How Artificial Intelligence is changing our world

 

Artificial Intelligence (AI) becomes an important part of our lifestyle. While human beings feel tired after a few hours, AI can work 24X7, they can work at a go for a longer period. Choice-making, trouble solving, perception, and verbal exchange in any language, all made possible through AI.

Today, Artificial intelligence has come in every sector, the size of the organizations doesn’t matter for the AI. It’s nearly everywhere right now, at work, at home, in our cars, on our phones and computers, every industry takes the help of AI to move ahead.  Automotive, e-commerce, healthcare, economy, and entertainment, no sector is left behind to take assistance from AI. 

What is Artificial Intelligence,

Artificial Intelligence (AI) is the machine-displayed intelligence that simulates human behavior or thinking. It is associated with machines and computers to help humankind solve problems and facilitate working processes. AI is a combination of Machine Learning techniques and Deep Learning. AI models that are trained using vast volumes of data have the ability to make intelligent decisions. In short, it is an intelligence designed by humans and demonstrated by machines.

There are two types of AI, according to its functions and abilities. The first is weak AI, also known as narrow AI that is designed to perform a narrow task, such as facial recognition or Internet Siri search or self-driving car. Whereas, strong AI or artificial general intelligence (AGI) which is the speculative intelligence of a machine that has the capacity to understand or learn any intelligent task human beings can, thus assisting humans to unravel the confronted problem.

AI Facts and Figures,

According to Statista, revenue from the artificial intelligence (AI) software market worldwide is expected to reach 126 billion dollars by 2025.

As per Gartner, 37% of organizations have implemented AI in some form. The percentage of enterprises employing AI grew 270% over the past four years.

According to Servion Global Solutions, by 2025, 95% of customer interactions will be powered by AI.

A recent 2020 report from Statista reveals that the global AI software market is expected to grow approximately 54% year-on-year and is expected to reach a forecast size of  USD $22.6 billion.

Real world applications of Artificial Intelligence?

AI in healthcare,

AI is revolutionizing the overall healthcare sector.  AI applications are used in healthcare to build sophisticated machines that can detect diseases and identify cancer cells. Artificial Intelligence can help analyze chronic conditions with lab and other medical data to ensure early diagnosis. AI uses the combination of historical data and medical intelligence for the discovery of new drugs. AI is breaking into the healthcare industry too by assisting doctors to diagnose, finding the sources of diseases, suggesting various ways of treatment, performing surgery and also predicting if the illness is life-threatening.

Using artificial intelligence and automation, hospitals and healthcare service providers have increased capacity and performed more with the limited workforce they have. A recent study by surgeons at the Children's National Medical Center in Washington successfully demonstrated surgery with an autonomous robot. The team supervised the robot to perform soft-tissue surgery, stitch together a pig's bowel, and the robot finished the job better than a human surgeon, the team claimed. It demonstrates robotically-assisted surgery can overcome the limitations of pre-existing minimally-invasive surgical procedures and to enhance the capacities of surgeons performing open surgery.

AI in Law,

AI can scan legal papers, examine documents, and scan massive amounts of data. According to Forbes, AI will help with client interview sessions. People are more honest with a computer since it isn’t judgemental.

Litigators perform due diligence with the help of AI tools to uncover background information, which includes contract review, legal research and electronic discovery in this section.  An AI software generates results that forecast litigation outcomes. AI helps lawyers  to analyze all data points from past case law, win/loss rates and a judge’s history to be used for trends and patterns. On the other hand,  AI tools guide lawyers in analyzing large IP portfolios and drawing insights from the content.

AI in agriculture,

The Agriculture sector is the foundation of the world’s economy and with the increasing population, the world will need to produce 50% more food by 2050. AI-enabled technologies can help farmers get more from the land while using resources more sustainably.

Artificial Intelligence is used to identify defects and nutrient deficiencies in the soil. This is done using computer vision, robotics, and machine learning applications, AI can analyze where weeds are growing. AI bots can help to harvest crops at a higher volume and faster pace than human laborers. AI in farming gives growers a weapon against pests.

Companies like Blue River Technology and Harvest CROO Robotics are making such robotics machines that can control unwanted crops or weeds and help farmers in picking or packing of crops with higher volumes.

AI in education

Today, artificial intelligence is playing a vital role in education. Now,  teachers can make digitized content like video lectures, conferences, and text book guides by using Artificial Intelligence, which makes teaching and learning more comfortable for them and their students.

AI powered apps offer tailored teaching and fast feedback to pupils. This sort of technology also allows students to access any program at any time. Almost anybody with a computer will be able to participate in higher education. Students now have a better chance of updating their skills with AI-powered training sessions. We can apply different interfaces like animations and learning content through customization for students from different grades. Artificial Intelligence helps create a rich learning experience by generating and providing audio and video summaries and integral lesson plans.

AI in Manufacturing,

Around 60% of manufacturers are using AI to reach better speed and visibility across their supply chain, improve product quality, and optimize inventory management advanced technology is rapidly being used for everything from manufacturing automation to secretarial tasks.

From quality assurance to supply chain efficiency,  AI helps every sphere of manufacturing. Unlike human employees, machines can work around the clock without needing sleep. This means the production line can be working 24/7, expanding the production capabilities to meet increasing customer demands.

Robots are indeed in use in the manufacturing industry. According to an IFR report from 2020, there were a total of 2.7 million industrial robots working in manufacturing plants across the world in 2019, with a latest study showing an increased need for automation in manufacturing operations.

AI-powered robots are mostly used to relieve employees of tedious and repetitive jobs. They can also open up new avenues for scalability work, such as assembly line work, for example. Raw - materials management, soldering, machining, and wrapping.

Above all, we see the high-profile examples of AI including autonomous vehicles (such as drones and self-driving cars), medical diagnosis, creating art, playing games (such as Chess or Go), search engines (such as Google search), online assistants (such as Siri), image recognition in photographs, spam filtering, predicting flight delays…etc. All these have made human life much easier and convenient that we are so used to them and take them for granted. AI has become indispensable, although it is not absolutely needed without it our world will be in chaos in many ways today.

Image source: Getty images