Most of the activities take a lot of time and efforts from the employees and at times there is also a chance of a human error in these activities so to speak. Similar to other fields the AI applications have saved a lot of time, human resources and made the results efficient. Air transport is one of the most systematic transportation systems, and it will not be wrong to say that air transport cannot survive without the use of artificial intelligence. All the above points are briefly discussed here. We have described only a few uses of artificial intelligence. The basic goal of artificial intelligence is to provide mechanism for decision making. Automotive 9. The strategic implementation of artificial intelligence in the bank helps them to focus on every customer, and provide them quick resolution. Artificial intelligence or AI is nothing but the science of computers and machines developing intelligence like humans. From virtual reality games to the modern games which are there today, this is one industry where artificial intelligence has taken the biggest leap. Apart from making the world an error-free place by their simple and everyday techniques, these technologies and applications are not only related to our general and everyday lives. In this way, the humans can then focus their strengths on higher levels of work to accomplish a lot more and always taking technology to the new heights. He has thorough experience in Core Banking, Finance, Software Products and Robotic Process Automation since 2001. The oversight needs to be on the national and international level so that all the countries can be at peace and experience growth in their respective countries. Some of the works that banks and financial institutions handle are investing money in stocks, financial operations, managing various properties, etc. You can also go through our other suggested articles to learn more –, Introduction to Types of Artificial Intelligence, Advantages of Artificial Intelligence | Top 7 Advantages, Top Amazing Artificial Intelligence Tools & Applications, Future of Artificial Intelligence | Top 4 Major Fields, Artificial Intelligence Tools & Applications. Save my name, email, and website in this browser for the next time I comment. There have been various machine learning algorithms and models that have been working efficiently to predict various critical use cases such as determining whether a particular patient has malignant or benign cancer or tumor based on the symptoms and the health records and history. So, the automation of workflow for recruitment process and management of the staff artificial intelligence applications play a huge role and saves the resources. Some examples are: Artificial intelligence has played a huge role in financial services. These technologies are a great asset to humans and therefore are programmed to reduce the human effort as much as possible. Intelligence is the ability to get the knowledge and apply the same with the proficiency and skill for some result or outcome. With the rapid growth in technology and development, we can expect a lot more exciting features and uses of AI in the future . It will be a time when the hierarchical order dictates the limits of a human. You can read in detail about singularity here. There are also many efficient healthcare bots introduced in the medical field to provide constant health support to patients. In order to take care of this crucial aspect, there are many organizations and scientists that are pushing for regulatory oversight on AI application and systems. The ultimate objective of artificial intelligence is to overtake the work of human being. Artificial Intelligence plays a very important role in not just the development of business and processes but also the humans to the next level. The artificial intelligence has made a phenomenal impact in the medical industry and therefore changes the face of the medical industry.