
I've updated the revenue recognition schedule with proper period allocations. The deferred revenue now reflects the performance obligations accurately.
Calibri
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A1
fx
ABCDE
1CategoryQ3 2025Q4 2025YoY ChangeNotes
2SaaS Revenue$2,450,000$2,890,000+18%Strong growth
3Services$890,000$745,000-16.3%Seasonal decline
4Licensing$320,000$385,000+20.3%New contracts
5Maintenance$156,000$162,000+3.8%Stable
6
7Total Revenue$3,816,000$4,182,000+9.6%
8
9Deferred Revenue$425,000$512,000+20.5%ASC 606 compliant
10Recognized Rev.$3,391,000$3,670,000+8.2%
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Spectrum

Types of AI agents

Agents exist on a spectrum. The right choice depends on risk, complexity, and how much autonomy you actually need.

Assistant embedded in a workflow

Helps with parts of a process, but the overall path is mostly predefined.

Tool using agent

Chooses the next tool call dynamically based on intermediate results.

Multi agent system

Specialized agents handle different roles like research, planning, execution, and QA with handoffs.

Long running agent

Operates over longer periods with checkpoints, monitoring, and strong governance.

Playbook

How to get value from AI agents

Teams typically succeed with agents by doing a few simple things well.

Value playbook

  1. 1

    Start with a narrow, high value process.

  2. 2

    Define boundaries early: tools, data access, and approvals.

  3. 3

    Build tight feedback loops with validations, tests, and human review.

  4. 4

    Increase autonomy gradually from recommendation to approved execution.

  5. 5

    Measure and iterate based on outcomes, errors, and time saved.

Outlook

Are AI agents the future?

Agents are already delivering value in customer support, operations, analytics, finance, and software delivery. The biggest gains come from clear goals, the right tools, strong guardrails, and humans staying in control of high impact decisions.