Artificial Intelligence

The Importance of Artificial Intelligence in this advanced world

We are a privileged generation to live in this era full of technological advancements. Gone are the days when almost everything was done manually, and now we live in the time where a lot of work is taken over by machines, software, and various automatic processes. In this regard, artificial intelligence has a special place in all the advancement made today. Artificial intelligence or AI is nothing but the science of computers and machines developing intelligence like humans. In this technology, the machines are able to do some of the simple to complex stuff that humans need to do on a regular basis. As the AI systems are used on a day to day basis in our daily life, it is not wrong to say that our lives have also become advanced with the use of this technology.

A great help for humans

The AI systems are efficient enough to reduce human efforts in various areas. In order to perform various activities in the industry, many of them are using artificial intelligence to create machine slaves that perform various activities on a regular basis. The artificial intelligence applications help to get the work done faster and with accurate results. Error free and efficient worlds are the main motives behind artificial intelligence. In the recent years, many sectors have started using AI technology to reduce human efforts, and also to get efficient and faster results. What important role does artificial intelligence play today?

Widely used in banking and financial systems

It is a known fact that banks have a numerous activities on a day to day basis that need to be done accurately. Most of the activities take a lot of time and efforts from the employees and at times there is also a chance of a human error in these activities so to speak. Some of the works that banks and financial institutions handle are investing money in stocks, financial operations, managing various properties, etc. With the use of AI system in this process, the institutions are able to achieve efficient results in a quick turnaround time. The strategic implementation of artificial intelligence in the bank helps them to focus on every customer, and provide them quick resolution. The customers are happy at all times, as they can get quick service for all the banking and financial needs.

An important feature of medical science

The Artificial intelligence has completely changed the way medical science was perceived just a few years ago. There are numerous areas in medical science where AI is used to achieve incredible value. With the help of AI, the medical science was able to create a virtual personal health care assistant. These are used for the research and analysis purposes. There are also many efficient healthcare bots introduced in the medical field to provide constant health support to patients. The bots are effective in answering the frequent questions, and also to schedule appointments in quick succession.

A perfect addition to Heavy Industries

Artificial intelligence is used in the production unit in most big manufacturing companies. AI system is used to give a specific shape to an object, move objects from one place to another, etc. This application is also used in the management of most companies to get their tasks efficiently done on time. It is used to keep all the records of an employee, the crucial data of the company is stored and can be easily extracted at the crucial decision making time. Heavy industries are thriving on the AI system because they get their tasks done on time and have the potential to put accurate data in their system.

Efficient use in Air transport

Air transport is one of the most systematic transportation systems, and it will not be wrong to say that air transport cannot survive without the use of artificial intelligence. There are numerous functions in the machines and management processes that are controlled by the AI. There are a lot of features from booking the tickets to the takeoff and operation of the flights that AI takes care of. AI applications make air transport efficient, fast, safe, and provides a comfortable journey to the passengers.

Changed the face of gaming

These days, we are able to play TV and computer games on the whole new level; all thanks to the artificial intelligence application. We all remember the time when “Super Mario” was the only game considered as the best. Now there are various gaming bots introduced and these will play with you and provide you the great entertainment. Virtual reality is also one example o artificial intelligence.

A great future ahead as well

Engineers are designing machines by studying the human brains and trying to replicate the human intelligence. Although, it is one of the great challenges in engineering, but still a lot has been accomplished from where we began the journey of artificial intelligence. There are numerous benefits of understanding and replicating the brand in artificial intelligence. Apart from treating the brain injuries, diseases, advancements in communication technology, computer simulations, understanding the brain will help to design machines that have a more powerful impact towards the society. Even today we see machines that are capable of performing voice recognition, provide the response to human prompts, monitor and sense the human activities on a day to day basis. However, the future holds much more than what we are able to accomplish today.

A dream to reinvent the world

Scientists are riding on the back of AI when machine intelligence will surpass the human intelligence. Scientists believe that once the AI system starts working in its full capacity, it will reinvent the world that we know today. Think of the world where all the menial tasks such as garbage disposal, construction, digging and so on will be taken care of by the AI application. It will be a time when the hierarchical order dictates the limits of a human. It will be the world where no one will be looked down upon and every human will be considered equal. In this way, the humans can then focus their strengths on higher levels of work to accomplish a lot more and always taking technology to the new heights.

A slight risk

Although there are numerous benefits that are can be seen, but with every great innovation, there is also a certain amount of risk. One of the greatest risks could be of this technology being used for destruction or other foolish activities. If this does happen, the very technology that we create can kill us in the near future. In order to take care of this crucial aspect, there are many organizations and scientists that are pushing for regulatory oversight on AI application and systems. The oversight needs to be on the national and international level so that all the countries can be at peace and experience growth in their respective countries. However, there are various laws, regulatory guidelines, and procedures that monitor the use of artificial intelligence in today’s time, and so the safety of us humans is always the prime concern here.

Artificial Intelligence plays a very important role in not just the development of business and processes but also the humans to the next level. With the rapid growth in technology and development, we can expect a lot more exciting features and uses of AI in the future.

Ryan North

Ryan North is a professional Blogger, Entrepreneur and Banker since 15 years. He has thorough experience in Core Banking, Finance, Software Products and Robotic Process Automation since 2001.

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