What Is Artificial Intelligence | Type, Usage and Benefits

The term “Artificial Intelligence” is an emerging technology that comprises infinite possibilities. Its vast scope of implementation in almost every human activity and even beyond is the reason why tech giants like Google and Microsoft are investing substantially in their AI infrastructure.

As per the report published by Forbes in 2020, tech companies have already spent more than $50 billion of their revenue on artificial intelligence. What is so special in AI that everyone is running to possess its potential earlier than others? Before putting light on this question, you have to understand what AI actually is and how it works in the real world. Stay connected in this journey of knowledge.

What is Artificial Intelligence

AI is a term that represents a system or robots capable of mimicking human intelligence. Moreover, they collect and utilize data to improve automatically. Artificial intelligence comes in a number of shapes and sizes. AI is less about a certain structure or function and more about a process and the ability to think quickly and analyze data.

Although ideas of high-functioning, human-like robots sweeping the globe bring up images of AI sweeping the globe, AI isn’t intended to replace humanity. Its mission is to significantly boost human abilities and contributions. As a result, it’s a highly valuable business asset.

AI Origin

Alan Mathison Turing, a British logician and computer pioneer, did the first important work on the subject of artificial intelligence in the mid-20th century. It was elaborated as a computing machine that comprises infinite memory along with a scanner that moved symbol by symbol across the memory. The core purpose was reading info, learning, and writing new symbols.

A program dictates scanner activities that are instructions stored in the memory in the form of symbols. This is Turing’s stored-program concept, which includes the potential of the machine to function on its own program and so update or enhance it. In the further article, we will discuss the future of artificial intelligence and its types in detail.

Artificial Intelligence Types

On the basis of capabilities and efficiencies, artificial intelligence can be classified into four categories i.e.

a) Reactive Machines

Memory-based functionality is not available on these devices. As a result, such computers are unable to use earlier experiences to guide their current actions. These machines could only be programmed to respond to a restricted number of inputs or combinations of inputs. They are unable to rely on memory to improve their operations.

b) Limited Memory

Limited memory machines are machines that can learn from historical data to make judgments in addition to having the characteristics of fully reactive machines. This category of AI encompasses nearly all existing applications that we are aware of. All modern AI systems, including deep learning systems, are trained using vast amounts of training data that they store in memory to create a reference model for solving future issues.

c) Theory of Mind

A theory of mind-level AI will be able to discern the needs, emotions, beliefs, and mental processes of the entities with which it interacts. While artificial emotional intelligence is now a burgeoning industry and a focus for prominent AI researchers, reaching the level of Theory of Mind AI would necessitate advancements in other AI areas as well.

d) Self Aware

This is the last level of AI development, and it only exists in theory at the moment. Self-aware AI, as the name implies, is AI that has progressed to the point where it is so similar to the human brain that it has gained self-awareness. The ultimate goal of all AI research is and will always be to develop this form of AI, which is decades, if not centuries, away from becoming a reality.

Not only will this form of AI be able to understand and evoke emotions in individuals with whom it interacts, but it will also have its own emotions, wants, beliefs, and maybe goals. These four artificial intelligence types can also be categorized into three segments artificial narrow intelligence, artificial general intelligence, and artificial super intelligence.

Right now, we are at the second stage only which involves the basics of reactive machines and the memory aspect still needs a lot of evolution.

Usage and Benefits of AI

1) Quick and Smart Decision Making

In order to make the best decisions for businesses, AI technology can coordinate data distribution, build data consistency, assess trends, quantify uncertainties, and even provide vital forecasts. All these activities are executed within the minimum possible period of time because of the advanced processors.

2) Tasks Automation

Automation allows for higher production rates and productivity in a variety of industries, as well as better raw material utilization, product quality, shorter lead times, and increased safety. It may also assist in the release of resources that may be put to better use.

3) R&D Analysis

Machine learning and artificial intelligence can be used to analyze data much more quickly. It can help with the creation of predictive models and algorithms for data processing, as well as the comprehension of the possible outcomes of certain trends and events.

4) Complex Problems Solutions

AI has evolved from a simple Machine Learning phase to powerful Deep Learning, enabling it to solve the toughest problems. There’s a lot going on in the realm of artificial intelligence, from fraud detection to targeted customer interactions to weather forecasting and medical diagnostics. In addition, AI is supporting companies in a range of industries in their quest for the best solutions.

5) Error-Free Tasks Execution

Another key benefit of using AI to automate normal organizational procedures is that it lowers the risk of human error. Digital systems can be more efficient and less likely to encounter or develop difficulties as a result of data processing faults since Robotic Process Automation technologies handle data entry and processing.

Conclusive Words

This article has covered every piece of information that is crucial to introduce you to artificial intelligence. From the beginning to the current stage, it has just walked a short distance so far. Despite being at the second stage of development, AI still possesses infinite exciting possibilities. There is no room for doubt regarding artificial intelligence’s future success in the real world. All it needs is the right guidance to avoid chaos questioned by a majority of intellectuals.