A GLANCE VIEW OF AI TECHNOLOGY IN 2020

A GLANCE VIEW OF AI TECHNOLOGY IN 2020

The technology of today is advancing rapidly in every aspect of society both positively and negatively, making it subjective, changing our lives with high efficiency of operation, and simplifying access to various facets. While it has improved quality of life in specific ways, for the most part, it has only given an illusion of enhancing the quality of life without actually doing so.

Technology has consumed humans. Society is dependent; instead, it works on technology. We use technology in our daily life, and demands increase exponentially due to its ease of use. Everything that exists has pros and cons.

Technological advancement has helped solve numerous complications, although it has various downsides to it.

The providential nature of technology is continually engaging humans with pursuits. Therefore, excessive usage of advancements hurts society, making them use it compulsively, leading to procrastination and lower productivity. Although technological competence can help maximize productivity and participation, leading to higher levels of success.

Technology thrives on making user experience better. It can be defined as a mere set of tools to achieve some value to an objective. Innumerable betterments are being established in major economic sectors; it has mechanized agriculture, upgraded transportation, improved communication, digitized banking, and learning, promised better healthcare services, and boosted the impact of the software industry.

People tend to search online to seek information about anything due to its convenience. Businesses use this as an opportunity to communicate with potential customers and build a trustworthy foundation to raise company revenue. To progress in any business plan, the essential step is to define your goals/needs.

ARTIFICIAL INTELLIGENCE:

We are currently experiencing the fourth industrial revolution, where it’s the dawn of the internet that enables us to build a virtual world using augmented reality, virtual reality, artificial intelligence, and the internet of things. Artificial Intelligence with Machine Learning is the most reviewed and worked on course right now. The most fundamental aspect of solving a problem is to learn.

The process of learning to learn where a top-level AI optimizes a lower-level AI is called Meta-learning. Meta level AI algorithms make AI systems work faster, adapt to changes in their environments in a more robust way, and generalize to more tasks.

Neural networks operate similarly to the human brain, while machine learning impersonates the approach to learn and enhance its knowledge. According to many studies, to drive future growth, AI, ML, Internet of Things and digital marketing are the top skills required. Artificial Intelligence and Machine Learning are emerging technologies, by leveraging these, socio-economic growth of the future can be accelerated.

Data analytics is the new technology. Quantitative data analysis is a significant part of any business right now. Predictive analysis helps companies anticipate outcomes and behaviors based upon data. It also benefits the company by suggesting actions that lead to the desired goal.

Analytics allows companies to make satisfactory decisions; it’s an effort for faster and more efficient business intelligent solutions. Here are a few examples of how analytics has made work effective and efficient:

 Healthcare - Prevention and spreading awareness about more diseases, virtual visits with doctors through communication technology, CRISPR is a new tool kit in its prototype stage that helps edit DNA, and this might help remove genetic diseases like Autism, Alzheimer’s.

 Education – Digitized coaching allows users to access classes whenever needed, and debate forums help students enrich their knowledge by constant thinking, internet connectivity improves performance by creating and managing appropriate resources.

 Agriculture – Provides an efficient way by allowing people to produce vast quantities of food in less time, digitization has improved farmers’ access to artificial fertilizers easier, allows the manufacturing of genetic crops which take less time and are pest resistant.

 Communication – Due to secure internet connectivity, people can communicate with each other undisturbed, this helps information reach users faster, and it has also made marketing for small businesses more accessible.

 Transportation – Goods services have become trustworthy and safe due to the live tracking system; technology has also incorporated new modes of transportation.