How artificial intelligence is transforming the world?

Artificial intelligence (AI) is the technology used for equipping computer systems with the ability to make decisions like humans.The aim is to mimic human intelligence for performing complex tasks such as speech recognition, pattern recognition, weather forecast and much more.

Despite its widespread lack of familiarity, AI is a technology that is transforming every walk of life. It is a wide-ranging tool that enables people to rethink how we integrate information, analyze data, and use the resulting insights to improve decision-making.It helps in automating tasks such as traffic, scheduling trains, making business predictions and designing driverless cars!AI has received increased attention in recent years. Innovation, made possible through the Internet, has brought AI closer to our everyday lives.

Other than that AI will be used further to analyze interactions to determine underlying connections and insights, to help predict demand for services like hospitals enabling authorities to make better decisions about resource utilization, and to detect the changing patterns of customer behaviour by analyzing data in near real-time, driving revenues and enhancing personalized experiences. The collection of “Big Data” and the expansion of the Internet of Things (IoT), has made a perfect environment for new AI applications and services to grow.Some of the current uses of AI are as follows:

Email filtering: Email services use artificial intelligence to filter incoming emails. Users can train their spam filters by marking emails as “spam”.

Personalization: Online services use artificial intelligence to personalize your experience. Services, like Amazon or Netflix, “learn” from your previous purchases and the purchases of other users in order to recommend relevant content for you.

Fraud detection: Banks use artificial intelligence to determine if there is strange activity on your account. Unexpected activity, such as foreign transactions, could be flagged by the algorithm.

Speech recognition: Applications use artificial intelligence to optimize speech recognition functions. Examples include intelligent personal assistants, e.g. Amazon’s “Alexa” or Apple’s “Siri”.

At a very high level, artificial intelligence can be split into two broad types: narrow AI and general AI.

Narrow AI is what we see all around us in computers today: intelligent systems that have been taught or have learned how to carry out specific tasks without being explicitly programmed how to do so.This type of machine intelligence is evident in the speech and language recognition of the Siri virtual assistant on the Apple iPhone, in the vision-recognition systems on self-driving cars. General AI is very different, and is the type of adaptable intellect found in humans, a flexible form of intelligence capable of learning how to carry out vastly different tasks, anything from haircutting to building spreadsheets, or reasoning about a wide variety of topics based on its accumulated experience. This is the sort of AI more commonly seen in movies, the likes of HAL in 2001 or Skynet in The Terminator, but which doesn't exist today – and AI experts are fiercely divided over how soon it will become a reality.

Practically all of the achievements mentioned so far stemmed from machine learning, a subset of AI that accounts for the vast majority of achievements in the field in recent years. When people talk about AI today they are generally talking about machine learning. Currently enjoying something of a resurgence, in simple terms machine learning is where a computer system learns how to perform a task, rather than being programmed how to do so.To learn, these systems are fed huge amounts of data, which they then use to learn how to carry out a specific task, such as understanding speech or captioning a photograph. The quality and size of this dataset is important for building a system able to accurately carry out its designated task. For example, if you were building a machine-learning system to predict house prices, the training data should include more than just the property size, but other salient factors such as the number of bedrooms or the size of the garden.

The AI market will grow to a $190 billion industry by 2025 with global spending on cognitive and AI systems reaching over $57 billion in 2021. With AI spreading its wings across sectors, new jobs will be created in development, programming, testing, support and maintenance.By 2030, AI automation is expected to create more than 70 million jobs.AI will create jobs in areas such as testing, support, maintenance, programming and data science.