From the Russian President Putin to the Facebook CEO Mark Zuckerberg, everybody is talking about artificial intelligence. Yes, AI is promising a gamut of benefits to forward-thinking businesses.

This has been grabbing the attention of everyone who is in the business world. If I tell the definition of artificial intelligence in a single line, “AI is a method of building human intelligence in machines”. So machines can think like human, work like human (faster than human), without requiring human intervention. AI uses very complicated mixture of computer science, mathematics, and other complex sciences.

Don’t think that AI is just about robots who can act like human. AI can be in any form, it can be a software or an integrated application solution. So there is an increased number of
mobile apps development companies in India, USA, and other technology services companies adding artificial intelligence to their service portfolio to leverage a first-mover advantage.

Discussions around artificial intelligence are heating up. Some industry leaders regard it as a bane, while some others are regarding it as a game-changing technology that is aimed at simplifying lives. With natural language processing capability, AI is trying to mimic human. Complex programming helps AI machines or software replicate the cognitive abilities of humans.

Let’s see how AI can offer real-world benefits:

Top 4 Advantages of Artificial Intelligence in Real-world

1. Reduce errors
   This is one of the prime advantages of AI. Humans make mistakes, but machines don’t if they are programmed properly. The chance of reaching accuracy with a higher degree of precision is what makes AI stand out. According to a report, almost 400,000 Americans die each year because of medical mistakes. AI has the capability to reduce this number significantly, providing doctors with accurate medical history of every patient.
2. Enable difficult exploration
   Artificial intelligence is being applied in various studies such as exploration of space. Intelligent robots that are fed with information can be sent to explore space, where getting the same things done by human can expose risk to him. With metal bodies, robots would have greater ability to endure the space and hostile atmosphere. They don’t get breakdown or disfigured in the hostile environment.
3. Personal assistants
   We all know about Cortana, Siri, and Google Assistant. They can tell a joke, set an alarm, take a selfie or make a note. When it comes to business environment, there is a need of business assistants, who can schedule a meeting and do a lot more. In fact, we have already been using artificial intelligence and machine learning in our day to day life. Just think about typing suggestions that you get while working with WhatsApp and other apps. This is machine intelligence (natural language processing) in day to day life and at work. AI powered chatbots that are deployed on Messenger, Slack, and Telegram can assist customers in solving their queries and offer product recommendations.
4. Fraud detection
   Artificial intelligence is widely used by financial institutions and banking institutions to organize and manage data. Smart card based systems use artificial intelligence to detect and prevent frauds.

Conclusion:

Artificial intelligence and robotics will not only change the way we think or live, but also discover new horizons, whether the ocean or the space. By understanding this probable happenings, forward-thinking businesses have already been building AI solutions to achieve a first-mover advantage. This seems largely meaningful in every viewpoint in this competitive world.

Further Reading...

Has Artificial Intelligence Come for The Artists?

How is AI Helping to Transform Software Testing Process?

What Is The Difference Between Deep Learning, Machine Learning and AI?