AI: What It Can Do For You Right Now
Artificial intelligence has come a long way over recent years. Thanks to technological advancements in areas such as data science, computer vision, natural language processing, and machine learning algorithms, artificial intelligence (AI) now has applications across many industries and sectors. These include healthcare, finance, education, transportation and logistics, marketing and sales, agriculture, customer service, engineering, automotive, entertainment, law enforcement, telecommunications, retail and fashion, hospitality, among others.
One area where artificial intelligence (AI) may have a huge impact is in financial services like insurance, banking, investments, lending, credit scoring, asset management and stock trading. AI powered chatbots and virtual agents can handle more routine transactions such as transferring funds or paying bills while other advanced techniques like sentiment analysis or predictive analytics can give banks deeper insight into their customers’ behaviour and needs. Investment advisors could even use machine learning to develop personalized portfolios based on each client’s risk tolerances and goals.
In medicine, AI is already transforming how medical professionals approach patient care and research by creating new digital tools and platforms tailored specifically to them. One key function that may have a huge effect is drug discovery. With access to vast amounts of medical literature and genetic databases, AI-powered systems are finding new indications and molecules that were previously overlooked. Another example is diagnostic imaging; instead of relying solely on human eyes, these systems will learn from large datasets of images — including those annotated by experts — so they know what normal vs abnormal looks like for certain conditions.
Finally, one fascinating example of how AI technology might change our daily lives is through autonomous cars. As we speak, companies are working hard on perfecting driverless vehicle software using deep reinforcement learning techniques which means cars don’t need to rely on maps anymore but rather drive in real time using neural networks. As vehicles become increasingly smarter this could revolutionize everything from road safety to urban planning – imagine cities built around self-driving shuttles or buses instead of private cars driven individually with human drivers. This would be a major breakthrough since driving is the deadliest activity we routinely undertake in industrialised countries. We save thousands of lives every year due to safer traffic – all thanks to machines teaching themselves better than humans currently can.
