AI Redefined: Types, Components, Benefits, and Examples

Introduction:

Artificial Intelligence has come a long way from being a mere sci-fi daydream to a crucial part of our lives. We are already using AI for our day-to-day activities without even realizing it.

Be it Siri and Alexa for voice-operated tasks, google suggesting places to visit, or amazon showing us exactly the products we want, AI is everywhere.

These intelligent artificial algorithms are constantly making our lives better, but this is only the beginning and there’s yet more to come.

Achieving human-like intelligence is gradually transitioning to the realm of possibility due to ongoing iterations in AI SaaS ideastechnology.

But what exactly is artificial intelligence? How and when will it start impacting our lives at an exceptional level? Will it ever be able to replace humans? Read this article to find out.

What is Artificial Intelligence?

Artificial intelligence is the imitation of human intelligence to carry out tasks or solve complex problems by machines, especially computer systems. Almost all businesses today incorporate some form of Ai.

Ai can be categorized as weak or strong:

Weak AI:  A system developed for performing a particular task like voice-activated commands, it can maybe answer your question or obey a programmed command but can’t operate without human interaction.

Strong AI: A system incorporated with general human intellectual abilities, meaning it can do tasks and find solutions to problems without human intervention. A self-driving car is an example of a strong ai that uses a combination of computer vision, deep learning, and image recognition to avoid crashing into other vehicles or objects.

HOW DOES ARTIFICIAL INTELLIGENCE WORK?

In order to actually understand how artificial intelligence system work we need to have a basic knowledge of its domains.

Machine Learning:

Machine learning is the branch of Artificial intelligence and computer science that is devoted to understanding and learning methods using data analytics to improve performing a certain set of tasks.

In other words, it is the technology that teaches computers to learn without being specifically programmed.

Deep Learning:

A technique enabling Machine Learning inspired by the thinking process of the human brain.

A BRIEF HISTORY OF ARTIFICIAL INTELLIGENCE:

WHAT ARE THE TYPES OF AI?

The main goal of Ai is to reproduce human intelligence in machines, to construct a computer system that can think, learn, see, and communicate like humans. It would be the peak of scientific achievement for tech enthusiasts, while for others, it might seem like a scary concept.

Nonetheless, we still are very far from developing self-sustaining robots planning world domination but it is important to know what expert minds have predicted to be the progressions in the Ai world.

• Reactive Artificial Intelligence:
• Limited Memory Artificial Intelligence:
• Theory of Mind Artificial Intelligence:
• Self-Aware Artificial Intelligence:

The second system of classification is the ‘capability classification system’, this is a broader system of classification more commonly used by people working in the tech world. Artificial intelligence is categorized into three types according to this system:

STAGE 1– Artificial Narrow Intelligence (ANI):

This is the most common form of AI you’ll come across. These artificial intelligence systems are designed to carry out a single repetitive task with accuracy and efficiency. Just like the name suggests it has narrow capabilities, for example, product recommendations and weather predictions.

STAGE 2- Artificial General Intelligence (AGI):

It is defined as an AI system that is capable of performing human-level cognitive functions without assistance.

Thousands of artificial narrow intelligence systems would be combined to develop an AGI system.

Artificial General Intelligence is still in its developmental stages, and we’re still far away from building a successful AGI system.

STAGE 3- Artificial Super Intelligence (ASI):

An Artificial Super intelligence system would surpass all human abilities and be better than humans at performing all sorts of tasks. These machines would be capable of making emotionally intelligent, rational, and logical decisions. ASI systems might come across as something sci-fi but it is indeed a reasonable progression to AGI systems.

COMPONENTS OF AI:

There are six basic components that drive Artificial intelligence systems.

• Machine Learning: This refers to the discipline of Artificial Intelligence that enables machines to learn, improve and adapt according to the new data provided to them.
• Deep Learning: It is a subset of machine learning that teaches machines to learn and think like a human brain. This component of Ai imitates the way humans acquire knowledge
• Computer Vision: The aspect of Ai that trains computers to interpret and understand digital images, videos, and visuals. It helps in the automation of tasks that can be only done by the human visual system.
• Neural Network: An Ai model that is inspired by the neural network in the human brain. It comprises a network of several nodes or neurons in a layered system that resembles the neural network in the brain.
• Natural Language Processing (NLP): Helps computer programs to understand the way humans speak, write and interact with one another. This component of AI enables computer systems to communicate using natural human languages such as English. The understanding works based on the activation functions.
• Cognitive Computing: In simpler terms, Cognitive computing is the simulation of human thought processes. It is basically the combination of all the above components like reasoning, image recognition, language processing, and other human perceptive capabilities that help machines solve complex issues.

BENEFITS OF AI:

AI is exceeding the limits of computer-enabled functionalities. This cutting-edge technology helps computer systems to perform autonomously ensuring effective implementation of repetitive tasks.

Artificial intelligence technology enables the formation of a Nextgen workspace that is founded on the partnership between computer systems and humans.

This means that human resource does not become useless but rather, their workings are boosted by emerging tech

Primary advantages of AI include:

• Time-saving
• Reduces workload
• Can be used in recruitment
• Faster and smarter decision making
• 24/7 Availability
• Decreases human error
• Prevents burnout from iterative tasks.
• Execution of complex tasks cost-effectively
• No interruptions or downplays
• Augememts differentially abled individuals
• Boosts Businesses and trade
• Unbiased thinking
• Improved security

WHAT IS AUGMENTED INTELLIGENCE?

Augmented Intelligence or Intelligence Augmented (IA) refers to the combination of common sense, imagination, and creative thinking of humans with the speed, accuracy, and focus of machines.

Augmented intelligence is a model of partnership and collaboration between humans and Ai machines working together to enhance cognitive performances.

In this model, humans have the final say in decision-making. The technology provides relevant information and analysis then the operator determines what should be next done with the data.

Examples of Artificial Intelligence in our Daily lives:

Ai is indeed transforming the tech world but it is also impacting our daily lives and changing the way we do things every day.

Let’s look at the common examples of AI:

1. Self-Driving and Parking Cars:

 The technology company Nvidia gives cars the ability to drive autonomously on the roads by using utilizing Ai. Fully operational self-driving cars are Toyota, Mercedes-Benz, Audi, Volvo, and Tesla.

2. Virtual Assistants:

Digital Assistants like Google Now, Siri, Alexa, and Cortana help users do different tasks like scheduling, calling, or controlling other apps, strive on Ai Technology to function.

3. Domestic Robots:

AI-powered robots like Shark AI Robot Vacuum can perform domestic cleaning independently.

4. Transport:

Machine learning, a subset of Artificial intelligence powers transportation apps like Uber.

“We use ML to enable an efficient ride-sharing marketplace, identify suspicious or fraudulent accounts, and suggest optimal pickup and drop-off points” writes the company on its website.

5. Marketing Chatbots:

Marketing chatbots like Landbot, MobileMonkey use artificial intelligence technology to generate Leads and retain customers

6. Social Media Monitoring:

AI aids in social media monitoring of popular networks like Facebook, Instagram, Twitter, and LinkedIn.

7. Text Editors:

Many text editing and generating tools like Copy.ai, and Copysmith heavily rely on AI to compose unique texts and writeups  

8. Financial Assistants:

Companies like AlphaSense, and Numerai offer financial assistance, offering unbiased advice for monetary investments to their clients using AI.

Final thoughts on Artificial Intelligence Technology:

AI is everywhere, it has exploded in popularity in the last few years, and in the near future, we would see more of our jobs being outsourced to Ai.

As we have learned the main goal of Ai is to reproduce human intelligence (or at least try to) in machines, to construct a computer system that can think, learn, see, and communicate just like humans.

It would be the peak of technological achievement for tech scientists, while for others, it may seem like a scary concept.

Nonetheless, we still are very far from developing self-sustaining robots planning world domination but it is important to know what expert minds have predicted to be the progressions in the Ai world.

The emergence of Artificial intelligence indeed has the potential to completely alter the prospect of humanity, but it still has a long way to go and it is only in its early phases. The future of Ai will be filled with extraordinary inventions that will bring us closer to an unparalleled future.