Lately, there’s been an explosion of interest in artificial intelligence
(AI), with many headlines about how AI will change the world we live in
forever.
But what exactly is AI? How does it work? And most importantly, what can
AI do that your standard computer can’t?
Read this article/blog post to learn everything you need to know about
artificial intelligence, from its history to the best applications today and
how AI will change the future!
What exactly is
Artificial Intelligence (AI)?
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| Artificial Intelligence (AI) |
AI (Artificial Intelligence) is a
catch-all term for computer systems that mimic the cognitive functions of
humans, such as perception, speech recognition, decision-making, and language
translation.
While AI has long been an academic curiosity pursued by governments,
militaries, and corporations alike (think Terminator), recent advances in
machine learning have seen it move into new application areas in
business.
The first wave of AI technologies applied to business—and what most
people think about when they hear AI—are those that automate processes and make
them more efficient or effective.
For example, many banks use artificial intelligence to read through
customer service calls to identify patterns in customers’ questions to be
answered quickly and accurately.
History of
Artificial Intelligence (AI)
The term artificial intelligence (AI) was first coined in 1956 by John
McCarthy, who is sometimes considered one of AI’s founders.
Several other researchers also made fundamental contributions to AI that
year at a conference at Dartmouth College (including Marvin Minsky, Claude
Shannon, Nathaniel Rochester, Arthur Samuel, and Allen Newell).
By 1974, a small group of scientists had started to use symbolic
representations with neural networks (including David Rumelhart, Geoffrey
Hinton, and Ronald J. Williams).
In 1986, they formed the Association for Computational Linguistics
(ACL), which later became part of an even larger organization called Cognitive
Science Society.
Today, there are many different organizations dedicated to furthering
research into AI-related topics; some examples include AAAI (American
Association for Artificial Intelligence), ACL (Association for Computational
Linguistics), and IJCAI (International Joint Conference on Artificial
Intelligence).
The future of
Artificial Intelligence (AI)
The following 50 years will likely bring many changes to how AI is used,
developed, and perceived by society.
As it stands now, there are no solid predictions on what those changes
will be—but a few experts believe there’s potential for widespread positive
impact and harm.
The future of AI is bright, but its potential isn’t untapped yet. With
each/every passing year, we gain more knowledge about artificial intelligence
and work toward solving complex problems with technology.
We hope that in another 50 years, humans have managed to turn AI into
something we can all use to our advantage. That vision may seem distant right
now—but maybe not so much in others.
Benefits of
Artificial Intelligence (AI)
With AI’s capability to master tasks using a variety of techniques, it’s
likely to become a game changer for industries that rely on repetitive task.
For example, in healthcare AI may be used for medical diagnosis and
treatment by combining data from electronic medical records (EMRs) with
clinical guidelines.
Companies are also using AI in other innovative ways. For example,
Google uses its new AutoML tool, which uses machine learning to find solutions
to software problems without human intervention.
In addition, some companies have been able to use AI to help them make
better business decisions.
For example, Amazon has used artificial intelligence algorithms to
predict customer behaviour patterns and create personalized product
recommendations.
Challenges in
Artificial Intelligence (AI)
Achieving human-level Artificial Intelligence (AI) is
still a ways off, but it’s not for lack of trying.
From IBM’s Watson to Google Translate, artificial intelligence has
already begun to revolutionize fields like medicine, education, customer
service, transportation, and more.
However, AI researchers face several challenges that prevent us from
seeing the full adoption of AI technology in our daily lives.
Another challenge is that current forms of AI are black boxes; they
don’t explain how they reach their conclusions. It makes them difficult to
trust in critical situations such as diagnosing disease or driving cars.
Businesses
leveraging AI technology today
Many businesses are leveraging Artificial Intelligence
(AI) technology to solve day-to-day issues, from streamlining
administrative workflows to optimizing customer service.
As consumers continue to embrace intelligent machines in their daily
lives, you can expect organizations across all industries to adopt AI
technology.
A recent report by PwC found that 77 percent of business leaders believe
AI will be a crucial component of their company’s future operations.
Conclusion:
In conclusion, Artificial Intelligence (AI) is a rapidly growing field that has the potential to transform our lives in profound ways. By leveraging the power of machine learning and other advanced algorithms, AI has the ability to automate tasks, improve decision making, and enhance our understanding of the world.
While there are certainly challenges associated with the development and deployment of AI, including ethical and social implications, it’s clear that AI has the potential to deliver significant benefits to individuals and organizations alike.
As technology continues to advance, it’s likely that AI will play an increasingly important role in our lives and work, offering new and innovative solutions to the challenges we face in a rapidly changing world.
