Interesting Uses for AI

For many people, the concept of AI is a little daunting. There are many people in the workforce who are concerned that AI may eliminate their jobs, forcing them to have to retrain and leave their current career path. While AI is being used for a number of roles typically fulfilled by humans, there are also some interesting uses for AI that show the potential of this innovative technology. 

Fraud Prevention:

Credit card fraud is a significant problem for e-commerce companies. However AI can help to reduce the incidence of credit card fraud by analyzing usage patterns. AI can also help to identify and deal with fake or fraudulent reviews that could compromise the sales performance of the company.

Improving Financial Services:

According to a Business Insider report, 80% of banks have recognized the benefits of AI in the industry. Regardless of the niche, from personal finance to corporate banking, AI can help to improve the range of financial services. For example, customers can receive help via AI powered SMS text messaging or online chat to learn about the available wealth management solutions. AI could also be used to better assess and predict loan risks. AI can also detect potential red flags such as changes in transaction patterns that could indicate fraud, saving both individuals and businesses significant loss. 

Filtering Spam:

Many of us have become accustomed to receiving lots of email whenever we sign up to a service or mailing list. However, often if you check your spam folder, you can find emails that were actually important and you needed to see in your inbox. AI is becoming far more sophisticated at filtering out spam emails and directing them immediately to the spam or trash folder, so you only see the filter content. According to Google, this email provider has reached a filtration capacity of 99.9% 

Robotics:

AI is commonly used in combination with robotics to create units that can carry goods, manage inventory or clean offices and large equipment. Robots that are powered by AI can use real time updates to pre plan journeys and sense any obstacles in their immediate path. This can reduce the workload of humans, as they can perform heavy duty work that would put a human at risk of injury in the long term.

Improving Agricultural Yields:

AI can be used to identify any nutrient deficiencies or defects in the soil. This process involves using robotics, computer vision and machine learning apps, allowing the AI to analyze where weeds are growing and harvest crops at higher volumes and faster paces compared to human labor.

Chatbots:

There is nothing more frustrating than waiting to speak to someone about an annoying customer service issue or query. However, AI chatbots can respond to people online using a “live chat” feature. AI chatbots are highly effective as they can comprehend natural language and with machine learning, they can provide an effective option for a vast array of apps and websites. Over time, AI chatbots can build a database of answers along with sourcing answers from a series of integrated answers to effectively resolve customer issues, improving customer service and offering 24/7 support. 

Traffic Management:

Urban transportation across the globe is hindered by clogged streets and traffic management issues, but AI advancements provide a promise of future change. AI powered traffic management systems could be used to promote road safety and enforce traffic regulations. The AI can use predictive analysis and real time visual search to track the road networks and take measures to reduce congestion. 

Efficient Route Planning:

This follows on from the previous point, but AI route planning can also be used for efficient route planning. AI can use predictive analysis of real world parameters to generate the optimum route. This can be used by individuals or logistics industries to construct an efficient supply network, reducing delivery costs, improving delivery times and better managing operations. 

Astronomy: 

This is a largely unexplored area of AI, but it has massive potential. One of the most challenging aspects of astronomy is data analysis. However, astronomers can use AI to create effective and efficient tools. For example, it is possible to create a deep learning system, trained to locate particular astronomical phenomena. With the potential for quick and efficient data analysis, astronomers can gather terabytes of data every night, surveying the entire night sky to see how the stars change over time. AI may even be able to find signals of catastrophic events in the universe. The program can monitor light signals that indicate exoplanets colliding, allowing astronomers the opportunity to direct their telescopes to the right spot at the right time to observe a monumental event. 

As AI is becoming more incorporated, it is easy to feel overwhelmed that humans are appearing to be overtaken in a variety of industries. However, humans are still far more capable at doing various activities compared to AI. Tasks that demand emotion and creativity are currently beyond the scope of AI. For example, in a thought exercise writers have tried to generate fresh screenplays for established TV shows using AI. These scripts were very hard to read and would never have made good television. Although AI can be used for inspiration and ideas, it cannot yet handle all of the tasks of writing fiction or poetry. Although language processing has had significant advancements, AI is not adept at understanding the true meaning of words. Language is often predictable, meaning AI can be used to communicate in specific settings, irony, subtlety or unexpected phrases can cause problems. AI also lacks critical reasoning and empathy. So humans will continue to excel in areas requiring these skills and talents. AI is becoming an essential part of our day to day lives, but the potential for days learning for pleasure or spending your days kicking back and relaxing are still a long way away. AI still needs to advance in a number of areas, so in most cases, your job and career path should remain safe!