The Top 14 Artificial Intelligence Applications in 2023
Vimal Ramachandran
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Artificial intelligence (AI) is machine-delivered intelligence that mimics human behavior or thought and can be programmed to address issues. AI is a hybrid of machine learning and deep learning techniques. Artificial intelligence models that have been trained using massive amounts of data can make intelligent decisions.
Figures and facts about Artificial Intelligence
- Statista predicts that global revenue from artificial intelligence (AI) software will reach 126 billion dollars (about $390 per person in the US) by 2025.
- According to Gartner, 37% of organizations have adopted AI in some form. Over the last four years, the percentage of businesses using AI has increased by 270%.
- According to Servion Global Solutions, AI will power 95% of customer interactions by 2025.
- According to Statista’s most recent 2020 report, the global AI software market will grow by 54% year on year, reaching USD 22.6 billion.
- Let us now look at how AI is being applied in various domains.
Applications of AI
1. AI Application in E-Commerce
Customized Retail
Recommendation engines are made possible by artificial intelligence technology, allowing you to interact with your customers more effectively. Their browsing history, preferences, and interests are taken into consideration when making these recommendations. It increases brand loyalty and aids in the strengthening of relationships with your customers.
Intelligent Assistants
For online shoppers, chatbots and virtual assistants improve the user experience.. The conversation uses natural language processing to make the sound as natural and intimate as possible. These assistants can also interact in real time with your customers. Did you know that chatbots will soon be able to handle customer service on Amazon.com?
Fraud Avoidance
Two of the biggest problems faced by e-commerce businesses are credit card fraud and fake reviews. AI can assist in lowering the likelihood of credit card fraud by taking usage patterns into account. Many customers decide to buy a product or service after reading customer reviews. Artificial intelligence (AI) can assist in spotting and handling fake reviews.
2. Automated Administrative Tasks to Support Teachers
Artificial intelligence can assist educators with non-educational tasks like managing enrollment, courses, and HR-related matters, as well as task-related responsibilities like facilitating and automating personalized messages to students, back-office duties like grading paperwork, planning and facilitating parent and guardian interactions, and facilitation of routine issue feedback.
Making Intelligent Content
Artificial intelligence can be used to digitize content such as video lectures, conferences, and textbook guides. For students in various grades, we can customize learning content and apply various interfaces, such as animations.
By producing and providing audio and video summaries and integral lesson plans, artificial intelligence contributes to the creation of a rich learning experience.
Virtual Assistants
A student can access extra learning material or assistance through voice assistants without even the direct involvement of the lecturer or teacher. This cuts temporary handbook printing costs while also providing quick answers to frequently asked questions.
Personalized Education
Hyper-personalization techniques can be used to thoroughly monitor students’ data using top AI technologies, and habits, lesson plans, reminders, study guides, flash notes, frequency of revision, and so on can be easily generated.
3. Lifestyle Applications of Artificial Intelligence
Our way of life has been significantly impacted by artificial intelligence. Let’s discuss a few of them.
Autonomous Vehicles
Toyota, Audi, Volvo, and Tesla use machine learning to train computers to think and evolve like humans when it comes to driving in any environment and detecting objects to avoid accidents.
Filters for Spam
The email we use every day has AI that filters out spam emails and sends them to spam or trash folders, allowing us to see only the filtered content. Gmail, a popular email provider, has achieved a filtration capacity of approximately 99.9%.
Facial Recognition
Our favorite devices, such as phones, laptops, and PCs, use facial recognition techniques to detect and identify users to provide secure access. Apart from personal use, facial recognition is a widely used AI application in a variety of industries, including high-security areas.
System of Recommendation
Various platforms that we use in our daily lives, such as e-commerce, entertainment websites, social media, video sharing platforms such as YouTube, and so on, all use the recommendation system to collect user data and provide personalized recommendations to users to increase engagement. This is a very common artificial intelligence application in almost every industry.
4. Navigational Applications of Artificial Intelligence
GPS technology, according to MIT research, can provide users with accurate, timely, and detailed information to improve safety. The technology employs a combination of a convolutional neural network and a graph neural network to make users’ lives easier by automatically detecting the number of lanes and road types behind road obstructions. Uber and many logistics companies use AI to improve operational efficiency, analyze traffic, and optimize routes.
5. Robotics Applications of Artificial Intelligence
Another field where artificial intelligence applications are commonly used in robotics. AI-powered robots use real-time updates to detect obstacles in their path and instantly plan their journey.
It can be utilized for several things, such as:
- Goods transportation in hospitals, factories, and warehouses
- Cleaning offices and large machinery
- Inventory control
6. Artificial Intelligence Applications in Human Resources
Did you know that businesses use intelligent software to make the hiring process more efficient?
Blind hiring is aided by artificial intelligence. You can examine applications using machine learning software based on specific parameters. AI-powered systems can scan job candidate profiles and resumes to provide recruiters with an understanding of the talent pool from which to choose.
7. Artificial Intelligence Applications in Healthcare
In the healthcare industry, artificial intelligence has numerous applications. AI applications are used in healthcare to create sophisticated machines capable of detecting diseases and identifying cancer cells. By analyzing lab and other medical data, artificial intelligence can aid in the early detection of chronic conditions. AI uses a combination of historical data and medical intelligence to discover new drugs.
8. Agriculture Artificial Intelligence Applications
To detect soil flaws and nutrient deficiencies, artificial intelligence is used. Using computer vision, robotics, and machine learning applications, AI can determine where weeds are growing. AI bots can harvest crops at a greater volume and rate than human laborers.
9. Artificial Intelligence gaming applications
Another industry where artificial intelligence applications have gained traction is gaming. Artificial intelligence (AI) can be used to create intelligent, human-like NPCs that interact with players.
It can also predict human behavior, which can aid in game design and testing. Throughout the Alien Isolation games, which were released in 2014, the AI follows the player. The game makes use of two artificial intelligence systems: the “Director AI,” which is always aware of your location, and the “Alien AI,” which is driven by sensors and is constantly watching out for the player.
10. Artificial Intelligence Applications in Automobiles
Self-driving cars are built using artificial intelligence. To operate the vehicle, AI can be used in conjunction with the camera, radar, cloud services, GPS, and control signals. AI can enhance the in-vehicle experience by adding features such as emergency braking, blind-spot monitoring, and driver-assist steering.
11. Artificial Intelligence Applications in Social Media
On Instagram, AI takes into account your likes and the accounts you follow to determine which posts appear in your Explore tab.
Facebook
Deep Text, a tool that uses artificial intelligence, is also used. Facebook can better understand conversations with this tool. It can be used to translate posts from various languages automatically.
Twitter
Twitter uses artificial intelligence to detect fraud and remove propaganda and hateful content. Twitter also uses AI to recommend tweets to users based on the types of tweets they interact with.
12. Artificial intelligence (AI) applications are becoming increasingly popular in marketing.
Applications of artificial intelligence (AI) are widely used in marketing.
- Marketers can use AI to deliver highly targeted and personalized ads by using behavioral analysis, pattern recognition in ML, and so on. It also aids in retargeting audiences at the appropriate time to ensure better results and lower feelings of distrust and annoyance.
- AI can assist with content marketing in a way that is consistent with the brand’s style and voice. It can handle routine tasks such as performance, campaign reports, and much more.
- Chatbots powered by AI, Natural Language Processing, Natural Language Generation, and Natural Language Understanding can analyze user language and respond in human-like ways.
- AI can provide real-time personalization based on user behavior and can be used to edit and optimize marketing campaigns to meet the needs of a local market.
13. Artificial Intelligence Applications in Chatbots
AI chatbots can understand natural language and respond to customers who use the “live chat” feature that many businesses offer. AI chatbots use machine learning to be effective and can be integrated into a variety of websites and applications. AI chatbots can eventually build a database of answers in addition to pulling data from a predefined set of integrated answers. As artificial intelligence advances, these chatbots will be able to effectively resolve customer issues, respond to simple inquiries, improve customer service, and provide 24/7 support. Overall, these AI chatbots have the potential to improve customer satisfaction.
14. Artificial Intelligence Applications in Finance
According to reports, 80% of banks recognize the benefits that AI can provide. Whether in personal finance, corporate finance, or consumer finance, the advanced technology provided by AI can significantly improve a wide range of financial services. Customers seeking assistance with wealth management solutions, for example, can easily obtain the information they require via SMS text messaging, or online chat, both of which are powered by AI. Changes in transaction patterns and other potential red flags that can indicate fraud, which humans can easily miss, can also be detected by artificial intelligence, saving businesses and individuals from significant loss. Aside from fraud detection and task automation, AI can also improve loan prediction and evaluation.
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