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  • Artificial Intelligence and its Advantages

Artificial Intelligence and its Advantages

  • Posted by Admin
  • Categories Blog
  • Date October 22, 2019
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Most of the ​​examples you hear about artificial intelligence in today’s world (from computers playing chess to self-driving cars) rely heavily on deep learning and natural language processing.

Artificial Intelligence (AI) enables machines to learn from experiences, adapt to new inputs, and perform human-like tasks. Most of the ​​examples you hear about artificial intelligence in today’s world (from computers playing chess to self-driving cars) rely heavily on deep learning and natural language processing. Using these technologies, computers can be trained to perform specific missions by processing large amounts of data and detecting patterns in the data.

artificial-intelligence

History of Artificial Intelligence

The roots of modern Artificial Intelligence, or AI, can be traced back to the classical philosophers of Greece, and their efforts to model human thinking as a system of symbols. More recently, in the 1940s, a school of thought called “Connectionism” was developed to study the process of thinking.

The term Artificial Intelligence was first introduced in 1956, but artificial intelligence (AI) has become more popular today thanks to increased amounts of data, advanced algorithms, and improved computing power and memory.

artificial-intelligence

Early research in the field of AI in the 1950s included topics like problem-solving and symbolic methods. In the 1960s, the US Department of Defense became interested in this field and began training computers to imitate human reasoning. For example, the Defense Advanced Research Projects Agency (DARPA) completed street mapping projects in the 1970s. DARPA produced Smart Personal Assistants in 2003, long before Siri, Alexa, Google Assistant, or Cortana were widely available.

This early work paved the way for the formal automation and reasoning we see in today’s computers, which include decision support systems and intelligent search systems that can be designed to complement and enhance human capabilities.

While Hollywood movies and science fiction novels portray AI as human-powered robots that dominate the world, the current evolution of AI technologies is not so scary and that smart. Instead, AI has provided many special benefits in all industries.

What is Artificial Intelligence?

AI automates repetitive learning and discovery through data, but AI differs from hardware-based robotic automation.

AI adds intelligence to existing products. In most cases, AI will not be sold as a stand-alone tool. Instead, the products you are currently using will be improved with AI capabilities, much like the addition of Siri as a feature to the new generation of Apple products.

AI adapts through continuous learning algorithms so that data can do programming. AI discovers the structure and order of the data to let the algorithm acquire a skill.

AI analyzes more and deeper data using neural networks with many hidden layers. You need a huge amount of data to teach deep learning models because they do the learning directly from the data. The more data you can feed them, the more accurate they become.

AI reaches incredible accuracy through deep neural networks, something that was impossible in the past. For example, your interactions with Alexa, Google Search, and Google Photos are all based on deep learning – and they become more accurate as we use them more.

AI gets the most out of data. When the algorithms are self-learning, the data itself becomes intellectual property. Answers are in the data; you just need to apply AI to extract them.

artificial-intelligence

Different applications of artificial intelligence

Artificial Intelligence (AI) is playing a major role in the fourth industrial revolution and we are seeing a lot of evolution in various machine learning methodologies. AI techniques are applicable in all industries:

Health

AI tools can provide personalized medicine and X-ray readings. Personal health care assistants can act as life coaches and remind you to eat, exercise, or eat healthier.

Manufacturing

AI can analyze factory IoT data as it streams from connected equipment to forecast expected load and demand using recurrent networks, a specific type of deep learning network used with sequence data.

Retail

AI provides virtual purchasing capabilities that provide the customer with personalized advice and discuss various purchasing options.

Sport

Coaches can use AI to record computer game images and provide reports on how to better organize the game, including field situations and strategy.

Banking

Artificial Intelligence enhances the speed, precision, and effectiveness of human efforts.

artificial-intelligence

How does AI work?

Artificial Intelligence works by combining large amounts of data with intelligent algorithms and fast and repeated processing so that software can automatically learn from patterns or capabilities in the data. AI is a range of studies covering many theories, methods, and technologies, as well as major areas:

  • Machine learning automates analytical model building
  • A neural network is a type of machine learning that is made up of interconnected units (like neurons), which processes information by responding to external inputs, relaying information between each unit.
  • Deep learning uses massive neural networks with multiple layers of processing units and takes advantage of progress in computing power and improved instructional techniques to learn complex patterns in large amounts of data.
  • Cognitive computing is a subfield of AI that strives for natural, human-like interaction with machines.
  • Computer vision uses pattern recognition and deep learning to identify what is in an image or video.
  • Natural Language Processing (NLP) is the ability of computers to analyze, understand, and produce human language, including speech.

In summary, the goal of AI is to provide software that can reason input and explain output. AI will provide human-like interactions with software and offer decision support for specific tasks, but it’s not a replacement for humans – and won’t be anytime soon.

https://www.sas.com/en_us/insights/analytics/what-is-artificial-intelligence.html

 

Tag:applications industry, artificial intelligence, banking, computers, computing, health

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