Today,
Artificial intelligence technology is a trending topic that is widely talked
over in technology & business circles. Many industry analysts & experts
argue that AI is the future; but, when we look around and analyze, we are
convinced that it’s not the future; it is the present.

I
think most of you aware of what is artificial intelligence? If not, look at the
below definition.

AI
technology is the branch of computer science that accentuates the building of
intelligence machines that works and thinks like humans. In essence, artificial
intelligence examples are speech recognition, learning & planning, and
problem-solving.

With
the advancement of technology, you are connected to various types of artificial
intelligence products, whether it is Alexa, Siri, or Watson. Well, we all know
technology is in the initial stage, and more & more companies are investing
its most of its resources in machine learning, indicating a robust growth in AI
products and apps shortly.

Artificial
intelligence is not limited to IT technology; instead, it is comprehensively
used in other areas like education, medical, law, business, and manufacturing.

Some stats related to Artificial intelligence growth:

• According to the report of MarketandMarkets, the AI market will grow to $190.61 billion industry by 2025 at CAGR of 36.62%.
• According to Gartner, 80% of emerging technologies will have an AI foundation by 2021.
• Gartner survey shows that 37% of organizations have implemented AI in some or other forms, which is a 270% increase in the last four years.
• IDC predicts 75% of commercial enterprise apps will use AI by 2021.

You
believe it or not. Artificial intelligence is affecting our choices and our
lives every day. Well, continue reading as we tell you examples of artificial
intelligence you are using in your daily life.

• AI in Commuting

Commute
times in the US have been progressively increasing year by year, which is affecting
productivity. Reducing commute times is not a simple issue to resolve.

Now,
we are going to see how AI is already helping to tackle the complexities of
transportation.

Ridesharing
apps like Uber, OLA, and Lyft

How
will they determine the price of your ride? How to these services optimally
match you with other fellow passengers to minimize detours? The answer to all
questions is ML.

Uber
head of machine learning confirmed Uber’s use of machine learning for estimated
meal delivery times on UberEats, ETA for rides, fraud detection, and computing
optimal pickup location.

In
the comping up future AI will decrease your commute even further via
self-driving cars that results in 90% of fewer accidents, more efficient ride-sharing,
and smart traffic lights that reduce wait times by 40% and overall time by 26%.

• Smart cars
  & drones

Smart
car and drone manufacturers are using most of AI technology. Just a few years
ago, using a complete automatic car is a dream, but today companies like Tesla
and Waymo made so much progress that we already have a fleet of semi-automatic
vehicles on the road.

When
it comes to drone delivery programs, Amazon and Walmart are heavily investing
to make it a reality as soon as possible. If you think that is far-fetched, do
note that militaries all over the world are already using successful drone
programs.

Tesla autopilot cars are a prime example of how AI is affecting our daily life with features like predictive capabilities, self-driving, and technological innovation. The Tesla vehicle is getting smarter day by day through over the air updates.

• 

• Smartphones

Smartphones
have become the most crucial tech product that we own today, and we use almost
every time. Well, if you are using a smartphone means you are interacting with
the AI whether you knew it or not.

In
a smartphone, you will have AI features like a smart assistant and portrait
mode in the camera. For example, when you are using an intelligent assistant
like Siri or Google Assistant or Alexa, you are aware they are based on AI.

The Smart assistants (Google Assistant) help you to find the information, make voice calls, get directions, open applications, add events to the calendar, and send messages. These smart assistants use machine learning to get smarter and capable of understanding natural language requests and questions.

It
is one of the standard and iconic examples of machine learning abilities of
smartphones. When you are using a portrait effect for taking images, we never
thought AI is behind it. The integration of AI in smartphones helping in
bringing features like mixed & virtual reality elements, scene detection,
and many more.

So,
whenever you feel AI is not affecting you, take out your smartphone.

• Media
  streaming services

Media
streaming services are the next example of how AI affects our lives that we are
using in our daily life. Whether you are using Netflix, YouTube, or Spotify, AI
is making the decisions on behalf of you. You might feel that you have total
control, but the reality is not.

For
example, I love to discover a weekly playlist on Wynk as it introduced me to
several artists, which I wouldn’t have been announced to if not for the AI gods
at Spotify.

So
next time when you are hitting play on a recommended video or watching a
recommended show on Netflix, or any other media & music streaming service
for that matter, remember that AI is playing a significant role back of that.

• Banking
  & finance

The
open fact is the world runs on money, and banks are necessarily the gatekeepers
that regulate the entire flow, and it plays a significant role in our lives.

Did
you know that the banking & finance industry mostly depends on artificial intelligence
software for things such as fraud detection, investment, mobile check deposits,
credit decisions, customer service, and many more?

Let
us have a look at the simple example:

We
will receive automated email and SMS messages from banks whenever we perform a
simple transaction. Well, that’s AI watching over your account and trying to
warn you of any fraud.

Banking
systems are trained with AI to look at the large chunk of fraud data and find a
pattern so that you can be warned before it happens to you. Even big players in
the banking and finance industry use AI to analyze data to find the best
avenues to invest in getting more returns with minimal risk.

It
is not the end, AI is going to play a key role in the industry as most of the top
banks around the world are investing billions in the AI, and we all will see
the effect sooner.

• Conclusion

As
you can see, Artificial intelligence is gaining popularity at a faster pace,
influencing the way we live, and improve & interact with customer
experience. Artificial intelligence is influencing our choices and lives in one
or another way.

There
is much more to come in the coming up years with more development,
improvements, and governance.

I
hope this article will be beneficial for you to get an idea of how AI is useful
in our daily lives. Most of the companies are started investing in AI to uplift
their business.

So, now its your turn. The USM has vast experience and best practices in using AI and its technologies, deliver high-level AI solutions and apps. Let us connect to know your business needs, so that we get back to you to provide a solution.

Source: https://www.usmsystems.com/ai-examples-in-our-daily-life/