As scientists and researchers are desperately trying to transform Artificial Intelligence (AI) into the mainstream, this ingenious technology is already making its way into our daily lives and perpetuating many industry verticals.
From voice-powered personal assistants such as Siri and Alexa to autonomous self-driving vehicles, AI is increasingly becoming a force to be reckoned with. Many tech giants, such as Apple, Google, Facebook, and Microsoft, make huge strides in the long-term growth potential of Artificial Intelligence.
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According to a report published by research firm Markets and Markets, the AI market is expected to grow into a $ 190 billion industry by 2025 ( Top 10 best companies that use Artificial Intelligence (AI) to augment manufacturing processes in the era of Industry 4.0) . More businesses are looking to increase their ROI by increasing the capabilities of AI. In this blog post, we are going to list the applications of AI that are in use today.
Chat bots
AI-enabled chatbots have become a key part of sales and customer service. Helping brands serve their customers and improve the overall support experience, chatbots are taking on a new way of communicating with businesses and the world. Versions of previous chatbots were configured with a limited number of inputs and were unable to process any queries outside of those parameters. As a result, the communication experience is too short and frustrating for the customer.
However, a subset of artificial intelligence and its technology have changed the overall functionality and intelligence of chatbots. AI-powered machine learning (ML) algorithms and natural language processing (NLP) have provided the ability to learn and simulate human communication. Implementing such sophisticated processing can help chatbots in a wide variety of applications, from digital commerce and banking to research, sales and brand building.
AI-enabled chatbots can perform time-consuming and repetitive manual business tasks, thereby improving efficiency, reducing staff costs, eliminating human error and ensuring quality services.
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New entertainment experience
The film industry has given us a fair share of artificial intelligence films with a variety of characters — from big to small, robotic to humanoid and good to evil. And over the years, this technology has evolved to enter the media and entertainment industry. From video games to movies and more, AI technologies have been instrumental in improving capabilities and contributing to its growth.
Valuable insights and solutions enabled by AI, Deep Learning, Machine Learning, and Cognitive Computing are applied across the media and all its sub-columns. The main use cases of AI applications in the media and entertainment industry are marketing and advertising, personalizing the user experience, and search optimization. Netflix show recommendation is a case in point. This subscription-based streaming service is backed by the most accurate assessment technology to offer video recommendations.
Another popular application of artificial intelligence is the immersive visual experience. Virtual Reality (VR) and Augmented Reality (AR) are all the rage these days. The development of VR content for games, live events, reality shows, and other entertainment is gaining enormous popularity and attention.
Save human lives
Artificial intelligence has a trans-formative impact on health care, and its applications range from distribution to analytics, to consumer health and more. There are many AI applications in use today, such as virtual personal health assistants, wearable fitness technology and health applications. Increasing the power of deep learning, machine learning, and natural language processing has successfully served the health care industry to prevent, diagnose and treat diseases.
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Danish startup AI-enabled system “Korti” has been launched to help make life-saving decisions for emergency medical dispatchers. It uses cognitive technologies to quickly and accurately detect cardiac arrests outside the hospital. Courtney is already adopting Copenhagen Emergency Medical Services and four other major European cities.
AI’s ability to process vast and complex information, such as pathology data, in a very short time can be beneficial in speeding up the diagnostic process and treatment. The great expertise and high precision levels of AI technology can help identify the deeper pattern, which is a key factor in determining the treatment plan for the patient.
South Korea-based Medical AI Startup Lunit has launched its product INSIGHT for mammography to help diagnose breast cancer. The company has developed a range of artificial intelligence-based software products to detect cancerous tissues in the lungs and breasts. Advanced the company has developed a range of artificial intelligence-based software products to detect cancerous tissues in the lungs and breasts. Advanced AI technologies can advance the fields of radiology, dermatology, and pathology by incorporating clinical, radiologic and genetic data to accurately diagnose diseases and assess the patient’s prognosis.
Save our planet
Artificial intelligence helps us create a better world by addressing complex environmental issues such as climate change, pollution, water scarcity, species extinction and more. AI can prevent the negative effects that threaten the existence of biodiversity by changing traditional sectors and systems. According to a report published by Intel in 2018, 74% of the 200 experts in the field agreed that AI could help solve environmental challenges.
The ability of AI to collect and process highly-structured data and obtain samples from them can be beneficial in solving many environmental problems. The autonomous floating garbage truck powered by AI is another matter. This autonomous truck is designed to eliminate large amounts of plastic pollution from the oceans and save marine life.
Behind the Wheels
AI has always been the subject of much debate in the automotive industry. Every car manufacturer is trying to tap the subset of its technology to develop the capabilities of artificial intelligence and innovative models of autonomous vehicle technology. Self-driving cars are a case in point. Tesla was one of the first brands to launch an autonomous vehicle guided by AI and automation technologies.
Soon, Audi, Cadillac, and Volvo followed suit by using semi-autonomous technology in their production models. Some of the main advantages of self-driving vehicles are energy savings, cost-cutting, lower emissions and reducing environmental impact. Human defects are considered the leading cause of worldwide accidents and the autonomous vehicle eliminates such defects and increases safety.
All the apps listed above are already on the move and this is just the tip of the upcoming iceberg. Do you have any interesting apps to share? Let us know in the comments section.
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