ARTIFICIAL INTELLIGENCE

 Written by: Ushasi Dey

Edited by: Yashi Shah

              IMPORTANCE OF AI

Artificial intelligence is when machines can learn and make decisions similar to humans. There are many types of artificial intelligence including machine learning, where instead of being programmed what to think, machines can observe, analyze, and learn from data and mistakes just like our human brains can. Due to the tremendous amount of data we generate every day and the computing power available, artificial intelligence has exploded in recent years. 

Many everyday influences of artificial intelligence are altering the way our daily lives look. If someone from the 1950s traveled through time and arrived in 2019, they would marvel at the way we use our smartphones to navigate around town, how virtual digital assistants such as Alexa and Cortana respond to our queries and would be baffled by our addiction to social media channels such as Facebook, Instagram, and Twitter.

Our financial institutions, legal institutions, media companies, and insurance companies are all figuring out ways to use artificial intelligence to their advantage. As business leaders and innovators race to reach the promise of artificial intelligence to deliver a competitive advantage as well as cost and time savings, the technology is altering industries from finance to manufacturing with new products, processes, and capabilities. It's allowing companies to design, produce, and deliver products and services better than ever before.

Artificial intelligence isn't just improving lives; in some cases, it will save lives. There are many companies, including tech companies, that are investing in and researching ways that artificial intelligence can help improve our healthcare system. It’s also an integral part of our safety and security systems. AI has been deployed to enhance our lives as well. Experiments with AI to compose original compositions from books to music, develop recipes based on what’s currently in the cupboard, and even to create works of art are extending the influence of AI on our lives.

AI is important because, for the first time, traditionally human capabilities can be undertaken in software inexpensively and at scale. AI can be applied to every sector to enable new possibilities and efficiencies. AI technology is important because it enables human capabilities – understanding, reasoning, planning, communication, and perception – to be undertaken by software increasingly effectively, efficiently and at a low cost.

Thank you