Artificial
Intelligence or AI is the intelligence shown by machines. Usually, the term
Artificial Intelligence is used when a machine behaves like a human in activities
such as problem-solving or learning, which is also known as Machine Learning.
AI is a science and technology based on disciplines such as:
The
main goal of Artificial Intelligence is to create a technology that allows
computers and machines to function in an intelligent manner. The entire problem
has been broken down into the following sub-problems
Are We Close to Artificial Intelligence Right Now?
In
1943 Isaac Asimov coined the term Robotics. In Artificial Intelligence was
coined by John McCarthy in 1955. In 1958 John McCarthy invented LISP, and by
1997 The Deep Blue Chess Program had beaten the World Chess Champion, Garry
Kasparov. There are so many ways we all interact and use Artificial
Intelligence without even realizing it. Here are a few:
Siri: Apple’s personal
assistant on iPhone’s and Mac OS.
Netflix: Recommendation
engine
Nest: Home Automation
Alexa: Amazon’s smart hub
Gaming: Games like Call of
Duty and Far Cry rely heavily on AI
News Generation: Companies
like Yahoo, AP use AI to write small news stories such as financial summaries,
sports recap, etc.
Fraud Detection
Customer Support: Companies
have been using small scale Chat Bots to automate this process.
Self-driving cars
Speech Recognition
Robotics
Industries
That Will Benefit from Artificial Intelligence
Artificial Intelligence will and is playing a major role in revolutionizing
a number of industries. Some reports have suggested that the total global
market for Robots and Artificial Intelligence will reach ~$153 billion by 2020.
AI not only decreases costs but also saves time, increases accuracy and
productivity. The development in the field of AI has been phenomenal. Google
estimates that robots will reach levels of human intelligence by 2015,
one-third of jobs will be replaced by robots and other smart machines.
Few industries that’ll greatly benefit with advancements in AI are:
Finance: The financial data has been increasing at a rapid
rate making it harder for the financial services companies to keep up. With the
help of Artificial Intelligence, predictive systems are being put in place to
forecast stock trends and manage finances
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