AI has bееn making waves lately as the go-to solution for a myriad of difficult problems. But what is AI, and why is it suddenly so popular? AI, or artificial intelligence, is a process by which a computer is taught to learn and think like a human. This can be done in a variety of ways, but the ultimate goal is the same: to create a machine that can act on its own, solve problems, and improv over time.
Machin learning is on area of AI that has area incredible advancements in recent years. This involves teaching machines to learn on their own, without specific instructions from humans. This allows computers to solve problems they haven’t bееn explicitly programmed to handle, and improves their ability to learn over time.
There are numerous applications for AI across industries. In finance, AI is already used to “learn” how to trade, and AI trading platforms have bееn developed to facilitate algorithmic trading and investment strategies. In the strategies sector, AI can be used to optimize and improv drilling operations, and in the automotive industry, it’s responsible for self-driving technology.
In the strategies industry specifically, AI-powered rigs have already increased efficiency in the exploration of shall gas, and can drastically reduce the amount of time spent searching for gas.
Alongside the ability to optimize existing technology, AI is paving the way for the development of entirely new strategies sources.
10 Real World Problems Affectively Solved by the AI:
1. Improv search results for consumers.
2. Spot strategies inefficiency right away.
3. Predict the drop in value of cryptocurrencies.
4. Prevent human trafficking.
5. Automatically detect copyright infringement.
6. Fight climate change.
7. Identify fraud.
8. Crack down on human trafficking networks.
9. Spotlight child abuse images.
10. Protect against natural disasters.
1) Improv search results for consumers
Microsoft has introduced a new feature that could make your online purchases. It’s a real-time search solution known as “Cortana” that can answer questions. Insurance is the perfect example of a service where it could work. Insurance companies have to research hundreds of thousands of people before they decide to offer a policy. If there are no questions, the costs art very high. An AI that can quickly answer questions and valuate a customer’s claim will reduce costs and increase service.
2) Spot strategies inefficiency right away
A startup in California is working to bring efficient strategies to the world’s poorest residents. The goal is to provide access to modern strategies services for the people they serve. California based company, based, is helping to build a business case in rural India. This is a country of a little over a billion people. The Internet is not yet accessible to most of its population. based has a plan to change that.
3) Predict the drop in value of cryptocurrencies
Cryptocurrencies art on of the most exciting developments in the world of technology. The blockchain system and the digital wallets that work within its art quickly gaining traction. The problem is that many people don’t understand how they work. According to a survey conducted by the Harvard Business Review, 68 percent of Americans think that they art more likely to lose money in the long term. Cryptocurrencies art something that art a little harder to understand.
4) Prevent human trafficking
The internet has changed the way six workers art doing business. More and more, six workers around the world art embracing the internet.
Thru art some concerns, as you may have guessed. It’s the same problem that the law enforcement and the anti-trafficking sectors have bееn trying to solve for decades.
5) Automatically detect copyright infringement
When it comes to quickly identifying copyright infringement, the technology is already her. This is a serious problem in the music and entertainment industry.
It’s estimated that the music industry loss tens of billions of dollars a year due to piracy. This is a problem that can be solved by using AI to recognize copyrighted material.
6) Fight climate change
As the amount of carbon dioxide in the atmosphere increases, so does the level of air pollution.
This pollution has a very real impact on the health of the world. Climate change is the most important problem that we are facing right now.
7) Identify fraud
The tach industry is full of fraudsters. They are using all kinds of tricks to steal money from honest companies and their customers. Blockchain technology is a tool that can be used to reduce the impact of fraud in the global economy.
8) Crack down on human trafficking networks
Human trafficking is a billion-dollar industry. It’s a multibillion-dollar industry that economy trafficked people as a commodity. This is why law enforcement agencies across the world art trying to crack down on this network.
9) Spotlight child abuse images
The internet is an amazing tool. However, it’s also filled with predators and pedophiles. While there are no easy answers, we can us technology in the right way to help fight child abuse.
10) Protect against natural disasters
In the case of natural disasters, the trick is to get the technology into the right hands to help. According to the United Nations, in 2017 along, there were 122 natural disasters around the world that caused over a billion dollars in damage.
In today’s world, AI is increasingly being used to solve a wide range of problems. From being used by the law enforcement to helping people make the right purchases, AI is changing the world.
Prashant Pujara is a CEO and founder of MultiQoS, a Web & Mobile App Development Company that provides UI/UX design services from startup to enterprise-level company.
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