Today, the popularity and function of Artificial Intelligence (AI) is something that everyone should consider because it is what makes improvements occur in key areas of human and technological development.
What is Artificial Intelligence (AI)?
AI or artificial intelligence is the ability of a system or a program to think and learn from the experience. These applications keep evolving over the past few years and now, you can find inputs from AI technology in every business sector.
This AI is the machine-displayed intelligence that simulates human behavior or thinking. They also help to solve challenges that would have taken considerable effort to solve. These use huge amounts of data and they have the ability to make an intelligent decisions.
Read on to find the top 10 Artificial Intelligence (AI) applications in today’s world.
1. AI application in e-commerce
- Fraud prevention
In personalized shopping, AI technology is important for creating recommendations by merchants as they engage with their customers. AI makes use of browsing history, preferences, and interests. In this case, AI enables better relations between merchant and customer.
That’s for personalized shopping. In the case of Assistants, these include virtual assistants and chatbots that help to improve the user experience while shopping online. Virtual assistants speak like humans because they use Natural Language Processing. They are often good at speech, and many people have gotten used to listening to them.
AI technology can also help fight against fraud and fake reviews as these are issues affecting e-commerce. AI considers usage patterns in helping to reduce the possibility of credit card fraud. The technology also helps people who rely on online reviews in order to buy products to avoid being scammed through fake reviews.
2. AI Applications in Education
- Administrative tasks
- Smart content creation
- Voice assistants
- Personalized learning
The educational system has evolved in so many ways. We consider four areas that are very important. First, it is important to note that this AI technology has brought much productivity to the sector. Students now benefit a lot, in more ways than office workers do when it comes to this technology.
The first area we want to examine is the administrative tasks that are meant to aid educators. It helps them to facilitate and automate personalized messages and send them to students. It makes possible the digitization of content such as video lectures, conferences, and textbooks – all of these made by AI technology. Students from different grades can enjoy the learning process when applied to different interfaces such as animations, and content customized for students from different grades.
Parts of what students enjoy include:
- Audio summaries
- Video summaries
- Integral lesson plans
Voice assistants help students to get extra benefits without the direct intervention of teachers. This helps students to minimize costs associated with handbook printing, while the students get the answers to questions very easily.
More importantly, AI technology can be used to monitor students’ data thoroughly in a way that people can’t manually monitor them. AI tech is able to manage the following data effectively:
- Students’ habits
- Lesson plans
- Study guides
- Flash notes
- Frequency or revision
3. AI Applications in Lifestyle
- Spam filters
- Autonomous vehicles
- Facial recognition
- Recommendation system
We move on now to check out how Artificial Intelligence affects our lifestyle. Take for instance the vehicles we use every day. Top automakers have mastered the art of using AI to train computers to think and evolve like humans. The benefits can be seen when you drive in any environment. The AI technology in cars and trucks can help you find the way, can detect objects, and avoid accidents.
The use of AI in spam filters also has its benefits. When using emails on the internet, most of us get blown away by a mass of unsolicited emails. Spam filters help us to avoid looking through every email to know the ones we need and the ones we should delete. When you use a filtered email inbox, you are more productive, as the junk materials have been omitted for you.
In addition to that, facial recognition helps us to secure our smartphones, laptops, and PCs. People use face filters to detect and identify the users and to get access to devices. Several industries are making use of this technology for security-related issues.
Finally, in the lifestyle section, we are happy that when we use the internet, it helps us to see the content we love first. Websites and social media sites can often push content that we love to us first as we log in.
It is known as GPS technology. This technology provides users with detailed information to improve safety. It makes use of Convolution Neural Network and Graph Neural Network to make things easier for users. This AI technology is so effective that it can detect road lanes and road types behind obstructions. Uber and other transport services make use of this technology to optimize routes they ply every day. In a nutshell, AI application in navigation is vital for the following three reasons:
- It helps logistics companies to improve operational efficiency
- They can analyze road traffic
- They can optimize routes
5. AI Applications in Healthcare
The healthcare sector has found different uses for AI technology. In this industry or sector, they can be used to build sophisticated machines that can easily detect diseases and identify cancer cells in the bodies of humans. It has been a major relief as many types of diagnosis is now made simple. AI technology can also help to identify chronic conditions that were hard to detect decades ago. It uses lab and other medical data to ensure that a number of diseases are detected early and tracked down. Yet, it does more. Now, it is easy to use historical data and medical intelligence for discovering new drugs.
6. AI Applications in Agriculture
- Improves the food and agriculture sector
The technology is being used to detect defects and nutrient deficiencies in the soil. Computer vision, robotics, and machine learning applications are needed to analyze where weeds are growing. AI bots also help in harvesting crops at a faster pace, thereby increasing the volume of output. While the farmer is sleeping, the technology is working to detect any anomalies that could occur on the farmland. AI bots are reputed to be better farmworkers than humans. AI technology is effective in the following ways:
- Enhanced crop production
- Improved real-time monitoring
In the case of social media, we take a look at three social media sites. Let’s start with Facebook. On this platform, AI is used with a tool known as DeepText. It helps Facebook to understand conversations better. That’s why the platform can automatically translate multiple languages easily.
As for Twitter, the platform uses AI to detect fraud. It serves as the best means to remove propaganda, hateful speech, and other negativities. The platform also makes use of AI technology to recommend tweets that users may like, tailored to that person’s already saved interests.
Instagram uses AI to check the accounts a user follows, and it also considers what each user likes in determining what posts are shown on a user’s explore tab. That helps in bringing the right type of information right in front of the consumer. No need to search for deep information when your platform knows just what you need and is ready to bring it to you.
8. AI Applications in Marketing
- Personalized ads
- Routine tasks
- Optimize marketing campaigns
There different ways that are AI technology is being used in the marketing domain. As the years go by, it becomes more popular because of improvements made in the field of marketing. Take for instance the issue of personalized ads. Marketers can use the technology to deliver highly targeted and personalized ads with the help of various tools such as behavioral analysis, pattern recognition, and others like these.
It is also useful in retargeting audiences at the right time, ensuring better results and reduced distrust and annoyance towards the advertiser. AI also ensures that content marketing is used in a manner that matches a brand’s style and voice. It is known to be useful for the following routine tasks:
- Campaign reports
There are also chatbots that are powered by AI in three ways:
- Natural Language Processing
- Natural Language Generation
- Natural Language Understanding
This AI technology is able to analyze a user’s language and respond just like normal humans. The technology is able to provide users with real-time personalization based on their behavior. It can also be used to edit and optimize marketing campaigns so that they can conform to local standards.
9. AI Applications in Finance
The commercial systems for banks worldwide have come to recognize the importance of accomplishing positive things with the use of AI technology. Though not all the commercial banking systems worldwide are fully in agreement that the technology can help them do better and achieve more, a growing number of these platforms continue to rely on it for delivering better services. AI is effective in three main areas:
- Personal finance
- Corporate finance
- Consumer finance
In these ways, making use of AI technology has greatly improved a wide variety of financial services in the sector. Information can reach interested subscribers automatically, and at the right time. For instance, customers that are looking for more information on a particular product in the financial world can get the information that they need through various forms such as:
- Online chat
- Voice chats
All these and more could be AI-powered. Helping to detect changes in transaction patterns has also helped many banks to foil fraud online. AI is very effective at locating red flags and dealing with them. It is a much better way than using humans to detect these red flags that may signify fraudulent activities. Apart from saving banks and other financial institutions from great losses each year, AI helps them to perform better than could ever hope to achieve. The technology also helps loan companies to better predict and assess loan risks.
10. AI Applications in Gaming
- Director AI
- Alien AI
This list will not be complete if I didn’t mention this part. One of the sectors that is enjoying AI most at this time is the gaming industry. Remember that a human player can have multiple forces playing against in a game online. That is made possible through AI technology. The technology makes use of smart, human-like NPCs to interact with the players.
Also, AI can predict human behavior and use it to improve game design. Some games now use AI to stalk players throughout a game session so that information regarding player behavior can be collected. For instance, Director AI is being used to know the player’s location, while the Alien AI uses sensors and behaviors to continually hunt the player.
Facts about AI that you should know
You can judge by these figures whether AI is making progress or whether it is stalling. Check each of them out carefully.
- Revenue from the AI software market is expected to reach 126 billion dollars in 2025 – Statista
- The global AI software is expected to grow approximately 54 percent year on year and may reach $22.6 billion – Statista
- By 2025, 95 percent of customer interactions will be powered through AI technology – Servion Global Solutions
- 37 percent of organizations have implemented AI in some form. The percentage of these enterprises grew 270 percent over the past four years – Gartner`
Artificial Intelligence (AI) is the means by which tech enthusiasts help the human race to solve complex problems. Another way it brings many advantages to the world is through revolutionizing the industries so that end-users of products and services can enjoy better than they did in the past.
The list you see above is not an exhaustive one. I have tried to enumerate only the best ways in which AI is being used in the world we live in today. There are still areas where the technology can be used more efficiently than it is being used today. As the years go by, AI will keep making living better for most of us who depend on it every day.