How Artificial Intelligence Will Change The World Forever

Artificial Intelligence (AI) is that part or area of our modern-day technology where we create machines or computers with intelligence so that they are capable to work and react just like human beings. They have the power of decision making, speech recognition, and critical thinking and are quite capable of handling many day to day tasks that we the human beings do every day in our home or at the office.

In fact, in the last few years AI has developed several times and with increasing application of AI in different areas like government, personal life and business the day is not further when artificial intelligence will have its influence in every aspect of our lives and change the world forever.

AI In Process Automation 

Process automation has witnessed a huge growth in the last few decades and all the credit goes to artificial intelligence. AI has improved the automation process substantially and increased its application in the industry. Business processes have been strengthened by the invention and development of various automation tools each year. Home appliances were the first-ever automation tool followed by the invention of industrial robots.

Nowadays technologically advanced AI-based robots are working along with humans in different factories and manufacturing industries in order to make the manufacturing process faster and efficient. As per industry experts, we are experiencing an exponential growth in AI and a new era of automation is emerging in the near future. Routine cognitive processes are being taken over by automation and smart algorithms powered by AI are playing an important role in industries like the financial sector, retail sector, and hospitality industry. The AI power machines are not only efficient and highly advanced but also can work 24*7*365 without any break.

Market Analysis & Customer Insights 

AI can be extremely helpful in analyzing market trends and customer behavioral patterns. All the customer and market data collected by several means such as web matrix, social media, and system matrix can be integrated into the system to undergo predictive analysis in order to develop and market products as per the market trend and customer preference.

AI also plays a crucial role in startup businesses and can help them in generating new ideas for the growth and expansion of their business venture. With constant research and development, AI has become so advanced these days that it can help a lot in deciding marketing strategies and suggest effective ways for cost reduction with the usage of proper marketing tools for your business. You can even eliminate non-potential customers from your database if all the AI systems are in place and running.

Artificial intelligence can also be used to understand customer behavior on social media platforms online and keep a track of their purchasing behavior so that the right product can be pushed in a targeted manner.

AI In Face Recognition

AI has evolved at a very fast pace and it plays a significant role in the way face recognition technology works today. ‘Pay With Your Face’ technology is one of the finest development of artificial intelligence and it enables you to pay by using a face recognition algorithm and saves a huge amount of time in the process. With the help of this technology, millions of transactions can be done in a faster manner and it will reduce the cost of payment gateways as well.

The plus point of AI is that it enables machine learning and can remember new faces each day and it will be able to identify even the slightest difference in your face if it doesn’t match. AI has even moved one step further and can now even do biometric analysis and recognition of the voice of the users and match them with their real identity.

Application of AI in Virtual Assistance:

Artificial intelligence has already found a place in virtual assistance of several companies across the world. Chat boxes are the most widely used virtual assistant in customer service. However, many people might not be convinced with the idea of using a machine that will speak with the customers and might fear that it may stop working at some point in time.

But you need to remember that AI has become so advanced that it is capable enough to handle such situations with ease. If we take the example of the airline industry, a virtual chat box powered by AI can easily answer simple customer questions like flight timings, flight status, alternative flights, and many such simple questions and the human assistants can concentrate on more advanced questions. In this way, you can simply divert the initial level of customer support to AI-powered chat boxes and can reduce a lot of load from the human assistants.

Get Ready For AI-Powered Pet:

We all love to have pets that will accompany us in the house and play with us in our free time. Some people simply need the companion of a furry friend which energize them and give them the energy to spend the whole day. But how about having an AI-powered pet or companion to give you the much-needed company? Yes, you have heard it right.

Now there is no need to keep a real pet and look after him. You can simply have an AI-powered companion who will give you the much-needed support and even play some sweet music when you want. Household robots powered by AI are not only becoming cute and lovable these days but also can learn and replicate the most vital aspects of pet intelligence. The AI-powered pet will soon become your loyal companion and create an everlasting bond with you with its unique personality and learning ability.

Artificial Intelligence or AI has grown at a significant rate in recent years and now it is getting mixed slowly with each and individual aspect of our daily life. The day is not further when you will find applications of AI in anything and everything you see around you and it will change the world forever.