The AI Advantage: Top Applications of Artificial Intelligence Beyond the Books

Times have changed. We now live in a world where we are surrounded by AI-powered devices and gadgets. Many apps and services that assist us in doing routine tasks, such as chatting with friends, using email, or using a taxi service, are now driven by AI. With the everyday advancements in AI technology, artificial intelligence will most likely be an indispensable part of our daily tasks. The strength of artificial intelligence is there for everyone to see. From Google Maps to self-driving vehicles, there are several applications of AI in real life. Be it banking or AI in education examples, AI is everywhere. The AI market is expected to rise from $327.4 billion in 2022 to $390.9 billion in 2023. (Source: Analytics Insight)

What is Artificial Intelligence?

The replication of human intellect in robots that are built for performing cognitive functions like humans is referred to as artificial intelligence (AI). It is an extensive subject of computer science that includes the building of artificially intelligent systems capable of doing activities that would normally need human thought.

AI systems are intended to sense their surroundings, understand and translate data, analyze and make judgments, and behave appropriately. They adapt from and enhance their abilities over time by using computations, mathematical structures, and big datasets. There are several applications of AI in real life – banking and finance, healthcare, logistics, education, entertainment, etc.. Its objective is to develop intelligent robots capable of augmenting human skills, automating processes, solving complicated issues, and providing important insights and support.

Why AI is used?

When we talk about the different real world applications of AI, there are several reasons why AI is used. Here are some of them.

• Automation of repetitive tasks.
• Providing humans more valuable time for focusing on important tasks
• Increased efficiency and productivity
• Offer personalized suggestions and recommendations to customers
• Understand, interpret, and respond when interacting with humans like in case of chatbots
• Analyze enormous amounts of data rapidly and correctly, detecting trends, patterns, and insights.
• Image, video, and audio analysis and interpretation, allowing intelligent machines to distinguish people, things, actions as well as emotions.

Understanding the real world applications of AI

There are several applications of AI in real life. Here are some of them.

Medical and healthcare

• When we talk about real world applications of AI, the field of medical and healthcare comes right at the top.
• At present, AI programs are being used by top healthcare organizations across the globe to make improved and faster predictions and diagnosis of diseases in humans.
• The application of AI in real life in healthcare includes improving the consistency and predictability of identifying life-threatening diseases such as cancer, stroke, heart diseases, etc.
• With the strength of artificial intelligence, patient care in hospitals and medical care centers can be increased.
• In addition to making predictions of diseases, AI-powered bots can also respond to human queries related to hospitalization, etc.

Education

There are several AI in education examples that have the capability and potential to transform learning in educational institutions.

Here are some of the AI in education examples.

Personalized learning

• In the work of education, every student is different.
• An AI program can analyze the learning abilities of students and identify their strengths and weaknesses.
• For example, Student A may be good in languages, but may find math difficult.
• In such cases, AI can be used to provide personalized learning to students based on their specific needs.

Automated assessments of tests

• Most teachers spend their time on administrative work such as assessment of examination papers and tests.
• One of the examples of artificial intelligence in education is the automated assessment of examinations, especially those which are objective-based that includes multiple choice questions, fill in the blanks, true or false, etc. having specific answers.
• Automation of assessment of test papers helps teachers save valuable time, thus allowing them to focus on their teaching and the students.

Feedback to students

An AI program has the capability to provide automated feedback to students by assessing their written responses. The feedback given to students will help them improve and understand where they are going wrong.

Curriculum designing and content creation

• Another one of the AI in education examples is curriculum designing and content development.
• Curriculum development is notoriously challenging since the subject matter and its applications are always being upgraded.
• While AI is good at generating individualized educational materials for each pupil, it may also be extremely useful in improving educational institutions’ curriculum.
• AI can evaluate massive volumes of data on students’ progress, interests, skills, and obstacles over the course of an academic year and assist teachers and educators on how to increase the efficacy of their educational programs on a big scale. 
• AI algorithms can detect patterns and trends, evaluate the efficacy of various pedagogical techniques, and forecast the consequences of various educational tactics.

Transportation with smart automobiles

• Similar to AI in education examples, smart automobiles are another field where AI is becoming more prevalent in our daily lives.
• Not only are businesses like Tesla at the forefront of employing smart, but many car manufacturers are also working at combining AI with automobiles to give seamless services of many technologies that you use.
• To effectively manage through traffic, information is shared and transferred between automobiles. 
• Inputs about traffic statistics, current information on obstacles, and so on are instantly broadcast to inform other cars, allowing for re-routing.

Emails

• Most of us will send at least one email everyday, if not many. 
• When you create an email, various tools will perform the spell check and help you generate error-free communications. AI, machine learning, and natural language processing are used in these tools. 
• Spam filters on the receiving end of your communication utilize AI to either reject emails suspected of being spam or recognize an email that they believe you would like to see in your inbox.

Finance

In the world of finance, artificial intelligence is used in a number of ways. It is crucial to ensure the safety of the transactions we perform and for finding instances of fraudulent activities. When the balance in your account goes below the minimum, you receive a notification automatically on your phone. This is possible through the strength of artificial intelligence. Whether you go to a restaurant for lunch and buy a new pair of clothing, artificial intelligence will evaluate the transaction to see whether it’s a “normal” transaction and either confirm or refuse the transaction in case someone else is using your credit card.

The AI in education market reached $4 billion in 2022 and is expected to increase at a CAGR of more than 10% from 2023 to 2032, owing to an increasing demand for personalized education. (Source: GM Insights) The given statistic provides the increasing AI in education examples. Not just education, AI has penetrated into several industries. With the tremendous potential and real world applications of AI, this technology offers students with opportunities to take their learning beyond the classrooms. Considering the different AI in education examples, its adoption will help students learn valuable skills for transforming their future.