The advent of AI techniques has revolutionized the entire business space. The incredible advantages of Artificial Intelligence have plunged into our lives today. Right from voice-enabled personal assistants such as Siri and Alexa, to fundamental technologies such as behavioral algorithms, recommendations, searches and autonomously-powered self-driving vehicles, there are several examples and applications of artificial intelligence in use today.
The worldwide market revenue for Artificial Intelligence is forecast to increase from around five billion U.S. dollars in 2015 to a little over 125 billion in 2025.
Advanced AI techniques are changing the way businesses work now. Artificial Intelligence helps businesses to make better decisions by predicting the user behaviour based on customer patterns. This data is used to drive meaningful insights to make important strategic business moves to gain profits.
By 2020, AI Technologies will be in almost every new software product, says Gartner.
While big companies such as Apple, Facebook and Tesla are bringing revolutionary changes in the way we interact with Artificial Intelligence and Machine Learning, many of us still have no idea of the latest Artificial Intelligence examples and applications being used today.
Artificial Intelligence benefits are being leveraged by almost all major industry verticals. Today. As the technology becomes smarter and faster, more important examples of AI can be expected trending in the market space.
The so called AI applications existing today are today’s so-called A.I. systems are merely advanced machine learning software that run on behavioral algorithms to predict customer preferences.
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Here, in this blog, I have discussed the major Applications of Artificial Intelligence. Let’s read further to know about the most popular and latest Artificial Intelligence examples being used today.
Apple’s personal assistant, Siri is very popular among people today. It is, perhaps, one of the top AI applications being used today. Apple’s Siri is the world’s most popular intelligent assistant. It is a virtual assistant that is a part of Apple’s iPadOS, watchOS, macOS, and tvOS operating systems.
Driven by Artificial Intelligence, Apple’s Siri uses voice queries and a natural-language user interface to answer questions, make recommendations, and perform actions by analyzing voice commands. It can perform multiple functions such as find information, give directions, add events to calendars, send messages and so on.
Siri is an intelligent digital personal assistant that uses machine-learning technology to get smarter and better for being able to predict and understand our questions and requests.
Let’s have a look at one of these major applications of Artificial Intelligence. Amazon’s Alexa is the next top AI application in the list. Amazon’s Alexa is a virtual assistant driven by Artificial Intelligence. Alexa is capable of doing a number of things such as voice interaction, music playback, making to-do lists, setting alarms, streaming podcasts, playing audiobooks, and providing weather, traffic, sports, and other real-time information such as predicting weather conditions.
AI-powered Alexa can also control several smart devices by using itself as a home automation system. Its ability to decipher speech from anywhere in the room has made it a popular product that has revolutionized the market space. You can shop, schedule appointments, set alarms and do a million other things using Amazon’s Alexa. Undoubtedly, it is one of the latest Artificial Intelligence examples dominating the business space now. You can hire an AI developer to incorporate incredible AI benefits such as these in your business projects.
Netflix is one of the top AI applications that uses AI techniques to predict customer likings and render an improved customer experience by offering suggestions tailored to your preferences. Netflix uses AI algorithms to analyze customer data so as to make accurate predictions.
At the end of 2019, Netflix subscribers numbered 167.1 million. Of these, 61 million accounts were registered in the US, with the remaining 106.1 million (63%) spread over the rest of the globe.
It is one of the major Applications of Artificial Intelligence that analyzes billions of records to suggest films that you might like based on your previous reactions and choices of films. With more advancements being made in the technology, Netflix is becoming smarter and smarter.
Pandora’s A.I. is possibly one of the most revolutionary technologies prevailing in the market now. It’s often called musical DNA. Pandora analyzes a database of music that contains certain attributes. Based on these musical characteristics, each song is manually analyzed by a team of professional musicians and later recommended.
A bot can annotate music only to a certain extent based on the data. Along With this data, a team of musicians fine-tune the recommendation engine using Artificial Intelligence. It wouldn’t be wrong to say that AI-driven Pandora is one of the latest Artificial Intelligence examples.
[ Good Read: What Is Artificial Intelligence? ]
Nest, the learning thermostat that was acquired by Google in January of 2014 for $3.2 billion is one of the top AI applications being used in today. The Nest learning thermostat, which can now be voice-controlled by Alexa, uses behavioral AI algorithms to learn from the heating and cooling needs of your environment. Based on this information, Nest anticipates and adjusts the temperature in your home or office.
Nest is looking to improve the artificial intelligence (AI) and use of machine learning for its products, as indicated by the recent appointment of Yoky Matsuoka as the Company’s Chief Technology Officer.
Moreover, Nest Cam Outdoor security camera uses a feature called “Nest Aware” to provide advanced scene recognition. Artificial intelligence and facial recognition technology allows the camera to realize whether the creature wandering around the property is a deer or a human and to make other required notifications. No wonder, Nest is one of the most important examples of AI. All thanks to the incredible benefits of Artificial Intelligence.
By now, I am sure, you’ve got a clear idea of the major applications of Artificial Intelligence being used in the real world today. AI applications are slowly transforming the entire world. Seeing the incredibly growing hype around, it wouldn’t be wrong to say that AI is here to stay and rule the business world.
The AI recommendation system that Netflix uses, for example, saves the company about $1 billion each year. Additionally 75% of what users watch on Netflix come from those recommendations, says Netflix.