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Okay, no more crying over, “I don’t have anyone to listen to me”.
How thrilled will you be, if I say, there is something which will not only listen to you but will be at your command forever?
Yes, I am talking about Artificial Intelligence (AI). The CEO of Google Sundar Pichai said AI will have an abject effect on humanity than fire, electricity, and the internet. According to the PWC’s report, by 2030 AI can contribute $15.7 trillion to the global economy. 37% of enterprises employ Al and the need for AI experts tripled between 2015 to 2019 in IT departments. So both your’s and the world’s future is going to revolve around AI.
And, If you have no idea what AI is and what it does, you are gonna face a big-time FOMO. we are here to rescue you and you will be in owe at the end of this blog. Keep reading.
Artificial intelligence understands how the human mind works by leveraging computers and machines and works expeditiously to perform certain tasks. It’s definitely on the way to impersonating one of the robots from the sci-fi movies Netflix is recommending you to watch. Even the watch list prepared for you by Netflix based on your preference is generated by AI. knowingly or unknowingly you are taking advantage of AI in every possible way. There is more on the list of how AI is helping you and the whole world in every sector. Let’s have a look at the types and 12 applications of AI.
There are 7 types of AI which are again divided as per capability and functionality.
It is also known as weak AI and it is the most common type of AI. It always performs a single specific task it has been designed for and can not exceed beyond its limitations.
General AI is trained to perform any intellectual task just like a human mind would perform.
Super AI can perform a task better than the human mind. And it is still a hypothetical concept that will take time to come into action
These are the basic types of AI and they can not store memories for future actions.
The Limited Memory AI can store memory for a limited period of time.
These are the AI who can socially interact like humans by understanding human emotions and beliefs.
These machines will be brilliant and will have their own consciousness, sentiments, and self-awareness. This is still a hypothetical concept.
Pro Tip: If you are a beginner we have a fully-fledged Artificial Intelligence guide for you.
If you ask what are the applications of Artificial Intelligence? The answer leads to thousands of applications of AI. We have listed 12 top real-world latest Artificial Intelligence applications to make you ready for the future.
The most important thing for a marketer is his customers. AI makes the process of attracting prospects, lead generation, and getting the potential customer smooth.
The applications of Artificial Intelligence in Marketing include:
AWS announced general accessibility to Amazon Personalize in June 2019. This can help the developers build applications using the same machine learning Amazon uses which can assist in developing applications having to get real-time personalized recommendations without having any prior experience of machine learning. Some other examples are Sephora chatbots, Chase improved its copywriting using machine learning which helped bring humanity in their marketing.
Pro Tip: As AI is spearheading marketing and giant brands like AWS and Google are adopting AI, The career opportunity is ample. If you are looking for a learning path, we have curated one, specifically for you
Applications of Artificial Intelligence in the Health sector are blessings. AI helps in health care in numerous ways to enhance the performance of the health care providers by assisting them in delivering care to the patients. It also helps in diagnosing diseases and creating brain-computer interfaces.
The use of healthcare apps has influenced people to lead a healthy app. Report says that the IoT healthcare market will reach $136.8 billion worldwide by 2021.
AI helps in agriculture by taking over the traditional methods of farming which include more labour.
Applications of Artificial Intelligence help
A German-based tech start-up PEAT has developed an AI-based application that is helping Indian farmers to grow a healthy crop. Nova Scotia-based start-up SkySquirrel Technologies use drones to capture data from the farm. Microsoft is currently working with 175 farmers in Andhra Pradesh to provide advisory assistance. This initiative has already resulted in a 30% higher average yield per hectare last year.
Global spending on AI agriculture is predicted to triple in revenue by 2025, reaching $15.3 billion.
AI is definitely making progress in understanding automotive features to make our driving experience safer, more comfortable, and more entertaining
Hyundai introduced AI-powered wearable robots, OTTO Motors introduced an AI-powered material handling system. Tesla introduced autopilot capability in 2015 and has been revolutionizing since then. Waymo started an autonomous taxi service in Arizona, the US in 2018. Baidu introduced self-driving cars in 2019 for public trials in China.
Worldwide net additions of self-driving care will reach 745,705 units by 2023, up from 137,129 units in 2018. The global autonomous car market will reach a size of over 37 billion U.S. dollars in 2023.
Banking sectors are exploiting AI technology well to provide error-free and fast banking services. A lot of banks have already adopted AI-based systems and transformed digitally to provide customer support, detect aberration, and credit card frauds.
HDFC’s Electronic virtual assistant, EVA, built by Bengaluru-based Senseforth AI Research, helps customers 24/7 to solve queries. Eva has already answered more than 5 million queries from around a million customers, with more than 85
The entertainment world has welcomed AI with open arms to make audio and visual content personalized and interactive.
AI applications in the entertainment industry include:
OTT platforms like Netflix, Amazon Prime, and music applications like Spotify are ruling the entertainment world utilizing AI.
AI is making its ground in the education sector. With the pandemic, the trend of online classes has been executed everywhere and students are preferring additional resources to add value to their education. AI is making the education system more result-oriented by helping both teachers and students in various ways.
Where is AI used in the Education Sector?
IntelliMetric and Project Essay Grade use AI to automatically grade all kinds of assignments. One of the AI assistant examples is Google classroom which can check missing citations and originality of content on behalf of a teacher.
Astronomy revolves around research, data, and findings. The Application of Artificial Intelligence in Astronomy is huge for the purpose of vast research.
Where is AI used in Astronomy?
Astronomers find exoplanets by observing their orbits while they come in front of a parent star and block the light. Astronomers build a picture of minute dips in the brightness, which they can use to identify the planet’s properties, such as its mass, size, and distance from its star. One of the biggest datasets belongs to NASA’s Kepler Space Telescope.
Artificial intelligence (AI) is used to generate responsive, adaptive, or intelligent behaviors mainly in non-player characters (NPCs) as if portrayed by a human.
Where is AI used in Gaming?
AI uses data to create a gaming environment where characters can play and perform basic actions.
Some examples of games where AI has been used dominantly to make the games visually appealing are The Division, Forza, Alien, City Conquest, etc. PUBG uses Ai to kick cheaters from the game.
Robots were the first self-operated machines introduced to everyone. AI robots are doing immense progress to perform multiple tasks to reduce physical workload.
AI robots are progressively used in:
Pro Tip: With this worldwide usage, Employers are looking vigorously for AI professionals, as well as the competition to get into the AI world is increasing. Larger the aspirants, the tougher the interview questions. We have ready-made Artificial Intelligence interview questions for you to save you.
AI is building the future of the stock. According to a study by U.K. research firm Coalition, electronic trades account for almost 45 percent of revenues in cash equities trading. Artificial intelligence and machine learning can:
The Artificial Intelligence devices helping in Trading are
Elie Bursztein, head of the anti-abuse research team at Google said “Before we were in a world where the more data you had, the more problems you had. Now with deep learning, the more data the better”.
A breach control platform, Balbix uses AI-powered observations and analysis to deliver constant and real-time risk predictions, risk-based vulnerability management, and proactive control of breaches.
It helps in:
Facts and Figures:
From the above-mentioned data, It is clear that AI-power is gonna take over manpower. But to regulate, operate, and enhance the ability of AI, the human mind is essential. As AI is man-made, both are interdependent.
The average salary of a highest paying Machine learning engineer job is $142,858. 133 million AI-based new jobs to be created by 2022. The demand for an AI expert is increasing with the increase in AI usage. The roles and responsibilities of AI engineers are crucial.
This is definitely the trailer, to master Artificial intelligence one needs proper resources, deep understanding, and guidance. You can learn more about the applications and How to become an AI engineer at JanBask training. Do visit now to prepare yourself for the demanding future.
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