Artificial Intelligence

[Audio] Artificial Intelligence BENEFITS OF AI IN BUSINESS AND HELPFUL EVERYDAY EXAMPLE OF ARTIFICIAL INTELLIGENCE.

What Is Artificial Intelligence?. The theory and development of computer systems able to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages..

Benefits Of AI In Business. Automating repetitive tasks Reducing human error Improving processes and workflows Minimizing costs 24/7 availability Enabling quicker decision-making.

Best Examples Of How AI Is Already Used In Our Everyday Life.

1. Maps and Navigation. AI has drastically improved traveling. Instead of having to rely on printed maps or directions, you can now use Google or Apple Maps on your phone and type in your destination. So how does the application know where to go? And what’s more, the optimal route, road barriers, and traffic congestions? Not too long ago, only satellite-based GPS was available, but now, artificial intelligence is being incorporated in navigation applications to give users a much more enhanced experience. Using machine learning, the algorithms remember the edges of the buildings that it has learned, which allows for better visuals on the map, and recognition and understanding of house and building numbers. The application has also been taught to understand and identify changes in traffic flow so that it can recommend a route that avoids roadblocks and congestion..

2. Facial Detection and Recognition. Using virtual filters on our faces when taking pictures and using face ID for unlocking our phones are two examples of artificial intelligence that are now part of our daily lives. The former incorporates face detection, meaning any human face is identified. The latter uses face recognition through which a specific face is recognized. Facial recognition is also used for surveillance and security by government facilities and airports..

3. Social Media. Social media applications are using the support of AI to monitor content, suggest connections, and serve advertisements to targeted users, among many other tasks to ensure that you stay invested and “plugged in.” AI algorithms can spot and swiftly take down problematic posts that violate terms and conditions through keyword identification and visual image recognition. The neural network architecture of deep learning is an important component of this process, but it doesn’t stop there. Social media companies know that their users are their product, so they use AI to connect those users to the advertisers and marketers that have identified their profiles as key targets. Social media AI also has the ability to understand the sort of content a user resonates with and suggests similar content to them..

4. Google Search. Most of us can’t go a day without searching Google for an answer or a product we can’t live without. Search engines couldn’t scan the entire internet and deliver what you want without the assistance of artificial intelligence. Those ads that seem to follow you around? Yep, those are enabled by AI, are based on your search history and are personalized to you with the goal of getting items in front of you that the algorithms believe you will value..

5. E-Payments. Having to run to the bank for every transaction is an enormous waste of time and AI is playing a part in why you haven’t been to a bank branch in 5 years. Banks are now leveraging artificial intelligence to facilitate customers by simplifying payment processes. Intelligent algorithms have made it possible to make deposits, transfer money, and even open accounts from anywhere, leveraging AI for security, identity management, and privacy controls. Even potential fraud can be detected by observing users’ credit card spending patterns. This is also an example of artificial intelligence. The algorithms know what kind of products a user buys, when and from where they are typically bought, and in what price bracket they fall. When there is an unusual activity that does not fit in with the user profile, the system can generate an alert or a prompt to verify transactions..

6. Netflix. At the end of the day, when it's time to kick back and relax, many of us turn to streaming services such as Netflix. The company's recommendation engine is powered by artificial intelligence and uses your past viewing history to deliver suggestions for what you might want to watch (including genres, actors, time periods, and more). Its tool gets as specific as what time of day you were watching and what you traditionally like during that timeframe. In fact, 80% of what we're watching is driven by Netflix's recommendations..

Summary:. In these digital era, it will be hard to imagine any of our daily routines without the help of AI. AI is a great tool that become a major part of our everyday lives. Now, we can appreciate how easy it can make things for us. With AI we can work better, faster and smarter. AI is everywhere!.