Artificial Intelligence: Benefits and Applications

This assignment provides a comprehensive study on artificial intelligence, exploring its meaning, usefulness, benefits, successful implementation, and applications. It covers various aspects of AI, including its impact on humans and organizations, as well as its application in fields like healthcare, finance, and education.

Is Artificial Intelligence a threat
or an aid to the future of
humanity? Discuss

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Meaning of Artificial Intelligence...............................................................................................3
Usefulness of Artificial Intelligence...........................................................................................3
Benefits of Artificial Intelligence................................................................................................4
Some successful implementation of Artificial intelligence........................................................6
Applications of Artificial intelligence.........................................................................................7
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Artificial intelligence is a computer science branch which focuses on development of
machines of intelligence, which works and think like humans (Balthazar, and et.al., 2018). The
report will lay emphasis on Artificial Intelligence is threat of aid for future. Common examples
of Artificial intelligence is problem solving, planning and learning, speech recognition, etc. This
report will discuss about Artificial intelligence which is an aid or threat. An essay will be
provided for Artificial intelligence which is an aid for future of human beings. This report will
include usefulness of Artificial intelligence. Also, benefits for individual human being and
organisation will also be discussed.
MAIN BODY
Meaning of Artificial Intelligence
It is a process of human intelligence by using machines, like computer systems.
Application of Artificial intelligence mainly included speech recognition, expert system and
machine vision. The Artificial intelligence is self sufficient to learn, and correct themselves when
needed (Dunis, and et.al., 2016).
Usefulness of Artificial Intelligence
Artificial intelligence is useful for many areas or working, like healthcare, law, education and
business etc. Some of them will be discussed below :
Artificial intelligence in business
In businesses, machine learning algorithms are useful while integrating analytics and corporate
responsibility management to disclose information. So, that businesses serve their best to
customers. Also, businesses are incorporated by chat-bots into their websites to provide
immediate discussion with customers.
Artificial intelligence in healthcare
The Artificial intelligence deals in healthcare of humans. These technologies are cost efficient
and gives best results to human beings. One of the famous healthcare Artificial intelligence
technology is IBM Watson. It is capable to understand natural language and responds to
questions asked. This device performs text mining and analytics of unstructured data of huge
volumes (Enshaei, Robson, and Edmondson, 2015). Also, Chatbots are included for computer
programming to answer the queries of patients. This technology also helps for taking
appointments and billing process to help patients.
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Artificial intelligence in manufacturing.
Artificial intelligence in law
Here Artificial intelligence is helpful for making automation and use time in most efficient
manner. Like Lawbots is a device which is used in field of law. These are used to execute special
legal tasks such as, legal research and automation of document. Another technique of Artificial
intelligence is robot lawyer. This application can perform task which is done by young associates
at court.
Artificial intelligence in finance
Finance applications in Artificial intelligence is Mint (Turbo Tax). This application collects data
whether it is personal and professional both and also provide financial advise. IBM Watson is
also helpful in field of finance to get answers regarding finance and investment. Applications of
Artificial intelligence is an aid because they help in trading of many financial sectors.
Artificial intelligence in education
Artificial intelligence is helpful for students in their work or assignment completion. This
technology help students to guide and assist them at their convenience. Like presentation
translator is helpful for students to get subtitles in no time. This helps students in understanding
what teachers are saying. As if their languages are different this technology can be very effective
for students in understanding their lectures.
Artificial intelligence in manufacturing
In factories Artificial intelligence is very helpful as they as supporting manufactures in
production by saving time. Industrial robots are used to perform task individually because they
are capable enough to work more than human workers. Like industry of steels used Fero labs
technology in cutting down mill scaling, Artificial intelligence is able to reduce 15% of excess to
save expenses of Manufacturing industries.
Therefore, Artificial intelligence is helpful in many sectors. This helps sectors to grow and attain
profitability. Also, to address customers complaints and queries. The work done by Artificial
intelligence is in very efficient and effective manner.
Benefits of Artificial Intelligence
Although Artificial intelligence is an aid for society and businesses. The technology offers
several benefits to them. Some of them will be discussed below as :
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FOR HUMAN BEINGS
Save life of humans
Artificial intelligence is able to do tasks which is hazardous and dangerous. This helps humans to
accomplish work by Artificial intelligence techniques that could kill or hazard them. Like Robots
work in factories to lift heavy equipments (Weld, and Bansal,2018). Also, mining and digging
into fuel tanks done by Artificial intelligence techniques because they will not get affected by
hostile environment.
Speed and accuracy
The techniques of Artificial intelligence is capable to accomplish task in proper and accurate
manner. Also, these can complete tasks in speed which is not possible for humans. The work will
be done in efficiently and effectively.
Improvised elder care
Home robots helps senior citizen in their routine work. This allows them to being independent
and able to manage their tasks at home. Therefore, this improves overall well being of aged
persons.
Enhances lifestyle of humans
Artificial intelligence helps in enhancing lifestyle of humans. As smart homes is the best
convenient place for humans. Automatically functioning of domestic equipments help human
beings a great comfort lifestyle. Nowadays peoples prefer to use these Artificial intelligence
technologies according to changing trend (Joshi, 2017).
FOR ORGANISATIONS
Improving personalised shopping experiences
Artificial intelligence provides customers a personalised marketing engagement which helps
businesses to generate loyalty of customers. Thus, businesses are improving their sales. Also,
companies are able to identify customer's behaviour, pattern and habit to consume. Purchasing
behaviour of customers is known to company this help them to build good relation with
customers as they offer them discounts and bargaining coupons on interest of customers.
Customer interaction automation
Emails, social media conversations, Online chat is available in traits of Artificial intelligence
which helps companies to interact with customer's (Levy, 2018). Like, AI chat-bots can interact
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with numerous customer's at same time and answers queries of customers. This enables
customer's to get satisfy by attention they get by the company. Nowadays almost 85% of
customer interaction will be handled by machines.
Real time assistance
Transportation industry like bus, airlines and trains conveys millions of passengers through
sending personalised travel information such as ticket booking. This way the companies are
providing information to their passengers in real time (Safadi, Fonteneau, and Ernst, 2015). This
saves time of customers as well of the company. Some bus companies tracks location of buses
using Artificial intelligence devices. These devices make them aware about route of bus and
estimated time to reach till destination. This way they update on company's app and customers
receives information and satisfy their queries.
Data mining
The cloud-based Artificial intelligence apps enables to find and discover relevant data from huge
data. This technology saves time of the user as well as person who handles data is an advantage
for them. These data can be stored in cloud base technologies so that can be find anytime as and
when required.
Improvised recruitment process
Artificial intelligence helps businesses in recruitment of new workforce. This technology of
Artificial intelligence quickly sort application according to requirement of business. Thus, AI
eliminates work of recruitment companies short listing process. This is an advantage for
companies because it saves time and money because recruitment agency charges money. Also,
short listing process in not bias which is a need of every business.
Some successful implementation of Artificial intelligence
Siri
Siri is a personal assistant of Apple which is mainly launched for iOs, tvOs, macOs, and
watchOs device. Siri uses voice recognition of humans and answer back to them through speaker
in device. It is capable to guide directions, schedule events and meetings, or change setting of
devices like increase brightness or take a snap. By this way Siri help humans by providing
convenience in their task. Siri can understand natural language that is why it is most acceptable
Artificial intelligence technique among humans (Ma, Lee, and Yuen, 2016).
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P.A.N
It is an artificial intelligence software what provides analyses of textual data of any kind. Such as
fiction, newspaper, history, poetry etc. The application allows putting any text by user under a
microscope and it provides numerous variations for understanding to user. This helps user to
comprehend with an ease by using P.A.N.
Alexa
Alexa is another virtual assistant which is developed by Amazon. This device is capable to
interact and play back music can be executed. Also, users can make list of schedules under
Alexa. Another benefit is that user can play audio-books and listen weather forecast, sport and
traffic news on Alexa. Alexa is capable to control smart devices being a home automation
system. Alexa is liked by users as they provide convenient working to them. This is a successful
Artificial intelligence techniques which is developed to make life of human easy.
Wolfram Alpha
It is a free intelligent engine which answers users against their questions. Like Statistics, expert
review and source cross checking etc. Wolfram Alpha is used for answering request by
DuckDuckGo, Bing and Apple's Siri. App of Wolfram Alpha is available on iOs, Kindle fire,
Android and Nook. This is a successful app of Artificial intelligence that helps users in getting
answers for their queries. Wolfram Alpha is different from google as it gives specific answers
that matches the question. Therefore, it provides the best available answer to users.
Wipro HOLMES
It is a platform that used artificial intelligence for development of predictive systems, digital
visual agents, knowledge visualisation, visual computing applications, robotics and drones. It is
an assistant to enhance productivity and experience. Also, it is useful for hyper automation
(Skowron, Faliszewski, and Lang, 2016). As it helps in development of artificial intelligence
products which is very much in use nowadays.
Applications of Artificial intelligence
Helps the user with recipes
This Artificial intelligence helps users to create recipe which is based on ingredients already
have by them. It will search through availability of ingredients user have and search for dish user
can make. Also, this app provide instructions of preparation regarding it.
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Self driving cars
Tesla is a brand which develops self driving vehicle. Big brands like Audi, Volvo and Cardillac
has developing their models of self developing cars (Popenici, and Kerr, 2017). In this cars there
is no requirement of drivers. The cars use navigation to reach towards destination.
Snaps of users demand
Amazon develops a visual search option on the application of their e-commerce website. In this,
user can search their requirement according to picture. The application will show similar items
regarding the picture. This is preferable by many users as they provide convenience in shopping.
Super human doctor
Through Artificial intelligence doctors can diagnose cancer before getting late. These super
human doctors uses image recognition technology to diagnose problem areas of humans with X-
rays. This helps doctor to identify problem areas and prefer proper treatment regarding disease.
Life on another planet
Mars 2020 is a mission which is implemented by NASA (Pesapane, and et.al., 2018). In this
mission scientist of NASA are trying to make existence on Mars. They are using Artificial
intelligence tools for their research. The devices they send on Mars help them to gain more
knowledge regarding life on Mars.
Marketing through Artificial intelligence
A software Adext is developed for finding most profitable audience for the companies. It
optimises, manages and updates digital campaign in 20 different demographic areas per
advertisements and on numerous platforms (Pesapane, and et.al., 2018). This increases
performance of companies by promoting by digital advertisements techniques.
Best flight
An application is Hopper which is developed for tracking opportunities to buy tickets of flights.
As flight prices changed from minute to minute. This app able to predict patterns of price and
identify right time to buy tickets for travellers.
In charge of Accounting and Financing
Smacc is an application used to upload receipts of users, and convert platform into computers.
This application monitors sales, invoices and costs of users (Wani, Zeng, and Priimagi, 2017).
Also, this manages availability of liquidity with users.
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CONCLUSION
As per the group study of Artificial intelligence it has been concluded that Artificial intelligence
is an aid for future of humans. The report was started with meaning of Artificial intelligence.
After that Usefulness of Artificial intelligence were explained. Then report were highlighted
benefits of Artificial intelligence in respect of humans and organisation both. Then comes
successful implementation of Artificial intelligence which includes Siri, Alexa and many more.
At last report were ended with application of Artificial intelligence like best flight, chefs, super
human doctors etc was included in this.
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REFERENCES
Books and Journals
Balthazar, P., and et.al., 2018. Protecting your patients’ interests in the era of big data,
artificial intelligence, and predictive analytics. Journal of the American College of Radiology.
15(3). pp.580-586.
Dunis, C.L., and et.al., 2016. Artificial Intelligence in Financial Markets: Cutting Edge
Applications for Risk Management, Portfolio Optimization and Economics. Springer.
Enshaei, A., Robson, C.N. and Edmondson, R.J., 2015. Artificial intelligence systems as
prognostic and predictive tools in ovarian cancer. Annals of surgical oncology. 22(12). pp.3970-
3975.
Joshi, P., 2017. Artificial intelligence with python. Packt Publishing Ltd.
Levy, F., 2018. Computers and populism: artificial intelligence, jobs, and politics in the near
term. Oxford Review of Economic Policy. 34(3). pp.393-417.
Ma, Y., Lee, E.W.M. and Yuen, R.K.K., 2016. An artificial intelligence-based approach for
simulating pedestrian movement. IEEE Transactions on Intelligent Transportation Systems.
17(11). pp.3159-3170.
Pesapane, F., and et.al., 2018. Artificial intelligence as a medical device in radiology: ethical
and regulatory issues in Europe and the United States. Insights into imaging. 9(5). pp.745-753.
Popenici, S.A. and Kerr, S., 2017. Exploring the impact of artificial intelligence on teaching
and learning in higher education. Research and Practice in Technology Enhanced Learning.
12(1). p.22.
Safadi, F., Fonteneau, R. and Ernst, D., 2015. Artificial intelligence in video games: towards
a unified framework. International Journal of Computer Games Technology, 2015. p.5.
Skowron, P., Faliszewski, P. and Lang, J., 2016. Finding a collective set of items: From
proportional multirepresentation to group recommendation. Artificial Intelligence. 241. pp.191-
216.
Wani, O.M., Zeng, H. and Priimagi, A., 2017. A light-driven artificial flytrap. Nature
communications. 8. p.15546.
Weld, D.S. and Bansal, G., 2018. Intelligible artificial intelligence. ArXiv e-prints, March
2018.
Online
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Applications of Artificial intelligence. 2018. [Online]. Available through :
<https://blog.adext.com/applications-of-artificial-intelligence/>.
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