Artificial Intelligence’s functionality and popularity are growing by the day. Artificial intelligence is the ability of a system or a program to think and learn from experience. AI applications have advanced tremendously in recent years, and they now have applications in practically every business industry.
Artificial intelligence is used in a variety of ways in today’s society. It is becoming increasingly important in today’s world because it can efficiently handle complicated problems in a variety of areas, including healthcare, entertainment, banking, and education. Our daily lives are becoming more comfortable and efficient as a result of artificial intelligence.
This article will help you learn the top applications of artificial intelligence in the real world.
What Is Artificial Intelligence?
Artificial Intelligence (AI) is the machine-displayed intelligence that simulates human behavior or thinking and can be trained to solve specific problems. AI is a combination of Machine Learning techniques and Deep Learning. AI models that are trained using vast volumes of data have the ability to make intelligent decisions.
AI Facts and Figures
- According to Statista, revenue from the artificial intelligence (AI) software market worldwide is expected to reach 126 billion dollars by 2025.
- As per Gartner, 37% of organizations have implemented AI in some form. The percentage of enterprises employing AI grew 270% over the past four years.
- According to Servion Global Solutions, by 2025, 95% of customer interactions will be powered by AI.
- A recent 2020 report from Statista reveals that the global AI software market is expected to grow approximately 54% year-on-year and is expected to reach a forecast size of USD $22.6 billion.
Let’s now take a look at how AI is used in different domains.
What Are the Applications of Artificial Intelligence?
Here is the list of the top 21 Artificial Intelligence (AI) Applications:
1. Space Exploration
AI systems are being developed to scale back the danger of human life that ventures into the vast realms of the undiscovered and unraveled universe which is a very risky task that the astronauts need to take up.
As a result, unmanned space exploration missions just like the Mars Rover are possible due to the utilization of AI.
It has helped us discover numerous exoplanets, stars, galaxies, and more recently, two new planets in our very own system.
NASA is also working with AI applications for space exploration to automate image analysis and to develop autonomous spacecraft that would avoid space debris without human intervention, create communication networks more efficient and distortion-free by using an AI-based device.
2. AI Application in E-Commerce
AI is providing a competitive edge to the e-commerce industry, and it is becoming more demanding in the e-commerce business. AI is helping shoppers to discover associated products with recommended size, color, or even brand.
Artificial Intelligence technology is used to create recommendation engines through which you can engage better with your customers. These recommendations are made in accordance with their browsing history, preference, and interests. It helps in improving your relationship with your customers and their loyalty to your brand.
Virtual shopping assistants and chatbots help improve the user experience while shopping online. Natural Language Processing is used to make the conversation sound as human and personal as possible. Moreover, these assistants can have real-time engagement with your customers. Did you know that on amazon.com, soon, customer service could be handled by chatbots?
Credit card frauds and fake reviews are two of the most significant issues that E-Commerce companies deal with. By considering the usage patterns, AI can help reduce the possibility of credit card frauds taking place. Many customers prefer to buy a product or service based on customer reviews. AI can help identify and handle fake reviews.
3. Applications Of Artificial Intelligence in Education
Although the education sector is the one most influenced by humans, Artificial Intelligence has slowly begun to seep its roots in the education sector as well.
Even in the education sector, this slow transition of Artificial Intelligence has helped increase productivity among faculties and helped them concentrate more on students than office or administration work.
AI can automate grading so that the tutor can have more time to teach. AI chatbot can communicate with students as a teaching assistant.
AI in the future can work as a personal virtual tutor for students, which will be accessible easily at any time and any place.
Some of these applications in this sector include:
Administrative Tasks Automated to Aid Educators
Artificial Intelligence can help educators with non-educational tasks like task-related duties like facilitating and automating personalized messages to students, back-office tasks like grading paperwork, arranging and facilitating parent and guardian interactions, routine issue feedback facilitating, managing enrollment, courses, and HR-related topics.
Creating Smart Content
Digitization of content like video lectures, conferences, and textbook guides can be made using Artificial Intelligence. We can apply different interfaces like animations and learning content through customization for students from different grades.
Artificial Intelligence helps create a rich learning experience by generating and providing audio and video summaries and integral lesson plans.
Without even the direct involvement of the lecturer or the teacher, a student can access extra learning material or assistance through Voice Assistants. Through this, printing costs of temporary handbooks and also provide answers to very common questions easily.
Using AI technology, hyper-personalization techniques can be used to monitor students’ data thoroughly, and habits, lesson plans, reminders, study guides, flash notes, frequency or revision, etc., can be easily generated.
4. Applications of Artificial Intelligence in Lifestyle
Artificial Intelligence has a lot of influence on our lifestyle. Let us discuss a few of them.
Automobile manufacturing companies like Toyota, Audi, Volvo, and Tesla use machine learning to train computers to think and evolve like humans when it comes to driving in any environment and object detection to avoid accidents.
The email that we use in our day-to-day lives has AI that filters out spam emails sending them to spam or trash folders, letting us see the filtered content only. The popular email provider, Gmail, has managed to reach a filtration capacity of approximately 99.9%.
Our favorite devices like our phones, laptops, and PCs use facial recognition techniques by using face filters to detect and identify in order to provide secure access. Apart from personal usage, facial recognition is a widely used Artificial Intelligence application even in high security-related areas in several industries.
Various platforms that we use in our daily lives like e-commerce, entertainment websites, social media, video sharing platforms, like youtube, etc., all use the recommendation system to get user data and provide customized recommendations to users to increase engagement. This is a very widely used Artificial Intelligence application in almost all industries.
5. AI Applications in Navigation
Based on research from MIT, GPS technology can provide users with accurate, timely, and detailed information to improve safety. The technology uses a combination of Convolutional Neural Network and Graph Neural Network, which makes lives easier for users by automatically detecting the number of lanes and road types behind obstructions on the roads. AI is heavily used by Uber and many logistics companies to improve operational efficiency, analyze road traffic, and optimize routes.
6. AI in Astronomy
Artificial Intelligence can be very useful to solve complex universe problems. AI technology can be helpful for understanding the universe such as how it works, its origin, etc.
7. AI Applications in Robotics
Robotics is another field where artificial intelligence applications are commonly used. Robots powered by AI use real-time updates to sense obstacles in its path and pre-plan its journey instantly.
Artificial Intelligence has a remarkable role in Robotics. Usually, general robots are programmed such that they can perform some repetitive tasks, but with the help of AI, we can create intelligent robots which can perform tasks with their own experiences without being pre-programmed.
Humanoid Robots are the best examples of AI in robotics, recently the intelligent Humanoid robot named as Erica and Sophia has been developed which can talk and behave like humans.
It can be used for –
- Carrying goods in hospitals, factories, and warehouses
- Cleaning offices and large equipment
- Inventory management
8. AI Applications in Human Resource
Did you know that companies use intelligent software to ease the hiring process?
Artificial Intelligence helps with blind hiring. Using machine learning software, you can examine applications based on specific parameters.
AI drive systems can scan job candidates’ profiles, and resumes to provide recruiters an understanding of the talent pool they must choose from.
9. AI Applications in Healthcare
Artificial Intelligence finds diverse applications in the healthcare sector. AI applications are used in healthcare to build sophisticated machines that can detect diseases and identify cancer cells. Artificial Intelligence can help analyze chronic conditions with lab and other medical data to ensure early diagnosis. AI uses the combination of historical data and medical intelligence for the discovery of new drugs.
In the last, five to ten years, AI becoming more advantageous for the healthcare industry and going to have a significant impact on this industry.
Healthcare Industries are applying AI to make a better and faster diagnosis than humans. AI can help doctors with diagnoses and can inform when patients are worsening so that medical help can reach the patient before hospitalization. You might want to read Pros and Cons of Artificial Intelligence in Healthcare
AI has made it possible to develop face recognition Tools that may be used for surveillance and security purposes.
As a result, this empowers the systems to monitor the footage in real-time and can be a pathbreaking development in regards to public safety.
Manual monitoring of a CCTV camera requires constant human intervention so they’re prone to errors and fatigue. AI-based surveillance is automated and works 24/7, providing real-time insights.
According to a report by the Carnegie Endowment for International Peace, a minimum of 75 out of the 176 countries are using AI tools for surveillance purposes.
Across the country, 400 million CCTV cameras are already in situ, powered by AI technologies, primarily face recognition.
11. AI Applications in Agriculture
Artificial Intelligence is used to identify defects and nutrient deficiencies in the soil. This is done using computer vision, robotics, and machine learning applications, AI can analyze where weeds are growing.
AI bots can help to harvest crops at a higher volume and faster pace than human laborers.
Agriculture is an area that requires various resources, labor, money, and time for the best result. Now a day’s agriculture is becoming digital, and AI is emerging in this field.
Agriculture is applying AI as agriculture robotics, solid and crop monitoring, predictive analysis. AI in agriculture can be very helpful for farmers.
12. AI Applications in Gaming
Another sector where Artificial Intelligence applications have found prominence is the gaming sector. AI can be used to create smart, human-like NPCs to interact with the players.
It can also be used to predict human behavior using which game design and testing can be improved.
The Alien Isolation games released in 2014 uses AI to stalk the player throughout the game. The game uses two Artificial Intelligence systems – ‘Director AI’ that frequently knows your location and the ‘Alien AI,’ driven by sensors and behaviors that continuously hunt the player.
AI can be used for gaming purposes. The AI machines can play strategic games like chess, where the machine needs to think of a large number of possible places.
13. AI Applications in Automobiles
Artificial Intelligence is used to build self-driving vehicles. AI can be used along with the vehicle’s camera, radar, cloud services, GPS, and control signals to operate the vehicle. AI can improve the in-vehicle experience and provide additional systems like emergency braking, blind-spot monitoring, and driver-assist steering.
Some Automotive industries are using AI to provide virtual assistant to their user for better performance. Such as Tesla has introduced TeslaBot, an intelligent virtual assistant.
Various Industries are currently working for developing self-driven cars which can make your journey more safe and secure.
The show business, with the arrival of online streaming services like Netflix and Amazon Prime, relies heavily on the info collected by the users.
This helps with recommendations based upon the previously viewed content. This is done not only to deliver accurate suggestions but also to create content that would be liked by a majority of the viewers.
With new content being created every minute, it is very difficult to classify them and make them easier to search.
AI tools analyze the contents of videos frame by frame and identify objects to feature appropriate tags. AI is additionally helping media companies to form strategic decisions.
15. AI Applications in Social Media
Social Media sites such as Facebook, Twitter, and Snapchat contain billions of user profiles, which need to be stored and managed in a very efficient way. AI can organize and manage massive amounts of data. AI can analyze lots of data to identify the latest trends, hashtags, and requirements of different users.
On Instagram, AI considers your likes and the accounts you follow to determine what posts you are shown on your explore tab.
Artificial Intelligence is also used along with a tool called DeepText. With this tool, Facebook can understand conversations better. It can be used to translate posts from different languages automatically.
AI is used by Twitter for fraud detection, removing propaganda, and hateful content. Twitter also uses AI to recommend tweets that users might enjoy, based on what type of tweets they engage with.
16. AI Applications in Marketing
Artificial intelligence (AI) applications are popular in the marketing domain as well.
- Using AI, marketers can deliver highly targeted and personalized ads with the help of behavioral analysis, pattern recognition, etc. It also helps with retargeting audiences at the right time to ensure better results and reduced feelings of distrust and annoyance.
- AI can help with content marketing in a way that matches the brand’s style and voice. It can be used to handle routine tasks like performance, campaign reports, and much more.
- Chatbots powered by AI, Natural Language Processing, Natural Language Generation, and Natural Language Understanding can analyze the user’s language and respond in the ways humans do.
- AI can provide users with real-time personalizations based on their behavior and can be used to edit and optimize marketing campaigns to fit a local market’s needs.
17. AI in Travel & Transport
AI is becoming highly demanding for travel industries. AI is capable of doing various travel-related works such as making travel arrangements to suggesting the hotels, flights, and best routes to the customers. Travel industries are using AI-powered chatbots which can make human-like interaction with customers for better and fast response.
18. AI Applications in Chatbots
AI chatbots can comprehend natural language and respond to people online who use the “live chat” feature that many organizations provide for customer service. AI chatbots are effective with the use of machine learning and can be integrated in an array of websites and applications. AI chatbots can eventually build a database of answers, in addition to pulling information from an established selection of integrated answers. As AI continues to improve, these chatbots can effectively resolve customer issues, respond to simple inquiries, improve customer service, and provide 24/7 support. All in all, these AI chatbots can help to improve customer satisfaction.
19. AI Applications in Banking and Finance
It has been reported that 80 percent of banks recognize the benefits that AI can provide. Whether it’s personal finance, corporate finance, or consumer finance, the highly evolved technology that is offered through AI can help to significantly improve a wide range of financial services.
For example, customers looking for help regarding wealth management solutions can easily get the information they need through SMS text messaging or online chat, all AI-powered.
Artificial intelligence can also detect changes in transaction patterns and other potential red flags that can signify fraud, which humans can easily miss, and thus saving businesses and individuals from significant loss. Aside from fraud detection and task automation, AI can also better predict and assess loan risks.
AI and finance industries are the best matches for each other. The finance industry is implementing automation, chatbot, adaptive intelligence, algorithm trading, and machine learning into financial processes.
20. AI in Data Security
The security of data is crucial for every company and cyber-attacks are growing very rapidly in the digital world. AI can be used to make your data safe and secure. Some examples such as the AEG bot, AI2 Platform, are used to determine software bugs and cyber-attacks in a better way.
21. AI in Entertainment
We are currently using some AI based applications in our daily life with some entertainment services such as Netflix or Amazon. With the help of ML/AI algorithms, these services show the recommendations for programs or shows.
Artificial Intelligence is revolutionizing the industries with its applications and helping solve complex problems. To conclude, we’ve seen AI Applications in various domains. There are a number of industries which are on the verge of transformation by AI .
Though this is often in no way an exhaustive list but probably the foremost plausible ones within the near future.
Let’s just wait and watch how AI would disrupt different industries. As a result, this may transform the character of labor and therefore the workplace.
Do you agree with our list of Artificial Intelligence Applications? Think we missed anything important? Or do you have any questions for us? Feel free to share them with us in the comments section of this article. We’d be thrilled to hear from you!