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How artificial intelligence is transforming the world?

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Artificial intelligence is in widespread demand in all industries, from healthcare to banking, especially in Q&A systems that can be used in jurisdiction, patent search and medical research. Let's take a closer look at the AI possibilities and application.

Artificial intelligence is in widespread demand in all industries, from healthcare to banking, especially in Q&A systems that can be used in jurisdiction, patent search and medical research. Let's take a closer look at the AI possibilities and application.

Artificial intelligence is in widespread demand in all industries, from healthcare to banking, especially in Q&A systems that can be used in jurisdiction, patent search and medical research. Let's take a closer look at the AI possibilities and application.

What is artificial intelligence?

Artificial intelligence is the ability of intelligent systems to perform creative functions that are traditionally considered the prerogative of man, science and technology for creating intelligent machines, especially intelligent computer programs.

AI is related to the similar goal of using computers to understand human intelligence but is not necessarily limited to biologically plausible methods.

There are many services available for us based on AI algorithms. These are voice assistants in phones that recognize speech and commands to show us the best route, search result or read the weather forecast. Pre-trained neural networks help us in everyday life.

Lets take a closer look in what industries AI is used

1.Health care

AI technologies can be used in personalized medicine and in decoding X-rays. Personal healthcare assistants can remind patients to take medication, exercise, or switch to a healthier diet.

2.Retail

AI helps make online purchases with personalized recommendations and enables sellers to discuss purchases with customers. In addition, AI technologies can optimize inventory management and product placement.

3.Manufacturing

AI can analyze production site IoT data from connected equipment and predict utilization and demand using recurrent networks, a special kind of deep learning networks used to work with sequential data.

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4.Sport

A combination of sensor technology and AI helps coaches improve players' technique. Coaches receive reports with camera footage and sensor readings on how to better organize the game and strategies, including how to optimize player placement and strategy.

5.Customer support

AI chat bots can communicate with customers. Chatbots use linguistic processing to analyze customer questions and provide answers. Chatbots can learn and bring great benefits over time. Most often, in such bots are based on technology TensorFlow, an open source machine learning system from Google. You can even build such a bot yourself using the program.

6.Big data

AI helps to monitor data center. One cloud platform can contain all data about network, database performance, quality of service, it automatically monitors thresholds and detects anomalies, helps IT workers to save time and effort.

7.Analytics

AI intelligence is extremely useful in analytics of financial indicators and all kinds of statistics. With the help of special algorithms, it is possible to compose a business analysis without the help of an expert. Such analytic tools deliver meaningful business results.

There are many options for implementing AI, and they can all be divided into two groups - solving narrow problems and full-fledged general-purpose artificial intelligence.

What do you think about the possibilities of artificial intelligence? Do you apply them in your business? Share your opinion in the comments below! If you wanna learn more or know more you can contact my team or you can jump into a one-on-one call with me right now clicking one of the the below buttons.

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Alessandro Rocco Pietrocola is an entrepreneur, fintecher, investor, blogger and author based in London and operating mainly in Europe, Asia and Oceania with main focus on UK, Baltic Countries, Russia, China, Hong Kong, Malaysia, Singapore, UAE, Middle East and New Zealand as area of interest! At the moment is the CEO of Astorts Group. He is an UK FCA (Financial Conduct Authority) and NZ FSPR (Financial Service Provider Register) Approved Person and has great experience as director of regulated companies.
He uses to dedicate part of his life to inspire others and help them achieve the most out of their lives. Since he was 20, he had successfully founded and managed several companies operating in the field of management consulting, wealth management and fintech. He is Member of Institute of Directors in London, Member of Changer Club in Riga, Member of Fintech Association of Hong Kong, Member of Singapore Fintech Association, Member of Non Executive Director Association in London and Member of Alumni Network of Draper University in San Francisco. He loves travelling, he is a cigars lover, an amateur golfer and a dapper man.
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