AI - Artificial Intelligence as an Emerging Technology
Introduction:
Artificial intelligence enables machines to learn, think, execute and problem solve like a human being. Smart machines think alike human beings and have necessary memory built in so that, it can outsmart human beings.
A simplest example is computer playing chess against human being and beat them in the process! IBM Deep Blue super computer beat world grand master Kasporov in 1997.
AI programmes enables machines to learn from the past experience and execute actions in the future as per new learning. This is making the real difference to AI in the evolution of computer programming.
Health care - To eliminate critical medical errors in decision making. Predictive analysis of certain diseases like Covid-19
Retail industry - Large customer base, AI can use curated data to analyze customer's choices and preferences. The same is applicable to Ecommerce industry as well.
Manufacturing - Artificial intelligence can be used to predict production downtimes, Finished goods quality, and Customer satisfaction.
Human resources - AI can be used for resume screening by using keywords or phrases and candidates can be shortlisted based on large databases of candidates. Also read the following related articles:
Case Capsules - Artificial Intelligence:
Travel Industry - AI can analyse Travellers preferences, destinations, flight related preferences, Income level, seasonalities etc.,
Banks - Banks uses AI powered chatbots to understand and answer customer services queries & complaints
Agriculture - The industry can use predictive analysis by involving various inputs to analyze climate change, crop distribution, usage of fertilizers, crop insurance and others.
Entertainment industry - Online streaming industry such as You tube and Netflix can analyse customer choices.
Education - To analyze student profiles, grading techniques from a large database and further analytics.
Top world class companies in Artificial intelligence:
IBM - Personal computer
Microsoft - Software development
Toshiba - Japanese TV, Electronics manufacturer
Samsung - Korean mobile maker
Apple - I phone manufacturer
Google - Internet search and autonamous car company
Facebook - Social applications
Amazon - Web services, Ecommerce, Cloud
Alteryx - An Analytis company
Intel - Hardware to other IT products
One of the biggest benefits of Artificial intelligence is that, it will release people from routine jobs and make them to use their creativity and management skills to the fore.
For example some of the work done by Financial Analysts, Accountants, Insurance actuaries, Translators, Analysts doing miscellaneous things need to move to new and better jobs with the emergence of Artificial intelligence at work place.
Jobs which are well paid due to cognitive skills of human beings have the higher possibility of getting replaced by machines slowly in the next 20 to 30 years.
Again human beings need to be more creative in their search for new jobs as computerization threatened the jobs in the 90's. However, it turned out to be otherwise. Computerization of offices created more and better jobs at the end!