With the growing hype of artificial intelligence and robots, people are getting curious and are, therefore, already very well aware of the concept. Not only this, people are happily accepting AI and bots in their everyday life, like chatbots, smart assistance, self-driving cars, and the list goes on. But, as someone who is interested in the field and is looking to make a career out of it, it is important to know more than this about AI. Therefore, this blog is the perfect guide for professionals and aspirants to know about AI more deeply. We'll be covering what is artificial intelligence, AI facts and figures, various applications of artificial intelligence, and of course, the most asked question - is artificial intelligence limiting human application? Let's start the blog with the basics.
What Is Artificial Intelligence?
Artificial intelligence is a collection of numerous technologies that work together to give robots the ability to see, understand, act, and learn at levels of intellect comparable to that of humans. The ability of a machine to carry out cognitive tasks that we connect with human minds, including sensing, thinking, learning, interacting with the environment, solving problems, and even exercising creativity, is known as artificial intelligence (AI). Even if you weren't aware of it, you've undoubtedly already dealt with AI. Voice assistants such as Siri and Alexa, as well as some customer care chatbots that appear to aid you in navigating websites, are all based on AI technology.
Let's double up your curiosity with some AI facts and figures.
AI Facts And Figures
Without a doubt, data science and AI are among the most talked about topics in the town. And the basic reason behind it is the versatility of the various applications of artificial intelligence. The concept of AI can be applied to multiple fields, be it healthcare, education, education, agriculture, and so on. Let's see what the future holds for AI.
- By the year 2027, the market size of AI will reach $407 billion - Forbes
- The popular AI-driven tool - ChatGPT witnessed 1 million new users within five days of its launch.
- It is believed that by the year 2030, one car in every ten cars will be the self-driving one.
Not only these, but there are also many more astonishing facts about artificial intelligence. After knowing this, one might wonder, is artificial intelligence limiting human application? Let's see what's the reality.
Is Artificial Intelligence Limiting Human Application?
Artificial intelligence is definitely changing the way humans work. But, many professionals have a fear of AI taking over their jobs. Well, this is not true, as AI is there to make human life and job simpler rather than overtake it. The research suggests that, rather than advocating an end to human labor, AI will continue to spur significant innovation and create new jobs. AI will fuel many current businesses and potentially create many new ones. AI's capacity to replicate human intelligence's utility in particular activities still has severe limitations. AI algorithms typically have a limit in that they can only handle one task at a time and one issue at a time. They frequently exhibit stiffness, cannot adapt to input changes, or engage in "thinking" beyond their pre-established boundaries.
With this, let's move on to see which are common applications of deep learning in artificial intelligence.
What Are The Applications Of Artificial Intelligence?
As you've been reading throughout the blog about what wonders AI can do, what are artificial intelligence applications in the real world? Without increasing curiosity, let's see some of the applications:
AI And E-commerce
AI is already improving the E-commerce experience for consumers. Starting with recommendation systems, AI has helped businesses to provide personalized shopping experiences by giving relatable and meaningful recommendations according to individual consumer preferences. Also, AI helps e-commerce business owners prevent any fraudulent activity by identifying suspicious patterns at an early stage. Last but not least, AI-powered chat assistance has helped businesses to provide real-time services to consumers.
AI And Healthcare
AI and healthcare, a combination no one predicted, can be possible. The healthcare industry saves and manages lots of data related to patients. AI helps with such day-to-day administrative work. On another note, AI also helps diagnose reports faster than professionals. Diagnosing MRI reports at the right time saves lots of precious time for patients.
Also, even after the doctor's visit, the patients in the hospital require regular monitoring, such as vital monitoring. AI systems can easily do this, saving lots of time for human professionals.
AI And Transport
Yes, believe it or not, AI is helping the transport industry too. As a consumer, you might have noticed that prices of different transport mean keep fluctuating based on festivals, holidays, seasons, dates, etc. With the help of AI, all these data can be predicted, and AI predicts the best possible prices. Also, multiple tools are available that help the passengers by notifying the price drop. Another and more relatable example for you would be the example of cab service apps like Uber and Ola. AI helps the app to show the right fares and routes for a particular ride.
AI And Education
The important factor in the education sector is definitely human, but AI is beginning to help the sector grow too. Similar to the healthcare industry, the education sector also has huge sets of data and administrative work to do. AI can easily help and is already helping send personalized messages and updates to students. Apart from this, AI also helps create educational-based smart content that includes animation, ultimately providing a better learning experience for students.
AI In Day-To-Day Life
Now, if we talk about our daily life and the tasks involved, they are already being influenced by AI. For example, we receive tons of emails, and you might have noticed that some of them are categorized as promotional, social, primary, or even spam. This filtering is done by the concept of NLP, which is part of artificial intelligence. Also, most of us have Face Lock on our phones, laptops, and other devices. This face filter recognition technique is a part of artificial intelligence.
So, yes, in today's world, artificial intelligence is applied in many different contexts. Because it can effectively handle complex issues in various fields, such as entertainment, banking, and education, it is becoming increasingly significant in today's society. Artificial intelligence is making our daily life more efficient and comfortable. With this, let's move on to the last topic of this blog, which is why AI is used.
Why Is AI Used?
A person who is new to the concept of AI might question why AI is used or what its benefits are. He/she might question that the businesses were running before AI, so why sudden hype around it? To answer all these questions, let's see some of the benefits of AI.
- AI automates data-driven repetitive exploration and learning. AI conducts regular, high-volume, computerized jobs instead of automated manual ones. And it does it consistently and without growing weary. Humans are still necessary to set up the framework and formulate the proper inquiries, of course.
- Can a human be available for a consumer around the clock? Of course not. But AI tools can. AI chatbots, when initiated on the website, can be available 24*7 for the consumers on the website to answer their queries. Apart from this, the automatically fed replies respond to queries much faster than the humans.
- Wise business judgments have always been made using artificial intelligence. To make the best possible decisions for organizations, AI technology can coordinate data and provide predictions. AI will remain objective on the topic at hand and enhance business efficiency by helping to make the appropriate decision as long as it is not trained to mimic human emotions.
The benefits of AI are not related to the points mentioned above. Now that we've covered almost every important aspect of AI in this guide let's proceed to conclude it for you.
When asked to perform activities for which artificial intelligence is not designed or intended, machines typically fail or produce meaningless results; This can have substantial negative repercussions. As a result, AI is here to make human life easier and not the other way around. We've covered the important topics in the guide related to artificial intelligence; we hope it helps you in any way possible.