Inspiration
Task assigned from MLH Share
How we built it
We combined all that we learnt about Artificial Intelligence
What we learned
we learnt many things about the AI and the accomplishments of AI in the current years and the future scope
What is AI
Artificial intelligence is intelligence demonstrated by machines, unlike the natural intelligence displayed by humans and animals, which involves consciousness and emotionality. Artificial intelligence has made it possible to deposit cheques from the comfort of your home. AI is proficient in deciphering handwriting, making online cheque processing practicable. The way fraud can be detected by observing users' credit card spending patterns is also an example of artificial intelligence.
Top AI trends
Evolution of robotization A legion of programmed robots replacing workers at the assembly line has become the most recurring and powerful image when we think of AI. Robotization is already underway, with a lot of companies trying their hands at robots for different purposes.
Data access enabling ubiquity Data may or may not be the new oil, but it is certainly fueling and fortifying AI and making it more versatile. What often hinders the transition to AI-powered automated decision making is the lack of accurate and reliable information. This is among the major challenges which are gradually being overcome with the ongoing digitalization and options like a simulacrum of the real world.
Enhanced customization For staying ahead of their competitors and preparing themselves for the hyper-transforming realm of business, companies fall over themselves to gain insights in real-time, know about customer preferences and deliver services to them accordingly. Real-time data and all-pervasive location intelligence has mainstreamed customized services in almost every field, from urban mobility to online marketplaces.
Boosting Cybersecurity Mounting concerns about data privacy and security breach have also lead to questions being raised about the security preparedness in the age of AI and IoT. It is estimated that by 2020 over 24 billion devices connected to the internet would be installed. The number of connected devices used in households is predicted to increase from 9 devices per household currently to 500 by 2022, as per the research house Gartner.
AI complementing humans Bill Gates, Microsoft founder and philanthropist, said last year that AI can be our friend and be beneficial for the society. AI won’t compete or supersede humans. Nor would there be a ‘rise of machines’ like ominous scenario.
AI is making lots of progress in the scientific sector. Artificial Intelligence can handle large quantities of data and processes it quicker than human minds. This makes it perfect for research where the sources contain high data volumes.
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