Intro of AI Applicaions in Various Domains
Intro of AI Applicaions in Various Domains
in various Domains
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Introduction of AI Applications
in various Domains
You must be aware of how AI is revolutionizing the way we live and get things done. It
learns, reasons and does self-correction. Since it has become a master with its applications,
we, in this article will understand that how it is advancing dramatically.
Starting with the identifying pattern, it has made data more efficient. In today’s time, to gain
more insight out of the data, businesses have changed a lot in the course of time.
Humongous data is getting analyzed to map poverty and climate change. The automation in
agricultural practices and irrigation is happening at a fast pace. How can I forget the
healthcare sector and predictions of consumption patterns, streamline energy-usage and
waste-management?
It all started with knowledge reasoning:
•Planning
•Machine Learning
•Natural Language Processing
•Computer Vision
•Robotics
•Artificial General Intelligence
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Introduction of AI Applications in
various Domains
Following the reasoning process, humans were able to land themselves into
something artificial. This intelligence is the simulation of human intelligence
processes which is done by machines, especially computer systems. These
processes include learning, reasoning, and self-correction. Its applications
consist of expert systems, speech recognition, and machine vision. Artificial
Intelligence is advancing dramatically. It is already transforming our world
socially, economically and politically.
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Artificial Intelligence in
Healthcare
This is the most important thing that humans need in today’s generation. Health is wealth,
and the rate at which humans are compromising on it is really shocking.
With AI, natural language is a boon. It helps to respond to the questions that are asked for.
It enables workflow assistants which help the doctors to free up their schedules and also
reduce the time and cost by streamlining processes. They also open new avenues for the
industry. With that, AI-powered technology helps pathologists in analyzing samples of
tissue and help the diagnosis to be more accurate.
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Artificial Intelligence in
Healthcare(contd.)
Diagnosis and treatment applications :
Diagnosis and treatment of disease has been a focus of AI since at least the 1970s, when
MYCIN was developed at Stanford for diagnosing blood-borne bacterial infections. This and
other early rule-based systems showed promise for accurately diagnosing and treating
disease, but were not adopted for clinical practice. They were not substantially better than
human diagnosticians, and they were poorly integrated with clinician workflows and
medical record systems.
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Artificial Intelligence in
Healthcare(contd.)
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Artificial Intelligence in
Healthcare(contd.)
More recently, IBM's Watson has received considerable attention in the media for
its focus on precision medicine, particularly cancer diagnosis and treatment.
Watson employs a combination of machine learning and NLP capabilities.
However, early enthusiasm for this application of the technology has faded as
customers realized the difficulty of teaching Watson how to address particular
types of cancer and of integrating Watson into care processes and systems.
Watson is not a single product but a set of ‘cognitive services’ provided through
application programming interfaces (APIs), including speech and language, vision,
and machine learning-based data-analysis programs. Most observers feel that the
Watson APIs are technically capable, but taking on cancer treatment was an
overly ambitious objective. Watson and other proprietary programs have also
suffered from competition with free ‘open source’ programs provided by some
vendors, such as Google's TensorFlow.
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Artificial Intelligence in Healthcare(contd.)
Implementation issues with AI bedevil many healthcare organizations. Although rule-
based systems incorporated within EHR systems are widely used, including at the
NHS, they lack the precision of more algorithmic systems based on machine learning.
These rule-based clinical decision support systems are difficult to maintain as medical
knowledge changes and are often not able to handle the explosion of data and knowledge
based on genomic, proteomic, metabolic and other ‘omic-based’ approaches to care.
This situation is beginning to change, but it is mostly present in research labs and in tech
firms, rather than in clinical practice. Scarcely a week goes by without a research lab claiming
that it has developed an approach to using AI or big data to diagnose and treat a disease with
equal or greater accuracy than human clinicians. Many of these findings are based on
radiological image analysis, though some involve other types of images such as retinal
scanning or genomic-based precision medicine. Since these types of findings are based on
statistically-based machine learning models, they are ushering in an era of evidence- and
probability-based medicine, which is generally regarded as positive but brings with it many
challenges in medical ethics and patient/clinician relationships.
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Artificial Intelligence in Healthcare(contd.)
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Artificial Intelligence in Healthcare(contd.)
There are also several firms that focus specifically on diagnosis and treatment
recommendations for certain cancers based on their genetic profiles. Since many
cancers have a genetic basis, human clinicians have found it increasingly complex to
understand all genetic variants of cancer and their response to new drugs and protocols.
Firms like Foundation Medicine and Flatiron Health, both now owned by Roche,
specialise in this approach.
Both providers and payers for care are also using ‘population health’ machine learning
models to predict populations at risk of particular diseases or accidents or to predict
hospital readmission. These models can be effective at prediction, although they sometimes
lack all the relevant data that might add predictive capability, such as patient socio-
economic status.
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Artificial Intelligence in Healthcare(contd.)
Data Management:
Artificial Intelligence is benefiting healthcare organizations by implementing cognitive
technology to unwind a huge amount of medical records and perform power diagnosis.
Take, for example, Nuance the prediction service provider firm that uses Artificial
Intelligence and Machine Learning to prescient the intent of users.
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Artificial Intelligence in Healthcare(contd.)
Artificial Intelligence has played a key role in the early prediction of medical conditions such
as heart attacks. Many AI-based wearable health trackers have been developed to monitor
the health of a person and display warnings when the device collects something unusual or
unlikely. Examples of such wearable's include Fitbit, Apple watch, and many others.
‘Precaution is always better than cure’, this is the motto behind the latest release of the
Apple watch.
•Apple used Artificial Intelligence to build a watch that monitors an individual’s health.
•This watch collects data such as a person’s heart rate, sleep cycle, breathing rate, activity
level, blood pressure, etc. and keeps a record of these measures 24/7.
•This collected data is then processed and analyzed by using Machine Learning and Deep
learning algorithms to build a model that predicts the risk of a heart attack.
Thanks to the Apple watch, an individual named Scott Killian saved his life.
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Artificial Intelligence in Healthcare(contd.)
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Artificial Intelligence in Medicine
1. Diagnose diseases
Correctly diagnosing diseases takes years of medical training. Even then, diagnostics is often
an arduous, time-consuming process. In many fields, the demand for experts far exceeds the
available supply. This puts doctors under strain and often delays life-saving patient
diagnostics.
Machine Learning is particularly helpful in areas where the diagnostic information a doctor
examines is already digitized.
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Artificial Intelligence in Medicine(contd.)
Such as:
•Detecting lung cancer or strokes based
on CT scans
•Assessing the risk of sudden cardiac
death or other heart diseases based
on electrocardiograms and cardiac MRI
images
•Classifying skin lesions in skin images
•Finding indicators of diabetic
retinopathy in eye images
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Artificial Intelligence in Medicine(contd.)
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Artificial Intelligence in Medicine(contd.)
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Artificial Intelligence in Medicine(contd.)
AI has already been used successfully in all of the 4 main stages in drug development:
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Artificial Intelligence in Medicine(contd.)
3. Personalize treatment
Machine Learning can automate this complicated statistical work – and help discover which
characteristics indicate that a patient will have a particular response to a particular
treatment. So the algorithm can predict a patient’s probable response to a particular
treatment.
The system learns this by cross-referencing similar patients and comparing their treatments
and outcomes. The resulting outcome predictions make it much easier for doctors to design
the right treatment plan
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Artificial Intelligence in Medicine(contd.)
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Artificial Intelligence in Medicine(contd.)
4. Improve gene
editing(contd.)
Machine Learning models have been proven to produce the best results when it comes
to predicting the degree of both guide-target interactions and off-target effects for a given
sgRNA. This can significantly speed up the development of guide RNA for every region of
human DNA.
Summary
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Artificial Intelligence in Engineering
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Artificial Intelligence in Engineering(contd.)
Just like with many other industries, artificial intelligence and machine learning
are changing engineering. Even though these technologies are now seemingly
"everywhere," we shouldn't overlook how truly incredible they are and the
remarkable things they enable us to do today and will allow us to do tomorrow.
For engineers, artificial intelligence and machine learning might cause the tasks
they do to evolve, but it can also help them do things they weren't capable of
before.
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Artificial Intelligence in Engineering(contd.)
Artificial intelligence that’s used in the engineering sector uses software and hardware
components. As machines become more sophisticated, they will be able to support not
only smart production lines and complex manufacturing tasks, but will also be able to
design and improve tasks over time—with little or no human intervention—through
machine learning. Robots have been used by automobile manufacturers on the
production line for quite some time and have gone from completing simple engineering
tasks to now handling many precision moves required for some of the most intricate
parts of the process.
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Artificial Intelligence in Engineering(contd.)
Many of the tasks engineers are responsible for, such as design and simulation, can be
enhanced with the support of artificial intelligence tools. Consider how Computer Aided
Design (CAD) was once just a supplemental tool to engineering, and today it is a
fundamental part of the daily workflow. These tools will help improve the capabilities of
engineers and make it possible to explore design and weight-saving options that weren't
ever possible before.
Another way artificial intelligence can support engineering tasks is to break down silos
between departments and help to effectively manage data to glean insights from it. AI
programs can provide automation for low-value tasks freeing up engineers to perform
higher-value tasks. By using machine learning to discover patterns in the data, machines
will be incredibly important to help with engineering judgment.
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Artificial Intelligence in Financial Services
If there's one technology that's paying dividends, it's AI in finance. Artificial intelligence
has given the world of banking and the financial industry as a whole a way to meet the
demands of customers who want smarter, more convenient, safer ways to access, spend,
save and invest their money.
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Artificial Intelligence in Financial Services
CREDIT DECISIONS
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Artificial Intelligence in Financial Services(contd.)
Credit is king. A recent study found 77% of consumers preferred paying with a debit or credit
card compared to only 12% who favored cash. But easier payment options isn't the only
reason the availability of credit is important to consumers.
Having good credit aids in receiving favorable financing options, landing jobs and renting an
apartment, to name a few examples. With so many of life's important necessities hinging
on credit history, the approval process for loans and cards is more important than ever.
Artificial intelligence solutions are helping banks and credit lenders make smarter
underwriting decisions by utilizing a variety of factors that more accurately assess
traditionally underserved borrowers, like millennials, in the credit decision making process.
Here are a few examples of companies helping the financial industry rethink the
underwriting process.
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Artificial Intelligence in Financial Services(contd.)
ZESTFINANCE
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Artificial Intelligence in Financial Services(contd.)
UNDERWRITE.AI
Location: Boston
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Artificial Intelligence in Financial Services(contd.)
MANAGING RISK
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Artificial Intelligence in Financial Services(contd.)
Time is money in the finance world, but risk can be deadly if not given the proper
attention. Accurate forecasts predictions are crucial to both the speed and protection of
of many businesses.
Financial markets are turning more and more to machine learning, a subset of artificial
intelligence, to create more exacting, nimble models. These predictions help financial
experts utilize existing data to pinpoint trends, identify risks, conserve manpower and
ensure better information for future planning.
The following companies are just a few examples of how AI is helping financial and
banking institutions improve predictions and manage risk.
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Artificial Intelligence in Financial Services(contd.)
KENSHO
Location: Cambridge, Mass.
How it's using AI in finance: Kensho provides Industry impact: Traders with access to
machine intelligence and data analytics to Kensho's AI-powered database in the
leading financial institutions like J.P. Morgan, days following Brexit used the
Bank of America, Morgan Stanley and S&P information to quickly predict an
Global. extended drop in the British
pound, according to a 2017 Forbes
Kensho’s software offers analytical solutions article. In March 2018, S&P Global
using a combination of cloud computing and announced a deal to acquire Kensho for
natural language processing (NLP). The roughly $550 million.
company's systems can provide answers to
complex financial questions in plain English.
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Artificial Intelligence in Financial Services(contd.)
AYASDI
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Artificial Intelligence in Financial Services(contd.)
QUANTITATIVE TRADING
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Artificial Intelligence in Financial Services(contd.)
Quantitative trading is the process of using large data sets to identify patterns that can
be used to make strategic trades. Artificial intelligence is especially useful in this type of
trading.
AI-powered computers can analyze large, complex data sets faster and more efficiently
than humans. The resulting algorithmic trading processes automate trades and
save valuable time.
The following companies are just a few examples of how AI-infused technology is
helping financial institutions make better trades.
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Artificial Intelligence in Financial Services(contd.)
ALPHASENSE
Location: NYC
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Artificial Intelligence in Financial Services(contd.)
ALPACA
Location: San Mateo, Calif. (U.S. office)
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Artificial Intelligence in Financial Services(contd.)
PERSONALIZED BANKING
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Artificial Intelligence in Financial Services(contd.)
A study by Accenture of some 33,000 banking customers found 54% want tools to help
them monitor their budget and make real-time spending adjustments. Additionally, 41%
are "very willing" to use computer-generated banking advice.
Here are a few examples of companies using AI to learn from customers and create a
better banking experience.
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Artificial Intelligence in Financial Services(contd.)
KASISTO
Location: NYC
How it's using AI in finance: Kasisto is the creator
of KAI, a conversational AI platform used to
improve customer experiences in the finance
industry.
KAI helps banks reduce call center volume by
providing customers with self-service options and
solutions. Additionally, the AI-powered chatbots
also give users calculated recommendations and
help with other daily financial decisions.
Industry impact: TD Bank Group announced plans
to integrate Kasisto's technology into their mobile
app, providing customers with real-time support
and spending insights.
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Artificial Intelligence in Financial Services(contd.)
ABE AI
Location: Orlando, Fla.
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Artificial Intelligence in Financial Services(contd.)
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Artificial Intelligence in Financial Services(contd.)
Every day, huge quantities of digital transactions take place as users move money, pay
bills, deposit checks, trade stocks and more via online accounts and smart phone
applications.
The need to ramp up cybersecurity and fraud detection efforts is now a necessity for any
bank or financial institution, and artificial intelligence is playing a key role in improving the
security of online finance.
Here are a few examples of companies providing AI-based cybersecurity solutions for
major financial institutions.
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Artificial Intelligence in Financial Services(contd.)
SHAPE SECURITY
Location: Mountain View, Calif.
How it's using AI in finance: Utilized by top banks in the U.S., Shape Security curbs credit
application fraud, credential stuffing, scraping and gift card cracking by pinpointing fake
users.
The company's machine learning models are trained on billions of requests, allowing the
software to effectively distinguish between real consumers and bots. Shape Security's
Blackfish network also uses AI-enabled bots to detect compromised login credentials,
alerting both customers and companies to security breaches instantly.
Industry impact: Shape's solutions have helped one major bank protect customers from
account hijacking and detected one million credential stuffing attacks in the first week of use,
according to information provided on the company's website.
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Artificial Intelligence in Financial Services(contd.)
VECTRA
Location: San Jose, Calif.
How it's using AI in finance: Vectra is the company behind Cognito, an AI-powered cyber-
threat detection and hunting solution.
Vectra's platform automates threat detection, reveals hidden attackers specifically
targeting financial institutions, accelerates investigations after incidents, and even
identifies compromised information.
Industry impact: A Vectra case study provides an overview of its work to help a prominent
securities exchange prevent malware attacks. Cognito immediately identified a
misconfiguration in the exchange's authentication systems that would have otherwise
gone unnoticed.
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Artificial Intelligence in Marketing
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Artificial Intelligence in Marketing
One reason why we’re all obsessed with Netflix and chill is because, Netflix provides
highly accurate predictive technology based on customer’s reactions to films. It examines
millions of records to suggest shows and films that you might like based on your previous
actions and choices of films. As the data set grows, this technology is getting smarter and
smarter every day.
With the growing advancement in AI, in the near future, it may be possible for consumers
on the web to buy products by snapping a photo of it. Companies like CamFind and their
competitors are experimenting this already.
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Artificial Intelligence in Agriculture
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Artificial Intelligence in Agriculture
Here’s an alarming fact, the world will need to produce 50 percent more food by 2050
because we’re literally eating up everything! The only way this can be possible is if we use
our resources more carefully. With that being said, AI can help farmers get more from the
land while using resources more sustainably.
Issues such as climate change, population growth, and food security concerns have pushed
the industry into seeking more innovative approaches to improve crop yield.
Organizations are using automation and robotics to help farmers find more efficient ways
to protect their crops from weeds.
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Artificial Intelligence in Agriculture
Blue River Technology has developed a robot called See & Spray which uses computer
vision technologies like object detection to monitor and precisely spray weedicide on
cotton plants. Precision spraying can help prevent herbicide resistance.
Apart from this, Berlin-based agricultural tech start-up called PEAT, has developed an
application called Plantix that identifies potential defects and nutrient deficiencies in
the soil through images.
The image recognition app identifies possible defects through images captured by the
user’s smartphone camera. Users are then provided with soil restoration techniques, tips,
and other possible solutions. The company claims that its software can achieve pattern
detection with an estimated accuracy of up to 95%.
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Artificial Intelligence in Gaming
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Artificial Intelligence in Gaming
Over the past few years, Artificial Intelligence has become an integral part of the gaming
industry. In fact, one of the biggest accomplishments of AI is in the gaming industry.
DeepMind’s AI-based AlphaGo software, which is famous for defeating Lee Sedol, the
world champion in the game of GO, is one of the most significant accomplishment in the
field of AI.
Other examples of Artificial Intelligence in gaming include the First Encounter Assault
Recon, popularly known as F.E.A.R, which is a first-person shooter video game.
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Artificial Intelligence in Space Exploration
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Artificial Intelligence in Space Exploration
Space expeditions and discoveries always require analyzing vast amounts of data.
Artificial Intelligence and Machine learning is the best way to handle and process data
on this scale. After rigorous research, astronomers used Artificial Intelligence to sift
through years of data obtained by the Kepler telescope in order to identify a distant
eight-planet solar system.
Artificial Intelligence is also being used for NASA’s next rover mission to Mars, the Mars
2020 Rover. The AEGIS, which is an AI-based Mars rover is already on the red planet.
The rover is responsible for autonomous targeting of cameras in order to perform
investigations on Mars.
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Artificial Intelligence in Autonomous Vehicles
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Artificial Intelligence in Autonomous Vehicles
For the longest time, self-driving cars have been a buzzword in the AI industry. The
development of autonomous vehicles will definitely revolutionaries the transport
system.
Companies like Waymo conducted several test drives in Phoenix before deploying their
first AI-based public ride-hailing service. The AI system collects data from the vehicles
radar, cameras, GPS, and cloud services to produce control signals that operate the
vehicle.
Advanced Deep Learning algorithms can accurately predict what objects in the vehicle’s
vicinity are likely to do. This makes Waymo cars more effective and safer.
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Artificial Intelligence in Autonomous Vehicles
Elon Musk talks a ton about how AI is implemented in tesla’s self-driving cars and
autopilot features. He quoted that,
“Tesla will have fully self-driving cars ready by the end of the year
and a “robotaxi” version – one that can ferry passengers without
anyone behind the wheel – ready for the streets next year”.
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