Artificial intelligence has been changing the way businesses work for decades. This can be seen in manufacturing, healthcare, sales, academics, law, etc. Organizations today are using artificial intelligence across industries to streamline their processes and reduce operational costs. The future of work is slowly becoming automated and AI-driven. There is a lot of hype around it, but there are many opportunities to see the real value of AI in major industries. This article examines some of the applications of artificial intelligence in major industries and how AI can change them for the better.
Why Businesses Need Artificial Intelligence
Artificial Intelligence (AI) is a computing technology that uses machines to imitate human intelligence. It indeed has the potential to change the way businesses are run. However, the question of how best to implement artificial intelligence is complex. You cannot force automation on a company without considering the company's business needs and wants. In many cases, businesses are increasingly looking for ways to improve their productivity and reduce costs by automating business processes. Artificial intelligence offers a more efficient and effective way of doing business
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Artificial Intelligence Applications
1. Artificial Intelligence in Healthcare
One of the most profound impacts created by AI is in the healthcare space.
A simple device like Fitbit or iWatch collects a person's sleep patterns, calories burned, heart rate, and much more data, which can help in early detection, personalization, and even disease diagnosis.
This device, when powered by AI, can easily monitor and report abnormal trends. It can even schedule a visit to the nearest doctor by itself and hence, it is also a great help for doctors who can get help in making decisions and doing research with AI.
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2. Artificial Intelligence in Automobile
Artificial Intelligence is used to build self-driving vehicles. AI can be used along with the vehicle’s camera, radar, cloud services, GPS, and control signals to operate the vehicle. AI can improve the in-vehicle experience and provide additional systems like emergency braking, blind-spot monitoring, and driver-assist steering.
3. Artificial Intelligence in Banking and Finance
The banking and finance industry is one of the early adopters of artificial intelligence. From chatbots offered by banks, for example, SIA, a depository financial institution in India, to intelligent robot-traders by Aidya and Nomura Securities for autonomous, high-frequency trading, the uses are myriad.
The adoption of AI in banking is poised to reshape companies in the industry, provide their customers with greater levels of usefulness and more personalized experiences, reduce risks as well as increase opportunities with the financial engines of our modern economy.
Read More: Artificial intelligence in banking sector
4. Artificial Intelligence in Surveillance
AI has made possible the development of facial recognition tools used for surveillance and security purposes. As a result, it empowers systems to monitor footage in real-time and is a guiding development for public safety.
Manual monitoring of CCTV cameras requires constant human intervention and hence they are prone to errors and fatigue. AI-based surveillance is automated and works 24/7, providing real-time insights.
5. Artificial Intelligence in Social Media
Instagram, Snapchat, Facebook, Twitter, Today the world is changing and everyone is using these social media apps to connect with the virtual world. But, are you aware that most of your decisions are influenced by artificial intelligence?
From notifications to upgrades, everything is handled by AI. It takes into account past web searches, behaviors, interactions, and more. Therefore, when you visit these websites, your data is stored and analyzed and thus provides you with a personalized experience.
6. Artificial Intelligence in Entertainment
With the advent of online streaming services such as Netflix and Amazon Prime, show business has increasingly relied on information gathered by consumers.
It helps with recommendations based on previously viewed content. This is done not only to provide accurate suggestions but also to create content that is liked by the majority of viewers. With new content being created every minute, it is difficult to categorize and search for them easily.
7. Artificial Intelligence in Education
Even in the field of education, many problems can be solved by the implementation of AI. Some of them address automated marking software, content retention techniques, and improvements needed.
It helps the teachers to monitor not only academic matters but also the mental, emotional and physical well-being of the students and also their all-around development. It also helps in extending education to areas where quality faculty cannot be physically present.
For example, one such use is the case-based simulations offered by Harvard Graduate School.
8. Artificial Intelligence in video games
Another area of importance for artificial intelligence applications in the field of gaming. It can also be used to predict human behavior, and improve game design and testing. The Alien Isolation game released in 2014 uses AI to chase the player throughout the game. The game uses two artificial intelligence systems - a 'Director AI' that often knows your location and an 'Alien AI' driven by sensors and behaviors that constantly hunt the player.
9. Artificial Intelligence in Agriculture
Artificial intelligence is used to detect defects and nutrient deficiencies in the soil. This is done using computer vision, robotics, and machine learning applications, AI can analyze where weeds are growing. AI bots can help harvest crops in larger quantities and faster than human workers.
Conclusion
In this article, we've discussed a variety of ways Applications of Artificial intelligence are used in daily life. Businesses and sectors alike benefit from AI. It can be applied to data generation, fraud detection, and even data detection. To use AI effectively and creatively, all you need is a little imagination and innovation. Have no idea where to begin? Set up a demo with our team and allow us to guide you through the road of intelligent automation.
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