Artificial intelligence (AI) refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions. The term may also be applied to any machine that exhibits traits associated with a human mind such as learning and problem-solving.
The ideal characteristic of artificial intelligence is its ability to rationalize and take actions that have the best chance of achieving a specific goal. Some of Artificial Intelligence Advantages are :
Reduction in error
Machines take precise decisions dependent on the past data that they accumulate after some time while applying certain algorithm sets. Therefore, there is a decrease in mistakes and a spike in inexactness.
This is the reason the adoption of artificial intelligence in various areas has shot up. When you can invalidate human mistakes totally, you get exact outcomes. The catch is, to program appropriately.
Always available
Clearly, machines don’t get drained. Machines can work unendingly without breaks and don’t get exhausted doing likewise more than once, in contrast to a human.
An Average human will work for 4–6 hours daily, excluding the breaks. Humans function in a way to get a break for refreshing themselves and prepare for another day of work. Besides, a weekly off is essential for people to remain unblemished with their work-life and individual life.
Handling repetitive jobs
We usually perform many repetitive jobs in our daily work routine like verifying certain documents, sending an email, marking a meeting on the calendar, etc. Using artificial intelligence, we can productively automate these tasks and free humans for increasing creativity. These repetitive works can easily be handled with the help of AI algorithms.
Machine intelligence can be employed to perform various difficult tasks much faster than humans and can perform multi-tasking to achieve the best results.
No risks
We can handle many risky limitations of humans by developing an AI robot that can perform risky operations for us. Tasks that can pose a danger to humans can pay off nicely when machines are put into work.
AI can predict natural calamity, which in return, eases the pressure on humans and provide more accuracy in pinpointing technical details when compared against traditional manual methods.
Digital Assistance
Some progressive organizations highly support the usage of digital assistants to interact with users that saves the need for human resources. One can have a chat with them about what we are looking for. Some digital assistant systems are designed in a way that it becomes difficult to determine if we are chatting with a human or a chatbot.
Industries to be Affected by Artificial intelligence
Artificial intelligence is evolving at a much greater pace and in the years to come, it’s is expected to impact many other industries as well, which may include fashion, agriculture, Education, Manufacturing, and more.
In upcoming years, Artificial technology is emerging at a rapid rate and soon it will have a positive effect on various business sectors.AI has become a game-changer for global business sectors by producing innumerable ways of possibilities. Due to the integration of AI in various sectors, the chances of improvement in the global economy has also been increased. Apart from the introduction of AI in various sectors, some of the business niches still suffer in choosing the correct AI application for their organization which can help them to generate positive ROI. Various industries will be affected by Artificial Intelligence in many ways. The top 5 trends to be watched out in 2020 are discussed below.
More Accurate and Less Costly Healthcare
Artificial Intelligence has already entered the healthcare sector and it has been and will continue to revolutionize this sector. Undoubtedly, AI can bring life-changing experiences for patients in both mental and physical ways. Currently, AI is the healthcare sector that is limited to categorizing the patient’s data only. John Frown felters, Chief Medical Information Officer stated that, with the deep use of machine learning and big data, AI in healthcare has been evolved to higher levels. With the invention of virtual nursing and administrative workflow assistance, AI is emerging at a rapid pace in American Healthcare industries.
Now with robot-assisted surgeries, surgeons can make more precise incisions and can also save time during surgery. IBM Watson and many other applications have already proven to be good for rare disease diagnostic and curing common health problems faster than doctors. Moreover, DreMed has been used by many individuals for the treatment of diabetes, based on their gender, age, diet plant. In the upcoming years, robot-assisted surgeries will be helping US healthcare industries to save approximately $40 million every year.
Agriculture
The vice president of Intel AI stated that very soon the agriculture industry will be completely transformed by Artificial Intelligence and the AI tools will be helping farmers to get most of the profit from every acre of their farm. Since the population is growing at a rapid rate and on the other hand, the natural resources are degrading day by day. So in the future, we have to produce more with less available resources. Apart from the improvement in quantity, the quality of farm products has also been improved by AI. If we look at the agriculture industry, AI has already dominated it with major benefits.
Beginning from robots that were used to spray the exact amount of herbicides and pesticides on weeds, to the introduction of harvesting robots in the agriculture industry, that can do the work of around 30 farmers in a single day, the agriculture industry has come so far. To supervise and improve the health of crops and soils, various applications are being upgraded. Moreover, various models integrated with machine learning are on their way which will be helping in predicting the impact of environmental changes on crop yields. AI is planning to develop special drones, that will help farmers to improve the quality of crop yields. Undoubtedly, the opportunities of AI in the agriculture field are massive, and in the future, the world will experience an extensive growth of yields annually.
Fashion
retailers are slowly realizing the importance of their customers and dedicated followers, and they are planning to get on with Artificial Intelligence for the improvement of their business. They are now believing that AI has the potential to revolutionize and entirely transform their business. Some AI-enabled gains could be observed in the processes that power the fashion zone, with smart technologies powering greater velocity, decrease fee, and extended flexibility at each degree of the delivery chain. Ai has the capacity to power upgrades in regions such as forecasting, capability making plans, and vending, as well as in production automation and delivery. Customers may be the ultimate beneficiaries, playing advanced product availability and extended success. The fashion zone, with its tremendous depth of customer and marketplace insight, has got the right of entry to a number of the most important statistics sets in all commercial enterprises. And, while a few style executives are uncomfortable with the suggestion that an industry built on creativity and imagination may be digitized or computerized, this can be said to overlook the point. The promise of AI for fashion outlets that can marry creativity with digital innovation has a powerful aggressive area.
Education
With some advanced and latest features like online lectures & classes, an automated grading system, Artificial Intelligence has made learning more easy and more fun for students. Various applications have been developed by AI for the education sector that has improved and personalized the academic domain in many ways. Some of the institutions have been advanced with AI that allows their students to submit assignments online, conduct online researches, and even attend classes also online. Books have been replaced by smart devices and classes have been turned in to smart projector classes. The fact that still there are some, who cannot attend educational institutions regularly and online lectures help them to get knowledge. Some of the institutions believe that technology can be a distraction in the education world, whereas some believe that AI technology can boost up the academic world.
Manufacturing
The robots that are going to replace human labor in the manufacturing industries due to their improved efficiency and productivity for producing more accurate and perfect products, clear the fact that the scope of Artificial Intelligence in the manufacturing industry is bright. There are several major changes have been seen in the manufacturing industry which have been proven to be beneficial in various domains. The robots that are going to be introduced in the manufacturing industries will be producing more accurate results without needing any programming, this means that the advantages that AI has for the manufacturing industry cannot be ignored. A computer science professor at Stanford University reported that very soon “AI will be shortening the designing time and reduction of material waste, which will surely improve the production of manufacturing business niche. Being energy-efficient and cost-saving, AI will continue to grow in the manufacturing sector by producing high-quality material in reduced time.
Conclusion
Some companies still believe AI to be tricky and gimmicky. Due to this, they have limited the use of AI to a chatbot assistant only. Along with automation of operations, in 2020 the plain precedence might be located on handling the relative lack of seasoned AI specialists (as overseers and instigators of company AI strategies) for lease and handling the issues of information quality and possession. The issues of algorithmic bias and non-transparency need to be solved too on the way to effective mass Artificial Intelligence adoption in the enterprise.