What is Artificial Intelligence or AI?
Artificial intelligence (AI) refers to the creation of smart software and hardware capable of replicating human behavior.
It belongs to computer science and is always of interest to the public. Also, it has been the central catalyst for sci-fi flicks for decades. Although the idea appeared in 1965, it has become a generic term for film directors and producers.
If you remember the American comedy sci-fi sitcom “Small Wonder”. The sitcom depicts an Android humanoid called V.I.C.I. (Vicky) lives with its robotic engineer family. Yes, this is a showcase of AI.
It has already made its presence in various industries and is expected to expand its reach in the consumer market within a few years. Also, restaurants are beginning to use robots for order processing and service. And, hospitals have begun implementing AI for data collection and surgeries. In the banking sector, AI is used to prevent fraudulent activity, strengthen security and improve the user experience.
Improved and flexible visual search
According to research by Janrain, 74% of online customers are annoyed with sites when they find inappropriate content. If the brand’s search function is not recalled, it will certainly disappoint the customer. Next, it is the increased bounce rate and initial site abandonment.
Thanks to Artificial intelligence in eCommerce that makes it competitive for eCommerce stores. Businesses of any size or budget can use it. Pinterest has introduced its latest update for the Chrome extension. It allows users to select a specific item in any of the online images and asks them to provide items that match the image recognition tool or software.
It’s not just about Pinterest, which introduced an AI-powered search engine for a better experience. Shoppers are often told that the latest software platforms that boost eCommerce stores are creating revolutionary visual search capabilities.
In addition to bringing the perfect matching products, AI enables shoppers to find complimentary items in terms of shape, size, color, fabric, and brand. These tools or software come with amazing visual capabilities. It first receives visual cues and when an image is uploaded. This can help shoppers find the exact product (s) they need.
Shoppers don’t have to buy anything before they see the item they want to get. Let’s take an example- you might prefer your friend’s new pair of Nike sports shoes or a new outfit. If you have visuals, AI allows you to find similar products on eCommerce websites.
This means that eCommerce stores can bring you relevant items through search capabilities powered by AI.
Interactive voice search
Having an attractive web page design is just half the job. It should include some functionality that is often needed by today’s technology users. Voice search is such an activity that takes the world by storm. It uses artificial intelligence to search for products or services with speech help.
By 2022, voice commerce sales will reach $ 40 billion. Although time is still experimental for such activities, brands are looking for ways to capitalize on it. Amazon, Apple, Google, and other voice-controlled assistants allow customers to buy for the best deals and online.
Google and Walmart have also agreed to a partnership, which allows you to remind Google Assistant to restock or rearrange products you previously purchased. According to your response, it will place an order on your behalf through Walmart.
Improves cybersecurity
In 2018, about 60 million Americans are affected by identity theft. Breaking cybersecurity and stealing customer data is not new. It has been around for decades. And, to detect or detect a breach, previous companies take 100 to 200 days.
Because eCommerce is a platform for storing customer information, hackers and cybercriminals are always looking for ways to steal that data. To prevent unauthorized access, AI and machine learning algorithms come together to reduce the chances of fraudulent activity.
It empowers the website to make real-time decisions along with risk scoring. And, it also does so by detecting microscopic patterns that are difficult for humans to detect. Because it has a consistent learning cycle, the software analyzes transactions to determine whether an authorized person is shopping on the site or conducting a transaction.
conclusion
AI has the potential to revolutionize the eCommerce field. Its effectiveness can already be felt as the sales process is drastically streamlined and the customer experience is improved by cutting out the irrelevant information provided to customers. It re-designed the search with voice and visual search.
The changes we have seen are only on top of the enormous iceberg. Many other aspects of eCommerce are still on the radar of AI for innovation.
This section covers how Artificial Intelligence can help you achieve these goals.
We’ve seen internet-based commerce, mobile commerce, and it’s now AI in e-commerce.We were overwhelmed with chatbots and personal helpers.
And there are many useful alternative applications of Artificial Intelligence.
IMHO, chatbots have a long way to go, and the ambitious goal is to replace humans with AI.
Machine Intelligence will impact them with the best-in-class user experience.
It can help you in designing a new website or adding smart widgets to your existing site.
In 2016, the calculable worth additional by the agriculture business was calculable at but one percent people GDP.
Factors like global climate change, increase and food security considerations have pushed the business to hunt a lot of innovative approaches to safeguard and improve crop yields.
As a result, AI is bit by bit evolving as a part of the technology evolution of the business.In this article we have a tendency to explore the applications of computer science to know current and rising trends for business leaders, and gift representative samples of common applications.Artificial Intelligence within the Agricultural business - Insights Before:Based on our analysis, the foremost common applications of AI in agriculture make up 3 main categories:Agricultural robots: - corporation’s area unit developing autonomous robots to perform the required agricultural tasks, like harvest crops and fast quicker than human labor.
Crop and Soil observation: - corporation’s area unit developing laptop vision and deep learning algorithms to method knowledge compiled by drones and / or software-based technology to watch crop and soil health.Predictive Analytics: - Machine learning models area unit being developed to find out and predict numerous environmental impacts on crop yields like global climate change.Blue watercourse Technology - Weed management:The ability to regulate weeds may be a high priority for farmers associate degreed an in progress challenge as weed killer resistance becomes a lot of common.
per a quest study conducted by the Weed Science Society of America on the impact of uncontrolled weeds on corn and soybean crops, annual losses to farmers area unit calculable at $ forty three billion.
Companies’ area unit exploitation automation and artificial intelligence to assist farmers realize a lot of economical ways in which to safeguard their crops from weeds.
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In recent years, the top, Artificial intelligence companies in Bangalore such as Naspers, KDC and IBM have been expanding their R labs in India, China, Japan and Europe.
Companies like IBM and Yana are rapidly expanding into India and are providing a wide range of artificial intelligent solutions across a wide range of industries including financial services, transportation, consumer protection, energy, government and manufacturing to name a few.
The best companies in the world such as IBM, Cisco and others are also opening offices in the Asian region to further increase their presence in India and Asia.
As the technology becomes more developed and is made available to more consumers, then demand for this software will increase exponentially.
Companies that specialize in artificial intelligence research and development now have a global customer base.
Many top colleges and universities in India are also churning out software engineers, computer science professionals, and robotic engineers who are eager to find a job in the United States or Canada.
Not all heroes wear capes, well, as far as I know, Artificial Intelligence can't!
AI has the power to tackle some of the world's social problems too (the real heroes are the masterminds who thought of AI in the first place).
For example: helping the blind by directing them, diagnosing cancer and many many more.
People are just learning to use AI and the possibilities are vast.
Which is why interest in AI has dramatically increased in the past few years.
And Google has taken this social initiative naming it “AI for Social Good”First of all, what is AI?
