3 Fascinating Examples of Artificial Intelligence Changing the World
Artificial intelligence (AI) has the power to transform the world as we know it. It has quickly become a catalyst for change in various industries, benefiting businesses and individuals alike. In this article, we will explore three fascinating examples of how AI is changing the world today.
The Medical Industry
AI in the medical industry has a multitude of applications, from diagnostic accuracy to drug discovery. One of the most exciting AI applications in medicine is the detection of cancer. Google’s DeepMind, for example, has created a neural network that can recognize early signs of cancer in medical scans with an accuracy of 94%. This development can go a long way in improving patient outcomes through more effective detection and treatment.
Another example of AI in medicine is IBM’s Watson for Genomics, which analyzes the genetic makeup of cancer patients and suggests personalized treatment protocols. By identifying specific gene mutations and offering treatment options based on them, Watson for Genomics has the potential to provide a more accurate and efficient treatment plan for cancer patients.
The Financial Industry
AI is also revolutionizing the financial industry, from fraud detection to portfolio management. One example is JP Morgan’s Contract Intelligence (COiN), which uses machine learning to review legal documents and extract critical data points. COiN can save around 360,000 work hours in a year, improving efficiency and reducing costs.
Another application is chatbots, which are gaining popularity in the finance industry for customer service purposes. Bank of America’s chatbot, Erica, for instance, can help customers with financial planning advice, answer general banking questions, and carry out simple transactions. This innovation has saved the bank both time and money, while also improving customer engagement and satisfaction.
The Entertainment Industry
The entertainment industry has also started embracing AI, offering personalized recommendations, and new forms of content creation. Netflix, for instance, uses machine learning algorithms to provide subscribers with personalized recommendations based on their viewing history, improving user experience and retention rates.
AI has also been used in content creation, such as Jukin Media’s use of AI to create short, attention-grabbing clips for social media. Similarly, Watson Beat AI, a music composing AI developed by IBM, can analyze and generate unique music pieces. These applications have the potential to change the nature of the entertainment industry, from content supply to audience engagement.
Conclusion
Artificial intelligence can have an immense impact on the world as we know it. This article has discussed three examples of AI’s impact on different industries- healthcare, finance, and entertainment. Although AI is still an emerging technology, the potential for innovation and disruption is unparalleled. It is an exciting time for AI enthusiasts and practitioners, and we can’t help but wonder about the endless possibilities AI has to offer!
