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You must have heard about the notorious artificial intelligence (AI). Nowadays, artificial intelligence is in everything, whether it's a car, mobile, computer or payment method. We are actually surrounded by that in the modern world. But, is it threatening to the world and human or is it beneficial. I'm going to explain that in detail. So, let's get started.
What is Artificial intelligence?
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“Everything we love about civilization is a product of intelligence, so amplifying our human intelligence with artificial intelligence has the potential of helping civilization flourish like never before – as long as we manage to keep the technology beneficial.“
Max Tegmark, President of the Future of Life Institute
Artificial intelligence can be explained as, a process of simulating the human intelligence process to a machine. These processes include some human function, but especially three of them learning, reasoning and self-correction. According to the research, AI is categorized into two main groups, strong AI and weak AI.
Let's start with the weak AI-first, it is the system that is usually taught only one thing to perform or to perform a particular task. It is also known as narrow AI. Example of weak AI could be music or videos suggestion that is used by youtube or SoundCloud, automated driving and filtering of spam emails.
While strong AI is intelligence with a generalized human cognition. It is a form of a system intelligence or a machine intelligence that works just like human intelligence. This is the kind of intelligence which is not yet present in the world. Some of the top developers of the world say that it would be ready by 2030 or 2040.
Strong AI is also featured in some movies, it is like a real human brain. Like Jarvis in Iron Man. It is an example of strong AI. It can always answer you on the questions he is not familiar with. Robotic automation is becoming common in the world today. People like Elon Musk are continuously working on trying to make strong AI work in the real world, not actually featured in the movies. Now enough with the explanation of AI lets get on the application of AI.
Application of Artificial Intelligence
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AI is almost used in every sector, but I'm going to discuss four of them which are, hospitals, businesses, finance departments, and the educational sector.
AI application in business:
In business functions like CRM (customer relationship management) and other function like chatbot incorporation websites are handled by AI in business. All the data from chatbot and other sources which are through AI can be used and analyze deeply by AI, which further helps in the decision-making process of businesses.
AI is not a human intelligence replacement, but in fact, it is considered as a tool for support for human intelligence. AI is way too behind in common sense, but when it comes to processing it is far faster than a ordinary brain.
AI application in health sector:
AI can be of a lot of help in the sector of health. Doctors have to put a lot of time in diagnosing a person and then trying to figure out the exact problem with the person. But with artificial intelligence at hand it could be much faster, machine learning can make better and faster diagnoses than humans.
As AI can understand natural langauge it can easily answer the question asked of it. Moreover, all the chatbots available on the website of hospitals can be very useful in checking in and out of customers and patients. Not only that if some patient wants an appointment then AI can set the right time for an appointment without any delaying as it is faster than human in processing and analyzing data.
AI application in Educational sector:
As many teachers have to give a grade to students manually into each student database, with the help of AI this grading can be done in a matter of minutes rather than hours. Not only that AI would change the learning process, how teachers teach and how the student can learn. Even learning at their own pace. This is only sector in which AI can result in the elimination of employees as AI can enforce online learning for students. Or a possible reduction in the number of teachers.
AI application in Finance:
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Nowaday wall street trading is at its hype. Financers have to go through tons of data to make a decision about investing in a particular stock or a company. But with the help of AI, tons of data can be analyzed in a short span of time and help to enhance the decision-making process.
AI can enhance every sector, but in some sector AI is replacing the employees which are resulting in unemployment. As for the finance, medical and business sector it is extremely beneficial for these sectors to use AI.