Artificial intelligence (AI) – is intelligence given to machines. It is the creation of intelligent machines that work and react like humans. It is an “intelligent agent” that perceives its environment and takes actions that maximize its chances of success at some goal. The term “Artificial Intelligence” is applied when a machine mimics “cognitive” such as “speech recognition”, “learning”, “planning” and “problem solving”.
According to the father of Artificial Intelligence, John McCarthy, it is “the science and engineering of making intelligent machines, especially intelligent computer programs”.
It became a huge topic these recent years, because AI is about to develop a variety of businesses and change many industries. From ChatBots to self-driving cars, Artificial Intelligence (AI) is progressing quickly.
Here’s 4 examples of how Artificial Intelligence is used today in Businesses:
Did you know that 80% of businesses want chatbots by 2020? The interactive program that talks to you and answers requests just like a real person. It uses Machine Learning through Artificial Intelligence to pick up on conversational cadences, allowing it to mimic human conversations and react to spoken or written prompts to deliver a service.
Today there are more than 40,000 ChatBots since it was introduced in the form of Artificial Intelligence early in 2016.
There is 2 different types of ChatBots
–The messaging one: Its functions are based on rules, and typically it can only respond to very specific commands. It is smart…but only as it is programmed to be.
–The virtual assistant one: It uses Artificial Intelligence and understands language, not just commands. You can talk to it, order it to buy you stuff, to find you some informations etc.
The Best-Performing ChatBots can answer (almost) every question just like Apple’s Siri, Amazon’s Alexa, Google Assistant and some others.
Here’s a list of some brands that daily use ChatBots to interact with their customers.
2. Virtual Sales Assistant
Its name is Conversica. It is an automated sales assistant powered by Artificial Intelligence capable of having human conversations through emails to reach out to every single one of your leads to convert them to customers.
It is very well developed as it is operational for many industries like: Automotive Sales – Automotive Service – Education – Finance & Mortgage – Insurance – Real Estate – Technology – Membership Services.
Used by 15,000 sales representatives worldwide, it has helped create more than US$8 billion in sales revenue.
3. Virtual Decision-making Assistant
It is now possible to use Artificial Intelligence to help make the best decision possible and the optimal choices.
By using mathematics, Daisy Intelligence use its proprietary “Theory of Retail” and “Theory of Risk” to uncover smarter operational decisions for operational data.
Daisy Intelligence offers Retail Solutions (Price Optimization, Assortment Planning, Promotional Targeting, etc.) and Insurance Solutions (Fraud Detection, Predictive Underwriting).
The intelligent car is not a new topic. Our cars are already connected, equipped with speed regulators, sensors to help us park and even systems of assistance to the driver.The autonomous car will only be a continuation of the progress made over the last two decades in this field, with a main objective: eliminate the driver.
In terms of road safety, it is estimated that 90% of road accidents are related to human errors. If all the cars were autonomous and connected, the number of road accidents would considerably fall: the cars would react more quickly, and especially more rationally in front of a danger. No more speeding and unpredictable behavior.
Another major change will hit: the urban life. If the whole fleet were replaced by self-driving cars, the traffic in the cities would be much more fluid. There would be almost no traffic jams because the whole network would be interconnected, no more cars parked anywhere, since they were able to park themselves in the nearest parking after they had dropped you off.
Several companies are really concerned in Artificial Intelligence to develop self-driving cars: like Toyota, Google, Tesla, Ford, BMW and many more. And they are all investing billions willing to launch their firt autonomous cars in 2021.