An uproar in artificial intelligence tools is making its round all over the world. Especially developing a craze among youngsters, AI is growing to show abilities that were so far capable with human minds alone. It is a machine controlled by computers, programmed to do tasks that are human-like. These machines or robots need human intelligence and discernment to mimic exact actions. AI has the unique capacity for hyper-powerful thoughts and data analysis that develops high-functioning images all over the world, yet it is not something to replace humans. It is rather meant to enhance human contributions and this makes it to be the most valued asset in business.
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AI (Artificial Intelligence) in the Real World
Artificial intelligence applications are gaining popularity day by day and are becoming the intellectual method of thinking and learning from experience, simulating human behavior. It is a combination of Machine Learning techniques and Deep learning with differences whatsoever. Though machine learning is considered AI, not all AI is machine learning. AI is helping the world change on economical, social, and political fronts on a global level. It has brought a revolutionary change to almost every sector, from business, education, healthcare, entertainment, gaming, and much more.
SIRI, Alexa, Smart cars, Google Assistant, etc., are prime examples of artificial intelligence. Also, a much-preferred trend in the digital world is signified by the choice of a career in Artificial Intelligence.
Artificial intelligence is used across industries as an influential tool for better decision-making. A few points are as below:
AI in Healthcare
It has created an impressive attitude within the healthcare space. Common devices, such as Fitbit or iWatch, which are used to collect data related to heartbeats, sleep patterns, calories burnt by individuals, and a lot more, to help with the detection of early symptoms and disease diagnosis, can monitor and apprise abnormalities when powered with AI. It has been used to schedule a visit to a nearby doctor and also in pinpointing the risks of a patient acquiring infections from hospitals.
Other than using computing technologies for easy diagnosis, a significant means of AI applications as complex algorithms are utilized to imitate human discernment for analyzing complicated healthcare and medical data. These days, for Patients to report their problems online and seek medical help from professionals, many healthcare companies have designed digital applications such as Lybrate, WebMD, etc., which made medical assistance easy.
AI in Automobile
Autopilot by Tesla, which has been in the forefront for quite some time now, collects data from all the Teslas that run on the road, and then it is being used in machine learning algorithms, to be later on checked by the system whether the assessment given by both the chips are a match. If there are similarities in the inputs, then the data are followed. Efficient companies like Waymo have included a vehicle ranging system, cloud services, GPS as well as cameras to produce and control signals for the movement of vehicles on roads.
AI in Education
A number of problems in this sector are expected to be solved by implementing Artificial Intelligence. Automated marking software, content retention techniques, and suggestions for improvements that are required are supposed to be the few fields, through which, the teachers can monitor the psychological, mental and physical well-being in all aspects, including the academic part and their all-round developments.
This also means reaching out to remote areas where quality educators fail to visit physically. Textbooks too are digitized with the help of AI. It is also being proficiently utilized by admission portals such as Leverage Edu to help students find courses that fit them best and find universities that meet their goals and preferences.
AI in Media
AI is harnessed by journalism too and is benefiting from it. Cyborg technology is used by Bloomberg to solve complicated financial reports and make quick sense of them. The natural language processing abilities of Automated Insights are employed by the associated press to produce around 3,700 earning report stories per year, which is almost four times more than in the recent past. With the use of machine learning to provide a level of personalization, Netflix saw its customer base grow by more than 25% in 2017.
AI in Agriculture
Crop production has been badly affected due to environmental change and brought a miserable impact on the lives of farmers. In order to help the farmers combat the agricultural crisis, a number of AI-based machines are made available to sustain agricultural production. They help farmers in discovering effective measures for protecting crops from weeds. Blue River Technology is a great help for farming as it has created a see and spray machine that can detect weedicides and take care of them by spraying on plants with the help of visualization on computer screen technology and helps protect plants against herbicides.
AI in Gaming
AI has developed phenomenal growth, also in the arena of gaming. There are many prominent names in the gaming industry such as the First Encounter Assault Recon, popularly known as F.E.A.R. which is built using applications of artificial intelligence. It possesses the ability to transform simple video games into constantly engaging dynamic ones.
AI in Banking and Finance
Banks are using various artificial intelligence technologies to detect fraudulent activity and a variety of other purposes. AI-based solutions to provide customer service, identify abnormalities, and prevent credit card fraud are already being used by many banks.
Machines can process a large volume of data in a very short period of time. Machines are used to learn and recognize patterns in historical data and forecast how they will recur in the future. A large number of personal data is collected and financial advice is provided via AI apps. In the banking and finance sector, AI’s use has become almost irreplaceable.
AI in Human Resource Management
AI and Machine Learning tools have transformed the way HR management and recruiting are done in every firm and this is going to be more and more in the years to come. HR has been among the first departments of a company to gain from AI. HR has a capital of high-quality data, and HR has both necessary information and is always under time pressure.
AI in Navigation and Travel
The travel sector is using AI to handle a variety of administrative and customer support jobs and has proved extremely beneficial. It’s all because of AI at work even when applications like Google Maps evaluate traffic and construction to provide the shortest route to your location.
AI Use in Enterprise
Harvard Business Review stated that enterprises are using AI to:
- Resolve user technology issues by 41%
- Reduce production management work by 34%
- Detecting security intrusion by 44%
- Indicate internal compliance in using approved vendors by 34%
AI Facts and Figures
Revenue from the AI software market worldwide is expected to reach 126 billion dollars by 2025, is what Statista has reported. A recent report reveals that the AI software market is expected to grow by 54% per year globally and 8s are forecasted to reach a size of USD $22.6 billion. According to Gartner, organizations implementing AI in some form, have reached up to 37%. Over the past 4 years, about 270% of enterprises started employing artificial intelligence. By 2025, 95% of customer interactions will be powered by AI is what Servion Global Solutions has to say.
Careers in AI
Being a subdivision of computer science, AI has its roots based on computing systems. There is a fluidity of diplomas as well as bachelor’s degrees and masters offered in Applied artificial intelligence, Robotics, Automation Engineering, and a few more, that one can pursue in order to build a career in Artificial Intelligence. After the completion of the course, in any of the related fields, one can explore a wide range of career opportunities in AI and Machine learning. Some major job profiles in the field of AI as a career are as follows:
- Machine learning Engineering
- Data Scientist
- Robotics Scientist
- Business Intelligence Developer
- Algorithm Specialist
- Software Analysts and Developers
- Engineering consultants
- Surgical Technicians
- Computer Scientist
- Manufacturing and Electrical Engineering
- Mechanical Engineers and Maintenance Technicians
Future of AI – Final Thoughts
The future of Artificial Intelligence is deeply enmeshed in the progress of human civilization due to the simple fact that it makes human presence nearly redundant for repetitive and algorithmic work. From technical topics such as medical research or adaptive facial recognition to simplifying data management for digital repositories, AI is not only a helpful addition but a nigh necessity due to the volume of data being wrangled in the current digital ecosystem.
One can expect AI technology to become an even more prevalent part of their lives in one form or the other, especially with advancements in the field being made at breakneck speed. AI has a promising future in India and has a chance of adding $957 billion or more of the present gross value, to the economy of the country by 2023.
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