Artificial Intelligence is on the rise with the widespread integration that is being seen across a multitude of sectors. More and more industries are realizing that this is something that not only improves operations but also helps deliver better results. Industries are seeing the incorporation of Artificial Intelligence in almost every aspect of their work, with newer technology being constantly introduced on a regular basis.
With our technology moving in this direction, it becomes important to understand the intricacies of Artificial Intelligence and the manner in which it works. Artificial Intelligence is the technology that simulates human behavior to be able to solve a varied range of problems and to be able to perform a multitude of tasks. The technology used in this uses a combination of learning, analyzing, planning, reasoning, recognizing and other forms of cognitive science to be able to mimic human behavior and perform certain actions just as a human would.
A Brief History Of Artificial Intelligence
For centuries, people have always been fascinated with the concept of inanimate things coming to life and possessing the cognitive capability of humans. While this was a fantasy for a long period of time, it is now the reality that we are living in. Artificial Intelligence was first introduced as a field in 1956. At this point, there were a few individuals who tried to research into artificial intelligence, and more were looking into ways in which the field could be developed. The enthusiasm that researchers had for the field was however met with constant disappointment owing to lack of developments in the field. After a number of setbacks, Government funding for artificial intelligence was also withdrawn, leaving very little room for further research. However, researchers and scientists persevered and once gain managed to regain their funding for artificial intelligence in the 1980s.
The first time artificial intelligence managed to gain a considerable amount of momentum was when IBM’s Deep Blue was crowned the winner of a chess match against Russian grandmaster Garry Kasparov. There were several more incredible feats that this new technology was able to accomplish, which then got the masses interested in the concept of Artificial Intelligence and the possibilities that could be achieved as a result of it.
The Levels Of AI
Artificial Intelligence operates on three levels depending on the cognitive capabilities of the machine as well as the level of operation that is being performed. The levels of artificial intelligence are as follows:
1. Artificial Narrow Intelligence
Artificial Narrow Intelligence is deemed to be the ‘dumbest’ form of artificial intelligence. It is also the level that we are operating at. Even though Artificial Narrow Intelligence is what is currently being implemented on a wider scale, the industry is experiencing an incredible amount of growth, which means that the next phase of artificial intelligence will be here faster than we know it.
2. Artificial General Intelligence
Artificial General Intelligence is the term that is used to denote technology or a computer that is able to perform every task that a human would be able to at the same pace as a human would as well. Almost any intellectual task could be adequately performed by Artificial General Intelligence.
3. Artificial Super intelligence
We are far from reaching Artificial Super intelligence, but it is something that scientists believe to be one day achievable. Artificial Super intelligence is denoted by the ability for a computer to perform not only the intellectual and cognitive tasks of a human but also the social tasks that a human would be able to perform. In this, the computer would also possess an intellect that is much greater than that of a human being.
Types Of Artificial Intelligence
With the growing prominence of Artificial Intelligence across a multitude of fields, it became important to categorize the technology based on the different types of tools that were being used and the intelligence levels that were being showcased. As it stands, there are four main types of Artificial Intelligence:
1. Reactive Machines
Reactive machines are one of the most basic types of Artificial Intelligence that are currently being implemented. This technology is designed in a way that lets it perform a certain task based on the reaction that it experiences and also the commands that it is given. It can also only react to a certain set of situations, and nothing beyond.
2. Limited Memory
Limited Memory Artificial Intelligence is the form through which a certain action is performed based on the previous learning models that have been implemented. Information, in this kind of technology, is gained through a variety of mediums and is something that is gained from a large pool of resources, which is then implemented in a practical form.
3. Theory Of Mind
The Theory of Mind for Artificial Intelligence in the form of technology during which a computer will be able to make all of the cognitive decisions that a human would, without any kind of human intervention. This means that a machine would be able to develop a mind of its own and perform tasks just as a human would.
4. Self Awareness
Self Aware Artificial Intelligence is the level at which a computer will be able to think for themselves at a level that is on par with humans in every way. There is also a possibility that Artificial Intelligence in this manner will be able to reach a much higher cognitive level that humans currently possess.
5 Benefits Of Artificial Intelligence
Artificial Intelligence is without a doubt improving the way we work and is improving the way in which we work and is improving the manner in which we are able to process large amounts of data. Here are some of the reasons why Artificial Intelligence is incredibly beneficial across sectors:
1. Better Insights
One of the bigger reasons why artificial intelligence is being implemented across industries is because of the insights that it can provide us with. Data is incredibly important for the improvement of operations and is becoming an incredibly valuable resource. Artificial intelligence is able to process a large amount of data and give us insights that help in further developments, which can be incredibly beneficial.
2. Fraud Protection
Artificial Intelligence is generally embedded with some of the best security protocols to ensure that the information that they process is not misused or hacked in any manner. Artificial Intelligence has proven to be incredibly useful when it comes to fraud detection and helps keep out cyber attacks on a larger scale than regular antivirus that corporations where previously using.
3. Better Information Processing
One of the key aspects of Artificial Intelligence is the ability to process massive amounts of data with absolute ease, which is something that has proven to be incredibly beneficial. In the past, humans who had to process this data would take a significantly longer period of time, just to come to the same conclusion that the AI would, which can now be streamlined owing to new technology.
4. Big Data Analysis
While collecting large volumes of data can be beneficial, it is important to properly analyze this data to provide us with results that can help us in numerous ways. Artificial Intelligence is now helping industries, companies and even governments come up with solutions that are based on empirical data
5. Better Automation
Automation is the future of industrial work, and Artificial Intelligence plays a large role in the automation that is experienced. Improvement of technology has always been one of the core fundamentals of better production and operation, and automation is a positive step towards a better future in that regard. Artificial Intelligence is being incorporated in a way that let machines perform certain tasks without any kind of manual operation, thereby improving certain processes that humans would otherwise have to perform at a much slower rate.
Statistics About Artificial Intelligence
The theory of Artificial Intelligence and automation is not the only thing this technology has going for it. There are plenty of statistics to showcase the growth of Artificial Intelligence and the positive impact that it has had on our industries and countries.
- 15% of enterprises are already using Artificial Intelligence to improve the work that they do.
- 28% global enterprises want to implement Artificial Intelligence for marketing purposes and to have an edge over their competitors
- 26% respondents of a survey stated that Artificial Intelligence was the next trend that they were looking forward to in the consumer industry.
- 47% of digital organizations worldwide have some implementation of Artificial Intelligence in the work that they do.
- 72% of global business leaders deem Artificial Intelligence to be the factor that gives certain companies an edge over others.
- 61% of business leaders who have incorporated an innovative business strategy have used some form of automation to identify business opportunities.
- 77% of consumers are using a device that is powered by Artificial Intelligence.
- 61% of six thousand people believe that Artificial Intelligence will make the world a better place.
- 40% increase of job prospects to be experienced within the labor sectors owing to the incorporation of Artificial Intelligence.
- 50% respondents of a survey saw Artificial Intelligence for marketing purposes to be incredibly beneficial.