Role of Artificial Intelligence in This Modern Era

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Artificial intelligence technology has gained a lot of interest in recent years; AI plays a major role in areas like technology, healthcare, finance or sports. AI is increasing in our every day reveals the life and future of the workforce. We will decipher it for you!

There may still be those to whom artificial intelligence or AI sounds like a science fiction movie. But the reality is that AI sneaks into our lives almost every minute. For example, when we ask Alexa for an address, when Netflix suggests a series or when we search in Shazam for the name of that song that is playing. I

In addition to our homes, AI is revolutionizing sectors such as finance, education, healthcare and digital marketing. In the latter,  using AI allows you to go far beyond data analysis : you can extract value from that data to, among many other things, know your users better and thus optimize their experiences, and also to segment audiences and be able to carry out very specific campaigns personalized. How is AI applied to bring about such a revolution? Keep reading!

 

Artificial intelligence

Artificial intelligence or AI is a broad branch of computer technology that  introduces human rational logic behaviors into machines : it causes machines to learn and respond to certain stimuli on their own, much like people do.

AI is based on the combination of algorithms that allows the creation of intelligent engines that simulate processes typical of human intelligence:  learning, reasoning and self-correcting . Therefore, we can say that AI is a science that encompasses what we know as  machine learning  and  deep  learning.

On the one hand,  machine learning  allows computers to learn on their own through the collection of large data sets (big data); On the other hand,  deep learning  goes further because it uses this data to build multiple layers of abstraction that allow it to reach a higher conclusion, similar to how a human mind would do.

But don't panic because, although Hollywood has taught us otherwise,  the purpose of AI is not to replace humans, but to make our lives much easier. At the same time, custom software development company improve their performance and productivity, making them more competitive: the use of AI helps them in decision-making and allows them to automate processes or tasks that previously required a lot of human effort (or even the collection and analysis of large-scale data that a human could never do).

 

Types of artificial intelligence

AI can be categorized in various ways. One of the ways is as follows: it is worth looking at the difference between a narrow, weak AI or ANI ( Artificial Narrow Intelligence ) and a narrow, complex AI or AGI ( Artificial General Intelligence ).

On the one hand, the ANI is designed and trained to perform specific tasks (e.g. Siri), while the AGI has generalized human cognitive abilities, since it can evaluate and detect different needs and even emotions to act correctly based on them. of them.

The second classification that we are going to see was made by Arend Hintze, professor of Integrated Biology and Computer Science at the University of Michigan, by establishing  different types of AI according to their level of complexity .

 

Reactive technology

The simplest and oldest, it reproduces human behavior when stimulated (hence its name). It has no memory, so it does not learn, its responses are automated.

 

Artificial intelligence with limited memory

Like the previous one, but with a certain memory capacity, so it can 'learn' and make some decisions from the small databases generated by your interaction history. An example is found in  chatbots  or facial recognition systems.

 

Theory of mind or understanding of human thought

Machines that can understand how their environment works and learn based on our behaviors, as well as deduce what our preferences and needs are and adjust their own behavior to these. The term 'theory of mind' is used because these types of machines can understand how we think and feel. When this type of intelligence is fully developed, it will be capable of carrying out social interaction that is increasingly closer to that of a human being.

 

Self-aware artificial intelligence

To be able to speak of this type, the machine would have to develop a representation of itself, which would be the maximum level of development that AI could reach. Although this classification recognizes this type of AI, there is still no type of AI that is self-aware and capable of recognizing itself as an independent entity, as well as making its own decisions.

 

Applications of artificial intelligence: what it is used for

Although we have already given you some clues before, it is time to tell you in more detail what AI is used for. Its transformative power means that it is gaining more and more space in all types of sectors and industries. From when we address cybersecurity issues to production management, AI prevails in areas such as:

- Banking and finance: It is worth highlighting the use of artificial intelligence, especially in robo advisors, a type of financial advisor that offers an online investment portfolio management service using algorithms.

- From automobiles and assembly:  AI offers us help in driving by guiding us and alerting us to possible risks, makes it possible for vehicles to drive themselves and, among many other things, facilitates manufacturing (highlights the use of collaborative robots – cobots – and their role in painting cars or welding their chassis).

- Educational:  Applying AI in education can stimulate personalized and collaborative learning, facilitate teaching (e.g., automatic reviews), monitor student performance or simplify the administrative tasks of a school institution, among others.

- Human resources:  AI allows you to manage company data to automatically provide results related to the situation of different aspects or areas, evaluate talent or productivity, and analyze conflicts. When it comes to personnel selection, AI can contribute greatly, for example, in the entry and categorization of resumes.

 

Applications to digital marketing

One of the most prominent roles that AI plays is in the area of ??digital marketing, because, in addition to being present in all its phases, it can help us improve the results of each of them and optimize strategies. Betting on AI can be a great competitive advantage for a company  , but how do you achieve it? How is AI applied in digital marketing?

- When generating and 'curating' content / In email marketing:  some tools allow you to automatically generate content from a series of very basic data and information. In addition, they allow you to automatically offer personalized content for each user. Some tools also generate call to action copies or email bodies to be used in email marketing.

- Through programmatic advertising:  AI allows certain advertising to reach users who are really interested in a specific content or product, thereby achieving high-impact actions: conversions, notoriety and efficiency of the advertising campaign.

- In predictive analytics:  AI allows us to use analytical results to develop behavioral patterns based on the digital footprint of our users. That is, knowing your needs before they arise or even generating them. In addition, there are many types of analytics with super valuable uses in digital marketing.

- In chatbots:  the advancement of AI has been key to improving customer service in the most diverse areas and sectors. Through chatbots, for example, continuous attention is offered to the user, who is served by a machine as if they were a human. This interaction allows you to know the user's behaviors and needs, generating data that can be of great value for the entity or brand.

- In web design and user experience (UX):  AI uses data provided by the user to design websites, but it is also present in a large number of devices and systems, so that the user experience is increasingly optimal and personalized.

 

What new jobs does artificial intelligence generate?

As we pointed out before, the objective of AI is not to replace humans nor to replace workers with machines, but to simplify their work, allowing them to focus on tasks typical of positions with greater added value. If one thing is clear, it is that  the machine cannot provide the creativity and communication of a person.

Therefore, where AI opens doors is where we must focus: thus we see that the positions generated by AI and that are most in demand are those related to software development services, business development ,  robotics , the  internet of things  and  M2M .  (communication between machines).

Do you understand now why we said that AI is not something of the future, but of the present? Because, although it still has a long way to go, the AI ??revolution has arrived to change our lives, but also our ways of working. The key to getting the most out of it will not be to look at it with fear or suspicion, but rather as what it really is: a great ally for our daily lives.

 

Author Bio:

Glad you are reading this. I’m Yokesh Shankar, the COO at Sparkout Tech, one of the primary founders of a highly creative space. I’m more associated with digital transformation solutions for global issues. Nurturing in Fintech, Supply chain, AR VR solutions, Real estate, and other sectors vitalizing new-age technology, I see this space as a forum to share and seek information. Writing and reading give me more clarity about what I need.

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