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Multimatics Insight

Cracking the Secrets of Artificial Intelligence

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Advantages of Using Artificial Intelligence

Artificial intelligence is defined as a wide-ranging branch of computer science with multiple approaches focus on creating smart machines that able to perform tasks which typically require human intelligence. It provides enormous advantages and could revolutionize any professional sector.

Artificial intelligence could reduce human error because decisions are made from collected information by applying a specific set of algorithms. It also could help human overcome many risky limitations because such as developing an AI robot to do the high-risk work. After that, artificial intelligence enables machine to work non-stop without any breaks since it does not get bored like humans.

Furthermore, through artificial intelligence technology such as AI cognitive automation, human can productively automate repetitive jobs or task and can even remove the "boring" tasks which allow them to increase creativity. Lastly, artificial intelligence has provided digital assistance for human. By learning the history, preferences, and other information of users, digital assistants can answer complex questions, provide recommendations, make predictions, and even initiate conversations.

The Implementation of Artificial Intelligence in Industries

Artificial intelligence implementation is not only giving the promise to yield better business results but also improve the human experience as a whole. There are several significant industries that can be benefited by AI implementation in the near future, including but not limited to healthcare, manufacturing, marketing, entertainment, as well as banking and financial services industries.

First, in healthcare sector, artificial intelligence is could be applied for a wide range of healthcare services, including data mining for identifying patterns, carrying out the more accurate diagnosis, and encouraging robotic surgery. Then, for manufacturing industry, artificial intelligence supports predictive maintenance of critical industrial equipment as well as accurately predict asset malfunction. AI could also help the management take timely measures to restore the equipment and prevent costly unplanned downtime. After that, artificial intelligence in marketing industry could also be beneficial for marketers to spot microtrends and even predict trends, so that they can make strategic decisions about budget allocation, target audience, etc.

Moreover, in entertainment industry, artificial intelligence could provide a more personalized experience to users by using machine learning algorithms to study the user behaviour. It allows the industry to recommend certain programs or shows to individual users based on their activity. Lastly, banking and financial services industry is going through a massive transformation due to the initiation of artificial intelligence implementation. For example, one of the most likely outcomes of AI implementation is the replacement of human agents with intelligent software robots in performing banking or financial tasks.

Conclusion

Artificial intelligence is a breakthrough of technology development. It provides enormous advantages and could revolutionize any professional sector. The benefits of artificial intelligence can be felt for both individuals and industries. Therefore, the use and implementation of artificial intelligence need to be encouraged.

Reference:
Artificial Intelligence – What it is and why it matters. (n.d.). SAS India. Retrieved May 19, 2021, from https://www.sas.com/en_in/insights/analytics/what-is-artificial-intelligence.html
Takyar, A. (2021, April 10). AI Applications across major industries | AI Applications. LeewayHertz - Software Development Company. https://www.leewayhertz.com/ai-applications-across-major-industries/
Shah, H. (2019, December 2). 5 industries that are using Artificial Intelligence the most. Datafloq. https://datafloq.com/read/5-industries-using-artificial-intelligence/7242

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