ARTIFICIAL INTELLIGENCE

ARTIFICIAL INTELLIGENCE

Source : Google

Artificial Intelligence is the ability to perform cognitive functions as humans do, such as perceiving, learning, reasoning and solving problems. The benchmark for AI is the human level concerning in teams of reasoning, speech, and vision.

Artificial intelligence is a buzzword today, although this term is not new. In 1956, a group of avant-grade experts from different backgrounds decided to organize a summer research project on AI.

The four important members involved in developing AI are:

John MacCarthy, Marvin Minsky, Nathaniel Rochester and CLaude Shannon.

Their motivation to develop AI in the purpose of Automatic Computers, Neuron Nets and Self-improvement etc..,

AI can be divided into three subfields:

Artificial Intelligence
Machine learning
Deep learning

Nowadays, Ai is used in almost all industries, giving a technological edge to all comapnies integrating AI at scale. According to McKinsey, AI has the potential to create 600 billions dollars of venue in retail, bring 50 percent more incremental value in banking compared with other analytical techniques.

In transport and logistic, the potential revenue jump is 89 percent and above.

Source : Google

Application of Artificial Intelligence:

Healthcare for assisting doctors
Education for automating grading system.
Autonomous Vehicles for advanced features.
Social media for serving personalized experience.
Stock market trading.
Online fraud detection.
Self driving cars.
Image recognition.
E-commerce.
Web Design etc..,

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