The mere mention of Artificial Intelligence (AI) and the brain conjures up images of Terminator machines destroying the world. Fortunately, the current picture is significantly more positive. AI is being used to help our planet and benefit humanity in many ways. In this blog, I will explore how AI has impacted various fields, such as marketing, finance, banking, etc.
AI is becoming essential today because it can efficiently solve complex problems in multiple industries, such as health, entertainment, finance, education, etc. AI makes our daily lives more convenient and faster. For example, AI is used to build autonomous vehicles that can operate with the help of cameras, radar, cloud services, GPS and vehicle control signals. AI-based systems are also widely used in domestic applications such as household applications, home security and security lighting.
Banking is another application where AI is widely used. Automation, chatbots, adaptive intelligence, algorithm trading and machine learning are all used in financial activities. Banks are using systems or software based on artificial intelligence to provide customer service and identify anomalies and fraud. AI is invaluable to the banking industry when it comes to fraud detection as pattern recognition can be difficult for humans but robots excel at it.
The gaming industry is the best example of intelligent AI applications as it is on this platform that many changes take place in the final objective. Companies use artificial intelligence to develop and improve technology and software that allow their vehicles to brake, change lanes and park automatically. Consumers are also being offered intelligent assistants equipped with artificial intelligence. Marketers are increasingly allocating budgets to the implementation of artificial intelligence since machine learning has dozens of uses when it comes to successfully managing marketing and advertising campaigns.
With an advanced set of sensors, each Waymo vehicle collects data and uses artificial intelligence to decipher what will happen next. Companies use artificial intelligence to implement chatbots, predict purchases and collect data to create a more customer-centric shopping experience. In addition, applications based on artificial intelligence notify passengers about the rise and fall in prices and about the offers available when booking tickets. AI also allows retailers to improve their customer experience on and off their websites. AI implements computer vision, image detection and deep learning to build cars that can automatically detect objects and circulate without human intervention. With advances in image recognition and the doubling of AI research, Meta is counting on artificial intelligence to help control the world's largest media platform.
