AI is not a most modern technology that is just introduced, it has sown the seeds in the early 1950’s and still continuing the research and studies
Coming to the word, Artificial intelligence it is also known as machine intelligence, intelligence revealed by machines rather than natural intelligence possessed by humans and animals. In computer science, AI research is defined as the study of intelligent agents any device that perceives its environment and takes actions that maximize its chance of successfully achieving its goals. So in one sentence, we can define artificial intelligence as machine acts the subjective actions of humans such as learning and problem-solving.
Modern artificial intelligence techniques are omnipresent and are too numerous. A single blog won’t be enough to explain its future.
Application of AI is spellbound but some of the high professional works include, image annotation and recognition, spam draining, online assistant(Google assistants), online advertisements, autonomous vehicle, medical field, art creation, games, search engines and so on…
Nowadays social media is overtaking TV news channel. A huge community is using social media such as Facebook, Instagram, Twitter for regular updates of news. So major media publications are now using AI techniques to post their stories, blogs and news effectively for generating a higher volume of traffic.
Now we can take a brief look in whichever fields AI show it application
Artificial intelligence now has its own position in the field of medical technology. According to Bloomberg Technology, Microsoft has developed AI to help doctors find the right treatments for cancer. From the time cancer try to conquer the world, doctors started to take proper research for the drugs against cancer. And there are more than 800 medicines and vaccines to treat cancer. But coming to the practical sense this affects the doctors negatively because there are too many options from where they have to choose, right medicine to right patient become a difficult task Microsoft is working on a project to develop a machine called Hanover. Its main aim is to memorize all the documents about the drugs and necessities which will be more effective for the patient
Application of AI in the field of automotive industry is a drastic one. It paved the way for the creation of self-driving vehicles. As of 2018, 48 companies utilizing AI into the creation of driverless cars. Some of the companies involved in these projects are apple tesla and google.
Finance and economics
Artificial intelligence is used nowadays in the banking sector to maintain bookkeeping, organize operations, manage properties and invest in stocks. AI has also reduced fraud and financial crimes by monitoring patterns of users for any abnormal changes or anomalies.
Military drones capable of autonomous action are widely considered a useful asset. Latest reports say that military robotics Market is expected to reach US$245.1 Billion by 2026. In 2017, Putin says the nation that leads in AI ‘will be the ruler of the world’ Many artificial intelligence researchers seek to distance themselves from military applications of AI
For financial statements audit, AI makes continuous audit possible. AI tools could analyze many sets of different information immediately. The potential benefit would be the overall audit risk will be reduced, the level of assurance will be increased and the time duration of the audit will be reduced.
A report by the Guardian newspaper in the UK in 2018 found that online gambling companies were using AI to predict the behaviour of customers in order to target them with personalized promotions. Developers of commercial AI platforms are also beginning to appeal more directly to casino operators, offering a range of existing and potential services to help them boost their profits and expand their customer base.
Artificial Intelligence has inspired numerous creative applications including its use to produce visual art.