There was a time when artificial intelligence used to be a creepy concept limited to sci-fi movies where the robots go bad and eliminate the human race before taking over the world. The usage of Artificial Intelligence today is spreading far and wide and numerous companies have already invested in acquiring AI and adopting them in their processes. Be it medical diagnosis, data extrapolation or powering autonomous machines, results driven by AI are faster, cheaper and more accurate. A Forrester research predicted that in 2017 there will be more than a 300% increase in investments in AI by various enterprises than in 2016.
Here is a list of ten superb ways that AI is being used now:
- Natural Language processing: Using computer data to produce texts, this application of AI is being used is customer service to answer queries, making reports, and summarizing insights. Automated Insights, Narrative Science, Cambridge Semantics and Digital Reasoning are major vendors of this application.
- Speech Recognition: Speech recognition involves a machine’s understanding, transcribing and transforming human speech to a useful format for application to process. It may sound easy but it’s totally opposite of that as it requires the computer to hear and understand thousands of styles of speech, accents and dialects. It’s currently employed in real-time interactive voice tools and response systems, plus mobile applications like Siri.
- Virtual Agent: The current talk of the town virtual agents include chat bots and advanced systems which network with humans. Virtual agents are being used in customer support and as smart home devices like Alexa. Almost all big companies like Amazon, Google, Apple, IBM and Microsoft are making use of this application of AI.
- Machine Learning: With a focus on writing software that can learn from its past experience, this process involves sharing algorithms and APIs, creating and refining toolkits, along with processing power to develop, train and install models into processes, application and other devices. Machine learning is used in a lot of applications for prediction or classification by extracting knowledge from data which is being used by companies like Google, Amazon,