15 Wonderful Facts You Didn't Know About Artificial Intelligence (AI)

Artificial Intelligence

Introduction of Artificial Intelligence

Artificial Intelligence (AI) has received great recognition in the past years, especially in the COVID-19 Scenario.

The Internet has expectedly played an important role in the development of AI-enabled services. The AI Industry is growing very rapidly. If you have ever talked to Siri, to play music or current temperature, you have interacted with AI.

What is Artificial Intelligence (AI)

Artificial intelligence (AI) is the ability of a computer or a robot controlled by a computer to do tasks usually done by humans or typically require human intelligence, such as speech recognition, problem-solving, learning, and planning.

15 Facts about artificial Intelligence (AI)

84% of enterprises believe investing in AI will lead to greater competitive advantages.
Global revenues from AI to enterprise applications are projected to grow from $1.62B in 2018 to $31.2B in 2025.
Figures from McKinsey report that global demand for data Scientists will Exceed supply by over 50%.
China plans to use artificial intelligence to gain global economic dominance by 2030.
The best five countries for AI jobs are - USA, China, Japan, and INDIA.
By 2025, AI is expected to become a $60 billion dollar industry.
During the quarter of 2017, huge tech companies bought 34 AI Startups.
Google has a Quantum AI lab where they actually own a Quantum Computer, unlike other companies.
Big data and machine learning can devise and trial new drugs much faster.
AI is capable of making diagnoses just as accurately as world-leading experts in the medical field. for example, there is one such AI-driven algorithm that Can detect metastatic breast cancer with 99 percent accuracy.
A group of researchers at MIT have created an algorithm capable of detecting whether Someone is depressed.
Finland offers AI courses to ensure that the country remains competitive. Their goal is to teach at least one percent of the residents the basics of AI.
Reports say that half of the world's Artificial intelligence Unicorns are in china. The combined valuation is $4.5 billion.
Researchers at the University of Stanford created a machine learning algorithm that is capable of predicting death with a shocking 90% accuracy.
Experts believe that AI will take over 16% of current jobs within the next 10 years, but don't worry a new era of job opportunities will arise.

How Artificial Intelligence (AI) works?

To understand Artificial intelligence work, one needs to deep dive into various sub-domain of artificial intelligence and how to apply those domains in various fields of the industry. AI operations in different zones. Machine Learning, Deep Learning. Neural Networks, Natural Language Processing (NLP), Computer Vision, and Cognitive Computing are the sub-domains in AI. Artificial intelligence google.

Types of Artificial intelligence:

Different artificial intelligence entities are built for different purposes. They are of 3 types:

Artificial Narrow Intelligence (AND)
Artificial General Intelligence (AGI)
Artificial Super Intelligence (AST)

Once we achieve AGI, AI systems would rapidly be able to improve their capabilities and advance the program.

Where is Artificial Intelligence Used?

AI is now getting used in multiple fields from simply your mobile phone to diagnosing the disease. Different industries where AI is playing an important role helping humans to work with better performance and efficiency, without the help of the humans.

Various fields where artificial intelligence (ai) is used are Agriculture and farming, Virtual assistants, Autonomous flying, shopping, security and Surveillance, Sports analytics, Manufacturing industry, Stock market, self-driving cars, healthcare system, warehousing, and logistics supply chain, telecom, fintech, retail, manufacturing, operations.

Applications of Artificial intelligence (AI) in business

AI truly has the potential to transform many industries, there's a lot of potential for optimization everywhere. let's have a look at different Industries:-

Healthcare:- AI in healthcare is helping with the day-to-day tasks to minimize human errors and maximize efficiency. AI is now capable of reading MRI scans to check for tumors and other malignant growths.
Retail:- AI in retail is helping to predict demand for different products in different time frames so that they can manage their stocks.
Fintech:- AI in fintech is helping to maximize profits. Often it is used to automate Call-Center functions, optimize paperwork for customer-facing chatbots and improve employee training.
Telecom:- AI in the telecom industry helps to handle large data using machine learning and analytics, automating customer care service.
Manufacturing:- AI in the manufacturing industry helps to forecast when the functional equipment will fail so its maintenance and repair can be scheduled before failure occurs.

Everyday Application of Artificial intelligence (AI)

Netflix:- AI in Netflix helps to get the data collected, the more time you spend on Netflix, the more relevant programs will be recommended to you. Netflix uses AI and big data in its streaming, so when you sit at home, your broadband speed varies and they don't want to lose quality.
Google:- Google AI is a division of goods dedicated to artificial intelligence. It is a virtual assistant developed by Google that is primarily available on mobile and smartphone devices.
Education:- AI in education helps to make smart content. Students can use ai to give reliable feedback. Educational Software can be updated to student needs and provide a virtual learning environment.

Career in Artificial intelligence (AI)

Jobs in Artificial Intelligence have been steadily increasing over the past few years and will continue growing. On average, 60-70% hike in salaries who have successfully transitioned into AI roles. The demand for AI jobs has increased but the workforce has not been keeping pace with it. As per WEF, 130 million jobs would be created in ai.

Future of artificial intelligence (AI)

Artificial intelligence has emerged to be the next big thing in the field of technology. Organizations across the world are coming with breakthrough innovations in AI and machine learning. Getting verified in AI will give you an edge over other people in this industry. Self-driving car companies like Tesla have shown the first step towards the future.

FAQ

1) Is Alexa an AI?

Yes, Alexa is an artificial intelligence that lives among us.

2) Is Siri an AI?

Yes, Siri is also an AI that uses machine learning technology to function its work.

3) Who invented AI?

John McCarthy is considered the father of AI.

4) Why is AI needed?

AI makes the process faster, easier, and more accurate. It is in finding new solutions to the problems.

Did You Know by Vickie EE