What Is Artificial Intelligence? Role of AI for small business

The use of artificial intelligence is widely used in small businesses and other sectors that has reduced the human efforts significantly. Know more here!

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AI or Artificial Intelligence is the simulation of human intelligence processes by machines, specifically computer systems. These processes involve learning, reasoning and self-correction. Some of the applications of AI technology include expert systems, speech recognition, and machine vision. Artificial Intelligence is advancing at high speed and is already transforming our world socially, economically, as well as politically. This technology is widely used in building the Conversational AI Platform for better customer relationship.

Applications Of Artificial Intelligence:

Artificial Intelligence in Healthcare: Companies are applying machine learning to make better and quicker diagnosis than humans. AI is a study realized to imitate human intelligence into computer technology that could assist both the doctor and the patients in the following ways:

-By providing a laboratory for examining, representing and cataloguing medical information

-By integrating activities in medical, software and cognitive sciences

-By devising a novel tool to support decision making and research

-By offering a content-rich field for the future scientific medical communities.

Artificial Intelligence in Business: Robotic process automation is being applied to very repetitive tasks usually performed by humans. Machine learning algorithms are integrated into analytics and CRM (Customer relationship management) platforms to reveal information on how to serve customers better. 

Chatbots have already been incorporated into websites and e-companies to provide quick and instant service to customers. Automation of job roles has also become a point of discussion among academics and IT consultancies.

AI in Education: Implementing artificial intelligence in the education department automates grading, giving educators more time. It can also assess students and adapt to their needs, thereby helping them work at their own pace.

AI in Autonomous Vehicles: Just like humans, self-driving cars require sensors to understand the world around them and a brain to gather, process and choose specific actions based on information collected. Autonomous vehicles are those with an advanced tool to gather information, including cameras, long-range radar, and LIDAR. Each of the technologies are used in different capacities, and each gathers different information.

This information is of no use unless it is processed, and some form of information is taken on the basis of the gathered information. This is where artificial intelligence comes into the picture and can be compared to the human brain. AI has various applications for these vehicles, and among them, the more immediate ones are as follows:

-Adjust the trips directions based on known traffic conditions to find the fastest route.

-Directing the car to the gas station or recharge station when it is running low on fuel.

-Incorporate speech recognition for better communication with passengers.

-Natural language interfaces and virtual assistance technologies.

AI for Robotics: This will help us address the challenges in taking care of an ageing population and also allow much longer independence. It will drastically reduce, maybe even bring down the occurrence of traffic accidents and deaths, as well as enable disaster response for dangerous situations- for example, the nuclear meltdown at the Fukushima power plant. There are several BOT Building Platform for usage for organizational purposes.

What Is Artificial Intelligence? Role of AI for small business

Cyborg Technology: One of the prime limitations of being human is only our own bodies and brains. Researchers think that in the future, we will be able to augment ourselves with computers and enhance several of our own natural abilities. Though many of these potential cyborg enhancements would be added for convenience, others might serve a more practical purpose.

Artificial intelligence in everyday life

You may think that artificial intelligence (AI) is only related to the big tech giants and that it plays no crucial role in your day to day life. But the following are the examples that will help you to understand how AI exists in your life even if you did not notice it.

Face ID On Your Phone

Today we can’t imagine our life without our phones. In fact, our phones are the first thing that most of us reach for as soon as we open our eyes. Apart from setting the passwords or patterns we also unlock our phone with our fingerprint or Face ID. This unlocking the phone by using such biometrics is nothing but artificial intelligence.

Social media

Most of us live our life more on the virtual platforms Facebook, Twitter, Instagram, and more than the real world. We get to connect with friends from around the world through social media. We see our news feeds getting updated every single minute according to our taste and preferences. These suggestions and filtering out what is fake is nothing but machine learning.

Google search

What do you do when you want to know about something. You type it on Google and command it to search it for you. It has become an inseparable part of our life. This is because of the AI that search engines can scan the internet and come up with valid solutions for your query. Even the ads that you see on your phone are the result of AI.

Amazon recommendations

Amazon has now become the top favorite one-stop destination for online shoppers. Amazon is also the best example to tell you how you are exposed to AI in your regular day to day life. The retailer’s AI algorithms know very well that what you like and what you have purchased or searched for. The recommendations that you see in your Amazon feed is the outcome of AI. 

AI will become useful for people with amputated limbs, as their brains will be able to communicate with a robotic limb to help them gain more control. This kind of cyborg technology would significantly reduce the difficulties and limitations that amputees deal with daily.

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