Updated on: June 16, 2022
AI is the fruitful result of the technological revolution and is aiding every industry in its processes to make them self-sustainable.
For the past few years, artificial intelligence was assumed to be a thing from science fiction movies. The AI concept was perceived as fiction or looked like a wishful dream. Afterward, inventions like automated personal assistants such as google home, Siri, Google Assistant, Cortana, and Alexa left the people shocked and made them think that the things shown in the movies are not fiction oriented they can become part of life as well. Know here Artificial Intelligence future of humans
AI is spreading widely and has involvement in numerous applications of every type of domain ranging from banking, health, financial, traveling, gaming, and much more. It is gaining popularity and is becoming the center of attraction in every business and corporation as their services as well as data management is truly relying on artificial intelligence technology. The global artificial intelligence market tends to generate a revenue of $118 billion by 2025.
Artificial Intelligence Technology
AI is referred to as machine intelligence that analyzes human behavior or way of thinking to get trained in order to solve the daily occurring problems. Artificial intelligence is a mixture of machine learning and deep neural learning.
AI, embedding machine learning algorithms are capable of enabling machines to work like humans or even better than humans. To do so AI-powered computers tend to learn the responses to certain actions so by using algorithms the computer is trained on historical datasets so that predictions could be made.
Is AI Taking control of the world?
The rapid growth and hype of artificial intelligence skills are raising suspicious questions and fear among humans, could AI be taking over the world? With technological advancement, such concerns are growing exponentially, and unfortunately, a concept regarding wiping out the human race is developing.
This human perception regarding AI taking over the world is just a misinterpretation. Talking at the moment it doesn’t sound right that human-made machines can work better than the human brain or even think like humans. Moreover, humans getting replaced by machines seems awful, right? It’s the dilemma of human perception and the invention of AI-based machines and fiction in sci-fi movies is only creating suspicious thoughts in the human minds.
AI is just a piece of technology that is invented to ease humans and assist them in hectic work procedures. Therefore if humans tend to think that AI technology will take over and humans will be replaced it’s a quite wrong concept. Furthermore, to any extent, the computer could not surpass the human brain’s abilities.
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Applications of Artificial Intelligence
Online shopping platforms are the extensive users of AI technology. Recommendations are generated using AI techniques. Such recommendations are created according to the user searches, browning history, interests, and preferences.
Chatbots and shopping assistance are also fruitful results of AI. These features maximize the customer experience and with the embeddedness of natural process language (NLP) The chats with bots sound like humans making shopping easy for customers.
AI also aids digital shopping platforms to combat credit card and illicit review scams. Most online sales are dependent on reviews so AI helps to filter out fake reviews.
Artificial intelligence is assisting the navigating service providers to provide the customers flawless, accurate, and instant route details with improved safety. Navigation systems use the combination of convolution and graph neural networks which intend to calculate the number of lanes automatedly and also identify the obstacles in the defined route.
AI technology has been widely used in the healthcare industry and assists them in medical facilities. Artificial intelligence is embedded into medical machines increasing their accuracy as well as productivity. The role of AI is pretty much notable in the identification of cancer diseases and other chronic conditions in the early stages before the condition gets even worse. Moreover, the artificial intelligence concepts are also used in the research for discovering new drugs.
Artificial intelligence is also working successfully in the agricultural domain. It is used to determine nutrient deficiencies and various other defects in the soil. Using computer vision and machine learning techniques, AI can accurately assess where the crops can grow and vice versa. Nowadays AI-powered bots and drones are harvesting crops at a large scale which is faster and cost-friendly compared with human interventions.
Benefits of Artificial Intelligence
AI-based verification products are an hour of need for the fintech industry. As they are under the stress of constant risk of being attacked by cybercriminals, security measures are of utmost priority. AI-powered KYC Verification and AML procedures are reducing the increasing numbers of identity and financial frauds.
Using aml screening the businesses can determine the presence of their customers in criminal activities against the financial databases, global watchlist, and sanction list. No doubt AI is the only gateway to pull crimes from the ground.
Efficiency and Productivity
No doubt AI is pouring heaps of benefits onto the business among them efficiency and productivity are ranked at the top. AI can handle business workflows at a high pace which humans can’t do. Moreover, by employing AI in the daily procedure the repeatable task can be performed in a couple of seconds and utilize the human capital and talent in the most effective manner.
Maximize the Quality and Reduces Human Errors
By adding artificial intelligence technology, companies can minimize the risk of human error, and eventually, the quality is increased. When the AI is integrated into the system the repetitive, rule-based tasks and other functioning of the businesses automate and provide speedy and accurate results. This also leaves no room for any kind of errors thus also saving the cost which was used in revisions and verification of information manually.
Being human, we always get tempted by technological advancements and fiction as we tend to see in movies. Artificial intelligence has emerged as the biggest advancement in technology history. The tech companies are putting huge loads of money into research to carry out innovative machines embedded with AI technology.
Artificial intelligence is considered to be a futuristic technology and also acts as an important driver in developing robotics and IoT-based products. Therefore artificial intelligence future of humans will grow more and will make for human welfare in the future.