If you are reading tech news every now and then, it’s very likely that you have heard about artificial intelligence. This term is becoming a buzzword, but the truth is that only a small number of people know what artificial intelligence is all about. In case you are new to this, you won’t get any help from the dictionary because there are dozens of different definitions when it comes to this term. Even though this term was coined in the 1950s, AI has become popular in the last decade, thanks to modern technology.
Artificial Intelligence: Definition
Artificial Intelligence can be defined as a software or a device which has the ability to perceive the environment around it and make decisions that optimize its chances of achieving predetermined goals in the best possible way. In addition, we can also define this term as computer software which has the power to mimic decision-making process like humans. Basically, we are talking about a concept that lets machines, devices, and computers to act in an intelligent way.
There is a wide range of activities that can be conducted by these AI machines. Some of these activities include planning learning, adjusting, problem-solving, reasoning, perception, language processing, motion, etc.
To be honest, AI is not a concept that has been fully researched and established. Science is making progress in this field every day. There are many companies that are working on AI machines and on this concept and so far, the results are impressive. Even though we are talking about technology that has just started, we are already witnessing great benefits from the use of artificial intelligence. If you want to find out more about the advantages of AI, keep reading because we are about to highlight the sectors where AI is used today.
Where is Artificial Intelligence used?
Any intellectual activity has the potential to be conducted by AI. So far, we have seen a few sectors that could benefit greatly from AI.
One of the most common examples used by writers who are trying to explain AI is the use of self-driving (driverless) vehicles. Today, there are a few dozen companies that rely on AI to build self-driving vehicles. The most notable example is Tesla, but Apple and Google had success in this field too.
This might sound like a simple thing, but we should remember that these cars come with different intelligent subsystems like navigation, braking, prevention of collisions, mapping, etc. Surely, there’s a lot to be done in this sector in the future, but the first results were good enough for most of the developers we’ve mentioned before and that’s why they have kept working on these vehicles.
AI technology can gather information and data, process this data and provide a meaningful output to the users. Ai software solutions and hardware solutions have already been used in many hospitals around the world. They are usually used in the diagnosis process, drug development, treatment plan development, and patient monitoring. It’s good to know that AI is used in radiology for a few years now. This makes sense because AI machines can analyze imaging results and provide advice to doctors. They are analyzing the results all the time and this is something that doctors can’t do. Even if they are monitoring the patients all the time, there’s a chance of human error. Obviously, an AI machine won’t allow something like this to happen.
The companies that are working on providing AI solutions to the healthcare industry are currently making tests with a few different activities that belong to different healthcare services like drug creation, heart sound analysis, medical record mining and assessing the risk of fatalities in surgical procedures.
More and more AI advocates are supporting the idea of implementing AI in the classrooms. For instance, students can get AI tutors that will be focused only on their work. This makes sense because numerous studies have shown that students can expect the best results when they have private teachers. Of course, this will eliminate the lack of social interaction because students will still go to school and meet their peers.
Artificial intelligence can be good for marketing activities too. With the help of AI, marketers and business owners can conduct precise marketing analysis, determine their target audience, mine data, create better marketing campaigns and more.
Finally, we have the financial sector in which AI is used by many organizations. Personal finance, market analysis, underwriting, data mining, and algorithmic trading are just some of the areas where artificial intelligence is used in the financial sector.
Artificial Intelligence is a concept that is becoming more and more popular in different sectors. With the advance of technology, we expect this concept to be implemented even more by various companies and organizations.
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