Top 10 applications of Artificial Intelligence

[vc_row][vc_column][vc_column_text]Artificial Intelligence or AI is being utilized in our daily life and has made a huge influence in the field of technology. Artificial Intelligence is intelligence demonstrated by machines or computer systems in a way that humans do, in terms of thinking, reasoning, learning and self-correction. AI systems are designed to intelligently trade stocks or operate an autonomous vehicle, in today’s times. The most prominent types of Artificial Intelligence that have been influencing the rise in technology are Machine Learning (ML) and Deep Learning (DL). There are numerous sectors where Artificial Intelligence is applied.

Let’s take a look at the top ten applications of AI.

  1. Retail Industry: E-commerce sites are adopting Deep Learning (DL) to help shoppers to easily find what they want to purchase. Online shopping today is a popular and easy mode of shopping for anyone who is able to access to the internet and can operate a smart phone, tablet or a computer. Online shopping websites use Artificial Intelligence (AI) to provide recommendations for the next purchase, depending on previous purchases made by the customer, through algoriothms and search patterns. With the help of AI, online shopping can be made more personal and exclusive. Amazon is planning to use this technology in its new Amazon Go grocery stores.
  2. Entertainment Industry: AI technology is applied to optimize video fluency and definition. Online media streaming or video-on-demand services have a built-in AI feature, where recommendations are given to the customer depending on the type of media that has been streamed before or the type of movies watched earlier.
  3. Automotive Industry: In recent times, Artificial Intelligence is severely being used for automotive industries across the world. The Automotive industry has developed numerous advanced features through the use of AI. Features such as self-parking, blind spot monitoring and voice recognition are aided by the use of AI. Apps like Uber, Ola and commercial flights that use autopilot are the best example of sectors where AI is being effectively implemented.
  4. Healthcare Industry: Artificial Intelligence (AI) helps to analyze data and reports from a patient’s file to help select the customized treatment. IBM Watson was developed as a question-answering computer, which has advance AI capabilities such as natural language processing, automated reasoning and others. IBM Watson’s first commercial application is its use in utilization management decisions for lung cancer treatment at Memorial Sloan-Kettering Cancer Centre.
  5. Manufacturing Industry: Big companies like GE and Siemens are majorly focused on applying Artificial Intelligence to create a comprehensive manufacturing process. The manufacturing industry may be considered as the first use case for the application of AI, using robots for assembly, packing and the likes.
  6. Online Customer Service: AI in the customer service space is currently being used to handle some of the monotonous work and is making it easier for human agents to deal with the more difficult issues. These systems are able to handle more requests without human involvement as they have ability to learn by themselves. Several websites today offer the possibility to chat with customer service representatives. Most of the times these are not human, but chat bots that are trained to respond and extract information based on the customer’s query.
  7. Home Appliances: All smart home appliances which incorporate Internet of Things (IoT) technology make use of AI. The smart home appliances learn the usage pattern of the user over a period of time and then operate themselves through simple commands. One of the examples of AI integrated home appliances is Amazon’s Alexa – the virtual assistant developed by Amazon.
  8. Smart Phones: Virtual personal assistants such as Siri, Google Now, Google Assistant and Cortana are few examples of AI implementation in smart phones. These virtual personal assistants help you dial a number, locate your favorite restaurant, etc.
  9. Banking and Finance: ICICI Bank has been experimenting with AI, through which their email bot sorts out customer and distributor emails, based on the status of transaction. Robots utilizing AI are quicker at data crunching to provide forecast using market data. Applications would include indicating change in stock trends, managing finances and recommendation of which stocks to buy or sell depending on the customer pattern of purchases or sale.
  10. Journalism: News channels and news reporting companies use AI to prepare simple reports on sports and elections which otherwise would be a time consuming exercise. Media houses like the BBC, The New York Times and The Washington Post have been integrating AI into their newsrooms.

In the twenty-first century, AI techniques have experienced a revival following current advances in computer power and AI techniques have become an essential part of the technology industry to help solve numerous challenges and problems in computer science. Artificial Intelligence is also predicted to grow its influence in the coming years in technology. Because of the ever growing rise in the advancement of technology, tech companies all over the world are now hiring people who specialize in Artificial Intelligence, Machine Learning, Deep Learning, among many other such subjects. There is a dire requirement to fill in the gap with people who are knowledgeable and experienced in these topics. People are now opting for courses and programs that train them on Artificial Intelligence skills.

One such Business school that provides excellent courses on Artificial Intelligence is WeSchool, Bangalore. WeSchool (Welingkar Institute of Management) is one of the best B-schools in Bangalore, India that carter to a 3-day course in Artificial Intelligence, Machine Learning and Deep Learning for corporates, top level management, mid to senior level management, business owners, leaders, working professionals and entrepreneurs. WeSchool, Bangalore  is a renowned business school that provides the best PGDM and leadership courses in India. To know more about the course details and our campus at Electronic City, Bangalore, please log on to the WeSchool website https://www.welingkarexedp.com/[/vc_column_text][/vc_column][/vc_row]

How will Artificial Intelligence change the way you lead

[vc_row][vc_column][vc_column_text]In recent times, the buzzword in terms of technology is Artificial Intelligence (AI). It simply means that a machine or software can exhibit intelligence that almost simulates the cognitive functions of the human mind, in terms of problem solving and learning. Artificial Intelligence is already being implemented in different sectors of our day to day life and has impacted the current technology as well. The best examples of AI in our daily life that most people are familiar with, are personal assistants on your smart phones like Google Now, Google Assistant, Siri and Cortana. Apart from these, AI has had a huge influence on things like spam filters on emails, smart categorization of emails, detection of network intruders and preventing the data breach, apps like Uber and Ola, commercial flights that use AI autopilot, among many others.

Artificial Intelligence will also change the way we lead in ways that were unimaginable a few years ago. The image of an artificial life taking over your job can be threatening for some people. However, like everything else, it is a part of evolution in the world of technology. As new technologies and Artificial Intelligence ar implemented in the workplace framework, there are better opportunities to make the workplace more efficient. Productivity levels will automatically increase as time and energy will not be consumed over daily, mundane, sub-standard tasks. Leaders will have to decide which tasks are meant for the AI in the organization, thereby making the employees with more time available for complex jobs that require more productivity, strategy, design and implementation.

Artificial Intelligence, however, is not a replacement for human knowledge and originality of thoughts and ideas. AI is rather a supporting tool for the humans that will help us to work efficiently and productively. Since AI is proficient at processing and analyzing data far more quickly than a human brain can, we can use AI to help understand possible consequences of each action and make the decision-making process smooth. Leaders and executives from any industries need to keep on adjusting and upgrading their skills with the advancement of technology and will need to be open about the notion of incorporating Artificial Intelligence as a part of their corporate lifestyle.

The advancement of technology and the realization of the significance of AI has made organizations implement it in their hiring process as well. Organizations all over the world are now hiring their employees who specialize in Artificial Intelligence, Machine Learning, Deep Learning, among many other such subjects. Tech companies are investing in AI financially in terms of educating and training their employees to become specialists in these subjects. As there is a dire requirement to fill the gap with people who are experts in Artificial Intelligence, Machine Learning and Deep Learning, people are now choosing courses and programs that can train them for learning this technology.

If you’re looking for a renowned business school that provides top-notch courses on Artificial Intelligence and other Leadership & Management Development Programs, one such business school is WeSchool, Bangalore. Popularly known as WeSchool, Bangalore – Prin. L.N. Welingkar Institute of Management Development & Research is one of the best business schools in Bangalore, India that caters to 3-day course in Artificial Intelligence to working professionals, leaders, corporates, entrepreneurs and business owners. WeSchool, Bangalore delivers the best PGDM, corporate leadership programs and Data Analytics courses in India.  They also provide Design Thinking & Innovation Program, Corporate Training Programs, full time and part time MBA for working professionals in Bangalore.  With WeSchool, Bangalore, the best b-school in Bangalore, India, you’ll get an opportunity to learn about Artificial Intelligence, Machine Learning, Deep learning and much more.

To know more about the course details and our Bangalore campus at Electronic City, please log on to the WeSchool website https://www.welingkarexedp.com/[/vc_column_text][/vc_column][/vc_row]

Importance of AI in the corporate world

[vc_row][vc_column][vc_column_text]When it comes to technology and computer science, Artificial Intelligence or AI is the most talked about jargon in the recent times. AI generally is a notion that refers to machines or software that can stimulate cognitive functions similar to the human mind. AI can have intelligence which almost mimics humans in terms of learning, problem solving and carrying out tasks in a way that humans do. AI is designed to make real-time decisions unlike passive machines that are only capable of mechanical and fixed responses. AI has distinctive algorithms that give them the ability to learn and adapt as they make decisions. The most prominent types of Artificial Intelligence that has transformed and impacted technology are Machine Learning (ML) and Deep Learning (DL). Machine Learning is a division of Artificial Intelligence in the field of computer science. Deep Learning is a function that imitates the human brain in data processing and decision making with the use of patterns created over the time.

Artificial Intelligence, however, is not a replacement for human knowledge and originality. AI is rather a supporting tool for the humans that will help us to work efficiently. Since AI is proficient at processing and analyzing data far more quickly than a human brain could, we can use AI to help understand possible consequences of each action and make the decision-making process smooth-running. Especially for manufacturing industries, robotic technology has been responsible for altering simple yet time-consuming processes and being replaced for tasks such as mining activities, welding and movement of parts within a factory. As organizations become more productive, time and money can be invested in engaging with the workforce, which means that a better worker experience can be created for better customer experience.

Machine Learning and Deep Learning has been implemented by a number of apps and corporations. Whether it is Apple’s digital assistant Siri, Google’s digital assistant Google Now or Cortana in Windows Mobile, AI has been transformational to the extent that it almost seems to replicate human characteristics, intellect and behavior. However, it is only recently that companies have been able to predict and visualize the possibilities that AI and robotics can bring to the business world in the future. A known example is Facebook, which uses facial recognition software that asks people to label their photos to improve accuracy. ICICI Bank also has been experimenting with AI, through which their email bot sorts out customer and distributor emails based on the status of transaction. A company like Enlitic is a pioneer in Medical Deep Learning.  Enlitic is one of several Deep-Learning startups that use AI to scan medical images to help diagnose cancer. Another innovative company is Affectiva, an emotion measurement technology company that grew out of MIT’s Media Lab. Affectiva uses them to recognize emotions such as joy, surprise and anger in focus groups. Other sectors that use AI are self-driving cars, stock exchanges, cyber security, video games, national defense and ride-sharing companies like Ola and Uber.

The advancement of technology and the realization of the significance of AI has made organizations implement it in their hiring process as well. Organizations all over the world are now hiring their employees who specialize in Artificial Intelligence, Machine Learning, Deep Learning, among many other such subjects. Tech companies are investing in AI financially in terms of educating and training their employees to become specialists in these subjects. As there is a dire requirement to fill the gap with people who are experts in Artificial Intelligence, Machine Learning and Deep Learning, people are now choosing courses and programs that can train them for learning this technology.

Artificial Intelligence is quickly gaining its pace in technology and is affecting our lifestyle, work and business, therefore making it imperative to have knowledge in these skills. One of the renowned business schools in Bangalore is WeSchool (Welingkar Education) that provides a top notch 3-day course in Artificial Intelligence to working professionals, leaders, entrepreneurs and business owners. WeSchool, Bangalore is the best Business School in India the gives an opportunity to learn about Artificial Intelligence, Machine Learning, Deep learning and much more. To know more about the course details, please log on to the WeSchool website https://www.welingkarexedp.com/[/vc_column_text][/vc_column][/vc_row]

Types of Artificial Intelligence (AI)

[vc_row][vc_column][vc_column_text]The recent buzzword in terms of technology is Artificial Intelligence (AI). In a broad sense it means that a machine or software can exhibit intelligence that almost simulates the cognitive functions of human mind, in terms of problem solving and learning. Artificial Intelligence is being implemented in different sectors of our day to day life and has impacted the current technology as well. The best examples of AI in our daily life that most people are familiar with are personal assistants on your smart phones like Google Now, Google Assistant, Siri and Cortana. Apart from these, AI has had a huge influence on things like spam filters on emails, smart categorization of emails, detection of network intruders and preventing the data breach, apps like Uber and Ola, commercial flights that use AI autopilot, among many others.

Artificial Intelligence has a vast spectrum of classification but the most prominent ones that have been influencing the rise in technology are Machine Learning (ML) and Deep Learning (DL). Machine Learning is something that applies statistical techniques that help systems to automatically learn and improve the performance of a particular task without being exclusively programmed. Machine Learning is a division of Artificial Intelligence in the field of computer science and has been particularly used in audio-visual analysis, automatic translation or transcription and driverless cars. Machine Learning is the advanced development of computer programs that can access data and learn to use it for themselves.

Deep Learning is another division of Artificial Intelligence that has networks capable of learning unadministered data that is unstructured. Deep Learning is a function that imitates the human brain in data processing and decision making with the use of patterns created over the time. Deep learning is applicable across all industries for a number of different tasks. Few examples are apps that use image recognition, open source platforms with consumer recommendation apps and medical research tools that explore the probability of reusing drugs for new diseases. It is also used for voice and image recognition algorithms by Google, Netflix and Amazon to decide what you want to watch or buy next.

Although Artificial Intelligence is gaining its pace in technology and most of the tech companies by now have come to a realization that more Machine Learning and Deep Learning experts are required in the industry, however there are only a few experts having the knowledge, education, talent and experience to work on these AI technologies. The lack of skill set and manpower is hampering the digital revolution all over the world. In order to meet this talent shortage, the tech giants all across the globe can now be observed becoming more committed to making Machine Learning and Deep Learning accessible to students and developers by offering programs and courses in AI.

Artificial Intelligence can transform the way we work, interact and communicate and for this to happen there’s a need to put the right tools in the right hands. A renowned business school that provides a top notch 3-day course in Artificial Intelligence to working professionals, leaders, entrepreneurs and business owners is WeSchool, Bangalore – the best business school in India, where you’ll get an opportunity to learn about Artificial Intelligence, Machine Learning, Deep learning and much more. To know more about the course details, please log on to the WeSchool website https://www.welingkarexedp.com/[/vc_column_text][/vc_column][/vc_row]

What is Artificial Intelligence (AI)

[vc_row][vc_column][vc_column_text]The term Artificial Intelligence (AI) has been the most talked about topic in recent times and rightly so. AI is something that everybody is utilizing in their daily life and has a huge influence in technology. Artificial Intelligence colloquially is a simple concept of machines being able to carry out tasks in a smart and human way. AI mimics cognitive functions that humans associate with other human minds, such as learning and problem solving. These days, the concept of Artificial Intelligence has been shifted from concentrating on complex calculations and has rather been working in the field of AI concentrated on mimicking human decision making. Artificial Intelligences or the devices designed to act intelligently are often classified into one of two fundamental groups – applied or general. Applied AI is far more common in which systems are designed to intelligently trade stocks and shares, or operate an autonomous vehicle.  Systems or devices which can in theory handle any task are uncommon, but this is where some of the most exciting advancements are happening today. But it also is the area that has led to the development of Machine Learning which is often referred to as a subset of AI and it’s really more accurate to think of it as futuristic.

Today, Artificial Intelligence is severely being used for automation across several industries.  Robots are already taking over jobs that do not require human intelligence and are being replaced for tasks such as mining activities, welding and movement of parts within a factory.  All these tasks were actually carried out by humans in the past. The financial industry is also seeing a huge rise in the use of Artificial Intelligence for advisory in investment sector. The use of AI can be seen in the healthcare sector too. With the help of AI, physicians can now decide better treatment and can predict the medication for future complications. Not only that but now with the help of AI, the cancerous cells can be differentiated from the normal cells. The apps that the people use every day in their phone are highly affected by Artificial Intelligence. Digital personal assistants like Siri in iOS, Google Now in Android, and Cortana in Windows Mobile are the examples of how the use of AI has been changing the face of technology. Artificial Intelligence is often the technology deployed to monitor and stop fraudulent e-mails. Other segments where AI can be seen being used frequently are video games and security surveillance.

Whether it’s your smart phone, your car, your bank, or your house, they all use artificial intelligence on a daily basis. In the twenty-first century, AI techniques have experienced a revival following current advances in computer power and AI techniques have become an essential part of the technology industry to help solve numerous challenges and problems in computer science. Artificial Intelligence is also predicted likely to grow its influence in the coming years in technology. Because of the ever growing rise in the advancement of technology, tech companies all over the world are now hiring people who expertise in Artificial Intelligence, Machine Learning, Deep Learning, among many other such subjects. There is a dire requirement to fill in the gap with people who are knowledgeable and experienced in these topics. People are now opting for courses and programs that train them on Artificial Intelligence skills.

One such business school that provides excellent courses on Artificial Intelligence is WeSchool, Bangalore. WeSchool is one of the best business schools in India that carter a 3-day course in Artificial Intelligence, Machine Learning and Deep Learning and much more, to business owners, leaders, working professionals and entrepreneurs. To know more about the course details, please log on to the WeSchool website https://www.welingkarexedp.com/[/vc_column_text][/vc_column][/vc_row]

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