Artificial Intelligence: Future Applications, Advantages And Disadvantages

Artificial Intelligence

From way back, people dreamed of machines being like humans, so they can help them in different places of life. Even before computers and the internet is so popular. One of the best examples is the Terminator movie, that have made the robotic machine very powerful and clever to find certain human beings and kill them. Then after that movie, many other movies came and coming to reflect the idea of clever machinery or robots . That is on the way how people think about it, there is other people who have started long back thinking and using some sort of it, to be accurate in the industry revelation. They made the machines to help them produce more in the factories. Fortunately, this idea went very well, and people till now, use the programmed machines to produce very fast and in the large amount.

What is artificial intelligence?

The theory and development of computer systems able to perform tasks normally requiring human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages.

AI can be achieved by reading the behavior of humans and using the outcome to develop intelligent systems. For example, how they learn, decide and work in certain situations. In simple works observing humans while problem-solving and using its results to develop intelligent systems.

Understanding Artificial Intelligence

When most people hear the term artificial intelligence, the first thing they usually think of is robots. That’s because big-budget films and novels weave stories about human-like machines that wreak havoc on Earth. But nothing could be further from the truth.

Artificial intelligence is based on the principle that human intelligence can be defined in a way that a machine can easily mimic it and execute tasks, from the most simple to those that are even more complex. The goals of artificial intelligence include learning, reasoning, and perception.

As technology advances, previous benchmarks that defined artificial intelligence become outdated. For example, machines that calculate basic functions or recognize text through optimal character recognition are no longer considered to embody artificial intelligence, since this function is now taken for granted as an inherent computer function.

AI is continuously evolving to benefit many different industries. Machines are wired using a cross-disciplinary approach based in mathematics, computer science, linguistics, psychology, and more.

Categorization of Artificial Intelligence

Artificial intelligence can be divided into two different categories: weak and strong. Weak artificial intelligence embodies a system designed to carry out one particular job. Weak AI systems include video games such as the chess example from above and personal assistants such as Amazon’s Alexa and Apple’s Siri. You ask the assistant a question, it answers it for you.

Strong artificial intelligence systems are systems that carry on the tasks considered to be human-like. These tend to be more complex and complicated systems. They are programmed to handle situations in which they may be required to problem solve without having a person intervene. These kinds of systems can be found in applications like self-driving cars or in hospital operating rooms.

Why does artificial intelligence matter?

Artificial intelligence (AI) makes it possible for machines to learn from experience, adjust to new inputs and perform human-like tasks. Most of AI examples that you hear about today, from chess-playing computers to self-driving cars rely heavily on deep learning and natural language processing. Using these technologies, computers can be trained to accomplish specific tasks by processing large amounts of data and recognizing patterns in the data.

Today, Artificial Intelligence is a very popular subject that is widely discussed in the technology and business circles. Many experts and industry analysts argue that AI or machine learning is the future – but if we look around, we are convinced that it’s not the future – it is the present.

With the advancement in technology, we are already connected to AI in one way or the other – whether it is Siri, Watson or Alexa. Yes, the technology is in its initial phase and more and more companies are investing resources in machine learning, indicating a robust growth in AI products and apps in the near future.

The following statistics will give you an idea of growth!

• In 2014, more than $300 million was invested in AI startups, showing an increase of 300%, compared to the previous year.
• By 2018, 6 billion connected devices will proactively ask for support.
• By the end of 2018, “customer digital assistants” will recognize customers by face and voice across channels and partners.
• Artificial intelligence will replace 16% of American jobs by the end of the decade.
• 15% of Apple phone owners’ users use Siri’s voice recognition capabilities.

Unlike general perception, artificial intelligence is not limited to just IT or technology industry; instead, it is being extensively used in other areas such as medical, business, education, law, and manufacturing.

Applications of artificial Intelligence:

• Gaming: Artificial intelligence provides an opportunity for game developers to create unique experiences for players because AI can learn, it means every player can get a unique outcome in games that use advanced AI. This makes a game highly marketable and more likely to be bought, netting profits for companies.
• Natural Language Processing: Able to communicate with computers that understand humans using natural language.
• Expert Systems: There are a few applications that incorporate machines, programming and some special data to confer thinking and prompting. They give clarification and exhortation to the users.
• Vision Systems: These types of systems are able to understand, interpret and grasp visual input on the computer (Example: a spying plane or drone takes pictures, which are utilized to make sense of spatial data or guide of the zones and areas).
• Speech recognition: You will find some systems which are able to understand the language which is used by humans and talk to them. They can even understand the slang, background noise, etc.
• Handwriting Recognition: This special software will be able to read the text written either by a pen or stylus on paper or screen respectively. It also understands the letter shapes and will convert it into editable text.
• Intelligent Robots: Robots are one of the best creation by humans. They can do multiple tasks within no time. Though they cannot be alternate to humans but are very efficient when doing any tasks. They are comprised of sensors that detect few physical data like light, heart, temperature, movement, pressure, etc.. just like humans. They also possess good processors and huge memory. The best part about these systems is that they are adaptable to the environment around them.

Future of artificial intelligence:

• Healthcare: In the comparatively AI-nascent field of healthcare, diseases are more quickly and accurately diagnosed, drug discovery is sped up and streamlined, virtual nursing assistants monitor patients and big data analysis helps to create a more personalized patient experience.
• Transportation: Although it could take a decade or more to perfect them, autonomous cars will one day ferry us from place to place.
• Manufacturing: AI powered robots work alongside humans to perform a limited range of tasks like assembly and stacking, and predictive analysis sensors keep equipment running smoothly.
• Education: Textbooks are digitized with the help of AI, early-stage virtual tutors assist human instructors and facial analysis gauges the emotions of students to help determine who’s struggling or bored and better tailor the experience to their individual needs.
• Media: Journalism is harnessing AI, too, and will continue to benefit from it. Bloomberg uses Cyborg technology to help make quick sense of complex financial reports. The Associated Press employs the natural language abilities of Automated Insights to produce 3,700 earning reports stories per year, nearly four times more than in the recent past.
• Customer Service: Last but hardly least, Google is working on an AI assistant that can place human-like calls to make appointments at, say, your neighborhood hair salon. In addition to words, the system understands context and nuance.

But those advances (and numerous others, including this crop of new ones) are only the beginning; there’s much more to come — more than anyone, even the most prescient prognosticators, can fathom.

Advantages of artificial intelligence:

Artificial Intelligence is difficult for beginners yet it offers great opportunities for developing intelligent machines that can transform computer science on its head.

• Reduce human errors and perform various tasks with greater efficiency by using intelligent systems.
• Intelligent systems can perform daunting tasks that are beyond human reach. For example: exploring the ocean, performing a various hard laborious tasks with ease.
• With the help of artificial intelligence technology, one can develop digital assistants that reduce manpower. These assistants can perform tasks at amazing efficiency.
• Lots of applications have been developed using artificial intelligence. iPhones Siri and Microsoft Cortana developed on the phenomenon of artificial intelligence. These are interactive robots that help you access Smart phones (Digital Assistants).
• In the medical field, Radio surgery has been used for tumor treatments developed using artificial intelligence (Medical Applications).
• Use artificial intelligence and improve the productivity, efficiency and accuracy of your products, no breaks.

Disadvantages of artificial intelligence:

Artificial Intelligence looks promising and it’s quite futuristic. It’s being implemented slowly in many fields. There are many drawbacks of artificial intelligence, which are..

• Artificial intelligence is slowly making its way into real-time applications. AI offers great prospects but it’s really expensive. Small organizations can’t afford the High-end machines, software, resources required for implementing AI (High cost).
• Artificial intelligent systems might replace humans in performing tasks in terms of productivity, but they can’t take decisions. Robots can’t decide what is right or what is wrong.
• With intelligent systems, you won’t get creative with everyday experience. Humans tend to show creative ideas with everyday experience.
• Replacing humans with intelligent systems might increase unemployment.

Artificial intelligence is making its way into everyone’s life. AI promises to be a trend setter for new advancements that are occurring in the computer science industry. High expenses on research, systems, hardware might make it difficult for everyone to implement at full scale in our daily lives. Lot of research is going on in the field of AI to make it affordable.

Ethics of AI

AI has made human life easier. One of the important advantages, that it makes the production of many things faster and that in some how reduces the cost. Using AI in life is saving very much time and money. The AI machines can do effective work and can replace humans in dangerous places.

However, in the other side of the equation, there are some disadvantages of AI machines. First of all, they can be used in wars to kill human beings. Also in public, they replace workers and could increase the unemployment rates. In general, they can make people lazy to use their minds because they always depend on the machines to do for the

The solution is to make regulations that ensure that nobody uses the AI applications in the wrong way, or it will be a big problem, like what happened when the created the atomic bombs and used them in Japan.

Everyday AI Examples

With the popularity of AI-powered smartphones, it is unlikely that users are unfamiliar with how AI impacts everyday life. Artificial Intelligence is more than a buzzword and its impact is being witnessed across all facets of life. For instance, here’s an instance of a daily life example of Artificial Intelligence:

When surfing for music/videos on YouTube or watching a movie on Netflix, one can easily find ‘recommendations’ based on previous searches/playlists. This is the most basic use of artificial intelligence. Based on user search and usage behavior, AI detects a pattern and makes recommendations based on it. A strong AI application can make better recommendations that prompt further action, whereas a basic AI platform will make recommendations that compliments but do not fit the user’s needs. This is where an AI service provider can assist in building custom business-specific solutions.

And while that’s a very simple example of everyday uses of AI, there’s more than the deep tech is doing for personal lives and the business world.

So, let’s take a look at some of the ways Artificial Intelligence is changing real-life scenarios/activities?

AI used in transportation: Applications like Uber, Lyft, etc. are the best examples of the use of AI in commuting. Ridesharing and navigation apps use AI to update routes in real-time. Aside from using core A I for route selection, related deep tech, namely machine learning is used to further add value to the service such as calculating the estimated time of arrival.

Role of AI in e-commerce: If there is one sector where the latest artificial intelligence applications can be vividly seen and experienced, it is e-commerce. From Amazon to Ali baba, eBay, etc. the world of online shopping has taken a 360-degree turn with the onset of AI especially through AI in mobile applications. In this respect, interactions formed using NLP also contribute especially in voice search, spell check, setting filters, etc.

From conducting a quick, related search, to making product recommendations based on search patterns, to providing security from fraud (especially for payments), the implications of good AI have added value to the e-commerce sector to a great extent.

Real-world applications of AI in Healthcare: The healthcare sector is in need of a massive makeover. From towering medical costs to a lack of skilled resources, the healthcare industry is facing a wave of challenges and setbacks that can be reduced to a great extent with the application of artificial intelligence.

Artificial intelligence and machine learning solutions can be used to help pathologists make more accurate diagnoses, early detection of illnesses like cancer, etc., analyze tissue samples, facilitate patient record keeping, safeguard patient diagnostics and health details, streamline processes for payments, maintain schedules for medical professionals (namely doctors), etc. The daily applications of AI in the medical field, not only helps to save on time and money but also deliver timely and accurate results for faster treatment and decision making.

Finance, banking and insurance, and AI applications: AI-enabled systems and software serves as the backbone of the financial sector. Considering the level of security, accuracy, and efficiency the sector is required to maintain 24×7, Artificial Intelligence-powered robots are the perfect tool for the job.

Financial institutions are aggressively investing in AI, often by partnering with top AI solutions companies to build customized platforms to cater to their diverse needs. For instance, AI platforms and tools are being deployed to perform functions like recommending investment options for stocks and/or products, preventing online fraud, facilitating mobile check deposits, assisting loan approval processes and credit decisions, etc.

For instance, AI-powered chatbots using NLP, as a platform for initiating loan processing, are proven real-life use cases in the financial sector. In China, for instance, OCBC Bank’s chatbot Emma has been programmed to help users with all their queries related to loan processing, borrowing, etc. The contribution of Emma as a non-human tool is commendable considering that as per reports it has helped the bank by turning almost 10% of its interactions into loan applications.

AI in social media: How is everyday life improved with AI? The question can be answered at its best by considering the example of AI applications in social media. When using platforms like Facebook, for instance, AI-powered face recognition tools are employed; on Instagram, location-search is activated; in Snapchat, filters are used to track facial movements to add digital edits/masks, etc.

Why use AI in real life?

It goes without saying that regular human life is significantly impacted by artificial intelligence. From setting reminders to playing games to doing analytics, or using surveillance and maintaining a smart home, artificial intelligence is the non-human with a powerful impact on human life.

Of course, there are certain ways in which the level of dependency on AI is being questioned, one cannot deny the benefits it brings to the table.

We conclude that if the machine could successfully pretend to be human to a knowledgeable observer then you certainly should consider it intelligent. AI systems are now in routine use in various fields such as economics, medicine, engineering and the military, as well as being built into many common home computer software applications, traditional strategy games, etc.

AI is an exciting and rewarding discipline. AI is a branch of computer science that is concerned with the automation of intelligent behavior. The revised definition of AI is – AI is the study of mechanisms underlying intelligent behavior through the construction and evaluation of artifacts that attempt to enact those mechanisms. So it is concluded that it works as an artificial human brain that has an unbelievable artificial thinking power.