Artificial Intelligence in Practice

From waking up in the morning to being informed about the weather forecast and the day’s
schedule by Apples Siri or Googles’ Assistant, we all in some way or another are dependent
on borrowed intelligence and recalling abilities more than we realize. After having a really
long supporting role in the field of life, artificial intelligence (AI) has revealed itself to be fit for
a leading role, as people slowly realize how dull life would be without it. It has proved itself to
be better at any task than humans and have replaced them in many fields, making the
completion of tasks more efficient, as well as introducing new techniques to make processes
a lot simpler.

Artificially intelligent software and robots have seen advancements in their features and
capabilities, due to some complex tools and factors that have made this evolution look as
simple as nature’s role in evolving living beings. However, these tools have taken decades to
develop and flourish. These are as follows,

AI Tools

● Natural Language Generation

It is used in artificial intelligence applications to produce written or spoken narrative from the
data set. It further consists of “Natural Language Processing” and “Natural Language
Understanding”. Natural Language Processing enables these applications to narrate the
data in human-like voice and tone, whereas, Natural Language Understanding has made it
easier for software to run analysis on extremely large data sets, identify a pattern and then
produce an answer which is easy for humans to comprehend.
 ● Machine Learning

This involves investing effort and hard work to produce algorithms and statistical models for
studying historic data, detecting patterns and learning from past experience to speculate its
next move, without direct instructions or explicit programming. Machine Learning has given
birth to some of the most miraculous inventions of recent times, including, autonomous
vehicles.

● Deep Learning

Deep Learning is a characteristic of artificial intelligence and a subset of machine learning. It

involves the artificially intelligent entity being able to learn from unorganized and unlabeled
large amount of data, going through it layers by layers or through deep neural network,
which then influences its decision in real-life environment.

● Robotic Process Automation

Robotic Process Automation is the ability of artificially intelligent software or robots to imitate
humans in the workplace. These include computational products which are able to perform
tasks, previously done by humans. However, this is done in a faster, efficient and less
harmful way. Humans can now be more productive in mentally challenging tasks, rather than
dull, repetitive and high-volume tasks which includes collecting, summarizing and presenting
information from large data sets.

● Speech Recognition

Converts human speech into a form which can be easily accepted and understood by
computerized software.

● Bio-metrics

Bio-metric is a tool used in artificially intelligent applications to identify and differentiate

individual human beings, one from another. This is made successful through the use of an
innate human physical or behavioral feature. This tool is exclusively used in intelligent
software to identify humans for security and surveillance purposes.

The applications of artificial intelligence can be characterized based on their capacity to

imitate humans. Humans are gifted with several means to conduct tasks that other entities
cannot. This is the full potential that researchers are trying to achieve in artificially intelligent
machines. These abilities include:

Abilities of AI
● Communication
This involves the ability of intelligent machines to perceive and understand written and
spoken languages. It also includes the machines to be able to translate these languages into
commands they can easily follow and respond to. Real-time transcriptions and voice controls
are also a part of it.
 ● Knowledge
The machine should have all the real-world knowledge available about a vast number of
fields which it knows how to utilize efficiently. The knowledge could pertain to financial
markets, health care markets, entertainment industry, etc. Knowledge should be complete so
that it could be put to professional use, without failing to compensate for every detail.

● Planning
This refers to the ability to anticipate any factors that could hinder the completion of the task,
account for them and execute the task with precision. Inventory management, demand
forecasting, physical and digital network optimization are some areas where planning is
required and artificial intelligence is expected to deliver.

● Reasoning
The ability to arrive at solutions for problems through coherent and consistent rationale.
Tasks like financial asset management and application processing require reasoning in
intelligent software that are replacing humans.

● Perception
The ability to perceive one’s environment through the use of sensory inputs like sounds,
images, and movements. Autonomous vehicles use this feature greatly.

Having these abilities and inculcated with tools and technologies mentioned above, artificial
intelligence has taken the world by storm. These machines have strong applications in the
business sector, medical industry, entertainment industry, and transport.

Industry Applications of AI
● Finance
Finance industry peaked in growth after artificial intelligence applications were introduced.
The uninteresting and repetitive tasks are now performed by computerized software which
eliminates the element of fatigue and errors. The financial sector functions in accordance
with its potential to perform extraordinarily in terms of real-time reporting, accuracy of
reporting and processing of large quantities of numerical data. All of these tasks have been
made easy with the introduction of artificial intelligence in finance. Natural Language
processing tools make inferring brand loyalty and feedback towards their services
achievable through collecting data on social media platforms and advising their customers
through this forum. Robo-traders are used to perform extremely fast trading to increase
profits. Firms like Kensho and Forwardlane use robots to re-analyze portfolio investments by
human employees and help human financial advisors customize their advice. WeblineGlobal
also contributes to the financial industry through its Financial Advisor App (largest real estate
and tax valuation platform) and Patient Insurance Utility Tool (tracks clients’ insurance
customers).

Read also : Financial Process Automation using RPA Solution

● Healthcare
Healthcare and artificial intelligence go hand in hand. Artificial Intelligence has taken the
responsibility of assisting everyone from the patients to the doctors. It has been saving lives
in one hand and taking care of the logistics at the other. Safeguarding the medical records of
patients, reducing costs for them by saving time, freeing up doctors’ schedule to give them
some relaxation time and help students train on massive amount of data generated. Artificial
intelligence has helped companies like NuMedii to develop connections between diseases
and drugs at a larger level, while GNS Healthcare uses algorithms to prescribe patients with
effective treatment. WeblineGlobal has also developed apps like Trainer’s Notebook App
and Gym Management App to track clients’ health progress.

● Entertainment
With new media services like Netflix and Amazon surfacing, one has to appreciate the
self-learning algorithms which make the experience of online streaming so much more
convenient, hence, pleasurable. These algorithms memorize and categorize the viewers’
preferences to recommend what to watch to the viewer himself and ultimately compare it
with other users for gift suggestions. Artificial Intelligences’ services to the entertainment
industry cannot be appreciated enough without the mention of social media. It looks into your
past web searches, interactions, behaviors and everything you do during your time at the
website to adjust your newsfeed according to that. Filtering spam and protecting your
personal information are few other duties of artificial intelligence software used by social
media websites. Apps like Asset Management Solution by WeblineGlobal, help its users stay
organized even in fun times, allowing them to store, display and share their images.

● Travel and Transport

Identifying travel and transport as essential to everyday life, many firms operating to provide
artificially intelligent solutions to important problems have capitalized on this opportunity.
Computerized travel assistants help you navigate through useful travel tips, landmarks which
shouldn’t be missed, food service options in a foreign land, as well as take on the hectic
responsibility of making arrangements for the trip. Similar chatbots are used by travel
agencies which make customer service more satisfying through immediate and appropriate
responses, tailoring to customer demand. Showing the fastest and easiest route to take after
taking into account road and traffic conditions, GoogleMaps might be the most famous
algorithm in use right now. Companies like Tesla and Mercedes-Benz have already
introduced their driverless cars, using information collected through cameras and sensors
installed in the car o navigate through the traffic.

The integration of artificial intelligence in the society seems to be inevitable. It couldn’t be

avoided even if someone wanted to. Artificial Intelligence right now has the power to define
how our industries and households will be run right now and in the future.

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