Top 10 Applications Of Artificial Intelligence in 2023 | Artificial Intelligence| Edureka Rewind

Key Takeaways

a lot of us are paranoid about how artificial intelligence might negatively impact our lives however the present picture is thankfully more positive hi everyone I'm zulekha from edureka and I welcome you to this session on artificial intelligence applications I'll be discussing how AI has impacted various Fields like marketing Finance gaming Agriculture and so on this will be your top 10 Series so make sure you stick till the end also don't forget to subscribe to edureka YouTube channel in order to stay updated on trending Technologies so let's explore how artificial intelligence is helping our planet and at last benefiting humankind so at number 10 we have artificial intelligence in artificial creativity now have you ever wondered what would happen if an artificially intelligent machine tried to create Music and Art here's a short audio clip of a classical piece so this short audio was composed by an AI based system called Muse net now musenet is a deep neural network that can generate four minute musical compositions with 10 different instruments and can combine styles from country to Mozart and to The Beatles musenet was not explicitly programmed with an understanding of music but instead it discovered patterns of Harmony Rhythm and Style by learning on its own another creative product of artificial intelligence is a Content automation tool called Wordsmith Wordsmith is a natural language generation platform that can transform your data into insightful narratives Tech Giants such as Yahoo Microsoft and Tableau are using Wordsmith to generate around 1.5 billion pieces of content every day let's move on to our next field which is AI in social media now ever since social media has become our identity we've been generating an immeasurable amount of data through chats tweets posts and so on and whenever there's an abundance of data Ai and machine learning are always involved in social media platforms like Facebook artificial intelligence is used for face verification wherein machine learning and deep learning concepts are used to detect facial features and tag your friends deep learning is used to extract every minute detail from an image by using a bunch of neural networks machine learning algorithms are used to design your feed based on your interests another such example is Twitter's AI which is being used to identify hate speech and terroristic language in tweets it makes use of machine learning deep learning and natural language processing to filter out offensive content according to a recent survey the company discovered and banned 300 000 terroristic linked accounts 95 percent of which were found by non-human artificially intelligent machines moving on to our next field we have ai in chatbots now these days virtual assistants have become a very common technology almost every household has a virtual assistant that controls the home a few examples include Siri Cortana which are gaining popularity because of the user experience they provide Amazon's Echo is an example of how AI can be used to translate human language into desirable actions this device uses speech recognition and natural language processing to perform a wide range of us on your command it can do more than just play your favorite songs it can be used to control the devices at your house book cabs for you make phone calls order your favorite food check the weather conditions and so on another example is a newly released Google's virtual assistant called Google duplex that has astonished millions of people not only can it respond to calls and book appointments for you it adds a human touch it uses natural language processing and machine learning algorithms to process human language and perform tasks such as manage your schedule control your smart home make reservations and so on next we have artificial intelligence in autonomous vehicles for the longest time self-driving cars have been a buzzword in the AI industry the development of autonomous vehicles will definitely revolutionarize the transportation system companies like waymo conducted several test drives in Phoenix before deploying their first AI based public ride healing service the artificial intelligence system collects data from the vehicle's radar cameras GPS and cloud services to produce control signals that operate the vehicle Advanced deploying algorithms can accurately predict what objects in the vehicles vicinity are likely to do this may makes way more cars much more effective and safer another famous example of autonomous vehicles are Tesla's self-driving cars AI implements computer vision image detection and deep learning to build cars that can automatically detect objects and drive around without human intervention Elon Musk the founder of Tesla talks a ton about how AI is implemented in Tesla's self-driving cars and autopilot features he quoted that Tesla will have fully self-driving cars ready by the end of the year and a robo taxi version one that can Ferry passengers without anyone behind the wheel Tesla's autopilot software goes beyond driving the car where you tell it to go if you're not in the mood for talking autopilot will check your calendar and drive you to your scheduled appointment that sounds pretty amazing moving on to our next application we have applications of artificial intelligence in space exploration so this is one of the most interesting fields in which artificial intelligence is being implemented space Expeditions and discoveries always require analyzing vast amounts of data artificial intelligence and machine learning is the best way to handle and process data of the scale so after rigorous research astronomers use artificial intelligence to go through years of data obtained by the Kepler telescope in order to identify a distant eighth planet solar system this was accomplished by using AI technology artificial intelligence is also being used for NASA's next Robo Mission to Mars which is the Mars 2020 Rover the Aegis which is an AI based Mars Rover is already on the red planet the Rover is responsible for autonomous targeting of cameras in order to perform investigations on Mars This proves how far AI has reached moving on to our next field artificial intelligence in the gaming field over the past few years artificial intelligence has become an integral part of the gaming industry in fact one of the biggest accomplishments of AI is in the gaming industry I'm sure all of you have heard of deepminds AI based alphago software deepminds AI based alphago software which is known for defeating Lee saddle the world champion in the game of Go is considered to be one of the most significant accomplishments in the field of artificial intelligence shortly after the victory deepmind created an advanced version of alphago called the alphago zero which in turn defeated alphago in an AI to AI Face-Off unlike the original alphago which deepmind trained over time by using large quantities of human knowledge and supervision the advanced system alphago zero thought itself to master the game other examples of AI in gaming include the first encounter assault Rakin which is popularly known as fear is basically a first person shooter video game so what makes this game special the actions taken by the opponent AI are unpredictable because the game is designed in such a way that the opponents are trained throughout the game and never repeat the same mistakes so basically they get better as the game gets harder this makes the game very challenging and prompts the players to constantly switch strategies and never sit in the same position moving on to our next application we have artificial intelligence in banking and finance we all know that trading mainly depends on the ability to predict the future accurately machines are great at this because they can crunch a huge amount of data in a short span machines can also learn to observe patterns in past data and predict how these patterns might repeat in the future an example of this is Japan's leading brokerage house namura Securities which has reluctantly been pursuing one goal that is to analyze the insights of experienced doctor Leaders with the help of computers so after years of research namura is set to introduce a new stock trading system the new system stores a vast amount of price and trading data in its computer by tapping into this database of information it will make assessments for example it may determine that current market conditions are similar to the conditions two weeks ago and predict how share prices will be changing a few minutes down the line this will help to make better trading decisions based on the predicted market prices AI in banking is growing faster than you thought a lot of banks have already adopted artificial intelligence-based systems to provide customer support detect anomalies and credit card frauds an example of this is HDFC Bank HDFC bank has deployed an AI based chat bot called Eva which stands for electronic virtual assistant since its launch Eva has addressed over 3 million customer queries interacted with over half a million unique users and held over a million conversations Eva can collect Knowledge from thousands of sources and provide simple answers in less than 0.4 seconds which is quite impressive moving on to our next field we have artificial intelligence in agriculture now here's an alarming fact the world will need to produce 50 more food by 2050 because we're literally eating up everything the only way this can be possible is if we use resources more carefully with that being said artificial intelligence can help farmers get more from the land while using resources more sustainably Blue River technology has developed a robot called sea and spray which uses computer vision Technologies like object detection to Monitor and precisely spray we reside on cotton plants Precision spraying can help prevent herbicide resistance apart from this the berlin-based agriculture Tech startup called Pete has developed an application called plantics that identifies potential defects and nutrient deficiencies in soil by using images the image recognition app identifies possible through images captured by the user's smartphone camera users are then provided with soil restoration techniques tips and other possible solutions the company claims that its software can achieve pattern detection with an estimated accuracy of up to 95 percent so the next field we're going to talk about is artificial intelligence in healthcare when it comes to saving Our Lives a lot of organizations and medical care centers are relying on AI there are many examples of how AI in healthcare has helped patients all over the world IBM's Watson for health is helping Healthcare organizations apply cognitive technology to unlock vast amounts of Health Data and power diagnosis IBM has also developed AI software specifically for medicine more than 230 Healthcare organizations worldwide use IBM Watson technology Google's deepmind health is another such example that is working in partnership with clinics researchers and patients to solve real world Healthcare problems deepmind has successfully developed a system that can analyze retinal scans and spot symptoms of sight threatening eye diseases the technology combines machine learning and systems Neuroscience to build powerful general purpose learning algorithms into neural networks that mimic the human behavior finally we have artificial intelligence in marketing we all know that marketing is a way to sugarcoat your product in order to attract more customers we humans are actually quite good at sugar coating but what if an algorithm or a bot is built solely for the purpose of marketing a brand or a company it would do a pretty awesome job for example let's consider the recommendations provided by Amazon it's a known fact that's 35 percent of Amazon's revenue is generated by its recommendation engine Amazon makes use of AI and machine learning to recommend products to their customers it uses recommendations as a targeted marketing tool to increase their revenue there are different ways through which Amazon recommends products to you for example if you open up Amazon right now you'll see a few sections like these right you'll see something known as your recently viewed items and featured recommendations here Amazon looks at the products that you've been browsing and recommends very similar products to you you'll also see a section like customers who bought this item also bought this your Amazon studies the shopping behavior of customers who have a similar shopping Trend and displays items that are being purchased together in the past all of this is carried out by using artificial intelligence and machine learning algorithms another famous example of recommendation systems is Netflix Netflix uses machine learning to recommend movies to you based on the data it collects about you such as your browsing history your age your location and so on it is also a known fact that over 75 of what you watch is recommended by Netflix and what is the logic behind Netflix it is machine learning artificial intelligence and deep learning so guys with this we come to the end of this video on EI applications now that I've listed out a few domains in which artificial intelligence is being used the most why don't you let me know in the comments which domain do you think AI will impact the most so guys that's all from my side today until next time happy learning