As scientists and researchers strive harder to make Artificial Intelligence (AI) mainstream, this ingenious technology is already making its way to our day to day lives and continues ushering across several industry verticals. . From voice-powered personal assistants like Siri and Alexa to autonomously-powered self-driving vehicles, AI has been rearing itself as a force to be reckoned with. Many tech giants such as Apple, Google, Facebook and Microsoft have been making huge bets on the long-term growth potential of Artificial Intelligence
. According to a report published by the research firm Markets and Markets, the AI market is expected to grow to a $190 billion industry by 2025. More and more businesses are looking to boost their ROI by leveraging the capabilities of AI. In this blog post, we are going to list out the applications of AI in use today.
AI-enabled chatbots have become a crucial part of sales and customer service. Helping brands serve their customers and improve the entire support experience, chatbots are bringing a new way for businesses to communicate with the world. Earlier versions of chatbots were configured with limited number of inputs and weren’t able to process any queries outside of those parameters. As a result, the communication experience was far less appealing and frustrating for a customer. However, Artificial intelligence and its subset of technologies have transformed the overall functionality and intelligence of chatbots.
AI-powered Machine Learning (ML) algorithms and Natural Language processing (NLP) provided the ability to learn and mimic human conversation. Deploying such advanced level of processing makes chatbots extremely helpful in a wide variety of applications ranging from digital commerce and banking to research, sales and brand building. Time-consuming and repetitive manual business tasks can be handled by AI enabled chatbots, thereby improving efficiency, reducing personnel costs, eliminating human error and ensuring quality services.
New Entertainment Experience
The film industry has given us a fair share of artificial intelligence movies with diverse character roles - big to small, anthropomorphic to robotic, and evil to good. And over the years, this technology has advanced to make its way into the media and entertainment industry. From video games to movies and more, AI technologies have been playing a crucial role in improving efficiencies and contributing to growth therein. Valuable insights and solutions enabled by AI, deep learning, machine learning and cognitive computing
are applied in media and all its sub-verticals. The major use cases of AI applications in media and entertainment industry include marketing and advertising, personalization of user experience and search optimization. Netflix’s show recommendation is a case in point. This subscription-based streaming service is backed with a highly accurate predictive technology to provide video recommendations.
Immersive visual experience is also another popular application of Artificial intelligence. Virtual Reality (VR) and Augmented Reality (AR) are all the rage nowadays. Development of VR content for games, live events, reality shows and other entertainment have been gaining immense popularity and attention.
Save Human Lives
Artificial Intelligence is poised to have a transformative impact on healthcare and its applications span from drug delivery to diagnostics, consumer health and more. A number of AI applications
are in use today which include virtual personal health assistants, wearable fitness technology and telehealth apps. Leveraging the power of deep learning, machine learning and natural language processing enabled healthcare industry to prevent, diagnose and treat ailments successfully. A Danish startup launched an AI enabled system ‘Corti’ to help emergency medical dispatchers make life-saving decisions. It uses cognitive technologies to detect out-of-hospital cardiac arrests quickly and accurately. Corti is already being adopted by Copenhagen Emergency Medical Services and four other major European cities.
AI’s ability to process vast and complicated information, such as pathology data, in the shortest amount of time proves beneficial in speeding up the diagnosis process and treatment afterwards. Greater proficiency and higher accuracy levels of AI technology helps to identify a deep pattern, which can be a critical point in determining the treatment plan for a patient. Lunit, a medical AI startup from South Korea launched its product INSIGHT for Mammography that assists the diagnosis of breast cancer. The firm has also developed a series of artificial intelligence-based software products to detect cancer tissues in lungs and breast. Advanced AI technologies can advance the fields of radiology, dermatology, and pathology by incorporating clinical, radiologic, and genomic data to accurately diagnose diseases and predict patient’s prognosis.
Save Our Planet
Artificial Intelligence can help us create a better world by addressing complex environmental issues such as climate change, pollution, water scarcity, extinction of species and more. Transforming the traditional sectors and systems, AI can prevent the adverse effects that threaten the existence of biodiversity. According to a report published by Intel in 2018, 74% of the 200 professionals in this field surveyed agreed that AI can help solve environmental challenges. By leveraging the power of machine learning and deep learning technologies, we can study current and future trends. Such predictive capabilities will help in creating a sustainable environment. For instance, a research group at USC used AI for developing optimization methods for wildlife conservation planning. AI’s ability to gather and process vast amount of unstructured data and derive patterns from them prove beneficial in resolving many environmental issues. An autonomous floating garbage truck powered by AI is another case in point. This autonomous truck is designed to remove large amounts of plastic pollution from oceans and safeguard sea life.
Behind The Wheels
AI in the automotive industry has always been the most debated topic. In fact, every car manufacturer has been striving to tap the potential of artificial intelligence and its subset of technologies for developing innovative models of autonomous vehicle technology. Self driving cars are a case in point. Tesla was one of the very first brands to launch an autonomous vehicle guided by AI and automation technologies. Soon, Audi, Cadilla, and Volvo followed suit by deploying semi-autonomous technology into their production models. Fuel savings, cost cuttings, fewer emissions and making less of a negative environmental impact are some of the major benefits of self-driving vehicles. Human errors are considered as a major cause for accidents worldwide and autonomous vehicle eliminate such errors and increases safety.
All of the above listed applications are already in motion and it is just the tip of the iceberg of what’s coming. Do you have any interesting applications to share? Let us know in the comments section.