What is Artificial Intelligence?

Artificial Intelligence is making such a fast and impressive progress that we might be surprised by just how commonplace it has become in our daily lives. From self-driving cars to smart home devices, robots and virtual doctors, automated customer support and AI-powered financial advisors, Artificial Intelligence is almost everywhere, thus changing the way we live, work, communicate and do business.

Many people see Artificial Intelligence as a new phenomenon or a science fiction story, but the rapid development of the AI industry and its growing role in our everyday lives make it the next big technological reality.

Artificial Intelligence is the ability of a machine or a computer program to perform tasks requiring human intelligence. The concept behind the AI is to create smart computer systems capable of thinking, understanding, learning, or acting like humans and help solve complex problems.

As such, Artificial Intelligence has become a driving force for many of the latest technological advancements with its innovative opportunities and smart solutions. The constantly improving capabilities of data analysis, visual recognition, and automation win a competitive advantage for various sectors with business operations. 

• Retail industry uses big data and predictive analysis to get valuable insights about what customers want and uses the data to create better products and services tailored to their needs. 
• Computer vision and image recognition technology are used in the healthcare industry to help in microsurgical procedures, as well as to detect the emotions of the patients at different stages based on real-time emotion detection technology. 
• Data analysis is becoming a big part of the construction industry, where companies use AI tools for determining materials-based expenses, pricing processes, estimating the best place for a project, and the average time for project completion. 
• Banking is another sector that greatly relies on AI-enabled solutions to instantly process data and provide relevant financial advice, help customers through the virtual assistants, as well as prevent fraud and increase the safety of their premises by applying face recognition technology.

As you can see, every use case of Artificial Intelligence brings different benefits across various industries. With its unique opportunities to the world and more value to its users, Artificial Intelligence has the potential to improve the human experience and enhance our world in many ways.