From Russian President Putin to 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 humans, and work like humans (faster than humans), without requiring human intervention. AI uses a very complicated mixture of computer science, mathematics, and other complex sciences.
Don’t think that AI is just about robots who can act like a human. AI can be in any form, it can be software or an integrated application solution. So there is an increased number of mobile app development companies in India, the USA, and other technology services companies adding artificial intelligence to their service portfolio to leverage the first-mover advantage.
Discussions around artificial intelligence are heating up. Some industry leaders regard it as a bane, while
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 humans. 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 histories of every patient.
2. Enable difficult exploration
Artificial intelligence is being applied in various studies such as the exploration of space. Intelligent robots that are fed with information can be sent to explore space, where getting the same things done by humans can expose risk to them. With metal bodies, robots would have a greater ability to endure space and hostile atmospheres. They don’t get a breakdown or disfigured in a 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 the business environment, there is a need for 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 fraud.
Artificial intelligence and robotics will not only change the way we think or live but also discover new horizons, whether the ocean or space. By understanding these probable happenings, forward-thinking businesses have already been building AI solutions to achieve the first-mover advantage. This seems largely meaningful in every viewpoint in this competitive world.