Artificial Intelligence is a wide-ranging domain of computer science concerned with the simulation of human intelligence demonstrated by the machines. It is a revolution creating technology wherein the software used by the computers reciprocate various aspects of human intelligence. The basic purpose of Artificial Intelligence is to enable computers to perform various human intellectual tasks such as decision making, problem solving, learning, reasoning, providing perception, analyzing data itself, understanding human communication and many more. Artificial Intelligence today is creating an impact on almost all the industries and all the human beings. Almost all the emerging technologies may it be the Big Data, Machine Learning, Internet of Things, Robotics, Deep Learning have revolved around the Artificial Intelligence. It is serving as a technological innovator for the future.
What exactly is Artificial Intelligence?
Artificial Intelligence is a field of science that is concerned with building smart machines that are capable of replicating the humans by performing tasks in a similar fashion that humans tend to perform. It is a technology that models the computer systems in such a way that they efficiently do perform the tasks thus producing a clear picture of human intelligence process simulation by machines. It is a world changing technology that can help in diagnosing various diseases, controlling autonomous vehicles, recommending certain searches, augmenting human intelligence and much more. The Artificial Intelligence is a term that is applied to the development of systems with the capability of performing human intellectual processes.
Why is Artificial Intelligence important?
Artificial Intelligence proved to be important for businesses because it gave them insights about their processing and operations that otherwise would not have been possible to derive. Artificial Intelligence also can perform more efficiently when it comes to repetitive, detail-seeking tasks like analyzing distinct and large volumes of documents for ensuring that all the mandatory fields are filled with appropriate information and in a systematic and detailed manner. The Artificial Intelligence tools are also capable of performing the tasks in more accurate and precise way, with less time consumption and relatively few errors.
As a best example of Artificial Intelligence, the taxi faring services are now made possible using the technology. During earlier times the passengers had to hire a taxi that they themselves approached, but now with the Artificial Intelligence technology working, the computer software has now connected the passengers with the taxis. Now what it does is simply that with the help of the Machine Learning algorithms it beforehand predicts that in which area more people are likely to book a taxi. So once the prediction is made, the taxi drivers are proactively asked to drive on those roads. This in a way reduces the waiting time for the passengers and also improves the business on the company part. Likewise, most of the companies are now switching to Artificial Intelligence for improving their operations and for getting an edge over their competitors.
How does Artificial Intelligence work?
As the craze of Artificial Intelligence is all over the market, businesses are finding ways to promote their products and services using the Artificial Intelligence tools and techniques. A very few programming languages are synonymous with Artificial intelligence such as Python, R and Java. The technology requires a specialized set of hardware and software for training the machines and hence is not possible with use of just any programming language.
Artificial intelligence works by ingesting large loads of data, training the machine models based on the collected data, analyzing the data for any sort of patterns or correlations and then using the modelled data for making predictions for any future data. An example of it is the chatbot that various websites do use. It interacts with the people in a similar fashion to what a human would have done instead.
The Artificial Intelligence programming emphasizes on a set of skillsets that are important for any machine in working in a similar manner to what a human intelligence would have done.
- Learning process:
This is a skillset that Artificial Intelligence has a greater emphasize on. This aspect mostly is focused on collecting data and for creation of certain parameters based on which the data collected is turned into an actionable response. The algorithms are made for the computer device based on which they perform certain tasks in a step-by-step manner.
- Reasoning process:
This is a similar aspect which emphasizes on choosing the perfect algorithm for performing any particular task so as to get the desire output. This is also one of the key aspects for the process to give favorable results.
- Self-correction process:
Sometimes, it may happen that any algorithm or any data collected may acquire some sort of error. Getting rid of the anomalies is a common but hectic task which can delay the output generation. The self-correction process is an aspect of the Artificial Intelligence that continuously checks for any anomaly and does regularly finetunes it, thus ensuring that they result in more accurate and precise outcomes.
Advantages of Artificial Intelligence
As all the technologies revolving around the Artificial Intelligence are continuously evolving, a hype of the Artificial Intelligence is also accelerating much faster, this is all because of the fact that the technology driven predictions are more accurate and faster as compared to the humanly predictions. So, their arise a greater number of advantages for the technology. The most prominent of them are:
- Reduced time taken for performing the tasks even if the data fed into the system is way too large.
- Best at predicting outputs as and when compared with the humans.
- Good at working with the detail-oriented dataset.
- It prominently delivers the most consistent results.
- Humans at time may need rest But the Artificial Intelligence powered virtual agents are always at work and available 24/7. This gives the user the benefit of working from anywhere and anytime without anything to worry.
Disadvantages of Artificial Intelligence
With the pros does comes the cons. The Artificial Intelligence powered machines too have got some disadvantages to its name. For processing the large amount of data, Artificial Intelligence does require deep expertise and so does increases the costs. The most prominent disadvantages of any Artificial Intelligence are given below:
- Making use of the Artificial Intelligence is way too expensive.
- It requires deep technical expertise to get to the favorable outputs.
- The workers who are skilled enough in developing the Artificial Intelligence tools and algorithms are way too short and hence puts a lot of pressure on the qualified workers for developing the systems.
- The machines powered with Artificial Intelligence is only known to what data is fed into the system and hence is only restricted in performing that limited task.
- It lacks the ability to generalize from one task to another and hence increase the time in transferring the information from one system to another.
Applications of Artificial Intelligence
The Artificial Intelligence is used in various industries and does require a lot of expertise in working in these industries. Right from Automation, Robotics, Machine Learning, Internet of Things, to Machine Vision, Natural Language Processing, Deep Learning everything makes use of the Artificial Intelligence technology. Some of the fields that have incorporated the use of Artificial Intelligence are:
The sector that has benefited most from the Artificial Intelligence technologies is the healthcare sector. Many machine models are used for the faster, efficient and economical diagnosis of the patients. Artificial Intelligence applications in this sector includes the virtual health assistants and virtual chatbots to help the customers find the healthcare related information, for understanding the billing process, for scheduling appointments and for many other healthcare administrative services.
The businesses are always looking for ways to improve the customer experience so as to generate more profit from the products or services provided. Many Artificial Intelligence based models are incorporated into the sector to find the information relating to improving the business standards. Many websites have made chatbots available so as to serve the customers 24/7. Also in a similar fashion many more advancements have been made in the business sector.
Artificial Intelligence in the education sector has automated grading, accessing the student needs and rendering them the services as per that, giving the educators with more teaching options, helping the students learn at their own pace and much more. The Artificial Intelligence tutors keep a regular track of student’s progress, provides assistance to the students so that they always are on track in learning.
The continuous revising of the documents in the law is a hectic process. The Artificial Intelligence system has automated the process thus enabling the law firm in quickly getting to a verdict. Many labor-intensive processes have been handled by the technology thus in a way saving time and also helping in improving the client service.
At many manufacturing plants, Artificial Intelligence based robots are used for the production purpose. The robots during earlier times were efficient in performing only a single task but now are capable enough of performing multiple tasks at a time. These robots now even collaborate with humans to perform the task at a faster pace.
- Banking and Finance:
The banking and finance sector has also been benefited with the arrival of the Artificial Intelligence technology. It helps in collecting information, predicting the credit score, ensuring fraud free service rendering and are nowadays even used for providing financial advice to the customers. The Artificial Intelligence virtual assistants are also used for improving and reducing the cost of compliance with banking regulations. The credit limit setting and identifying investment opportunities is also done using these technologies.
In the transportation sector, the self-driving cars are all a result of the Artificial Intelligence. Right from managing traffic in developed countries to predicting flight delays and making the travel safer, efficient, faster and economical is all possible with the Artificial Intelligence coming in.
In the security sector, the Artificial Intelligence has created a buzz. The security information and the event management software are made use of to detect any king of frauds, suspicious activities, or any sort of threats. By making use of the data and the machine models, Artificial Intelligence can identify any malicious codes. Artificial Intelligence technologies is even capable of providing much faster alerts for any new frauds or attacks that may happen. May it be cyber security or any other type of security, Artificial Intelligence is always paving an edge for the companies.
The Artificial Intelligence is closely associated with making the human lives simpler, quicker and more efficient. It is the center of the computational model intelligence technologies. AS discussed above, this field has really very little qualified workers and is heavily in demand of skilled professionals. If you wish to be one of them and feel that you can ace in the field of Artificial Intelligence then just go for it. But do remember that for getting a job in such a field does require a high level of expertise and which can only be achieved with proper learning.