What is Artificial Intelligence?| Definition, Advantages And Disadvantages – Web Uncle

webuncle.in

TECHNOLOGY

Artificial intelligence (AI) broadly refers to any human-like behavior displayed by a machine or system. In AI’s most basic form, computers are programmed to “mimic” human behavior using extensive data from past examples of similar behavior. This can range from recognizing differences between a cat and a bird to performing complex activities in a factory environment.


Learn more about Artificial Intelligence:

Whether you are talking about deep learning, strategic thinking or another species of AI, the foundation of its use is in situations that require lightning-fast responses. With AI, machines can work efficiently and analyse vast amounts of data in the blink of an eye, solving problems through supervised, unsupervised or reinforced learning.

How does AI work?

As the hype around AI has accelerated, vendors have been scrambling to promote how their products and services use AI. Often what they refer to as AI is simply one component of AI, such as machine learning. AI requires a foundation of specialized hardware and software for writing and training machine learning algorithms. No one programming language is synonymous with AI, but a few, including Python, R and Java, are popular.

In general, AI systems work by ingesting large amounts of labeled training data, analyzing the data for correlations and patterns, and using these patterns to make predictions about future states. In this way, a chatbot that is fed examples of text chats can learn to produce lifelike exchanges with people, or an image recognition tool can learn to identify and describe objects in images by reviewing millions of examples.

AI programming focuses on three cognitive skills: learning, reasoning and self-correction.

What are the advantages and disadvantages of artificial intelligence?

Artificial neural networks and deep learning artificial intelligence technologies are quickly evolving, primarily because AI processes large amounts of data much faster and makes predictions more accurately than humanly possible.

While the huge volume of data being created on a daily basis would bury a human researcher, AI applications that use machine learning can take that data and quickly turn it into actionable information. As of this writing, the primary disadvantage of using AI is that it is expensive to process the large amounts of data that AI programming requires.

Advantages

  1. Good at detail-oriented jobs
  2. Reduced time for data-heavy tasks
  3. Delivers consistent results and AI-powered virtual agents are always available.

Disadvantages

  1. Expensive
  2. Requires deep technical expertise
  3. Limited supply of qualified workers to build AI tools
  4. Only knows what it’s been shown
  5. Lack of ability to generalize from one task to another.  

What are the 4 types of artificial intelligence?

Arend Hintze, an assistant professor of integrative biology and computer science and engineering at Michigan State University, explained in a 2016 article that AI can be categorized into four types, beginning with the task-specific intelligent systems in wide use today and progressing to sentient systems, which do not yet exist. The categories are as follows:

Type 1: Reactive machines:

These AI systems have no memory and are task specific. An example is Deep Blue, the IBM chess program that beat Garry Kasparov in the 1990s. Deep Blue can identify pieces on the chessboard and make predictions, but because it has no memory, it cannot use past experiences to inform future ones.

Type 2: Limited memory:

These AI systems have memory, so they can use past experiences to inform future decisions. Some of the decision-making functions in self-driving cars are designed this way.

Type 3: Theory of mind:

Theory of mind is a psychology term. When applied to AI, it means that the system would have the social intelligence to understand emotions. This type of AI will be able to infer human intentions and predict behavior, a necessary skill for AI systems to become integral members of human teams.

Type 4: Self-awareness:

In this category, AI systems have a sense of self, which gives them consciousness. Machines with self-awareness understand their own current state. This type of AI does not yet exist.

What are examples of AI technology and how is it used today?

Automation:

When paired with AI technologies, automation tools can expand the volume and types of tasks performed. An example is robotic process automation (RPA), a type of software that automates repetitive, rules-based data processing tasks traditionally done by humans. When combined with machine learning and emerging AI tools, RPA can automate bigger portions of enterprise jobs, enabling RPA’s tactical bots to pass along intelligence from AI and respond to process changes.

Machine learning:

This is the science of getting a computer to act without programming. Deep learning is a subset of machine learning that, in very simple terms, can be thought of as the automation of predictive analytics. There are three types of machine learning algorithms:

  • Supervised learning:

Data sets are labeled so that patterns can be detected and used to label new data sets.

  • Unsupervised learning:

Data sets aren’t labeled and are sorted according to similarities or differences.

  • Reinforcement learning:

Data sets aren’t labeled but, after performing an action or several actions, the AI system is given feedback.

Machine vision:

This technology gives a machine the ability to see. Machine vision captures and analyzes visual information using a camera, analog-to-digital conversion and digital signal processing. It is often compared to human eyesight, but machine vision isn’t bound by biology and can be programmed to see through walls, for example. It is used in a range of applications from signature identification to medical image analysis. Computer vision, which is focused on machine-based image processing, is often conflated with machine vision.

Natural language processing (NLP):

This is the processing of human language by a computer program. One of the older and best-known examples of NLP is spam detection, which looks at the subject line and text of an email and decides if it’s junk. Current approaches to NLP are based on machine learning. NLP tasks include text translation, sentiment analysis and speech recognition.

Robotics:

This field of engineering focuses on the design and manufacturing of robots. Robots are often used to perform tasks that are difficult for humans to perform or perform consistently. For example, robots are used in assembly lines for car production or by NASA to move large objects in space. Researchers are also using machine learning to build robots that can interact in social settings.

Self-driving cars:

Autonomous vehicles use a combination of computer vision, image recognition and deep learning to build automated skill at piloting a vehicle while staying in a given lane and avoiding unexpected obstructions, such as pedestrians.

What are the applications of AI?

AI in healthcare:

The biggest bets are on improving patient outcomes and reducing costs. Companies are applying machine learning to make better and faster diagnoses than humans. One of the best-known healthcare technologies is IBM Watson. It understands natural language and can respond to questions asked of it. The system mines patient data and other available data sources to form a hypothesis, which it then presents with a confidence scoring schema. Other AI applications include using online virtual health assistants and chatbots to help patients and healthcare customers find medical information, schedule appointments, understand the billing process and complete other administrative processes. An array of AI technologies is also being used to predict, fight and understand pandemics such as COVID-19.

AI in business:

Machine learning algorithms are being integrated into analytics and customer relationship management (CRM) platforms to uncover information on how to better serve customers. Chatbots have been incorporated into websites to provide immediate service to customers. Automation of job positions has also become a talking point among academics and IT analysts.

AI in education:

AI can automate grading, giving educators more time. It can assess students and adapt to their needs, helping them work at their own pace. AI tutors can provide additional support to students, ensuring they stay on track. And it could change where and how students learn, perhaps even replacing some teachers.

AI in finance:

AI in personal finance applications, such as Intuit Mint or TurboTax, is disrupting financial institutions. Applications such as these collect personal data and provide financial advice. Other programs, such as IBM Watson, have been applied to the process of buying a home. Today, artificial intelligence software performs much of the trading on Wall Street.

AI in law:

The discovery process — sifting through documents — in law is often overwhelming for humans. Using AI to help automate the legal industry’s labor-intensive processes is saving time and improving client service. Law firms are using machine learning to describe data and predict outcomes, computer vision to classify and extract information from documents and natural language processing to interpret requests for information.

AI in manufacturing:

Manufacturing has been at the forefront of incorporating robots into the workflow. For example, the industrial robots that were at one time programmed to perform single tasks and separated from human workers, increasingly function as cobots: Smaller, multitasking robots that collaborate with humans and take on responsibility for more parts of the job in warehouses, factory floors and other workspaces.

AI in banking:

Banks are successfully employing chatbots to make their customers aware of services and offerings and to handle transactions that don’t require human intervention. AI virtual assistants are being used to improve and cut the costs of compliance with banking regulations. Banking organizations are also using AI to improve their decision-making for loans, and to set credit limits and identify investment opportunities.

AI in transportation:

In addition to AI’s fundamental role in operating autonomous vehicles, AI technologies are used in transportation to manage traffic, predict flight delays, and make ocean shipping safer and more efficient.

Security:

AI and machine learning are at the top of the buzzword list security vendors use today to differentiate their offerings. Those terms also represent truly viable technologies. Organizations use machine learning in security information and event management (SIEM) software and related areas to detect anomalies and identify suspicious activities that indicate threats. By analyzing data and using logic to identify similarities to known malicious code, AI can provide alerts to new and emerging attacks much sooner than human employees and previous technology iterations. The maturing technology is playing a big role in helping organizations fight off cyber attacks.

Augmented intelligence vs. artificial intelligence

Augmented intelligence:

Some researchers and marketers hope the label augmented intelligence, which has a more neutral connotation, will help people understand that most implementations of AI will be weak and simply improve products and services. Examples include automatically surfacing important information in business intelligence reports or highlighting important information in legal filings.

Artificial intelligence:

True AI, or artificial general intelligence, is closely associated with the concept of the technological singularity — a future ruled by an artificial superintelligence that far surpasses the human brain’s ability to understand it or how it is shaping our reality. This remains within the realm of science fiction, though some developers are working on the problem. Many believe that technologies such as quantum computing could play an important role in making AGI a reality and that we should reserve the use of the term AI for this kind of general intelligence.

AI in the enterprise:

AI technology is improving enterprise performance and productivity by automating processes or tasks that once required human power. AI can also make sense of data on a scale that no human ever could. That capability can return substantial business benefits. For example, Netflix uses machine learning to provide a level of personalization that helped the company grow its customer base by more than 25 percent in 2017.

Most companies have made data science a priority and are investing in it heavily. In Gartner’s recent survey of more than 3,000 CIOs, respondents ranked analytics and business intelligence as the top differentiating technology for their organizations. The CIOs surveyed see these technologies as the most strategic for their companies; therefore, they are attracting the most new investment.

AI has value for most every function, business, and industry. It includes general and industry-specific applications such as:

Using transactional and demographic data to predict how much certain customers will spend over the course of their relationship with a business (or customer lifetime value)Optimizing pricing based on customer behavior and preferences using image recognition to analyze X-ray images for signs of cancer.

Leave a Comment

At WebUncle, we believe that knowledge is power. That's why we're committed to providing you with the most up-to-date information and insights to help you navigate the ever-evolving world of technology.

Contact

Company Name

Address