Friday, January 13, 2023

AI applications, advantages, disadvantages & importance

 Hey everyone! I am writing about AI application, advantages and disadvantages and importance, as I mentioned in pervious Article.

/*Lets discuss some history of AI*/

Artificial Intelligence History

In the 1950s, early AI exploration concentrated on problem working and emblematic approaches. The US Department of Defense came interested in this type of work in the 1960s, and began tutoring computers to emulate abecedarian mortal logic. In the 1970s, the Defense Advanced Research Studies Agency (DARPA), for illustration, shouldered road mapping systems. And, long before Siri, Alexa, or Cortana came ménage names, DARPA developed intelligent particular sidekicks in 2003.

This early work paved the way for the robotization and formal logic that we see in computers moment, including decision support systems and smart hunt systems that can be designed to round and compound mortal capacities.

1950s–1970s Neural Networks :
Early work with neural networks stirs excitement for “allowing machines”.
1980s--2010s :Machine learning Becomes popular. 
Present day: Deep learning breakthroughs drive AI boom.

Why  artificial intelligence is important?

AI automates repetitive reading and discovery via records. Alternatively automating guide tasks, AI plays frequent, high-volume, automated tasks. And it does so because it have to be and with out fatigue. Of course, human beings are all even though critical to installation the machine and ask the proper questions. 
AI gives intelligence to current merchandise. Numerous merchandise you already use might be superior with AI capabilities, similar to Siri come to be added as a characteristic to a ultra-cutting-edge era of Apple merchandise.
Computerization , casual platforms, bots and clever machines may be combined with big quantities/data of records to enhance many technologies. Upgrades at domestic and withinside the workplace, variety from safety intelligence and clever cams to funding analysis.
AI adapts via contemporary-day reading algorithms to allow the records do the programming. AI reveals shape and regularities in records simply so algorithms can acquire skills. Just as an set of policies can educate itself to play chess, it is able to educate itself what product to indicate subsequent online. And the fashions adapt while given new records.

AI analyzes greater and deeper records the use of neural networks which have many hidden layers. Structure a imposture detection machine with 5 hidden layers have become impossible. All that has modified with exquisite laptop power and large records. You want plenty of records to educate deep reading fashions due to the truth they research at once from the records.

AI receives the maximum out of records. When algorithms are self-reading, the records itself is an asset. The solutions are withinside the records. You actually have to test AI to discover them. Since the region of the records is now greater crucial than ever, it is able to create a submissive advantage. If you’ve been given the wonderful records instead of other industry, despite the fact that every body is making use of comparable strategies, the wonderful records will win.

 Applications of Artificial Intelligence

There is a great need for AI capabilities across all industries, including systems that can be used for automation, learning, legal assistance, risk reporting and investigations. Specific uses of AI in industry include:

1. Health Care

AI apps can provide personalized medicine and x-ray measurements. Personal health assistants can act as life coaches, reminding you to take your pills, exercise, or eat healthier food.

2. Retail

AI offers virtual shopping opportunities that offer personalized recommendations and discuss shopping options with consumers. Site design and warehouse management technologies are also being enhanced with AI.

3. Manufacturing

AI can analyze factory IoT data as it travels from connected devices to forecast the expected load and demand using repetitive networks, a special type of deep learning network that is streamlined with Data is used.

4. Life Sciences

From ensuring drug safety to getting new therapies to market faster, artificial intelligence technologies can unleash the full potential of data to solve some of our biggest health problems.

5. Banking

Finance is known to be a sensitive issue, where too many things require sharp focus and extreme finesse. .A can do it right now without breaking a sweat.
Another potential field for AI is customer service. As artificial intelligence is increasingly able to process large amounts of information, banks can move to the next level and provide better, smoother and better customer service. You can also collect information on customer behavior that can later help improve overall service.

Advantages and disadvantages of Artificial Intelligence

:- Advantages of AI

° Zero Human Error

Because of this, the adoption of Artificial Intelligence has exploded in various fields. When human error can be completely eliminated, you will get accurate results. The problem lies in the correct programming.
 Machines make precise decisions based on the prior information they gather over time while applying certain algorithms. Hence, there is a reduction in error and a spike in precision.

° Artificial intelligence machines can make decisions quickly

The use of artificial intelligence and other technologies can help machines make data-driven decisions much faster than humans.

Why trust the decisions of a machine?

° Simple – Lack of emotion and biased viewpoints.

When a person makes a decision, much of it is driven by emotions. A machine, on the other hand, is very practical and rational in its approach. More precise and result-oriented decision-making.

° In day 24 hours , in week 7 days availability

There are many studies that show that people are productive only 3-4 hours a day. People also need breaks and breaks in order to reconcile work and private life. But AI can run endlessly without interruption. Much faster than people and multitask with accurate results. With the help of AI algorithms, they can even cope with tedious, repetitive tasks with ease.

:- Disadvantages of AI

° AI-Enabled Machines Are High Costs

Given the complexity an AI-enabled machine handles, it makes sense that *AI-powered initiatives can be costly*. Developing a machine that can mimic human logic and reasoning requires a lot of resources and time, which makes it quite expensive.

° Machines lack creativity

The problem with machines is that they work on schedule. While artificial intelligence has made machines adaptive over time, they cannot learn to think outside the box. A machine always analyzes a situation in terms of preferred data and past experiences. It’s difficult for a machine to be creative in its approach.

° Unemployment Rising

Perhaps one of the biggest drawbacks of artificial intelligence is that AI is slowly replacing a series of repetitive tasks with bots. The reduction in the need for human interference has resulted in the death of many job opportunities.

° Make people lazy

AI applications automate most tedious and repetitive tasks. Since we don’t have to memorize things or solve puzzles to get our work done, we tend to use our brain less and less. This reliance on AI can cause problems for future generations.

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-----> AI may temporarily replace some job roles, but overall it will increase global productivity and there will always be a need for people. Some parallels can be drawn from history as to how the invention of the steam engine changed manual labor and led to industrial work.

#ArtificialIntelligence #machinelearning  #banking  #retailmarketing #Healthcare