Artificial intelligence

Artificial intelligence (AI) is intelligence exhibited by machines.

So think about things around us!! What do we have - a book, a lamp, a cell and others..Think of indulging technology on it. Like having controls of electrical gadgets on our cell and we can operate it from remote location...this is just a brief demo and briefly penning down AI is what bringing simplicity to appliances and smoothens one's life with technology.

Let's move to business sector. Imagine such intelligence taking various decision regarding the marketing strategies and other crucial decision so as to increase the level and output with available factors. This intelligence work with data given as input and fitting it to different models so as to justify each needs of customers and provide better suggestions for services to entrepreneurs.

AI is a technology that is transforming every walk of life. It is a wide-ranging tool that enables people to rethink how we integrate information, analyze data, and use the resulting insights to improve decision making.

Practical examples of AI
1.semi-autonomous vehicles
2.Fraud detection system
3.Project Maven, the American military AI Project
4.DARPA's Explainable Artificial Intelligence
5.Siri, Alexa and the count is on

Transformation across Industries

Generally common business problems are being solved with AI out-of-the-box so as to increase efficiency and improve decision making capabilities.

We have seen different aspects of AI and how it affects commercial sectors. The very practice of microsoft is to provide certain software which would help enterpreneur to implement AI principle and facilities directly to there application without peeping deep into coding. Dynamic 365 gives the most powerful AI application being relied on by big enterprises and even it provides AI experiences out-of-the-box with immediate time to value and also delivers out-of-the-box insights by unifying data and infusing it with advanced intelligence.

Influence of AI on different sectors

Transformation within industries

Financial Services

Financial and bank challenges are met by a financial-service- ready cloud system. It is capable of predicting customers need in better way and so as to provide them relevant services by the medium of AI-powered NBA i.e. Next Best Action (NBA) and smartly spotting fraud customers as well as transactions by different models of machine learning and Risk analytics and fraud prevention (AI).

Manufacturing

AI is empowering manufacturers to create more with their data and hence advance in fields of predictive maintenance and improve performance .

Retails

AI retailers are able to personalize their sales and could dynamically set prices as well as marketing strategies with fitting models that predict demands, stocking etc.

Health sectors

AI has highly influenced the health sector. Personalized medicine is provided by analysing genetic history, medical profile, lifestyle and other aspects. Health care Bot Services is a cloud based solution helping with deploying complaints and assisting as per requirement .

Education sector

AI has opened multiple options to connect different professional to students and has provided easily accessible tools simplifying language translation and deep analytics insights so as to provide better decision making.

Transport sector

Many automatic cars influenced by AI tools are used for delivery and other purpose.An advanced software with a huge number of cameras and sensors play a vital role in preventing accidents and also to get a particular way.

Smart Cities

A number of metropolitan areas are adopting smart city applications that use AI to improve service delivery, environmental planning, resource management, energy utilization, and crime prevention, among other things.

AI and employee

This human-AI partnership combines the strengths of both computers and humans to drive this unprecedented value across every industry. Microsoft is a technology company, but people have always been at the core of our mission.

AI is only as powerful as the data it’s built on. While most enterprises have amassed huge quantities of data, it often resides in siloed systems, like marketing and finance systems.

With Microsoft AI, enterprises can build AI experiences on top of their enterprise knowledge, either by infusing it in existing productivity and business applications or by creating new applications powered by AI, like conversational agents. For example, the next generation of conversational agents can pull from customer knowledge and world knowledge to answer questions specific to businesses like “Which customers are within 10-mile radius of the airport?” This knowledge base democratizes AI experiences and provides powerful new connections to employees.

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AI for good

It focuses on following principles.

1. Ethics
2. Empowerment
3. Innovation

Microsoft is a proven leader in AI innovation. Ethics need to focus on security, privacy, fairness, reliability, safety, transparency and accounting of systems. With considering all these factors all the companies are investing a huge fund so as to improve their strategies and get best out of which and even it seems quiet worth.