Top 10 Artificial Intelligence (AI) Applications

About Artificial Intelligence 

 

We all have heard about the term ARTIFICIAL INTELLIGENCE. A branch of Computer Science, the Artificial Intelligence technology attempts to induce human intelligence into machines or computers to enable them to perform human-like functions and tasks. 

 

Concerned with human functions like human thought process, information processing, and the interpretation of data, Artificial Intelligence (AI) is a revolutionary technology that has expanded the scope of technology and advanced the developments in this field. 

 

The objectives of AI involve learning, reasoning, and perceiving. Along with these goals, AI triggers computers to perform human-like functions with the help of techniques like Deep Learning and Machine Learning. From self-driving cars to the generation of captcha text on website portals, AI is omnipresent in the contemporary digital era. 

 

The significance of Artificial Intelligence is immense when it comes to technological advancement. Engaging various fields and industries in the field of technology, AI has brought about a revolution in multiple sectors with the help of its advanced developments and adaptive techniques. 

 

Despite the criticism that it has garnered over time, AI continues to be a topic of debate among scholars and scientists from all around the world. The history of artificial intelligence dates back to the mid-1900s. 

 

What started off as a hypothetical situation has today culminated into a real-life example that impacts human lives on a day-to-day basis. While not many could ever believe that machines would control the way humans work. The journey of AI can be understood in the following excerpt-

 

"The first generation of AI was rules-based and emulated classical logic to draw reasoned conclusions within a specific, narrowly defined problem domain. It was well suited to monitoring processes and improving efficiency, for example. The second, current generation is largely concerned with sensing and perception, such as using deep-learning networks to analyze the contents of a video frame. -Evolution of AI

 

Merits and Demerits of AI 

 

Here is a brief list of the merits and demerits of artificial intelligence that is highly important for us to learn about. 

 

Merits of AI-

 

1. Vast Potential

 

One of the biggest benefits of artificial intelligence is its vast potential. Engaging multiple industries and sectors through revolutionary techniques like Machine Learning and Deep Learning, AI is known for its over the edge technology. 

 

2. All-round performance

 

Unlike humans, machines do not need rest. Thanks to artificial intelligence, computers can work tirelessly and around the clock resulting in efficient work results. 

 

The 24×7 work cycle makes AI highly advantageous as compared to human abilities. 

 

3. Errorless Results

 

Another merit of AI is that it produces errorless results. While manual work done by humans is prone to errors and mistakes, machines backed by artificial intelligence are highly efficient in what they do. This results in errorless results that can otherwise be a major ordeal for humans to achieve. 

 

Demerits of AI-

 

1. Expensive Architecture

 

One of the drawbacks of artificial intelligence is that it requires expensive architecture for its functioning. While this is a one-time expenditure, AI can still be a hefty investment for many businesses and individuals. 

 

 

2. Workforce Unemployment

 

“Machines replace man, materialism replaces manual labor”. Artificial Intelligence has already been the cause of mass unemployment ever since machines have been put into place. While AI is expected to grow more, it will only lead to more unemployment of humans which is a major drawback.  

 

 

3. Absence of Dynamic Patterns

 

Machines work on the basis of information rather than imagination. The absence of dynamic patterns is another drawback of AI that implies that machines are simply consistent in the production of work. Even though machines can imitate human behavior, they still lag behind in innovation. 

 

 

Applications of AI

 

While we have already gone through many aspects of AI, here is a list of the top 10 AI applications examples that further explains the significance of this concept. 

 

1. Robotics

 

It is a well-known fact that Artificial Intelligence is the driving force behind robotics. The use of artificial intelligence in robotics has made possible the presence of robots in multiple industries like finance, marketing, and healthcare. 

 

For years, the field of robotics has attempted to imbibe human intelligence into machines that can think and work like humans. A real-life example of this application is the robot - Sophia . Considered to be a 'humanoid', Robot Sophia is a blend of a human and a robot with in-built abilities of both. 

 

Here is a video of Robot Sophia developed by Hanson Robotics  that has for long ventured into the field of AI and Robotics. 

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2. Outer Space Exploration

 

Artificial Intelligence is not only present on Earth but in outer space too! When it comes to the applications of AI, machines have traversed outer space and led humans to explore outer space.

 

Whether it is about Mars missions or satellite installments in the exosphere, AI is persistently heading towards the exploration of outer space. 

 

Some of the aspects that involve the application of artificial intelligence in outer space exploration are map-building, satellite navigation, and location tracking technology. 

 

3. Customer Service

 

AI has facilitated the inclusion of machines in the realm of customer service too. Computers that intend to register the feedback of various customers visiting stores, shopping malls, or showrooms of big brands. 

 

Even the technology of ML chatbots (robots chatting with customers online) is one of the best ai applications that has expanded the use of robotics. With the simulation of human behavior and conversation styles of marketing personnel, chatbots deal with customers over online platforms. 

 

For instance, Amazon, an e-commerce platform incorporates chatbots in its customer service department. Herein, customers are made to chat with robots that intend to solve their queries or discrepancies related to purchases, orders, etc. 

 

(Similar blog: How Flipkart uses AI?)

 

 

4. Stock Market and Finance

 

Another one from the list of artificial intelligence applications is the finance sector.

 

With the help of artificial intelligence algorithms, machines have now become capable of interpreting stock market performance in the past, analyzing the profits and losses of the relevant stocks, and even predicting the future stock market performance. 

 

Benefitting the sector of finance, AI has substantially contributed to the field in recent times. One such financial company - Nomura Group  has successfully implemented the technology of AI.

 

What's more, AI is paving its way into financial processes like transfer of payments, e-commerce platforms, and many more such realms. 

 

 

5. Automated Cars

 

Artificial Intelligence is the way how self-driving cars work. Automated cars are a typical example of applications of AI that explains the advancements of the field along with the automobile industry. 

 

The thought of cars driving by themselves with algorithms of artificial intelligence is the future of the automobile industry. 

 

Big corporations like Tesla have been working on automated cars and are heading towards this development. Owing to AI, humans will no longer need to drive cars or hire drivers for the same. This is how Tesla uses AI.

 

 

6. Digital Media

 

The Internet is everywhere, and so is artificial intelligence! Another application of AI is digital media- helping social media platforms to verify fake news, understand obscenity or foul language hidden in comments or captions, and promoting brands online. These aspects of digital media and AI together give rise to virtual platforms that seem to know their users too well. 

 

Ever thought of why your Instagram is showing you advertisements of smartphones while you just searched for the same online? Well, AI is the answer. 

 

By interpreting data and analyzing patterns hidden behind the user interface, AI customizes our Google search engines, incorporates various digital marketing tools, and provides us with just the things we are looking for! 

 

 

7. Healthcare Industry

 

Healthcare is a basic amenity for all citizens of the world. While doctors and scientists have been working hard to bring about medicinal revolutions from time to time, AI is doing its bit by vastly contributing to the industry. 

 

The role of AI in healthcare enables machines to interpret the medical history of a patient and predict possible diseases that the individual can become vulnerable to in the coming years.

 

More than that, AI has facilitated drug discovery and the formation of medicines that can cure harmful or even fatal diseases. 

 

The impact of AI on the industry has been eminent. Yet one such medical firm that has actively incorporated AI into the healthcare industry is IBM Watson Health. It assists in research, data analytics, and providing medical solutions to clients. 

 

 

8. Facial Recognition

 

Does your smartphone have the technology of facial recognition? If yes, then your smartphone is powered by AI. Thinking about how it is possible? 

 

Well, applications of AI involve facial recognition which focuses on learning and perceiving patterns that lead to quick and efficient outputs. 

 

So when you insert your selfie and register it for facial recognition, your phone learns a face recognition algorithm and the next time when you log in to your phone without entering the password, your phone easily unlocks with the help of your image alone. Facial recognition is also used for security and privacy purposes other than smartphones- airport, offices, etc. 

 

 

9. Virtual Voice Auxiliaries

 

"Hey Siri, explain the 9th application of artificial intelligence." 

 

Ever wondered how Siri does the work you command her to do? The answer is simple- Artificial Intelligence. 

 

Virtual Voice Auxiliaries like Siri and Alexa are developed in a way that involves artificial intelligence and its techniques like deep learning.

 

By facilitating such voice assistants, AI focuses on imparting human intelligence among these tools that help them to perform human-like functions and tasks. 

 

As a result of multiple patterns and deep learning algorithms, such voice assistants successfully follow human commands and are thus, a real-life example of AI. 

 

 

10. Fitness Applications

 

Fitness is all that people crave today. Beginning from the number of total steps one has walked in a day to the number of calories one has burnt, fitness plays a major role in our lives. But so does AI! 

 

Artificial Intelligence has joined hands with fitness and has led to the release of fitness appliances like fitness bands and watches that help humans to detect their health levels, boost their fitness levels, and achieve goals. 

 

The role of Artificial Intelligence in this aspect is to interpret data incurred on a daily basis and predict future data based on what the machine has analyzed. One such instance is Fitbit that deals in fitness bands powered by AI. 

 

Conclusion 

 

To sum up, Artificial Intelligence is widespread in the lives of humans. The break of the 21st century led to the development of artificial intelligence that has further expanded the use of technology in numerous areas.

 

Facilitating machines to work the way human intelligence does, AI has trained computers to imitate human behavior well. 

 

(Must check: Artificial Intelligence vs Human Intelligence)

 

In the long run, this technology will attempt to map neural networks that will make machines work like the human brain (neuromorphic computing).

 

All in all, AI has numerous applications that make it beneficial for humans in day-to-day lives. While many scholars have warned mankind against AI, the artificial intelligence future is highly important for the development of technology.