Artificial Intelligence (AI) can be defined as a field of computer science that aims to create intelligent machines that can respond and work like humans.
This includes the areas of problem solving, learning, planning and speech recognition. AI can be considered a breakthrough when it comes to artificial intelligence at a level that humanity has never seen before.
Artificial intelligence can significantly change the environment in which we now live. Most standardized work will likely be done by machines rather than people in the near future.
Areas of application of AI
Automotive industry
AI plays a big role in the automotive industry as it is used for processes related to autonomous vehicles. The most well-known companies using artificial intelligence in the automotive industry are Google, Apple and Tesla.
However, there are many other car companies that are using AI to develop self-driving cars. However, such cars are still perceived quite skeptically by the general public. This is due to the fact that people do not want to lose control.
There have also been accidents involving self-driving cars. As such, self-driving cars are a big application area for artificial intelligence, although there is still a lot of work to be done until mass production of autonomous vehicles is possible.
Healthcare
AI can also play an important role in healthcare as it can be used to identify risk groups for certain diseases. Moreover, with the help of artificial intelligence, it is possible to more accurately predict the development of diseases, and make decisions regarding the treatment of these diseases in a more effective way.
It is possible that in the future intelligent machines will become the most important source of information about how to treat a person.
Finance
AI in finance, economics and banking can be used to detect fraud and other nasty activities. Because AI is quite good when it comes to logical reasoning, it can find irregularities in trading patterns or cash flows better than any human could.
Moreover, AI not only prevents fraud, it can also be used to automate and make processes more efficient.
Government
AI can also work in favor of governments or other official institutions to support surveillance purposes. Since AI is quite good at pattern recognition, it can detect unusual behavior and effectively help in early warning processes for terrorist attacks or other harmful activities.
Military industry
Military operations are an important application of AI because they often involve a large number of plans to effectively carry out these tasks.
It is necessary to take into account the strategy of opponents, as well as evaluate dynamic changes in the situation on a regular basis. AI has the potential to perform these tasks much better than humans as it has much greater power in terms of logical thinking.
Advertising
AI can also be used in advertising. People and their reactions to advertising can be predicted quite effectively using AI.
Consequently, marketing budgets can also be used more efficiently and companies’ costs of acquiring new customers can be reduced with the help of artificial intelligence.
However, there are some rules that prohibit companies from using people’s data to a certain extent, making it difficult to use AI for marketing purposes.
Art
AI is also used in art. It can be used for visual art and other types of technology. Certain algorithms are used to visualize art using machine learning techniques.
Games
AI can also be used to create complex video games and simulations. Processes and processing power can be improved. Moreover, AI can also inspire game developers. Thus, companies that use AI will be able to meet consumer needs much better than companies that refrain from using AI, and will therefore have a great competitive advantage.
Advantages of artificial intelligence
Complex logical reasoning
Thanks to neural networks and machine learning, AI also shows chances for complex logical thinking skills. This reasoning skill is extremely powerful when it comes to problem solving.
Because AI can process far more data than any human could handle, it can find solutions to problems much faster and with greater accuracy.
High computing power
Artificial intelligence is capable of computing and processing data at tremendous speed because it involves quite high computing power. Thanks to the use of neural networks, he is able to quickly and efficiently find solutions to problems. It is assumed that with the help of AI, the computing power of conventional computers can be significantly increased.
Availability
Because AI often involves self-learning processes that are performed by computers, AI processes can run around the clock. Computers do not need sleep or other recovery time. They can be used for calculations and problem solving when it makes sense to do so. Therefore, AI has a high level of accessibility and can be used to solve all kinds of problems when people need it.
Predictions of future events
Since AI can be considered as an intelligent entity, it is likely that it can also be used to predict the future and needs of people. This is especially important when it comes to infrastructure decisions.
If decision makers know how people want to live in the future, it is easier for them to provide that way of life by creating the appropriate infrastructure. This makes government spending more efficient and saves money that can be used for other purposes.
More efficient processes
AI can also help identify process inefficiencies and contribute to finding solutions to those processes. In many large companies, processes tend to be quite inefficient because employees often put themselves first when there are conflicts between private and corporate interests.
Moreover, management decisions are often made due to selfish behavior rather than rational thinking. Therefore, AI has enormous potential to identify and correct these ineffective processes.
Reducing errors
With the help of artificial intelligence, errors caused by human behavior can be reduced to a certain extent. This could come in the form that after humans complete certain tasks, there is a computer program that can perform effective plausibility tests and identify errors that can be corrected by human action. Therefore, effective error management processes can be configured with AI support to reduce errors.
Replacing people with machines in dangerous jobs
There are some jobs that pose a great danger to human health. For example, firefighters are at risk of dying on the job. In addition, bomb clearance is also carried out by humans to a certain extent. For this kind of work, machines based on artificial intelligence can be of great help as they can replace humans to perform some of these dangerous tasks and hence keep people safe.
Automation of repetitive tasks
Some corporate jobs that are done on a daily basis are quite boring as they involve only a minimal level of creativity and are often the only repetition of certain steps. These works can be transferred to intelligent machines in the near future.
