In present times, artificial intelligence has emerged to become a very important and rapidly developing sector. This new buzzword is on almost every individual’s tongue. From small businesses to big corporations, everyone is interested in knowing the ways in which it can be useful for them. So, in this post, we will explore how AI can be used for different needs and by different industries and sectors.
What is Artificial intelligence?
Before we try to understand its uses and applications, we should first understand what it exactly is.
So, artificial intelligence refers to a computer system or a machine that can perform tasks that usually require human intelligence. It is a type of computer system that has artificially made human-like intelligence, hence called artificial intelligence. The tasks that we can perform with the help of these systems and machines include various tasks that you would expect only a human can do. Some of these tasks are problem-solving, pattern recognition, reasoning, learning (very important), and communicating with humans and each other.
Evolution of AI:
Initially, the AI computer systems were rule-based, i.e., it was making decisions and acting with the help of prewritten rules. These rules were basically based on an “if-then” pattern, in which the developer would write codes that clearly defined “if” this situation is present, “then” take that action.
This type of AI model was quite basic, and it was proved to be successful only in some cases such as playing chess, chatbot communication etc.
In the case of more complex problems and real-world use, we needed something different. A type of AI model can learn on its own and produce new results from this new learning. This type of AI model is more modern and has become possible with the help of machine learning.
With the help of machine learning, computer systems can learn and recognize patterns from the data and take action without actually being programmed to do every single step.
In the 1980s-90s, machine learning technology was also in its initial stages as the data to train computer systems was very limited during that time. Also, due to the lack of heavy computational resources this new technology was developing slowly.
But with time as the huge volume of data was accumulated from all over the world, we could finally train the computer systems to learn from data, identify connections and patterns, make predictions, and take action. This aspect of the AI is what made it so big. Now it finally become useful in solving real-life problems and improving our productivity.
The various AI disciplines:
Artificial intelligence is a multi-disciplinary field focusing on providing solutions to different areas. Some of these are:
- Natural Language Processing (NLP): This means programming a computer model to understand, interpret and talk in human languages. It is a very useful aspect of AI as it has the potential to change so many industries and sectors that require communication with humans.
- Robotics: A very important part of the AI revolution is the development of robots. This includes constructing machines that can operate and perform tasks autonomously or semi-autonomously. Such as self-driving cars, or a robotic floor cleaner.
- Reinforcement Learning: In this type of machine learning, the algorithm learns to make better decisions and actions by interacting and learning from the feedback. It is one of the most important aspects of machine learning that makes it better and better with time.
- Computer Vision: It is that aspect of AI that makes the computer learn to interpret and understand the visual information of images and videos.
- Expert Systems: This is the development of AI apps and websites that act as a human expert that can provide expertise to human clients.
Application of Artificial Intelligence and Its Impact on Industries:
Now we will understand how AI is being used in various industries and its impact.
Healthcare:
There are so many ways in which AI is being used in healthcare today. and it has the potential to expand even more. Artificial intelligence models are being utilized to make diagnostic tools for much better and quicker diagnosis.
AI and machine learning technologies are used to give personalized treatment and care to the patient.
AI is now highly applied in the sector of drug discovery. And finally, AI is applied to the booming sector of robotic surgeries. Nowadays many surgeries are being done by robots. These surgeries turn out to be successful and with better hygiene and precision.
Finance:
Artificial intelligence is very useful in the finance sector. It is used in many ways such as 1. Detecting frauds and managing any risks. 2. Making chatbots that can chat with the customers, and 3. In Trading using complex algorithms that are very effective etc.
Retail:
Artificial intelligence is being highly used in the retail sector these days. You can use it for analyzing customer behavior and giving them personalized recommendations. This helps customers find what they are looking for and for you to make a sale and your customers happy.
It is also used in managing inventory and stocks.
Transportation:
Artificial intelligence has been proven to be very useful in the case of transportation. Nowadays in some specific places, you can take a ride in a completely self-driving car without having any issues. AI is also being used for finding the best route for you and even managing traffic.
Entertainment:
The most widely used aspect of AI is its use in the entertainment industry. All the Apps these days use AI models to predict your behavior and give you recommendations based on your activity. It shows you things that it predicts that you might like. AI is also being used in developing games that have a real-life feel to it. And as we have discussed in our previous blog AI is widely useful in providing AR and VR experiences as well.
So, after reading this article I hope you gained some insights. Thank you!
FAQs
AR = Augmented reality
VR= Virtual Reality
As of now, AI is in its initial stages and it needs to develop a lot before it can do any damage to us. So, we should know that it is very useful for us and it doesn’t seem to have any major negative effects.
As AI models develop more, we will be able to utilize them for many of our day-to-day works. From using a robotic floor cleaner to clean our homes to using AI as our assistant we would be able to use AI systems for improving our productivity.
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