Artificial Intelligence

Definition:
A branch of computer science dealing with the simulation of intelligent behavior in computers, the
capability of a machine to imitate intelligent human behavior. It is also the ability of a digital computer or
computer-controlled robot to perform tasks commonly associated with intelligent beings.

Examples:
 Siri
 Alexa
 Tesla
 Cogito

Types of Artificial Intelligence:

AI
type-1: Based on Capabilities:

1. Weak AI or Narrow AI:

 Narrow AI cannot perform beyond its field or limitations, as it is only trained for one specific task.
Hence it is also termed as weak AI. Narrow AI can fail in unpredictable ways if it goes beyond its
limits.
 Apple Siriis a good example of Narrow AI, but it operates with a limited pre-defined range of
functions.
 IBM's Watson supercomputer also comes under Narrow AI, as it uses an Expert system approach
combined with Machine learning and natural language processing.
 Some Examples of Narrow AI are playing chess, purchasing suggestions on e-commerce site, self-
driving cars, speech recognition, and image recognition.

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2. General AI:

 General AI is a type of intelligence which could perform any intellectual task with efficiency like a
human.
 The idea behind the general AI to make such a system which could be smarter and think like a
human by its own.
 Currently, there is no such system exist which could come under general AI and can perform any
task as perfect as a human.
 The worldwide researchers are now focused on developing machines with General AI.
 As systems with general AI are still under research, and it will take lots of efforts and time to
develop such systems.

3. Super AI:
 Super AI is a level of Intelligence of Systems at which machines could surpass human intelligence,
and can perform any task better than human with cognitive properties. It is an outcome of general
AI.
 Some key characteristics of strong AI include capability include the ability to think, to reason, solve
the puzzle, make judgments, plan, learn, and communicate by its own.
 Super AI is still a hypothetical concept of Artificial Intelligence. Development of such systems in
real is still world changing task.

Artificial Intelligence type-2: Based on functionality

1. Reactive Machines:
 Purely reactive machines are the most basic types of Artificial Intelligence.
 AI systems do not store memories or past experiences for future actions.
 These machines only focus on current scenarios and react on it as per possible best action.
 IBM's Deep Blue system is an example of reactive machines.
 Google's Alpha Go is also an example of reactive machines.

2. Limited Memory:
 Limited memory machines can store past experiences or some data for a short period of time.
 These machines can use stored data for a limited time period only.
 Self-driving cars are one of the best examples of Limited Memory systems. These cars can store
recent speed of nearby cars, the distance of other cars, speed limit, and other information to navigate
the road.

3. Theory of Mind:
 Theory of Mind AI should understand the human emotions, people, beliefs, and be able to interact
socially like humans.
 This type of AI machines are still not developed, but researchers are making lots of efforts and
improvement for developing such AI machines.

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4. Self-Awareness:
 Self-awareness AI is the future of Artificial Intelligence. These machines will be super intelligent,
and will have their own consciousness, sentiments, and self-awareness.
 These machines will be smarter than human mind.

Uses of Artificial Intelligence:

1. Artificial Intelligence in e Commerce:

Artificial Intelligence technology provides a competitive edge to e-commerce businesses and is becoming
readily available to companies of any size capabilities or budget. Leveraging machine learning, AI software
automatically tags, organizes and visually searches content by labeling features of the image or video.

AI is enabling shoppers to discover associated products whether it is size, color, shape, or even brand. The
visual capabilities AI is improving every year. By first obtaining visual cues from the uploaded imagery, the
software can successfully assist the customer in finding the product they desire. Many e-commerce retailers are
already becoming more sophisticated with their AI, and I only expect this to grow in the future.
2. AI to Improve Work Place Communication:

Current business communication is overloaded with content, channels, tools, and so-called solutions, depriving
individuals (and companies) from hitting targets while also harming work-life balance. Artificial Intelligence
will help businesses improve communication internally and externally by enabling individual personalization
for each professional, allowing for enhanced focus and increased productivity.

With such AI personalization, each individual will be empowered thanks to a virtual assistant, helping take care
of mundane or repeatable tasks, save time by understanding your needs and goals, as well as recommend next-
best-action to take.

3. Human Resource Management:

AI and Machine learning are going to drastically and irrevocably change how HR and recruitment work in
every company and this is going to be awesome. In fact, HR is likely to be one of the first areas of business that
will benefit from AI for two simple reasons. Firstly there are tons of top quality data in HR, and secondly, HR is
one part of any company that is both essential and yet feels the pressure of time.

Artificial Intelligence will essentially take out all of the "worst" elements of every HR professional’s job
(mundane screening, time-consuming paperwork, and annoying data entry) as well as deliver powerful tools and
insights are a bonus to make their work better. HR's automatic generation of top quality data and the incredible
benefits of AI make it one of the first places to experience the 4th industrial revolution

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4. AI in Healthcare:

In the year ahead, and particularly in the next five to ten years, artificial intelligence is going to have a big
impact on the healthcare industry and the ways in which healthcare related companies utilize AI.A short note
from Dr. Jeff Dunn, CEO of Redivus Health. Radius Health is a transformative mobile app used by healthcare
providers to prevent medical errors by offering both clinical decision support during critical medical events as
well as documenting those events electronically in real time.

5. Intelligent Cyber security:

In regard to cyber security, Artificial Intelligence is making great strides. Although AI is considered to be in its
infancy in cyber security and cannot always effectively address all issues, it works successfully in data
protection. AI allows companies to detect vulnerabilities or anomalous user behavior in such business
applications as ERP or Financial systems.

A system of behavior anomalies analysis in computer systems resembles the world’s most protected airport:
when you are on the way to it, the security system has enough time to analyze your identity; you are examined
by cameras and in case of any signs of danger, you are intercepted. Deep learning is empowered to see if a user
has any suspicious activity. So, even if attackers have penetrated into a victim’s system, they start taking actions
that differ from the usual ones and as a result, they do not leave unnoticed and their damage is prevented.

6. Artificial Intelligence in Logistics and Supply Chain:

When combined with customer data and analytics, physical artificial intelligence removes friction from the
customer experience. Artificial intelligence empowers businesses to act on consumer data to drive
improvements throughout many areas of supply chain operations. Mobile technology and the “Urbanization” of
things have made consumers hungry for AI.

Consumers demand shorter delivery waits from retailers and retailers will expect the same from manufacturers
and distribution centers. Autonomous trucks and robotic picking systems allow supply chains to make
fulfillment seven days a week. Within the next five years, the shipping term “business days” will become
obsolete as consumers expect delivery on nights and weekends.

7. Sports betting Industry:

In its article Sports trading and AI: Taking the human out of sports betting, Gambling Insider argues that, “Just
as more scientific analysis of sport is changing how coaches, trainers, and clubs play their respective games,
greater analysis of sporting events is helping odds making database operators evaluate the potential
permutations of each sporting event, increasing the accuracy of that respective odd and thereby making the
subsequent odds determination easier.”

Human traders cannot compete with artificial intelligence when it comes to analyzing huge volume of data.
With AI we can perform analysis of the vast volume of sporting analysis data available to maximize our
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accuracy when it comes to predicting future outcomes. This proves especially fruitful in today’s expansive
betting market, where a large number of games and bet types are offered to an increasingly insatiable betting
public.

8. Streamlined Manufacturing with AI:

Most of the customers when it comes to AI or Machine Learning, the magic happens when vast amounts of data
can be streamed at milliseconds from the machine and process data of various databases. This provides
actionable insights that can help these customers reduce non-productive downtime, predict failures or build a
“golden batch” that can be benchmarked across all production lines.

An example is a global adhesive manufacturing customer that is pulling data from their lab systems where the
raw material is brought in and tested for quality. Data is also being pulled from what is called their “cooking
process” where, based on dynamic conditions, AI and Machine Learning make real time recommendations
about which materials to inject at what time to ensure continuity of the process. This helps the manufacturer
keep a continual “golden batch” manufacturing of their products, improving yield and customer satisfaction.

9. Casino/Hotels/Integrated Resorts:

Hotels can understand key characteristics of their most profitable customers and recognize the next important
ones when he or she happens to login onto the hotel’s online system reservation use of deep neural networks
and image classifiers can analyze and parse images, which can enable hotel marketers to monitor the images
that provide the highest booking conversion rate through each channel. AI can also be used to compute dynamic
clusters of guests to create fluid segmentation in real-time.

Role of Artificial Intelligence:

1. Finance Analyst:
A recent Ohio University info graphic presents AI’s handling of financial analytics in the near future. This
prediction comes from observing the technology used in things like Google Analytics. Being able to read
monetary results and relate them to specific business decisions is something that technology can do with the
right programming, and it potentially could even advise you on the most logical step next. According to Fiscal
Tiger, we may live long enough to see AI having a unique, in depth understanding of individual financial crises,
replacing human beings in crucial steps to monetary redemption. Time will tell, but it may be bad news for
financial analysts.

2. Help Desk:
AI is already being used in online help centers. If you’ve gone to a website and a chat window has opened up
allowing you to ask it questions so it can direct you further, then you’ve seen this personally.It would be
interesting if AI moved farther on the voice-activated front, as companies are already using this technology on
their help lines. If AI can figure and solve problems in the future, then help desks and people working call lines
may become a thing of the past.

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3. Market Research:
Analytics is moving AI into all kinds of business fields besides finance, and marketing is one of the most
notable of those. With the data of previous consumer trends and the results of marketing campaigns, AI may
have the upper hand in deciding the next most effective marketing strategy. AI’s ability to learn and
technology’s lack of human fatigue may give it a better data-based assumption than a person could come up
with.

4. Trend Prediction:

We’ve already seen trend prediction being used by law enforcement, so why wouldn’t businesses use it to make
money? If we could be assured that the marketing tactics we plan on using won’t blow your budget, wouldn’t
we do whatever we could to become aware.

Rend analysis leads to trend prediction for AI, plain and simple. All data is compiled and remembered by this
technology and analyzed at once, providing users with the most logical solution.

5. Planning:
Technology is being used to manage scheduling, payroll, benefits, and employee tasks already. What’s stopping it from
planning and self-organizing such things? There’s seemingly nothing stopping the popularization and advancement of AI,
and reason would lead one to believe that this is the next step, potentially this could lead managers to less hands-tied
time and more innovative, battlefield-level jobs. We’ll have to see what happens when it happens though!