Artificial intelligence (AI)

Artificial intelligence (AI) and robotics have become increasingly hot topics in the press and academia. In October 2017, Bloomberg published an article claiming that artificial intelligence is likely to be the “most disruptive force in technology in the coming decade” and warning that firms that are slow to embrace the technology may risk extinction.

Now in society, we are living in a world of machines. We depend on machines for every field of our life. Everything around us is an application of artificial intelligence. Air conditioners, cameras, video games, medical equipment, were traffic lights, refrigerators, etc work on “smart” technology. Artificial Intelligence is a branch of computer science that works to create a computer system capable to react like a human being. That is to make machines capable of sensing the world around them, to understand conversations, and to take decisions like a human.

AI also involves the use of statistics and probability and various other mathematical tools (neural networks and machine learning is mostly based on these).

WHAT IS AI?

Most people are not very familiar with the concept of artificial intelligence (AI). As an illustration, when 1,500 senior business leaders in the United States in 2017 were asked about AI, only 17 percent said they were familiar with it. Despite its widespread lack of familiarity, AI is a technology that is transforming every walk of life. It is a wide-ranging tool that enables people to rethink how we integrate information, analyze data, and use the resulting insights to improve decision making.

Artificial intelligence algorithms are designed to make decisions, often using real-time data. They are unlike passive machines that are capable only of mechanical or predetermined responses. Using sensors, digital data, or remote inputs, they combine information from a variety of different sources, analyze the material instantly, and act on the insights derived from those data. With massive improvements in storage systems, processing speeds, and analytic techniques, they are capable of tremendous sophistication in analysis and decision making.

APPLICATION OF AI.

Here are the applications of AI in various sectors:

1. Artificial Intelligence in Healthcare.

This is the most important thing that humans need in today’s generation. Health is wealth. It enables workflow assistants which help the doctors to free up their schedules and also reduce the time and cost. They also open new avenues for the industry.  With COVID-19 becoming a global crisis, AI became the first line of defense in using it to keep tabs on the virus. In this unprecedented situation, AI comes to play be helping reduce the work of clinicians and medical attendants. With that, AI-powered technology helps pathologists in analyzing samples of tissue and helps the diagnosis to be more accurate.

2. Artificial intelligence in Machines and Robotics.

Since the beginnings of civilization man have had a fascination for a human-like creation that would assist him. Robotics and machines come to existence from this logic of Artificial Intelligence. Calculators are not intelligent. Calculators give the right answers to challenging math problems, but everything they “know” is preprogrammed by people.

The most famous of all uses for artificial intelligence systems in robotics.  Robotics is the study and development of robots. With robotics have been taken into account in many Hollywood films. From the android Data in Star Trek to C3PO in Star Wars, people have been engaged in science fiction with countless numbers of computerized robots. In today’s world, those types of robots are still fictional. However even today we use robots in countless applications. With the automation of many assembly lines now, we use robots. For example, many auto manufacturers now employ the use of robots in many jobs that require a large amount of strength.

3. Artificial Intelligence in business.

A business heavily relies on real-time reporting, accuracy, and processing of large volumes of quantitative data to make crucial decisions. With this efficiency and effectiveness of a business, it is quickly able to implement machine learning.

AI is to be the future for the banking and finance industry as it powers up analytics to fight against fraudulent transactions. Nomura Securities, a Japanese financial holding company have started using AI to help analyze the insights of the experienced stock trading.

Marketing is also a very important major factor in business. AI could easily automate all these tasks for you. In 2019 study says, 40 percent of the marketing and sales team are explicitly using data science and AI in their business leading the department toward the pinnacle of success.

4. Artificial intelligence in autonomous vehicles.

The current example in auto is Tesla. Published in MarketWatch Tesla may be the most remarkable market story of them all says, strategist. Like humans, self-driving cars need to have sensors to understand the world around them and a brain to collect, process, and choose specific actions based on information gathered.

Autonomous vehicles are advanced tools to gather information. Directing the car to the gas station or recharge station when it is running low on fuel. Adjust the trip’s directions based on known traffic conditions to find the quickest route. Incorporate speech recognition for advanced communication with passengers. Natural language interfaces and virtual assistance technologies.

5. Artificial intelligence in space exploration.

Astronomers are now using AI to sift through years of data that is obtained using a Kepler telescope to identify a distant planet solar system. AI and machine learning have been the best ways that can handle data at this distance. NASA uses AI to tackle problems in space.

6. Artificial intelligence in Education.

It automates grading giving educators more time. It can also assess students and adapt to their needs, helping them work at their own pace. Though it can never replace human work, it is pretty close to it. So, with the automated grading system checking multiple choice questions, fill in the blank, testing and automated grading of students can be done in a jiffy.

7. Artificial Intelligence in Tourism.

AI is very convenient for tourism you might have also booked a flight ticket in advance or have waited just before the departure date to find cheaper tickets. Everyone does that, but the struggle is minimized with AI. The price trend is analyzed based on the recorded data on each route. So, you get notifications of when to book your flight. Book it at the right time and the right price and say thanks to artificial intelligence.

SUMMARY.

The days are not too far when your refrigerator might know more about your diet and suggest you the best food to eat. The evolution of AI and machine learning technologies has seen an exponential rise in the last decade. With the open-source information and artificial intelligence, opportunities across the globe are present. Space exploration, microbiological research, archaeological advancements, and much more have become much easier tasks than they were 10 years ago due to AI. And the scope will only grow with time, with Virtual Reality (VR), training simulations, intuitive chatbots, and exploration technologies already paving the way for the future with the help of AI. All that we, as humans can do is observe this advancement and let it help us in building a better future.

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