AI- Artificial Intelligence

Understanding AI

Artificial intelligence (AI) is wide-ranging branch of computer science concerned with building smart machines capable of performing tasks that typically require human intelligence. AI is an interdisciplinary science with multiple approaches, but advancements in machine learning and deep learning are creating a paradigm shift in virtually every sector of the tech industry.
The Tools:

  • 1

    Search and optimization

  • 2

    Logic

  • 3

    Probabilistic methods for uncertain reasoning

  • 4

    Classifiers and statistical learning methods

  • 5

    Artificial neural networks

  • 6

    Evaluating progress

AI Applications for example

Healthcare

AI in healthcare is often used for classification, whether to automate initial evaluation of a CT scan or EKG or to identify high risk patients for population health.

Automotive

Advancements in AI have contributed to the growth of the automotive industry through the creation and evolution of self-driving vehicles.

Finance and economics

Financial institutions have long used artificial neural network systems to detect charges or claims outside of the norm, flagging these for human investigation.

Cybersecurity

The cybersecurity arena faces significant challenges in the form of larges scale hacking attacks of different types which harm organizations of all kinds and create billions of dollars in business damage.

Hospitality

In the hospitality industry, Artificial Intelligence based solutions are used to reduce staff load and increase efficiency[325] by cutting repetitive tasks frequency, trends analysis, guest interaction, and customer needs prediction.

Audit

For financial statements audit, AI makes continuous audit possible. AI tools could analyze many sets of different information immediately. The potential benefit would be the overall audit risk will be reduced, the level of assurance will be increased and the time duration of audit will be reduced.

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