September 9, 2020
List of 5 powerful Examples of Artificial intelligence usage Artificial Intelligence (AI) is the incorporation of human-like intelligence in machines. With the incorporation of artificial intelligence, a machine will decide to perform a task based on the inputs it gets from various sources. No human intervention will take place in this process. AI is implemented in different fields to improve the productivity, comfort, and profitability of organizations.
Robots play an essential role in the manufacturing industry. Even though the AI-equipped robots do not have natural intelligence, they will decide within their capability. Robots can identify the room size, assess obstacles, work on assembly lines, and teach a foreign language. Some robots can express human-like emotions after analyzing facial expressions.
Smart assistant Amazon Alexa and Google Home implement the AI. The voice-controlled intelligent assistants can make smart decisions based on your browser history and audio commands. You will get suggestions about the available movies, online TV shows, meetings, and other entertainment options. Based on your preferences, you will also get proactive alerts on various aspects of life, including health, work, and relationships.
Social media monitoring
When there are hundreds of millions of active users on various social media platforms such as Facebook, Whatsapp, Twitter, it is a great challenge to fulfill the audience's needs. Celebrities and corporate houses can depend upon social media monitoring systems to skim through the vast web pages. The sorting job can be left to the AI so that social media marketers will focus on other promotion areas. Using the AI potential effectively in the social media monitoring sector, the stakeholders will not miss the potential opportunities in the market.
Automated financial investing Financial management and investing have changed dramatically with the introduction of AI. Artificial intelligence has the potential to make better predictions. Hence, the results will be accurate. Financial risk management, credit decisions, and bulk trading decisions are being taken with the help of AI. Some financial companies are using AI to analyze stock market behavior. The investment industry is opting AI to reduce errors and achieve higher efficiency. A firm implementing AI in investing should create a broad AI strategy, focus on people management, improve processes, and ensure that AI systems are well-protected.
Virtual travel booking agent
AI is transforming the travel industry. By implementing AI, tasks can be completed quickly by the end of the day. Businesses can save time, effort, and money with the introduction of AI at various levels. It is possible to deliver personalized messages and information to customers. There will be fast response times, and the information will be presented to customers in the absence of regular staff at the counter. Some of the examples of AI in the travel industry are chatbots, Face to Face customer service, and data analytics.
With the implementation of the AI, the perceived job loss should be addressed by employers. AI should not affect the privacy and security of individuals by encroaching their sphere. Before implementing the AI, potential risks and benefits should be assessed.