ARTIFICIAL INTELLIGENCE: ON ITS WAY TO CHANGING BUSINESSES AND EVERYDAY LIFE

September 7, 2018, 13:19 , 13:19 by

Machines emulating human interactions was just an idea once confined to Sci-Fi movies. However, since the dawn of the ‘intelligent machines’ in 1950s, science has come quite far in making Artificial Intelligence (AI) a ubiquitous reality today. From voice-powered personal assistants such as Apple’s Siri and Amazon’s Alexa to fundamental and underlying technologies like behavioural algorithms and suggestive searches, AI has seeped its way into our lives in forms which once seemed implausible.

Today, there are numerous practical applications of AI. Let’s take a look at some of them:

AI has become a buzzword in every industry, and more than 75% businesses are investing in big data and machine learning today. The impact of AI-powered solutions on businesses and everyday life are proof enough that intelligent machines are bringing AI much closer to reality than we think. Latest market research suggests that the worth of global AI market will be 16.06 billion USD by 2022.

With AI progressing at such an incredible pace, it is clear that the way we work will also be redefined in the next five years. According to a new Gartner report, one in every five workers engaged in non-routine tasks will rely on AI to help with their work by the year 2022. The same report also estimates that by 2020, AI will eliminate 1.8 million jobs, but on the brighter side, it will also create 2.3 million new jobs that do not exist at present. However, most professionals are not adequately prepared for this future. There is a very significant gap in their working knowledge; what they need is to be agile and change their skills over time in order to move AI projects from ideation to implementation.

How can you survive this technological shift and sustain your career in the years to come? The answer is relatively simple – ADAPT.

As rightly put by Rodney Brook, a pioneer in the field of robotics, “Artificial intelligence is a tool, not a threat.” So, don’t let the threat of job loss overshadow what you can achieve with the power of AI. Prepare yourself to be future workforce ready by investing in self learning with top international certifications and courses like Columbia University’s MicroMasters® Program in Artificial Intelligence.

Click here to know more about the programme.

Sources:

https://www.analyticsindiamag.com/tesla-google-autonomous-car-technologies-different/

https://www.techemergence.com/ai-in-transportation-current-and-future-business-use-applications/

https://www.expertsystem.com/importance-of-nlp/

https://about.americanexpress.com/press-release/american-express-previews-new-amex-bot-messenger-feature-facebooks-f8

https://www.infoworld.com/article/2907877/machine-learning/how-paypal-reduces-fraud-with-machine-learning.html

http://www.medicaleconomics.com/medical-economics-blog/can-computers-help-doctors-reduce-diagnostic-errors

https://novatiosolutions.com/10-common-applications-artificial-intelligence-healthcare/

http://bigdata-madesimple.com/ais-impact-on-retail-examples-of-walmart-and-amazon/

https://www.amazon.com/Amazon-Prime-Air/b?ie=UTF8&node=8037720011

https://www.forbes.com/sites/bernardmarr/2018/04/30/27-incredible-examples-of-ai-and-machine-learning-in-practice/#5b34bfed7502