What is AI?, Applications of Artificial Intelligence (AI), AI in healthcare, business, banking and law

Artificial intelligence (AI) is the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions, Artificial intelligence draws upon computer science, psychology, linguistics, philosophy, and many other fields.

What is Artificial Intelligence (AI)?

Artificial intelligence can take actions that have the best chance of achieving a specific goal, Machine learning (ML) refers to the concept that computer programs can automatically learn from and adapt to new data without being assisted by humans, Deep learning techniques enable this automatic learning through the absorption of huge amounts of unstructured data such as text, images, or video.

Artificial intelligence can be categorized as either weak or strong, Weak AI is known as narrow AI, It is an AI system that is designed and trained to complete a specific task, Industrial robots and virtual personal assistants, such as Apple’s Siri, use weak AI.

Strong AI is also known as artificial general intelligence (AGI), It describes programming that can replicate the cognitive abilities of the human brain, When presented with an unfamiliar task, a strong AI system can use fuzzy logic to apply knowledge from one domain to another and find a solution autonomously, a strong AI program should be able to pass both a Turing Test and the Chinese room test.

Artificial intelligence

Types of artificial intelligence

Automation: automation tools can expand the volume and types of tasks performed, An example is robotic process automation (RPA), a type of software that automates repetitive, rules-based data processing tasks traditionally done by humans, When combined with machine learning and emerging AI tools, RPA can automate bigger portions of enterprise jobs, enabling RPA‘s tactical bots to pass along intelligence from AI and respond to process changes.

Machine learning is the science of getting a computer to act without programming, Deep learning is a subset of machine learning that, in very simple terms, can be thought of as the automation of predictive analytics, types of machine learning algorithms are Supervised learning, Unsupervised learning, and Reinforcement learning.

Machine vision gives a machine the ability to see, Machine vision captures and analyzes visual information using a camera, analog-to-digital conversion, and digital signal processing, Robotics is the field of engineering that focuses on the design and manufacturing of robots, Robots are used to perform tasks that are difficult for humans to perform or perform consistently.

Self-driving cars use a combination of computer vision, image recognition, and deep learning to build automated skills at piloting a vehicle while staying in a given lane and avoiding unexpected obstructions, such as pedestrians.

What are the applications of AI?

Artificial intelligence is used in healthcare, It can improve patient outcomes and reduce costs, Companies are applying machine learning to make better and faster diagnoses than humans, One of the best-known healthcare technologies is IBM Watson, It understands natural language and can respond to questions asked of it, The system mines patient data and other available data sources to form a hypothesis, which it presents with a confidence scoring schema, Other AI applications include using online virtual health assistants and chatbots to help patients and healthcare customers find medical information.

Artificial intelligence can be used in business, Machine learning algorithms are integrated into analytics and customer relationship management (CRM) platforms to uncover information on how to better serve customers, Chatbots are incorporated into websites to offer immediate service to customers, Automation job positions have become a talking point among academics and IT analysts.

Artificial intelligence is used in education, AI can automate grading, giving educators more time, It can assess students and adapt to their needs, helping them work at their own pace. AI tutors can offer additional support to students, ensuring they stay on track, and it could change where and how students learn, perhaps even replacing some teachers.

Artificial intelligence is used in finance, and personal finance applications, such as Intuit Mint or TurboTax, It is disrupting financial institutions, AI is used to collect personal data and provide financial advice, Other programs, such as IBM Watson, have been applied to the process of buying a home, and artificial intelligence software performs much of the trading.

Artificial intelligence is used in law, Sifting through documents in law is overwhelming for humans, Using AI to help automate the legal industry’s labor-intensive processes can save time and improve client service, Artificial intelligence can be used to describe data and predict outcomes, computer vision is used to classify and extract information from documents and natural language processing to interpret requests for information.

Artificial intelligence is used in manufacturing, Manufacturing has been at the forefront of incorporating robots into the workflow, Industrial robots are programmed to perform single tasks and are separated from human workers, Cobots are Smaller, multitasking robots that collaborate with humans and take on responsibility for more parts of the job in warehouses, factory floors and other workspaces.

Artificial intelligence can be used in banking, Banks are employing chatbots to make their customers aware of services and offerings and to handle transactions that don’t require human intervention, AI virtual assistants can improve and cut the costs of compliance with banking regulations, Banking organizations are using Artificial intelligence to improve their decision-making for loans, and to set credit limits and identify investment opportunities.

Artificial intelligence can be used in Security, AI and machine learning are at the top of the buzzword list security vendors use to differentiate their offerings, Artificial intelligence can offer alerts to new and emerging attacks much sooner than human employees and previous technology iterations, The maturing technology is playing a big role in helping organizations fight off cyber attacks.

Artificial intelligence can be used in transportation to manage traffic, predict flight delays, and make ocean shipping safer and more efficient. Artificial intelligence includes advanced web search engines (e.g., Google), recommendation systems (used by YouTube, and Amazon), understanding human speech (such as Siri and Alexa), self-driving cars (e.g., Waymo), automated decision-making and competing at the highest level in strategic game systems (such as chess and Go).

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