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Top 10 Industrial Applications of Artificial Intelligence

Submitted By: 

Neha Rastogi
A long time ago machines and computers were invented to reduce manual efforts and time so as to perform the tasks efficiently. After a lot of growth and development in the field, we have finally come to a stage where almost everyone has access to technology. However, this is actually just a beginning because the upcoming advancement is going to take a much bigger and better shape in the form of Artificial Intelligence.

Although AI is a branch of computer science, today there’s no field which is left unaffected by this technology. The aim is to teach the machines to think intelligently just the way humans do. Till now, the machines have been doing what they were told to do but with AI they will be able to think and behave like a human being. The study focuses on observing the thinking and learning a pattern of humans and then the outcome is used to develop intelligent softwares and systems.

Today tech giants like Google, Microsoft, and IBM are highly involved in studying developing the technology which has already started bringing a revolutionary change. Although it is going to shape our future, yet we need to know how it’s affecting our present life. So, in order to give you a glimpse of the same, we are here with a list of top 10 industrial applications of AI, which is as follows:

1. Journalism

In today’s digital world, reading blogs and articles has become a common practice for most of us but hardly do we realize that some of them are actually written by machines. Although it can’t be used for writing in-depth articles but the simple reports that don’t require much analysis can be easily prepared by AI.

Companies like AP and Yahoo! are using AI to prepare simple reports related to sports and elections that would take a lot of time if done manually. According to Automated Insights which introduced Wordsmith, many data-driven entities including real estate and e-commerce are using this platform. Well considering this trend, it won’t be wrong to say that soon we may witness the generation of fully automated writings and that too in different tones.

2. Entertainment

Recommended: 10 Innovations in Video Games that are Ruling the Industry

Use of Artificial Intelligence is quite popular in the entertainment industry. Whether it’s the video games or music apps, we all are well aware of the concept. Talking about games, the idea is not new and is being utilised from the very beginning but today it has just grown exponentially. Games like Middle Earth, Far Cry are known for imparting personalities to the characters where they find objects, shoot, take cover and do everything possible for victory.

Similarly, for music and movies, the users are recommended to watch or listen to certain creations based on the decisions made in the past. If the user is frequently clicking on a specific genre then that will be regarded as the section that he/she may take interest in and it will be displayed in a separate section, saying ‘you may also be interested in’.

3. Online Retail Stores

With the introduction of online retail stores, people have started making the online purchase a habit which is quite at its peak right now. These websites also use artificial intelligence in certain ways like recommending the customers what to purchase depending upon his/her past purchases or items put in the search box. Another way is providing chat bots for seeking guidance or for solving queries.

Reports say that AI is going to make shopping more personal for the shoppers and simplify things for the retailers. In the next few years, this technology will be playing a significant role in the retail industry. Well, it will be interesting to see what the future holds for the online retail stores.

4. Automobiles

It’s a well-established fact that Google’s Driverless cars and Tesla’s Autopilot features have already paved their way towards the introduction of AI in automobiles. Whether it’s self-parking, detecting collision, blind spot monitoring, voice recognition, or navigation, it’s almost like the car is acting as an assistant to the owner and teaching different ways of a safe driving.

Elon Musk, popularly known as the founder of Tesla Motors, tweeted that soon a day will come when people will be able to ‘Summon’ their car wherever they want to and it will reach there on its own using navigation and track the location of the person. He is even working on introducing a fully automated transportation system that will use levitation for the commute.

5. Banking & Finance

Owing to the increase in the amount of financial data, a lot of financial services have resorted to Artificial Intelligence. Robots are much quicker in analyzing market data to forecast change in stock trends and manage finances as compared to the human counterparts. They can even use algorithms to offer suggestions to the clients involving simple problems.

Similarly, banks are using AI to keep a track of the customer base, addressing their needs, suggesting them about different schemes and what not. Often when there is a suspicious transaction from the users’ account, they immediately get a mail to confirm that it’s not an outsider who is carrying out that particular transaction.

6. Healthcare

Artificial Intelligence is also performing a lot of important work for the healthcare industry. It is being used by doctors in assisting with the diagnosis and treatment procedures. This reduces the need for multiple machines and equipment which in turn brings down the cost.

Sedasys System by Johnson & Johnson has been approved by FDA to deliver anesthesia to patients automatically in standard procedures. Apart from this, IBM has introduced Watson which is an artificial intelligent application. It has been designed to suggest different kinds of treatments based on the patients’’ medical history and has been proved to be very effective.

7. Manufacturing

Manufacturing is one of the first industries that has been using AI from the very beginning. Robotic parts are used in the factories to assemble different parts and then pack them without needing any manual help. Right from the raw materials to the shipped final products, robotic parts play an imminent role in most of the entities.

However, artificial intelligence is going to make more modifications in a way that more complicated goods will be manufactured and assembled with the help of machines like automobiles and electronic goods.

8. Online Customer Service

Several websites offer customers to chat with their representative in case of a query or grievances. However, most of the time these are not humans; rather these are chat bots that are trained to respond and extract the required knowledge from the site and present it to the customer.

These bots utilise natural language processing to interpret the customer’s query by focusing on the keywords and then in response, the required data is fetched. However, it’s not quite easy for a robot to understand it because there’s a huge difference between the human and machine language. Reportedly, progress is being made on that front too and hopefully, soon we’ll be having a robot that could communicate with humans on its own.

9. Home Appliances

Also Read: 10 Real Life Instances of Internet of Things

All the smart devices and gadgets used in our daily lives that feature IoT technology also make use of Artificial Intelligence. The technique is to learn the behavior and usage pattern shown by the user and then accordingly the appliance starts behaving in a similar manner on its own without needing any instructions.

If we talk about specific electronic appliances, then thermostat and smart light features utilize AI quite interestingly. It can set the temperature of your home just the way you want it at different hours of the day. Likewise, the light effects can be modified with the amount of dimness and brightness as preferred by the user at different time periods.

10. Smartphones

The most common application of AI can be seen in our mobile phones in the form of Virtual Personal Assistants. Siri, Cortana, and Google Now are some very commonly used digital assistants that are found in iOs, Android and Windows phones. These can answer whatever you ask them like “What movie is going to be released this Friday?” or “Who is Stephen Hawking?”

These applications collect information in order to interpret what is being asked by the user and then the required data is fetched to suit the user’s preferences. There is a huge amount of learning involved on the part of these assistants and a lot of information is tracked to ensure efficiency.

Conclusion

Artificial Intelligence has been growing in all the technologically relevant fields but it is also spreading in the areas where nobody had imagined it to be. This may sound like a progress but it can be equally disruptive in future. It is believed that AI is a very sensitive issue and if not handled with care, it could end up imparting ‘Superintelligence’ to machines which would make them even more intelligent than humans. 

]]>In a recent report]]>, Mr. Stephen Hawking said, “It will bring great disruption to our economy, and in the future, AI could develop a will of its own that is in conflict with ours.”

So, the bottom line is that it’s great to have a machine by our side which can imitate human intelligence but at the same time we have to think to what extent we are letting that thing take over.

Comments

First time visiting engineersgarage.com - well done!
First time visiting engineersgarage.com - well done!

<p>This is how you write a paragraph</p>

Yes, I agree with this article. Applications of Artificial intelligence is huge, it will be used in healthcare industry, fraud detection, banking and finance, insurance and much more.

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