5 Practical Uses of Artificial Intelligence Explained

Think of artificial intelligence as a child learning how to talk. In its early years, it can only say a few words. But as it grows older, it gradually learns how to put those words together to form sentences and then paragraphs. In the same way, AI is slowly but surely learning how to do things that humans have been doing for centuries. And while it’s still in its infancy, there are already a few areas where AI is starting to make a real impact.

Automated Customer Service

You’ve probably already interacted with an automated customer service agent without even realizing it. These agents, commonly known as chatbots, are powered by artificial intelligence and are designed to simulate human conversation.

Chatbots are commonly used by online businesses as a way to provide 24/7 customer support. And since they never get tired, they can handle a large volume of inquiries without breaking a sweat.

Medical Diagnosis

Artificial intelligence is also starting to make its way into the medical field. There are many startups that are using AI to develop systems that can diagnose diseases – from diseases associated with memory to cancer.

These systems work by analyzing large data sets for instance, such as medical records and images. By finding patterns in this data, AI can help doctors and make their jobs easier.

Fraud Detection

Fraud detection is another area where AI is starting to make its presence felt. More and more banks and financial institutions are using AI-powered systems to detect fraudulent activity, such as unusual patterns in credit card usage.

AI is also used to detect fraud in other areas, such as insurance claims and tax returns. 

Predictive Analytics

Predictive analytics is a branch of artificial intelligence that deals with making predictions about future events. This can be anything from the weather to the stock market.

For example, predictive analytics is often used in marketing, as it can help businesses to better understand their customers and what they’re likely to buy in the future. This information can then be used to tailor marketing campaigns and improve sales.

Self-Driving Cars

One of the most hyped applications of artificial intelligence is self-driving cars. While the technology is still being perfected, there are already a number of companies working on this.

Self-driving cars use a combination of sensors and AI to navigate their way around. The sensors provide information about the car’s surroundings, while the AI interprets this data and decides what to do next.

As you can see, artificial intelligence is already beginning to make its presence felt in several different areas. From automated customer service agents to self-driving cars, AI has the potential to revolutionize many aspects of daily life. While there are still some challenges to be overcome, it’s clear that progress is being made.