There’s no escaping it. Wherever you turn, someone is probably talking about artificial intelligence (AI), and how it’s going to completely change the way humanity does, well, everything. At its core, AI will help us solve problems that are far too difficult for us to do on our own.
How is this possible? Basically, AI is able to synthesize information in ways that might not seem intuitive to mere mortals; and it’s capable of doing it at incredibly fast speeds. The introduction of AI into our society will accelerate our advancement in ways previously thought impossible. Here are seven problems AI is solving right now.
The Traffic Problem
If you live or work near a major city, you know that traffic is a problem. And the facts are there to support that. In 2014, congestion costed the average commuter about 960 dollars. In that same year, about $160 billion dollars were lost on inefficiencies due to traffic congestion.
Traffic is a huge problem to our society. It wastes time, money, and energy—three things we can’t afford to lose. AI will help us alleviate this issue. This is because AI will be able to operate self-driving cars as a whole system, as opposed to every individual driver acting on their own terms.
Dangerous Spam Emails
Spam used to be obvious. But people trying to scam you through email have become much more sophisticated in their tactics. Now, many dangerous emails appear totally legitimate to the average human, especially on first glance. This is where AI comes to the rescue. AI can analyze vast amounts of data in ways that would be impossible for a team of people. Doing this allows it to identify trends that are consistent with malicious emails. Only 0.1 percent of the average Gmail inbox is spam. The rest is automatically filtered into a spam folder. And amazingly, half that much is incorrectly identified as spam. You can thank AI for that.
Plagiarism is an issue that has run rampant throughout human history. With the advent of AI, we might finally have a solution for it. AI is capable of processing unbelievable quantities of documents—scanning for what it deems to be copied material. The elimination of plagiarism will ensure that the correct people are always cited for their work.
Businesses are set to be some of the biggest beneficiaries of the AI revolution. This is specifically true when it comes to AI analytics. New forms of business intelligence (BI) now incorporate AI into key processes. We’re now seeing high-level insights at speeds that would have previously been deemed impossible. AI can instantly synthesize an organization’s collected data—allowing for immediate, actionable outputs. Companies like ThoughtSpot are even making it easier to pull actionable insights from the data by allowing non-expert users to garner information without relying on a data scientist. This is likely to change the way we look at AI analytics, especially around speed and convenience. Another company, Rulex, has developed an AI to perform Robotic Data Correction. This can detect and fix what it beleives are data entry errors based on historic metrics.
Fraud is difficult to prevent due to the massive number of transactions that happen every day. Unless something is glaringly obvious, it likely won’t receive any kind of attention. And even if it is obvious, someone still needs to observe the fraud. AI solves this issue because it doesn’t need to individually verify every transaction like a human. It can create algorithms that immediately identify cases that fit the profile of various types of fraud—even when spread over multiple transactions. This will ultimately lower crime , and save money for average people.
Determining Credit Worthiness
It’s no secret that computers work better with numbers than people. So it should come as no surprise that AI will likely determine your creditworthiness in the future. An AI can evaluate variables and probabilities with a greater accuracy than any person. This will create a more efficient and fair system for who should and shouldn’t receive loans.
Improving Digital Assistants
This is one of the ways that many people are already engaging with AI today. Your digital assistants—such as Alexa and Siri—are currently using this technology for things such as voice recognition, and creating contextual, engaging conversations. As these assistants continue to receive more input data from users, it will only make them better equipped to help us in our everyday lives.
There’s no denying that AI is going to play a massive role in our lives. Every single person will see the effects of this movement play out in some way. These are just some of the most prominent areas in which AI will shape our future.