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Bharani Kumar Depuru is a well known IT personality from Hyderabad. He is the Founder and Director of AiSPRY and 360DigiTMG. Bharani Kumar is an IIT and ISB alumni with more than 18+ years of experience, he held prominent positions in the IT elites like HSBC, ITC Infotech, Infosys, and Deloitte. He is a prevalent IT consultant specializing in Industrial Revolution 4.0 implementation, Data Analytics practice setup, Artificial Intelligence, Big Data Analytics, Industrial IoT, Business Intelligence and Business Management. Bharani Kumar is also the chief trainer at 360DigiTMG with more than Ten years of experience and has been making the IT transition journey easy for his students. 360DigiTMG is at the forefront of delivering quality education, thereby bridging the gap between academia and industry.
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Let's first attempt to comprehend the development of artificial intelligence before moving on to comprehend the meaning of the term.
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Intelligence here refers to an ability to think, visualize, design, learn by heart and understand the designs, make decisions to adjust for the change, and learn from an experience.
Artificial Intelligence is more concerned with making machines behave like humans in less time than human takes. It can be divided into two parts Strong AI and Weak AI:
From the above illustration for AI we can understand that Artificial Intelligence is a kind of simulation of Human intelligence that is processed by Machines which includes learning, reasoning and self correction. Components of AI are shown in the above figure
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A type of artificial intelligence called Machine Learning has more sophisticated statistical methods that let robots get better at tasks over time.
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Deep Learning is made up of a number of methods that expose neural networks to enormous amounts of data in order to train the model to perform tasks like speech recognition and image processing. Artificial intelligence is any method that uses a set of rules, judgements, and machine learning techniques, including deep learning, to make a computer or other machine simulate human intellect.
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Deep Learning Algorithms are used to create Deep Nostalgia that are animated videos from old images. Deep Nostalgia applies the drivers accurately to a face in the still photo, creating a short video. AI is investing billions of dollars in the coming days concentrating on Information Technology, Finance, Marketing, Health sector, Agriculture, Transport, Education, and Gaming.
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Artificial Intelligence has played a notable role in a number of industries, including manufacturing, research and development, agriculture, business, education, finance, law, and healthcare.
The areas where artificial intelligence has left its mark and is still having an impact are listed below.
Neural networks are used to create complex devices that aid in the detection of illnesses and the identification of cancer cells. analysis of test results and other medical information that enables early detection of chronic illnesses. In order to find novel medications, neural networks analyse historical data. An AI-based chatbot named Buoy Health employs neural network techniques to identify and cure illnesses. With the aid of chatbots, primary care may be automated while physicians can concentrate more on urgent and difficult patients. Precision medicine, robotic surgery, virtual nursing help, and workflow support are examples of other uses.
There is a slow transition of AI in the field of Education that helps in increasing the productivity of faculties to concentrate on students rather than administrative work. Some of the applications like personal assistance or mentoring, creating smart content, personalized learning, a Grading system, admin tasks, and Intelligent Tutoring are an aid to educators.
Artificial intelligence (AI) advances human interaction games and helps forecast human behaviour. The following examples are AlphaGo, IBM Watson, Deepblue, Dark Forest, FEAR, GTA, Gothic, STALKER (a shadow of Chornobyl), and others.
In the Agricultural field, AI helps in recognizing the defects and nutrient deficiencies of soil content using computer vision and machine learning applications. Also, AI can analyze where unwanted plants were grown. Aerial Survey and Imaging, Crop and Soil monitoring, Insect and plant disease detection, Intelligent spraying, Automatic weeding, produce grading, and sorting.
By evaluating applications based on a variety of criteria, AI streamlines the recruiting process. Additionally, it aids in the selection of candidate profiles and gives HR the go-ahead to continue comprehending a candidate's applications. The finest illustration is LinkedIn, which uses an AI application to draw in talent, Data-Based Decision Making, and Employee Behaviour Tracking to monitor Employee Behaviour in an Office Environment.
Recommendation System is one of the applications that can transform the potential of AI into sales. Hence most companies are investing in recommendation engines. Chatbots and virtual shopping assistants make conversations with the customers help companies business, because of the quick responses and proper guidance for the queries of the customers. Image tagging and Image recognition software help in identifying the image and selecting an appropriate item from the correct source. (Ex: Pinterest)
Personalised learning, voice assistants, autonomous cars, fraud detection, and the development of smart content are just a few of the intriguing applications being explored to simplify human labour.
Starship (delivers the item within a 40m radius), Piaggio’s Gita robot (hands-free carrier), Cruise (self-driving autonomous vehicle), Hanson Robotics (which has human-like characters such as eye contact, facial recognition, speech, and the ability to hold natural conversations.), Elroy Air (used in autonomous aircraft Vertical take-off and landing (VTOL) that carries 300 to 500 pounds of weight over a 300-mile range
The programme makes use of Convolution Neural Networks (CNN) and Graphical Neural Networks (GNN), which aid in lane road detection, traffic analysis, and route optimisation. Uber makes extensive use of the app for the aforementioned functions. See the link for an example of using AI in the realm of aviation.
Self Driving Car(SDC) is the best example under this application where AI is used along with the GPS, Radar, Cloud Services, Vehicle’s Camera, and Control Signals to operate the vehicle.
The finest examples to use in this area are Instagram, Facebook, and Twitter. Facebook uses DeepText, which can translate between many languages. Twitter employs AI to identify fraud, eliminate hate speech, and block misinformation.
AI helps Marketers who can deliver highly targeted and personalized ads with the help of behavioral analysis, pattern recognition, etc.
A bot is referred to as virtual aid when it takes the role of human involvement and offers specified information after receiving training. In order to reply to user queries and give pertinent trained information, the models are trained using Natural Language Processing. Credit card fraud and false reviews are two problems that affect e-commerce today, but both problems may be solved with the use of artificial intelligence (AI), which can recognise and manage phoney reviews and lessen credit card theft.
Financial services are very significant in the Banking sector which is supported by AI whether it is a personal finance, corporate finance, or consumer finance. AI also helps in detecting the change in the transaction pattern and reduces the risk of fraud and plays a vital role in better predicting and assessing loan risks.
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There will be generally pros and cons to new technologies hence some of them concerning Artificial Intelligence are here:
Pros
Cons
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