Artificial intelligence, or AI for short, is a branch of computer science that focuses on creating intelligent machines. These machines are able to perform tasks such as facial recognition and language translation with great accuracy. The AI applications of this technology are vast, making it one of the most important fields in tech today.
An AI application is a computer program that performs a task in the same way as a human. AI can be used to perform repetitive tasks like data entry, but it is also being used for more complicated jobs such as diagnosing cancer or driving cars with precision and accuracy.
It is estimated that the AI market will reach 118 billion by 2025. As per Gartner, 37% of organizations have implemented some form of AI into their company and this number has grown 270% in just four years.
Servion Global Solutions predicts that 95% of customer interactions will be through artificial intelligence by 2025!
In this article, I will explore 21 real-life applications of artificial intelligence!
About Artificial Intelligence
Artificial intelligence is an interesting concept. Many people think of it as a machine that can perform human tasks, but the truth about AI goes much deeper than this simple understanding. Artificial intelligence refers to any system with traits associated with human minds such as learning and problem solving–the applications for artificial intelligence are limitless!
Artificial intelligence is the simulation of human intelligence in machines programmed to think like us and mimic our actions. Fictional depictions would have you believe that this means a Terminator-style machine, but these applications are endless. AI can be applied anywhere from healthcare to transportation systems which improve daily life for everyone involved!
The concept of artificial intelligence is evolving rapidly as we are discovering new applications in a growing number of industries. Every day, researchers and engineers come up with innovative ways to incorporate AI into our lives – from the way that robots work alongside us at home or on assembly lines, to how your phone interprets voice commands and processes photos for you. The possibilities seem limitless!
Artificial Intelligence (AI) has been around since its first development in 1956 by two scientists named Arthur Samuel & Allen Newell who created an algorithm called “Samuel Checkers-Player.” Today there have been many advances made within the field such as machine learning which utilizes deep research into mathematics/computer science/linguistics along with psychology among other domains; each application will
Artificial intelligence is a complicated and often misunderstood concept for many, but its applications are limitless. It can be applied in any industry to generate maximum output from the operational front by using technology algorithms that act as non-human decision-makers when faced with large data sets or complex decisions. In recent years AI has been tested and used within healthcare sectors such as medicine dosing tasks, surgical procedures during operations rooms on patients of all ages – even newborns.
Let’s explore 11 artificial intelligence applications that are already active in our lives.
1. Google’s DeepMind
Google’s DeepMind is a technological revelation that has the potential to improve on past iterations, getting smarter and more aware. It can be used as true artificial intelligence for efficiency purposes in any number of industries.
A great example is a medical field, where DeepMind AI can assist doctors in analyzing X-rays or CT scans. Another use for this technology would be to create a “memory bank” that collects all of your browsing data and remembers what you clicked on so you don’t have to search over and over again.
Google’s DeepMind is also used in conjunction with Google Assistant, where the AI can do searches for you and find things on your behalf. This makes our lives a lot easier and more streamlined.
The possibilities for this technology are endless, so we can’t wait to see what the future holds in store!
Tesla vehicles are not only popular for their accolades, but also because their features make them the perfect car. These cars have an array of self-driving capabilities and other technological advances that make them stand out from traditional models. The company has been pushing these updates to keep Tesla vehicles ahead in a competitive industry; they even send software upgrades over Wi-Fi without having to bring your vehicle into service!
A Tesla car is so intelligent that it can predict what you want before you know yourself. For instance, the navigation system will learn your favorite routes and suggest them to save time.
The self-driving feature allows for hands-free travel while still being able to keep an eye on traffic or other obstacles in front of the vehicle’s path thanks to its 360-degree camera coverage around its exterior. If all this wasn’t enough excitement already, these cars get smarter over different OS updates via Wi-Fi connection because they are equipped with a “brain” that stores more data about how drivers use their vehicles across differing situations as well as new information from driver input like voice commands – think Siri but way better!
Netflix is an incredible service with a highly accurate predictive technology that suggests movies based on your previous reactions and choices. The tech analyzes billions of records to get you the best selections for any occasion, but it does have its drawbacks – small-labeled films go mostly unnoticed while big-named ones grow exponentially as people watch them without realizing what they’re missing out on.
In a few short years, the Netflix algorithm has learned to predict what films you’ll like based on how many times you’ve enjoyed similar movies. This algorithmic intelligence is getting smarter with time; it can now analyze billions of records in order to provide even more accurate recommendations for your viewing pleasure. The only downside? As long as big-name movies continue dominating their platform, smaller indie releases will go unnoticed and underappreciated by viewers who don’t know they exist!
Boxever is an award-winning company that has leveraged machine learning and artificial intelligence to provide the best customer experience in today’s travel industry. Boxever specializes in providing micro-moments – experiences tailored for each client or potential traveler, which lets them get a sense of what it would be like to take their next trip before they even book anything! With these advances being made by companies such as Boxever, we can only expect more avenues of creativity from other technology providers too.
Boxever has mastered the art of making travel more enjoyable for its customers. They use machine learning to predict which moments will delight clients and deliver a personalized client experience that is second-to-none.
Boxever uses sophisticated data analysis and machine learning algorithms to create unique “micro-moments” customized with personally relevant information (such as favorite destinations) derived from conversations on social media platforms including Facebook Messenger. The result? A much-improved user experience!
5. HDFC Bank
HDFC Bank has developed an AI-based chatbot called EVA, which is built by Bengaluru-based Senseforth. With over 3 million customer queries and half a million unique users to date, Eva can collect knowledge from thousands of sources with the ability to provide quick responses in less than 0.4 seconds!
With the increasing rate of technology, HDFC Bank has adopted Artificial Intelligence (AI) in their customer support to detect frauds and other anomalies. One example is EVA – a chatbot that provides simple answers within less than 0.4 seconds from thousands of sources for over 3 million queries by users who have interacted with it more than half a million times since its launch last year alone!
For the past few years, banks have been using AI-based systems to provide customer support and detect credit card frauds. For example, HDFC Bank has developed an Artificial Intelligence chatbot called EVA (Electronic Virtual Assistant) which is built by Bengaluru-based Senseforth AI Research.
Since its launch in 2017, Eva has addressed over 3 million customer queries through SMS or email interactions with a half-million unique users while holding more than one million conversations without any form of interruption for days at a time! It can collect knowledge from thousands of sources like blogs on banking as well as social media platforms such as Facebook Messenger’s bot platform and answer questions related to loans within seconds because it understands natural language better than humans do due to machine learning algorithms.
6. RBS WorldPay
RBS WorldPay has used AI and Deep Learning to detect fraudulent transaction patterns for years now. The company’s proprietary algorithms are constantly looking over data in order to spot anything out of the norm, which is when they get alerted so that any necessary action can be taken as soon as possible.
One of the most effective fraud prevention solutions is using AI. By tracing card usage and endpoint access, security specialists are more effectively preventing fraud by analyzing the behaviors of transactions such as cash withdrawals from ATMs in different locations at a certain time for example. This has saved millions to companies like RBS WorldPay who rely on deep learning-powered artificial intelligence systems to analyze transaction patterns over time with ever-increasing accuracy that gets smarter every day without any human intervention!
Pandora’s A.I. is a one-of-a-kind, and it brings music discovery to the next level by meticulously analyzing songs based on 400 musical characteristics before recommending them accordingly with an almost perfect track record for picking out what you would like without even realizing that’s why you love those songs in particular!
Pandora’s A.I., when it was first released, revolutionized the music industry by automatically recommending songs based on an individual’s tastes and preferences in a way that had never been done before. This made Pandora indispensable to many people who always wished for someone else to make decisions for them so they didn’t have any regrets about listening too much to Taylor Swift or not enough Beyoncé.
Pandora’s artificial intelligence is one of the most revolutionary technologies in existence today. It goes by their musical DNA, which bases each song off 400 different qualities that are first reviewed manually by a team composed of professional musicians. This system has an incredible track record when it comes to recommending songs that go unnoticed but people inherently love and will enjoy hearing based on this criterion alone.
Nest, the intelligent home company acquired by Google in 2014 for $3.2 billion; has now developed a suite of products from their thermostat and cameras to meet your needs.
The Nest Learning Thermostat is an amazing product that can be voice-controlled with Alexa or even on its own through predictive learning algorithms; it also includes other product lines like the Nest Cam where you are able to monitor everything happening inside and outside your house without ever having to leave the couch!
Nest is a smart and clever home company that created products for people like you. With the Nest learning thermostat, which is now voice-controlled by Alexa, your needs are well taken care of. The nest camera suite also provides protection from intruders with its motion-sensing capabilities to alert you when someone enters your property or makes an unwanted entry into their space in the office environment.
PEAT, the Berlin-based agricultural tech start-up has developed an app called Plantix which identifies potential defects and nutrient deficiencies in the soil through images.
It has developed an application called Plantix that identifies potential defects and nutrient deficiencies in the soil through images. The app analyzes color variations to make accurate assessments of how healthy your plants are, which will allow you to take appropriate measures for growth based on what’s best for each particular plant type.
Using the image recognition app, you can snap a picture of your lawn and see what could be causing all those brown patches. The company claims that its software can achieve pattern detection with an estimated accuracy rate of up to 95%. With this powerful technology on hand, it’s like having your own personal gardener at home!
10. Nomura Securities
Data scientists and machines are now determining the future patterns in finance. They analyze past data to predict how these same trends might repeat themselves, as well as correctly identify when they will change course.
Data science has been growing exponentially over recent years with its ability to accurately forecast changes before they happen, so much that venture capitalists have even resorted to using this type of advanced analytics for use in their investment decisions
Nomura Securities, Japan’s leading brokerage house with over $1 trillion in assets under management and more than 4 million individual shareholders, has been reluctantly pursuing one goal: analyzing the insights of experienced stock traders by using computers.
After years of research, they are set to introduce a new kind of trading system which makes use of not only of existing information but also takes into consideration what will happen next.
The new system stores a vast amount of price and trading data on its computer. By tapping into this reservoir of information, it will make assessments to predict how share prices are changing a few minutes down the line. This allows for better trading decisions based on predicted market conditions.
Cogito is one of the most powerful examples of behavioral adaptation to improve customer service for phone professionals. They combine machine learning with behavioral science, generating millions upon millions of voice calls a day.
Cogito is a revolutionary AI company that has created software to help customer service representatives improve their interactions with customers. Cogito’s technology improves the emotional intelligence of those who work in phone-based support positions by applying machine learning and behavioral science principles, which means it can be applied across millions upon millions of voice calls occurring every day.
Cogito has created a platform used by phone professionals to make customer interactions better. Cogito’s technology is the combination of machine learning and behavioral science, which helps improve the emotional intelligence of phone professionals in order to provide high-quality service for millions upon millions of voice calls that occur every day.
The evolution of AI and machine learning technologies has seen an exponential rise in the last decade. These advancements have transformed our everyday lives; for example, facial recognition software can now identify people within milliseconds from a photo taken on your phone’s camera! This technology is proving to be valuable across industries including retail, construction, medical device design – it seems like every industry could use some degree of artificial intelligence or machine learning these days.
Artificial intelligence has the potential to change how we live and work in incredible ways. Your refrigerator might be able to recommend you healthy foods, your chatbot Alexa could become one of your professional assistants! With these new AI advancements coming so quickly, it is hard to imagine what other applications will come out next!