Artificial intelligence refers to the simulation that puts human intelligence into machines. Machines are programmed that way to put intelligence & mimic actions like humans. The machine consists of everything like humans except emotion & consciousness. The term can also be used when a machine exhibits the traits of the human mind, i.e., learning & problem-solving. There are four types of AI, limited memory, the theory of mind, reactive machines, self-aware. The objective of AI is to enable machines & computers to perform intellectual tasks that human brains do. in today’s era, AI is dominating the whole world daily. We can witness AI in every aspect of our life.
In this article, we will discuss such 8 powerful examples of AI in today’s world.
Banking
The banking industry is rapidly evolving with the growing technology. And it is adopting Artificial Intelligence faster than you thought. The banking industry is utilizing AI for providing smooth customer support, detecting credit card frauds & anomalies. Many banks have been developing Artificial Intelligence for their convenience. Such as, HDFC has developed its chatbot which is called Electronic Virtual Assistant or EVA, which was built by senseforth AI Research. Since its inception, the AI has interacted with over half a million users along with 3 million customer queries. It is built in such a way that it can provide simple answers in less than 0.4 seconds.
Finance & stock market
Trading is something that depends on prediction & uncertainty. Ventures rely on data & computers to know the future pattern of the market. Machines are an excellent way to predict those uncertainty & future patterns than human minds. They can even analyze a huge amount of data all at once. In this fast pace age, trading & financial institution are relying on AI for their future profits. One of such examples is Japan’s Nomura securities which is one of the leading brokerage houses. It is all set to launch its new stock trading system after years of analyzing the trading market by computers or Artificial Intelligence.
Travel & Navigation
In this technology-driven world, all of us are into smartphones. And let’s admit, every one of us has used navigation software for travel purposes or whenever they get lost into anywhere. And we use the artificial intelligence services in India to find our way through. But, for many of us, it is like a daily routine. For example, the people who work as uber drivers, need to take the help of navigation software as their work demand. Technology giants like Google & Apple utilize their navigation-based software to show information to their users for a better understanding of routes, live traffic, and helping to commute efficiently, Etc.
Social media feed
Social media feed is highly influenced by AI in such a way that it controls what will appear in your news feed. Be it Twitter, Instagram, or Facebook, what you see & do on this platform, the history is recorded, like taking into consideration of your tastes, imprint on SM & preference. Now, this data curates the information to transmit social media feed, and that is how you come across posts that you find relevant & inclined to see. So, we can conclude that Artificial Intelligence controls pretty much everything on your social media platforms, from the notification that you receive or suggesting you a relevant recommendation.
Agriculture
The study says we need to produce 1.5 times more food by 2050 so that we can survive without hunger. And it can only be possible if we use our resources wisely & efficiently. To say the least, Artificial intelligence can help farmers fetch more from their land by using resources more sustainably. Science & agricultural organization are using robotics & automation for helping farmers to find a way to protect their crops efficiently. Such as, an organization called blue river technology has developed a robot named See & Spray. It is meant to use computer vision technology like object detection to spray weedicide on the cotton plant to help to prevent herbicide resistance.
Healthcare
The Healthcare sector is relying on AI to save patients’ lives. A lot of healthcare organization in today’s world has come out helping patients using Artificial Intelligence. The newest technology has given a dimension to the healthcare facility, like detecting disease & diagnosis without any error so that the best service can be provided. AI plays a significant role to make the management process & treatment more simplified. One such example is, Cambio health care has developed an AI called a clinical decision support system to prevent stroke & it gives a physician a warning when a patient is at risk of having a stroke.
Automobile
If we talk about the automobile industry, we can witness a better & prominent use of Artificial Intelligence than any other industry. We can see a surge in the production of smart cars & drones. The whole invention of smart cars & drones is impacting the other industries as well like the eCommerce industry is now widely using drone delivery services which are saving their manpower & cutting long costs. On the other hand, we can conclude that the innovation of smart cars will have a lesser carbon footprint on Mother Nature. Such as, tesla is making smart cars that are semi-automatic & it works in such a way that if your tesla car learns a new thing, it passes that onto every other tesla car in the world, i.e., every car is connected.
Smartphone
The article you are reading is probably on a smartphone. It has become the most indispensable unit that we own today, and we need it today for almost everything. Well, this is the truth that you are interacting with AI daily whether you know it or not while you are using a smartphone. It has already a built-in smart assistant to help & guide you in your every move. Such as Google, Siri, Bixby, etc. The smart assistance you are using is based on Artificial Intelligence.
Artificial Intelligence is one of the most powerful weapons in today’s world of technology. Developers & scientists are rapidly trying to develop it with each passing day. Above are a few examples of AI to help you understand how AI has dominated our world.
Also Read: How AI Enhances KYC Screening
