Top 10 trending application of artificial intelligence (A.I.) in 2020
Artificial Intelligence or Machine intelligence simulating human like intelligence through learning algorithms. Now a days artificial intelligence invaded almost every industry. AI industry booming in almost every fields recently. Let's look at the application of machine intelligence or AI in various domains.
Application of AI in healthcare industry
Recent developments in harnessing AI for healthcare system is trending as per recent scenario. It is requirement of recent times to develop this kind of systems which can transform the classical diagnosis tools through AI based diagnosis for the better future. Also AI based assistive system can be very useful for the doctors where shortage of doctors are an issue in time of emergency, e.g., COVID - 19 pandemic.
The AI based systems trained on a millions of data points gathered from electronic health records of millions of patients and and this AI based system can diagnose a long history of patients better than doctors.
For example mFine.co is one of it's kind in serving healthcare workers, lab technicians and doctors with AI enabled systems. This platforms simply connect you with hundreds of doctors near you at your finger tips. More than 0.7 million users have trusted mFine app as family doctors on the go, especially for non emergency conditions.
The image or visual content contains a vast range of information to identify instances = an application of AI which involves training of algorithms on these data. In healthcare sectors, these types of data gathered for analyzing radiology reports to retina scans.
Computer vision - an AI based tool used for diagnosing diseases such as cancer (over 1 million cases of cancer are found in India every year but the country has only about 2,000 pathologists experienced in Oncology) can give results faster and cheaper. For example, Qure.ai one of it's in healthcare start ups provide services based on AI algorithms for medical imaging. Built on deep learning technology trained using millions of images (e.g, X-rays, MRIs, CT scans)
Artificial Intelligence can not replace the doctors but certainly it can provide significant assistance to the doctors and healthcare workers.
Application of AI in Aviation industry
Recently a lot of startups came out with vibrant ideas in aviation industry. AI based software pulls out the information of thousands of parts of aviation manufacturing industry that go into procurement management. The software simplifies sourcing and creates a plan for assembling the final product.
The other AI based startup pulls out PDF documents and all non-readable legacy text files such as aircraft manuals and presents them in a readable format for new digital technologies. - Stelae Technologies
Stelae’s tech plugs into any on-premise and cloud solution to pull out documents; these also include defense aircraft modules stored 20 years ago.
Asteria Aerospace is a robotics and artificial intelligence company that develops drone based solutions to provide actionable intelligence from aerial data. Their capabilities and intellectual property across the entire drone technology stack of hardware, software and analytics enable them to build deeply customized aerial remote sensing tools.
Application of AI in Finance technology
Artificial Intelligence can be significantly helpful in finance through better investment plans. Everybody wants to earn more money with better investment plans in stock market or want a loans process hassle free. It is a perfect opportunities for AI based finTech startups to grow such as Rubique is one such FinTech startup that is contributing to making finance simple by using AI.
There is another one that deals with providing loans to small businesses. These super cool startups tackling most of the financial issues securely and automatically.
LendingKart has developed technology tools based on big data analysis which facilitates lenders to evaluate borrower’s creditworthiness. They don’t focus on past records of the vendor. The main aim of LendingKart is to make capital funds available to help entrepreneurs focus on their business instead of worrying about cash-flow flaws.
Some of the cool finTech companies to check out!
- CreditMate is a collection platform that helps lenders to collect overdue payments from borrowers. Powered by tech-innovation, digital-first communications & smart strategies
- Coverfox is a licensed broker. Which means we are paid a commission for each insurance policy we sell, by the insurance companies.
- Flexiloans is an online lending platform started with an endeavour to solve the problem that SMEs face in accessing Quick, Flexible and Adequate funds for growing their Businesses.
- mPokket is a mobile application – based Digital Lending Marketplace.
- Mswipe card swipe machines or EDC machines are safe and secure and accepts all debit & credit cards
- PaisaDukan is into the business of Peer to Peer (P2P) lending. PaisaDukan is an online platform which connects borrowers and lenders for loans
Application of AI in business
Artificial Intelligence have transformed the assembly line of manufacturing industry through automation where earlier those task performed by human mostly repetitive task. The analytics tools and CRM (Customer Relationship Management) platforms are now powered by AI algorithms such as machine learning and deep learning algorithms to serve fast, reliably and better.
Chat bots are common now a days for customer services on websites to e-commerce companies. The automation in these service sectors have raised a question of jobs among academic and IT consultancies.
Robotics industry gained momentum as artificial intelligence have played major role. Generally, Robots are pre-programmed such that it can perform cerrtain repetitive task, but now intelligent robots are created by incorporating artificial intelligence algorithm which can perform task based on previous experience without being explicitly programmed.
Recently humanoid robots gained attention which powered by artificial intelligence. Erica and Sophia named humanoid robots made their mark which can talk and behave like a humans.
E-commerce industries such as Amazon, Netflix, Flipkart and snapdeal, etc., have extensively use the recommendation systems powered by AI for better user experience and target marking for small medium enterprises.
Application of AI in travel and transport
AI is becoming highly demanding for travel industries. AI is capable of doing various travel related works such as from making travel arrangement to suggesting the hotels, flights, and best routes to the customers. Travel industries are using AI-powered chat bots which can make human-like interaction with customers for better and fast response.
Boxever, co-founded by CEO, Dave O’Flanagan, is a company that leans heavily on machine learning to improve the customer's experience in the travel industry and deliver 'micro-moments,' or experiences that delight the customers along the way. It's through machine learning and the usage of A.I. that the company has dominated the playing field, helping its customers to find new ways to engage their clients in their travel journeys.
John Paul, a highly-esteemed luxury travel concierge company helmed by its astute founder, David Amsellem, is another powerful example of potent A.I. in the predictive algorithms for existing-client interactions, able to understand and know their desires and needs on an acute level. The company powers the concierge services for millions of customers through the world's largest companies such as VISA, Orange and Air France, and was recently acquired by Accor Hotels.
Application of AI in autonomous vehicles
Recently automotive industries have changed it's course towards self-driving cars using AI. For example, Tesla launched it's state of the car supported by virtual assistant - Teslabot, is a facebook messenger chatbot for Tesla owners which provide services like lock-unlock, locate your car in parking base and keyless driving which makes them one of the best cars ever made.
Various Industries are currently working for developing self-driven cars which can make your journey more safe and secure.
These cars gathers a lot of data through sensors employed in cars such as visual data of surrounding environments which are processed and serve in real time. Autonomous vehicles are equipped with advanced tools to gather information, including long range radar, cameras, and LIDAR.
Several applications for these vehicles and among them immediate ones are as follows:
- Directing the car to gas station or recharge station when it is running low on fuel.
- Adjust the trips directions based on known traffic conditions to find the quickest route.
- Incorporate speech recognition for advanced communication with passengers.
- Natural language interfaces and virtual assistance technologies.
Application of AI in education sector
Education sector have seen remarkably transformation through artificial intelligence technology. For example, Teacher-student interaction have significantly changed, teaching methods, automated grading systems which can give more time to educators for other research work, on other hand students can learn at their own pace with abundance of resources. Chat bot can communicate with students as a teaching assistant so that tutor can have more time.
AI in the future can be work as a personal virtual tutor for students, which will be accessible easily at any time and any place.
Application of AI in Agriculture sector
Agriculture sector have been using technology since the industrial revolution started in 19th century. In 21st century, agriculture sector moving one step ahead through digital, automation, predictive analytics and monitoring crops.
For example, Tamil Nadu e-Governance Agency has developed the mobile application which can scan images of crops and identify the diseases and provide solution (includes disease name, pests to use for particular disease) at farmers finger tips.
Application of AI in gaming industry
Artificial Intelligence or AI is in gaming industry as early as 1949, one player chess game where one player play chess against computer. AI can be used for gaming purpose. The AI machines can play strategic games like chess, where the machine needs to think of a large number of possible places.
AI was deployed for constructing simulation something like close to reality such human like unpredictability, human like emotions
Let's look at one of the best example of this as below
Application of AI in social media sector
The technologies of 21st century have changed social interaction of human as we live in this age of AI now. Facebook, Whatsapp, Instagram, Snapchat, Twitter platforms have changed the society through this every human using this platform every day for various purposes ranging from personal to business. But have ever wonder how this platforms are working with multiple users at the same time? The general answer to is AI or Artificial Intelligence, the majority of your feeds on this platforms are influenced by Artificial Intelligence.
Based on your past activities on social media platforms or search engines such as past web searc history, interactions with online content or activity, etc all these data stored and analyzed. Thus these platforms give you personalized experience.
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