Innovations in Artificial Intelligence – How AI will change the Future of Humanity?

In recent times, AI has gone from a sci-fi dream to a basic piece of our regular day to day existence. We use AI frameworks to connect with digital assistants like Siri, Alexa, and Google; vehicles made by Tesla decipher and break down their environmental factors to brilliantly drive themselves.

Amazon screens our shopping history and afterward presents items it thinks we’d prefer to purchase, and even Google chooses what results to give us dependent on our search history.

In any case, this is just the start, and one day we’ll glance back at AI in 2020 and giggle about how immature it was. Let us take a look at the ways in which Innovations in Artificial Intelligence can change the future of humanity.

Innovations in Artificial Intelligence

1. Healthcare

One of the most deep-lying innovations in Artificial Intelligence is in the Healthcare space. A device as common as a Fitbit or an iWatch collects a lot of data like the sleep patterns of the individual, the calories burnt by him, heart rate, etc.

This device, when powered with AI can easily monitor and notify abnormal trends and even schedule a visit to the nearest Doctor by itself. It is also of great help to the doctors who can get help in making decisions and research with AI.

2. Automobile

With automobiles changing from an engine with a chassis around it to a software-controlled intelligent machine, the role of AI can not be underestimated.

The goal of self-driving cars, in which Autopilot by Tesla has been the frontrunner, takes up data from all Tesla’s running on the road and uses it in machine learning algorithms.

This is because of which Tesla has attained Level 2 Autonomy on-road and hopes to attain 100% Autonomy(Level 4) in the coming years.

3. Banking and Finance

The one industry which has been the early adopter of Artificial Intelligence in the Banking and Finance Industry.

From Chatbots offered by banks, for example, SIA by State Bank of India, to intelligent robo-traders by Aidya and Nomura Securities for autonomous, high-frequency trading, the uses are innumerable. With time, the impact of AI on Banking and Financial Services would witness exponential growth.

4. Surveillance

AI has made it possible to develop Facial Recognition Tools which can be used for surveillance and security purposes. This empowers the systems to monitor the footage in real-time and can be a pathbreaking development in regards to public safety.

Though this has received a lot of criticism in recent times for being misused and a violation of the fundamental right of privacy, the industry is expected to grow at a rapid pace in the future.

5. Social Media

Social Media is now not just a platform for networking and expressing oneself. It subconsciously shapes our choices, ideologies, and temperament.

All this because of the Artificial Intelligence tools which work silently in the background, showing us posts that we “might” like and advertising products that “might” be useful based on our search and browsing history.

Recently, Instagram revealed how it has been using AI to customize content for the Explore Tab.

6. Entertainment

The entertainment industry relies heavily on the data collected by the users. This is due to the advent of online streaming services like Netflix and Amazon Prime.

It provides recommendations based upon the previously viewed content. This provides accurate suggestions and creates content that would be liked by a majority of the viewers.

7. Education

In the education sector, there are a host of problems that can be solved by the implementation of Artificial Intelligence. Some of them being automated marking software, Content retention techniques and suggesting improvements.

This can help the teachers monitor the academic, psychological, mental and physical well being of the students. These are very important for their all-round development. This would also help in extending the reach of education to areas where quality educators can’t be present physically.

Case-based simulations offered by Harvard Business School are one such example.

8. Space Exploration

Venturing into the vast realms of the undiscovered universe is a risky task which astronauts have to take up. Artificially Intelligent systems are being developed to reduce the risk of human life.

Unmanned space exploration missions like the Mars Rover have been possible because of the use of AI. More such systems are developed for future endeavors.

Conclusion

The more we consider and create man-made reasoning, it turns into this hugely incredible asset that we have to treat with utmost care. As futurists attempt to design out a quickly changing world, the greatest obstacle isn’t mechanical, yet financial and political.

Only a couple of tech imposing business models control the most recent discoveries in information gathering, handling, dissecting, and keeping in mind the information. We trust that innovations in Artificial Intelligence will help advance our general public.

It might simply wind up attempting to profit the tech business and just the individuals who can stand to exploit less expensive. AI is here, however for the present, we simply don’t have the foggiest idea what’s on the horizon.