AI – Artificial Intelligence is the buzzword in recent technology and technological advancements. It is the capability of machines that simulates human intelligence and imitations. Problem-solving, learning, and decision-making are common examples of AI intelligence.
AI has transformed the world we know in many ways. It has changed many industries, including finance, healthcare, education, and transportation.
In this article, I will discuss the basics of AI – Artificial Intelligence, its types, uses, and many more aspects.
What is AI – Artificial Intelligence?
AI can carry out tasks that need the human brain. AI-enabled machines can perceive their environment and take actions to maximize their chances of success.
Types of Artificial Intelligence
Four types of AI exist today, which are:
- Reactive Machines
- Limited Memory
- Theory of Mind
- Self-Aware
Applications of Artificial Intelligence
AI has many applications in various fields, including healthcare, banking, retail, and more. The capability of AI to test vast amounts of data is one of its most significant benefits. This enables businesses to make decisions based on data that could increase productivity.
AI is used in healthcare to identify diseases, create regimens, and even forecast patient results. Likewise, it is used in banking to identify deceit, test risk, and decide which investments to make.
Besides, retail AI is employed to better inventory control, customize consumer experiences, and optimize costs.
Here are some of the most exciting ways that artificial intelligence is applied to various fields:
- Healthcare
- Finance
- Education
- Transportation