Published: Dec 11, 2019 06:45:40 PM IST
AI, or Artificial Intelligence, needs no introduction. We have all come across it in some form or the other, either in real life or at least in pop culture. But AI has now broken the fourth wall and is a part of our everyday lives in ways we never thought possible before. It is no longer the dystopian future that science fiction movies and books of the past had us believe in. It is a reality, and it is here, and it is here now. It has the potential to drive meaningful innovation and empower people, but the key ingredient to achieve this utopia is the responsible use of AI and adequate regulations around this evolving technology.
Across the world, there is a relentless race to harness the power of AI. Businesses, researchers, and innovators are continually assessing practical applications and economic potentials of AI. In fact, if we look at current use cases of AI in the real world, it becomes clear that AI has massive potential in improving human life. Take for instance the Banking and Financial Services Industry. AI is now used to enhance the efficiency of anti-money laundering programs with considerable success. AI has also proved its effectiveness as a risk management tool for banks, analysing and flagging credit and fraud risk, as well as customer churn prediction which is an incredibly valuable datapoint. An excellent case in point is Yes Banks chatbot, YES ROBOT. It is the first of its kind, AI-enabled chatbot that leverages advanced NLP engine LUIS (Language Understanding Intelligent Service) and other cognitive services. Yes Bank envisions that the chatbot will evolve and operate as a full-fledged banking assistant in future.
The healthcare industry too has seen considerable adoption of AI. There is a massive amount of data that the industry collects, and uses for driving scientific discovery. AI is increasingly being used to make sense of this complex data, and deliver inferences and insights that can inform the development of medicines, equipment, disease analysis, and treatment optimization to cure ailments. Besides, AI can also be helpful in medical image processing and improve diagnostics by better analysing CT scan, MRI, and other images.
Take for instance Bengaluru-based Narayana Health group of multi-specialty hospitals. The group has implemented real-time data analytics and predictive insights across their operations, to provide affordable, high-quality healthcare.
In the Insurance industry too, AI is revolutionizing the landscape, with use cases at different stages of the insurance lifecycle. From identifying leads, automating the rather tedious underwriting process, claims acceptance, and price optimization, AI is increasingly being introduced to streamline processes and reduce turnaround times, in effect, improving profitability. For instance, ICICI Lombard has already partnered with Microsoft to develop Indias first AI-enabled car inspection feature in its mobile app titled Insure.
Even on a personal, individual level, AI is creating waves. Perhaps the first use case that comes to mind is that of virtual assistants. From Alexa, Watson, Cortana, to Siri, digital voice assistants are now the norm. They are so entrenched in our everyday lives that children growing up in assistant-enabled homes are learning to speak in assistant-friendly phrases; this is something that has never been observed before. We have mobile phone camera that are AI-enabled so as to click better pictures, virtual reality and augmented reality in video games, wrist watches that can monitor your vital statistics and call an ambulance if there is something amiss, cars that drive themselves, drones that pick the best spots for photography, robots that deliver pizza or make your gourmet meal in a restaurant these are all everyday uses of AI that we increasingly think of as normal. These small AI adoption-steps have warmed us up to the idea of embracing AI in our worlds, and will only open up more avenues for use cases in the future.
As legacy organisations shift to the digital world, and as we humans become more and more engulfed in the virtual world, AI presents itself as an ideal tool for meaningful innovation and empowerment. It has now become a viable tool for businesses, and perhaps, for some, a friend.
View post:
- Bodies of Empowerment Personal Training - December 8th, 2016 [December 8th, 2016]
- Series On Personal Empowerment at Psychology, Philosophy ... - December 8th, 2016 [December 8th, 2016]
- Empowering Women - Self Empowerment, Personal & Spiritual ... - December 8th, 2016 [December 8th, 2016]
- Empowerment and Strengths-Based Perspective: Social Work - January 8th, 2017 [January 8th, 2017]
- Top 100 Womens Empowerment Blogs | Psychology of Eating - January 8th, 2017 [January 8th, 2017]
- Empowerment Theory - Springer - January 8th, 2017 [January 8th, 2017]
- radKIDS.org - The national leader in children's safety - January 8th, 2017 [January 8th, 2017]
- Personal Empowerment Program : World Youth - January 8th, 2017 [January 8th, 2017]
- Personal Empowerment - Life Change 90 - January 12th, 2017 [January 12th, 2017]
- 'This is a phase of empowerment' - The Hindu - February 7th, 2017 [February 7th, 2017]
- 'Pink' actress joins campaign for women empowerment - The New Indian Express - February 7th, 2017 [February 7th, 2017]
- Help yourself, Feb. 8 - Casper Star-Tribune Online - February 7th, 2017 [February 7th, 2017]
- Making Sure Americans' Longer Lives Are Healthy - Next Avenue - Next Avenue - February 7th, 2017 [February 7th, 2017]
- Senator announces legislation to protect seniors from fraud - WSYR - February 7th, 2017 [February 7th, 2017]
- Here's who will share a personal tale of 'Behind the scenes' at Coachella Valley Storytellers Project - The Desert Sun - February 7th, 2017 [February 7th, 2017]
- Another Voice: Land trust will empower Fruit Belt residents - Buffalo News - February 7th, 2017 [February 7th, 2017]
- Tech is empowering women, and it's great for business - GreenBiz - February 8th, 2017 [February 8th, 2017]
- Town Crier: Help Yourself - Casper Star-Tribune Online - February 8th, 2017 [February 8th, 2017]
- WE Are Women's Philanthropy - Jewish Exponent - February 8th, 2017 [February 8th, 2017]
- Boston's Office of Financial Empowerment Wants to Spread the Wealth - Next City - February 9th, 2017 [February 9th, 2017]
- Empowering the Data Subject - Manila Bulletin - February 9th, 2017 [February 9th, 2017]
- The Ripple - Olney Daily Mail - February 10th, 2017 [February 10th, 2017]
- The Problem With A 'Shoppable' Presidency - Forbes - February 10th, 2017 [February 10th, 2017]
- Making Sure Our Longer Lives Are Healthy Ones - Forbes - February 11th, 2017 [February 11th, 2017]
- L'Anse Creuse Community Action Coalition Hosts 16 Annual Dialogue Day - Patch.com - February 11th, 2017 [February 11th, 2017]
- Town Crier: Help Yourself | Town Crier | trib.com - Casper Star-Tribune Online - February 12th, 2017 [February 12th, 2017]
- Springs School News, February 16 - 27east.com - February 13th, 2017 [February 13th, 2017]
- Northwest Credit Union Foundation partners with BALANCE to provide personal finance training to MESA participants - CUinsight.com (press release) - February 13th, 2017 [February 13th, 2017]
- 5 Steps To Validate Your Business Idea Before Getting Started - Forbes - February 13th, 2017 [February 13th, 2017]
- Katy Perry Dances Till the World Ends and MIA Starts a New Wave - New York Times - February 14th, 2017 [February 14th, 2017]
- Fire service receives funding to deliver 'personal development ... - Wiltshire Times - February 14th, 2017 [February 14th, 2017]
- Milk Makeup Is Celebrating Its Anniversary With A New Campaign - NYLON - February 14th, 2017 [February 14th, 2017]
- Bells University, New Horizons sign MoU On ICT empowerment for students - NIGERIAN TRIBUNE (press release) (blog) - February 14th, 2017 [February 14th, 2017]
- Mastering Trump's mastermind: Sebastian Gorka and the struggle between Islam and the West - EUROPP - European Politics and Policy (blog) - February 14th, 2017 [February 14th, 2017]
- Melinda Gates Credits Contraception With Her Personal and Professional Success - Slate Magazine (blog) - February 15th, 2017 [February 15th, 2017]
- 4 Low-Cost Benefits That Majorly Boost Employee Healthiness - Tech.Co - February 16th, 2017 [February 16th, 2017]
- Ajit Pai's digital empowerment agenda is good news for rural America - The Hill (blog) - February 16th, 2017 [February 16th, 2017]
- Humana, JE Dunn among top winners at Healthiest Employers Awards (SLIDESHOW) - Atlanta Business Chronicle - February 16th, 2017 [February 16th, 2017]
- The Vagina Monologues Grabs Back Female Empowerment - The Stanford Daily - February 17th, 2017 [February 17th, 2017]
- The truth about Ivanka's Trumped-up, me-first feminism - Macleans.ca - February 17th, 2017 [February 17th, 2017]
- Fake becomes legit: social media and the rise of disinformation in democracies - Democratic Audit UK - February 20th, 2017 [February 20th, 2017]
- Pink Gloves Boxing: Women's class focuses on empowerment ... - The Missoulian - February 20th, 2017 [February 20th, 2017]
- On Presidents Day, we celebrate the good ones - Daily Astorian - February 20th, 2017 [February 20th, 2017]
- Shaking The Fear Of Breastfeeding In Public - Huffington Post UK - February 20th, 2017 [February 20th, 2017]
- OUR VIEW: On Presidents Day, we celebrate the good ones - East Oregonian (subscription) - February 21st, 2017 [February 21st, 2017]
- Transformation of South Africa needs high sense of consciousness for social justice for success - Thought Leader - February 22nd, 2017 [February 22nd, 2017]
- Middle school girls receive empowering messages at Beautiful U - WOTV4women.com - February 22nd, 2017 [February 22nd, 2017]
- Teaching Our Kids Real from Fake - Huffington Post - February 22nd, 2017 [February 22nd, 2017]
- Weekly Music Roundup: Big Beautiful Day, Cubafonia, & "Carol" - WNYC - February 22nd, 2017 [February 22nd, 2017]
- Impact 100 members tour remodeled STEP Training Center - TCPalm - February 22nd, 2017 [February 22nd, 2017]
- Sri Sri Ravi Shankar conducts DSN Prog online - Daily Excelsior - February 24th, 2017 [February 24th, 2017]
- Bloomfield Company Uses Disney Princesses To Promote Female Empowerment - Patch.com - February 24th, 2017 [February 24th, 2017]
- Viewpoints: The case for expanding Empowerment Scholarship Accounts - AZCentral.com - February 24th, 2017 [February 24th, 2017]
- Apple Music just released an album made on an iPhone ... - Computerworld - February 24th, 2017 [February 24th, 2017]
- "The Farting Sex Tourist" Is Both Deep and Deeply Silly - PopMatters - February 24th, 2017 [February 24th, 2017]
- Personal trainer focuses on client empowerment - Olean Times Herald - February 24th, 2017 [February 24th, 2017]
- Pushing past barriers: Program aims to foster empowering female relationships - West Central Tribune - February 25th, 2017 [February 25th, 2017]
- Town Crier: Sunday's Highlights - Casper Star-Tribune Online - February 25th, 2017 [February 25th, 2017]
- MILCK comes to Portland this week to emPOWer - Oregon Music News - February 27th, 2017 [February 27th, 2017]
- Sippican to Implement 'radKIDS' Defense Program - Wanderer - February 27th, 2017 [February 27th, 2017]
- Personal trainer focuses on client empowerment - Clearfield Progress - February 27th, 2017 [February 27th, 2017]
- Black History Month: Recovering Our Personal Narrative - Muslim Link - February 28th, 2017 [February 28th, 2017]
- Judge Holds NYPD's Feet to Fire on Press Credentials - Courthouse ... - Courthouse News Service - February 28th, 2017 [February 28th, 2017]
- Federal Judge Says NYC's Regulation Of The Press Will Go On Trial - Village Voice - March 2nd, 2017 [March 2nd, 2017]
- The Jamaican Women of Florida, Inc. (JWOF) elected a new Board of Directors - Jamaicans.com - March 2nd, 2017 [March 2nd, 2017]
- This women's sport you've never heard of is taking Israel by storm ... - Jewish Telegraphic Agency - March 2nd, 2017 [March 2nd, 2017]
- Consult a psychic - for empowerment - Philly.com - March 2nd, 2017 [March 2nd, 2017]
- Digital Inclusion Summit: Training, Partnerships Are Key - Rivard Report - March 2nd, 2017 [March 2nd, 2017]
- Electing Caliban: Assessing Civic Health in Post Truth America - Huffington Post - March 4th, 2017 [March 4th, 2017]
- Krejci named 2017 Woman of Achievement - Southernminn.com - March 4th, 2017 [March 4th, 2017]
- Film spotlights human trafficking as Trump promises action - The Republic - March 6th, 2017 [March 6th, 2017]
- COMMENTARY: Empowering the homeless to take the next step ... - Delaware State News - March 6th, 2017 [March 6th, 2017]
- BEP hosts women empowerment conference - The Brown Daily Herald - March 6th, 2017 [March 6th, 2017]
- Family planning key to women empowerment - K24 TV - March 8th, 2017 [March 8th, 2017]
- Jeremiah Program Gives Families Home to Help Rise Out of Poverty - TWC News - March 8th, 2017 [March 8th, 2017]
- What the Health Documentary Shocks, Educates, and Empowers - Clearly Veg (blog) - March 8th, 2017 [March 8th, 2017]
- Westfield HS to Host Female Student Empowerment Symposium - Patch.com - March 8th, 2017 [March 8th, 2017]
- Our view: Sports program for disabled students is welcome - Winston-Salem Journal - March 8th, 2017 [March 8th, 2017]
- Video Of The Week #24: Astroid Boys Foreigners (Feat Sonny Double 1) - God Is In The TV - March 8th, 2017 [March 8th, 2017]
- International Women's Day 2017 Be Bold For Change - St. Lucia Times Online News (press release) - March 8th, 2017 [March 8th, 2017]