Applications and benefits of artificial intelligence
From e-commerce and healthcare to banking, personalized chatbots and the growing number of IoT devices in your home, artificial intelligence is something you interact with daily, often without realizing it.
Its ability to sift through huge amounts of data makes AI the number one choice for a range of applications across major industries, but… what is artificial intelligence after all?
Definition of artificial intelligence
Invented as an academic discipline in the 1950s, AI refers to the ability of a machine to perform certain tasks that would otherwise require human and animal intelligence, mimicking their cognitive functions, primarily learning and problem solving.
When building AI tools, other desired traits and goals are knowledge representation, planning, natural language processing (NLP), perception, and social intelligence. Machine perception further branches out into facial recognition, speech recognition, and object recognition, all of which are increasingly present in our lives.
Artificial intelligence applications
Did you know that Netflix uses AI to market shows? It does this by creating similarity maps and deciding what would work best and where. Thanks to a comparable approach, online shops offer you tailor-made product recommendations and increased search relevance.
When it comes to artificial intelligence and healthcare, AI can be used to identify specific treatments for cancer patients with genetic abnormalities, and several companies have developed wearable AI like Fitbits and smartwatches that analyze data, track symptoms, and alert users and their doctors to potential health. risks.
Other AI technologies optimize building energy consumption or use facial recognition to provide high-end security for organizations of all sizes, but the most exciting use of AI in recent times is in emotional robot models. These can sense a person’s mood and react accordingly to uplift it. They can also help children be kinder and improve their health through breathing exercises and meditation routines.
Benefits of artificial intelligence
One of the most important benefits that AI technology brings to the table is automation, and it greatly benefits the consumer products, transportation, communications, and service industry. AI-powered automation can reduce costs and lead times, increase productivity, use raw materials more efficiently, and even improve product quality.
Artificial intelligence also helps you make smarter business decisions as it analyzes trends and provides better and faster forecasts than any human specialist. However, it is important that the AI used in decision-making is not programmed to mimic human emotions.
It brings you an enhanced customer experience through quick response to queries and highly personalized messages that direct customers to the best solution. On top of that, AI can solve complex problems like fraud detection and medical diagnosis, it can handle repetitive tasks without interruption, and it helps minimize errors by removing the human factor.
Finally, artificial intelligence ensures business continuity through AI-powered risk management tools and takes risks in place of humans for many dangerous interventions.
The future of artificial intelligence
Now that you know more about the benefits of AI and the current applications, it’s time to take a look at what the future holds, because what is artificial intelligence if it is a pioneer and an excellent opportunity to push innovation further?
Looking at the current technology and business landscape, AI projects in the near future will most likely focus on improving personal assistants, deep learning, new medical advances, more IoT devices, and better robotization. , with a particular focus on combining AI with cloud computing.