Artificial Intelligence (AI) was first coined in 1956, for its use in academic discipline. Initially problem-solving employed the use of AI. Nowadays, high volume data, computing power, storage and advanced algorithm applies AI. AI has been developed into intelligent personal assistants. Resulting in new age software’s like Cortana, Siri, Alexa and others. These innovations have ultimately laid the groundwork for automation and reasoning, that is seen in computers recently. Mostly depicted as robots, driven towards world domination in Fiction films; AI has found a strong footing in the business world.
Use of Artificial Intelligence and it’s footing in 21st Century
Big Data being the atom for any relevant interpretation of ideas, the huge amount of data can often be difficult for the human brain to process. AI can transform such data into an easy-to-interpret form. A noteworthy feature of AI, is its capability to analyze data faster than a human brain. As a result of which many business enterprises look forward to utilizing AI to its advantage. Along with processing big data, AI can corporate fresh, ever-changing data in its analysis. This, proves to be of major advantage, because humans do not possess such analyzing powers.
With the technological advancements happening all around us, the popularity of startups are on the rise. This has resulted in the utilization of AI opening up greater access, to a broad set of audience and new users unlike anything we have witnessed before. AI empowers and develops agents that helps them understand its environment, perform actions. This ultimately increases the chance of success in achieving a goal.
AI and Its uses
Financial Services, Healthcare and Retail uses AI. In IT for a variety of purposes, from fraud detection to language mining. From client management, to risk prediction, from robot-assisted surgeries to healthcare management. A wide range of industries that requires multi-tasking, makes the use of machine learning AI.
Companies like Expostores has been efficiently using it to its advantage for supply management and asset building. Global Trading is as simple as buying items from our next door grocery shop, thanks to Artificial Intelligence. Innovators are no longer afraid to set their ideas into motions.
AI with its technology has given wings to thousands of people, to move forward with their dream of opening their startups successfully, without much financial backup. Consequently, if this can’t be termed as a step towards innovation and a modern reality, then what is?