ARTIFICIAL INTELLIGENCE EXAMPLES
- Smart assistants (like Siri and Alexa)
- Disease mapping and prediction tools
- Manufacturing and drone robots
- Optimized, personalized healthcare treatment recommendations
- Conversational bots for marketing and customer service
- Robo-advisors for stock trading
- Spam filters on email
- Social media monitoring tools for dangerous content or false news
- Song or TV show recommendations from Spotify and Netflix
Retail
AI provides virtual shopping capabilities that offer personalized recommendations and discuss purchase options with the consumer. Stock management and site layout technologies will also be improved with AI.
Manufacturing
AI can analyze factory IoT data as it streams from connected equipment to forecast expected load and demand using recurrent networks, a specific type of deep learning network used with sequence data.
Banking
Artificial intelligence enhances the speed, precision and effectiveness of human efforts. In financial institutions, AI techniques can be used to identify which transactions are likely to be fraudulent, adopt fast and accurate credit scoring, as well as automate manually intense data management tasks.
Cancer Screening
Artificial intelligence, powered by deep learning algorithms is already in use in healthcare. Specifically, AI’s imaging capabilities are promising for cancer identification and screening, including breast cancer. Artificial intelligence is also used to predict the development of diseases across a healthcare network. A group at Mount Sinai used deep learning-based AI algorithms to predict the development of diseases with 94% accuracy, including cancers of liver, rectum, and prostate. Thanks to published cancer research, clinical trials, and drug development.
Machine Learning
Machine learning involves the use of Artificial Intelligence to enable machines to learn a task from experience without programming them specifically about that task. (In short, Machines learn automatically without human hand holding!!!) This process starts with feeding them good quality data and then training the machines by building various machine learning models using the data and different algorithms. The choice of algorithms depends on what type of data do we have and what kind of task we are trying to automate.
Internet of Things
Artificial intelligence deals with the creation of systems that can learn to emulate human tasks using their prior experience and without any manual intervention. Internet of things, on the other hand, is a network of various devices that are connected over the internet and they can collect and exchange data with each other.
Now, all these IoT devices generate a lot of data that needs to be collected and mined for actionable results. This is where Artificial Intelligence comes into the picture.
Computer vision
Computer Vision uses Artificial Intelligence to extract information from images. This information can be object detection in the image, identification of image content to group various images together, etc. An application of computer vision is navigation for autonomous vehicles by analyzing images of surroundings
Deep Learning.
Deep Learning uses artificial neural networks to implement machine learning. These neural networks are connected in a web-like structure like the networks in the human brain (Basically a simplified version of our brain!).
This web-like structure of artificial neural networks means that they are able to process data in a nonlinear approach which is a significant advantage over traditional algorithms that can only process data in a linear approach.
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