Artificial intelligence is here, everyone, and according to experts, it is here to stay. Artificial intelligence is innovative, it’s transformative and it’s developing right in front of our eyes.
Let’s reflect on what artificial intelligence is, exactly.
“Artificial intelligence is the simulation of human intelligence processes by machines, especially computer systems. These processes include learning (the acquisition of information and rules for using the information), reasoning (using the rules to reach approximate or definite conclusions), and self-correction.” TechTarget reports.
In other terms, artificial intelligence is all about robots taking over the world. (Just kidding.) It’s simply an umbrella term that represents how smart computers are getting smarter, as they mimic human like behavior by performing duties like identifying and assessing data patterns.
Terms like machine learning and algorithms are associated with artificial intelligence. These tools work to speed up productivity, ultimately benefiting business operations. The leading industries we work with are using artificial intelligence to the best of its ability.
For instance, the finance industry frequently uses AI for a bunch of resources, such as online banking, robot advisors, and fraud detection. We’ve talked a lot about the finance industry using artificial intelligence in Digital Diary posts. (You can view an informative post all about robot advisors here.)
As consumers, we use artificial intelligence in our daily lives sometimes without even realizing it. For instance, when you pick up your phone to use Siri, you’re using artificial intelligence. Do you have an order ready for Amazon? That’s artificial intelligence. Do you like Pandora or Netflix? Then you are also a fan of AI. (Okay, before we get carried away…)
Let’s reflect on a few artificial intelligence trends that are predicted to take off as 2018 approaches.
The iPhone And Artificial Intelligence
We see artificial intelligence make headlines weekly, as it is being incorporated into our daily life functions. We have seen it integrated into smart devices, making mobile phones smarter and capable of delivering an innovative experience for users.
“AI has become increasingly central to smartphones, powering everything from the speech recognition to tiny software tweaks. But to date, AI features on mobile devices have been mostly powered by the cloud.” The Verge reports.
Apple proves this to be true after yesterday’s announcement of the new iPhone X, which relies heavily on artificial intelligence.
This new iPhone will possess elements such as face detection, powered by an A11 bionic neural engine, which is meant to handle a bulk of artificial intelligence tasks.
Apple is not the first enterprise to experiment with AI, Google and Microsoft have also designed chips that are designed to carry out AI functions in data centers.
Healthcare Will Get Smarter
Accenture predicts that the healthcare industry will continue to incorporate artificial intelligence into operations over the next couple of years.
“Growth opportunities are hard to come by without significant investment, but artificial intelligence (AI) is a self-running engine for growth in healthcare. According to Accenture analysis, when combined, key clinical health AI applications can potentially create $150 billion in annual savings for the US healthcare economy by 2026.” Accenture reports.
Some of the tasks that will become smarter due to artificial intelligence include robot assisted surgery, visual nursing assistants, fraud detection, connected machines, and cyber security.
This will change how healthcare professionals carry out tasks and will work to lift the tedious burden found on clinicians, as well as offer innovative tools to physicians that will ultimately make their jobs easier and more effective.
Artificial intelligence is predicted to only get smarter, move industries toward innovation, and change digital transformation forever.
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