Topics In Demand
Notification
New

No notification found.

Artificial Intelligence Applications: The new technologies
Artificial Intelligence Applications: The new technologies

July 9, 2021

AI

27

0

What is Artificial Intelligence (AI)?

Artificial intelligence (AI) is the simulation of human intelligence processes by machines, especially computer systems. The ability of a digital computer or computer-controlled robot is called Artificial Intelligence to perform tasks commonly associated with intelligent beings.

 

The Applications of AI in Various Sectors:

Nowadays Artificial intelligence (AI) is changing our way of life. Already it is altering each way of our life. AI’s application in various sectors has been applied drastically. Let's have a look how AI is transforming the world.

  • AI in Health Care:

When it comes to saving our lives, a lot of organizations and medical care centers are relying on AI. AI is used in healthcare to build sophisticated machines that can detect diseases and identify cancer cells. AI can help to analyze chronic conditions with lab and other medical data to ensure early diagnosis. AI uses the combination of historical data and medical intelligence for the discovery of new drugs.

Artificial intelligence in Healthcare

 

  • AI in Retail and E-commerce:

Being a competitive space, retail organizations always lookout for techniques to find patterns in consumer behavior and thereby align their strategy to outsmart their competitors.

               Product recommendations on our various online shopping account are nothing but a real-time application of complex AI algorithms to determine which products you are more likely to buy. And many of the chatbots available on e-commerce websites are powered by AI and programmed to provide instant answers to a range of common customer queries. 

 

  • AI in Agriculture:

Issues such as climate change, population growth, and food security concerns have pushed the industry into seeking more innovative approaches to improve crop yield. Organizations are using AI based automation and robotics to help farmers find more efficient ways to protect their crops from weeds. We can see a surge in the use of intelligent tractors and intelligent plucking machines.

Artificial intelligence in agriculture

 

  • AI in Banking and Financial Services:

The Banking and Financial Services industry is undergoing a massive transformation due to the onset of AI applications. AI uses cases in this space are plenty. In many scenarios, human agents are being replaced by intelligent software robots for processing loan applications in fractions of a second. Use of AI-based software has also significantly reduced the claim processing time, thus helping both the insurance companies and customers.

                 Another important application of AI in the finance sector is fraud detection. For instance, AI-based Decision Intelligence technology is being used to detect fraudulent transactions by analyzing various data points.

 

  • AI in Travel and Automobile:

Travel industry is set to derive significant benefits from the widespread use of AI-enabled chatbots. Chatbots are a proven means for improving customer service and engagement mainly because of their all time presence and instant resolution of queries.

                  AI is used to build self-driving vehicles. AI can be used along with vehicle’s camera, radar, cloud services, GPS, and control signals to operate the vehicle.

Artificial intelligence in travel and automobile

 

Conclusion:

Artificial Intelligence and Machine Learning are products of both science and myth. The future world of AI will have much greater impact in a much different way than what we might be assuming today.


That the contents of third-party articles/blogs published here on the website, and the interpretation of all information in the article/blogs such as data, maps, numbers, opinions etc. displayed in the article/blogs and views or the opinions expressed within the content are solely of the author's; and do not reflect the opinions and beliefs of NASSCOM or its affiliates in any manner. NASSCOM does not take any liability w.r.t. content in any manner and will not be liable in any manner whatsoever for any kind of liability arising out of any act, error or omission. The contents of third-party article/blogs published, are provided solely as convenience; and the presence of these articles/blogs should not, under any circumstances, be considered as an endorsement of the contents by NASSCOM in any manner; and if you chose to access these articles/blogs , you do so at your own risk.


© Copyright nasscom. All Rights Reserved.