| |JUNE 202219Alexa - What is the Temperature outside?Siri ­ Please play Hakuna Matata for me.Artificial intelligence is immensely intertwined with our lives today. The imagination of our lives without an Android or Apple Smartphone, and technology including laptops is impossible today. As days pass, we become more and more dependent on the gifts that Artificial Intelligence has to offer us.What is Artificial intelligence? AI is the blend of machine learning, natural language processing, and cognitive computing. The aim of producing artificial intelligence was to use sophisticated machine learning and natural language processing algorithms to mechanise cognitive functioning in order to assist the human species in accessing greater platforms and heights.Humans are smart, but the problem with us is scalability. As humans, we are bound by limitations of morality and productive functioning rate, which has to accepted and respected. This is where AI comes in and bridges the gap of human limitations. Why is Artificial Intelligence essential in today's fast-paced world?· High Accuracy of ResultsWith the introduction of AI in sectors like healthcare and banking, we can be assured of higher accuracy of results. AI eradicates all chances of making mistakes and leaves no room for human errors. Activities carried out by the tools of AI are executed with great precision. AI is being implemented in search operations, as well as in aiding doctors in complex medical procedures to remove the risk of human error.· Make Difficult Task EasyThere are several tasks that are beyond the ambit of what we, vulnerable humans can do. But with artificial intelli-gence to our rescue, we can employ the science of robotics and get such tasks done without fail. AI can be deployed to tackle dangerous jobs like welding which can have harmful consequences on humans. Toxic substances and intense heat cannot affect machines, thus saving human lives. Dangerous jobs like fuel exploration or ocean life ex-ploration can also be undertaken by AI-driven machines, thus erasing the barrier of human limitation.· Safety & SecurityWith the computed methods of AI, all our daily activities have been made safe and secure. It is for this purpose that financial institutions and banking institutions are incorporating AI to organize and manage data.AI is being used to detect fraudulent actions through a smart card based system. Even in corporate houses and offices, records are being tracked down by biometric By Moqierish Tak, Co-Founder, India AssistMoqierish Tak,Co-FounderARTIFICIAL INTELLIGENCE A BOON OR BANE?CXO INSIGHTS
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