Why is Artificial Intelligence becoming important for the future?

Shivam VermaShivam Verma 19 Jan, 2022
3 min read
Artificial Intelligence

Artificial Intelligence has for long captured our fantasies on how the future of the world would be. AI, robots, smart devices, were once an object of imagination which have now taken a form in reality. AI is nothing but mimicking human intelligence in machines. It might sound spooky, but the advantages of this are incomparable.

Right now AI is still in its infant stage, with its application in face recognition, speech detection, autonomous cars, and smart shopping portals with recommendation engines. AI holds high importance as it is the base of computer learning. The ability of computers to leverage tons of data to make decisions and find discoveries at the fraction of time as done by humans is why AI can change the future for good.

Transportation

Transportation

AI has entered the sphere of self-driving cars. It will soon become a reality when we will not need anyone to drive the cars and commute to wherever we want. The technology will lead to lesser road traffic, lesser accidents, and more efficiency of fuel be it run through batteries.

Medical

Medical

The potential of using AI in the medical and healthcare industry is limitless. By leveraging the data from patients across the world, medicinal predictions can be made easy. AI has also proven to be more efficient than many top-class physicians in certain diagnostic contexts.

Cyber Security

Cyber Security

Business leaders are always worried about the cyber security aspect of the data of their organization since everything has moved digitally. This is where AI and machine learning come to play, which already has been making ripples in this field, by being able to detect fraud and threat attacks and be able to nullify them. The very big application of AI in cyber security is in the world of finance.

E-Commerce

E-Commerce

AI is set to play a huge role in the eCommerce shopping industry in every aspect of the consumer buying journey right from marketing to recommendation engines to the chatbot to fulfillment to distribution. This is just the tip of the iceberg to what technical aspects of online shopping can be touched. AI has a lot more to offer like warehouse automation through robots.

Also Read – How Artificial Intelligence Benefits the Fashion Industry?

Customer Service

Customer Service

Alexa and Google AI Assistant are already doing it, right from finding you a song to play to ordering your pizza through voice to booking your appointment with the dentist. AI has truly shown how it can make the day-to-day lives of people simpler and easier.

Finance

Finance

It has already started to happen, the decision of giving loans is now made by AI, which is beyond the scope of credit score and background check. AI is now making personalized investment portfolios. Hugh frequency trading in the stock market is now done by machines by replacing humans. The ability to predict the nature of an investment over years can be more efficiently done by machines.

Criminal Justice

Criminal Justice

Recently the police of Chicago have developed a strategic system that predicts the people who can become potential perpetrators of law and order. This is determined by the thorough analysis of their age, criminal activity, association with gangs, and drug records. This will help them in stopping the crime that has to happen in the future. Another great usage of AI that countries are having in criminal justice is the automation of surveillance. There are automated systems that can identify which vehicle has broken the traffic rule, and by reading their license plate, an automated fine can be sent to the address of the owner of the vehicle.

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