Artificial Intelligence is the ability of a digital computer or a computer-controlled robot to accomplish tasks in a manner similar to that of intelligent beings. Here are a few AI examples:
- Siri, Alexa, and other smart assistants
- Self-driving cars
- Robo-advisors
- Conversational bots
- Email spam filters
- Netflix’s recommendations
Two categories of AI
Jeremy Achin, CEO of DataRobot, opened his keynote at the Japan AI Experience in 2017 by giving the following definition of how AI is used today:
“Artificial intelligence (AI) is a computer system that can do tasks that would normally need human intelligence… Many of these artificial intelligence systems are based on machine learning, while others are based on deep learning, and yet others are based on mundane things like rules.”
Narrow AI:
This type of artificial intelligence, often known as “weak AI,” operates in a constrained context and is an imitation of human intelligence. While narrow AI is frequently focused on executing a specific task very well, these machines operate under many more constraints and limits than even the most basic human intelligence.
Artificial General Intelligence (AGI):
AGI, often known as “Strong AI,” is the type of artificial intelligence we see in movies like Westworld’s machines or Star Trek: The Next Generation’s Data. AGI is a machine that has general intelligence and can use that intelligence to solve any problem, much as a person can.
Applications of AI
AI is being applied in a variety of fields to get insights into user behavior and make data-driven suggestions. Google’s predictive search algorithm, for example, analyzed user data from the past to forecast what a user would put next in the search field. Netflix leverages previous user data to suggest what movie a user should watch next, keeping them hooked on the platform and boosting their viewing duration. Facebook leverages historical user data to automatically propose tags for your friends based on the facial features in their photos. Large corporations employ AI to make the lives of their customers easier. Artificial Intelligence’s applications are widely classified as data processing, which includes the following:
- Searching within data and refining the findings to provide the most relevant information
- If-then logic chains that can be used to execute a sequence of commands based on parameters
- Pattern detection is a technique for identifying noteworthy patterns in a huge data set in order to gain new insights.
- Probabilistic models were used to forecast future outcomes.
Why AI is so useful?
Artificial intelligence has a number of key advantages that make it a valuable tool, including:
- Automation — Artificial intelligence (AI) can automate time-consuming processes/tasks without causing weariness.
- Enhancement — AI has the potential to improve all products and services by increasing end-user experiences and providing better product recommendations.
- Analysis and Accuracy– AI is significantly faster and more accurate than humans at analyzing data. AI’s capacity to comprehend data can help it make better decisions.
Simply said, AI assists businesses in making better judgments and improving product and business operations at a faster rate.
