AI has found use in a number of industries. But what are some of the most unique uses?
One of the most common uses of AI is in the retail and e-commerce sector. For example, the product recommendations on your Amazon account are powered by complex AI algorithms.
1. Predictive Modeling
Predictive modeling is a data-driven technique that uses statistics to predict future events. It is used in many industries and can help organizations make better decisions.
Healthcare – Predictive models are increasingly used to help doctors determine the most effective treatment for their patients. These tools also assist doctors in reducing risk by detecting potential adverse drug reactions.
Developing predictive models can be challenging. First, organizations need to acquire and sort the right data to use in the algorithms. The data must be clean, accurate and relevant to the analysis.
2. Natural Language Processing
NLP is a branch of AI that helps computers understand human language. It involves a lot of unstructured data and requires statistical and machine learning methods to interpret it.
The technology is useful in a wide range of industries, including machine translation and speech recognition. It also enables businesses to extract valuable insights from customer reviews and surveys.
In some cases, NLP uses deep learning to create models that can interpret free, unstructured text. This can be helpful in analyzing huge amounts of information scattered across the web, such as patient medical records or social media posts.
Another use of NLP is in enterprise search. By breaking down human language sentences into specific components, these systems can match a user’s query with features in a data set and return a relevant answer.
3. Machine Learning
Machine learning is a type of artificial intelligence that allows computers to learn from data. It enables machines to discover trends and patterns in big data that humans often miss, and it can help businesses automate their processes.
Some of the most common examples of machine learning include product recommendations on e-commerce sites, image recognition and language translation. These algorithms are behind the chatbots that appear on Amazon’s and Netflix’s websites, and the recommendations you get from a Google search.
However, despite its usefulness, machine learning is a complex field with numerous ethical questions. For example, it can be difficult to train AI systems on data that has a history of biases. This can create issues such as digitizing cultural prejudices or creating new forms of discrimination.
4. Deep Learning
Deep learning is a type of machine learning that uses multiple layers of artificial neural networks to learn from data. It aims to mimic how the human brain processes information, leading to a system that can generalize and adapt as new data arrives.
The deep learning method also allows a system to “remember” past events, which can help it understand current events better and predict future trends. This can be useful for predicting traffic patterns or even suggesting an alternate route when you’re in a jam.
Deep learning can be used for a variety of applications, from text translation to image captioning. For example, Google Translate uses a deep learning model to translate photographic images into real-time text in any language.
5. Automation
Automation is the ability to program a machine to perform routine tasks. These machines can be used to perform a variety of activities such as accounting, processing payroll, and maintaining inventory.
Automating processes allows organizations to streamline repetitive tasks and free their human workforce to focus on more meaningful work. These technologies can also be used to find opportunities for process and task improvement, allowing organizations to zero in on their highest-ROI areas.
AI can be implemented in a wide range of industries and functions. However, there are many factors that impact how fast and how widely these technologies are adopted. These include technical feasibility, business case considerations, and social norms.