Artificial Intelligence is the backbone of human life
Artificial Intelligence is one of the most advanced technologies. It refers to the human-made machine intelligence, which is innovated for making our daily tasks easy. In layman's language, you can describe Artificial Intelligence as a machine doing human brain work.
You can see Artificial Intelligence technology everywhere. The most well-known example of Artificial Intelligence is Google assistance on your phone, Alexa and Siri. However, these examples are just a part of it; Artificial Intelligence is more than that.
There are many industries, which are using artificial intelligence for their benefit. Moreover, there are many different types of Artificial Intelligence used widely. All this information regarding AI will be there in this article. So, keep on reading to know more about what Artificial Intelligence is? Kinds of AI technology? What is the future of Artificial Intelligence and many more.
What do we mean by Artificial Intelligence
Artificial intelligence is a technology to program a machine for performing human intelligence things like thinking, learning, decision making, communicating, problem-solving, perceiving, and then act according to the physical world.
If we think about machines responding to our speech, direction, and other visual or audio commands. Then the first thing that might strike your mind is Alexa, Siri, Cortana, and others. You are absolutely right in this sense, but Artificial intelligence does not restrict to that only.
Artificial intelligence in simple terms is making the machines smart and trains them to react, act, and recognize things in their surroundings, just the way the human brain works. It is one of the most booming technologies that almost every industry is using somewhere.
What are the types of Artificial Intelligence
There is a variety of artificial intelligence, which is widely used everywhere. Artificially intelligence is the entities build for certain different functions. Although, there are two categories of artificial intelligence that fall under Type 1 and Type 2.
Under Type 1, there are three kinds of artificial intelligence, fall under this group. Artificial General Intelligence (AGI), Artificial Narrow Intelligence (ANI), Artificial Super Intelligence (ASI). These three technologies fall under Type 1 of artificial intelligence.
Type 2 of artificial intelligence is based on functionalities. Artificial intelligence performs various functions and on that basis, they are classified as follows:
Interactive Artificial Intelligence
This type of artificial intelligence is based on the NLP, which allows reading, classification, and comprehension of response. AI like Chatbots and personal assistance falls under this. This AI provides different resources to respond to different kinds of queries and provide effective and satisfactory responses.
Interactive artificial intelligence allows businesses to improve interactivity automatically. Some pre-built questions and their responses are embedded in them to further improve the conversation with the visitors. Further, it also understands the context of the conversation and responds accordingly.
Functional Artificial Intelligence
These functional AIs have the capability to scan a huge amount of data, find the patterns and dependencies within the data. But, the thing which makes a difference in this kind of AI is that instead of reacting to the situation, they act!
Robots are one of the examples of functional AI. If a functional AI detects something wrong around you, it will act accordingly. LoT cloud also falls under the functional Artificial Intelligence. For example, if it detects the raised temperature of the machines due to the heavy electrical flow. Then, it will automatically cut down the electrical supply of that machine.
Visual Artificial Intelligence
This type of Artificial Intelligence recognizes images or visuals and act according to them to present the best response. It is highly used in the augmented reality industry and even your phone’s face recognition is also a part of visual artificial intelligence.
There are many industries that are using visual AI to support their functioning. For example, insurance companies are using this AI to identify the level of damage that appeared for a claim.
Text Artificial Intelligence
Text AI is basically the text recognition technology or the speech to text technology, which is the most common AI. This type of AI technology is widely used in businesses to strengthen the internal corporate knowledge base content generation feature.
Many small and big firms are using text AI for better functioning in eliminating employee fees and customer satisfaction in different areas. Text AI helps to find answers to the given request. It also finds out the human-based questions asked internally and gives them the best-suited answers for them.
Analytical Artificial Intelligence
Analytical AI is the most advanced AI technology. This AI type can scan a huge amount of data to analyze dependencies and find patterns to provide recommendations for the business. Hence, it contributes to more effective data-driven decision making for the business owners.
Few examples of analytical artificial intelligence are sentiment analysis and supplier risk assessment. These AI types help to discover solutions for increasing the existing network and prepare for the shifting demand pattern and pre-judge the most cost-effective strategy.
Contribution of Artificial Intelligence in businesses
Artificial Intelligence is a very advanced technology that is widely used in businesses. This technology has a huge impact on various businesses. AI makes the functioning of businesses easier than before in different aspects. A few of them are as follows:
- AI helps in reducing human-made errors. As artificial intelligence consists of various algorithms and programs. Thus, it reduces the possible human errors and adds accuracy and precision to any business tasks.
- Humans work for certain hours in a day. But Artificial intelligence is a technology that can work for 24X7 hours. So, the capability of AI to function is higher than the human capacity to work.
- Artificial intelligence technology makes machines quicker for decision making. Humans take time in making decisions while AI technology minimizes the decision-making time based on the programming.
- AI technology has contributed a lot to the medical industry. It helps doctors to analyze their patient’s health risk through AI-based applications. Now, medical professionals are getting training for using AI technology in surgery too.
- Cybersecurity is one of the important security systems in this digital age. AI technology can be used to improve cyber security and help in protecting us from fraud and cyber-threats.
Where we see AI technology in the future
Humans mostly have a fascination for advanced technology. They want to make their easy with the improved technology and that is what this new AI technology is doing to us. If we talk about what AI technology can do in the future. Then, there is a chance that we miss out on a few things, which we can possibly see in our future.
There is a high possibility that we might see AI-based robots doing things that we cannot even assume. Artificial intelligence technology, if used in the right way can do wonders. In the future, you might see robots doing surgeries in hospitals, flying planes, and whatnot.
However, it has the capability to increase career opportunities in the future. Although, many people think that this advancement in technology might lead to an increasing unemployment rate. But, this technological advancement can actually help in generating different career options in the future.
It does not just make human tasks easier. But also decrease the time taken for any task. Therefore, we can say that advancement in AI technology can boost every sector and also have a great growth graph for humans too.
Artificial intelligence is one of the smart technologies that surround us. It helps us to save our time and do our work quickly. From solving calculations, finding answers to your question about operating the machines on their own. Artificial intelligence has contributed to most of the industries.
However, there is still a huge scope in the advancement of AI technology. There are many advantages of AI technology while it has some demerits too. You just need to identify your requirement and apply the best suited AI technology in your business.
There are many people who think that AI technology is only used by big companies. But the AI technology can be used in small businesses also, which depends on the requirement of the firm. Hence, we can say that AI technology is everywhere, from your smartphone to the big industrial machines.
You just need to understand the need and use it wisely!