Original article was published on Artificial Intelligence on Medium
What can an AI do? Well, here you go!
Artificial Intelligence has been the go-to tech solution in recent times. You have data and you want to analyze? boom! an AI model is ready.
AI has found its way in all walks and fields and the different technologies in the AI bucket have just enhanced its miraculously astonishing working.
Here is a look at a few things that we can have an AI to do and this can help to wildly simplify any task!
Natural Language Generation
Communication is a hard task even for humans at times. Getting your idea across the board is not a skill many of us possess. Similarly, for machines to process information is an entirely different process than the human brain, and it can be extremely tricky and complex. Natural Language Generation is a technique in AI that can convert text into data and helps the systems to communicate ideas and thoughts in human-understandable language. This is an underrated, potentially transformative technology with many applications such as automating business intelligence reports, product descriptions, financial reports, and much more. The ability to create custom, ad hoc content is more powerful than many realize. Renowned companies like Attivio, Automated Insights, Cambridge Semantics, Digital Reasoning, Lucidworks, Narrative Science, SAS, and Yseop offer Natural Language Generation.
I am sure most of us have had talks with Siri, Google Assistant, and many more such systems. These systems hear us and are very well able to recognize what we are saying. This is the power of speech recognition. Speech Recognition is used to convert and transform human speech into a useful and comprehensive format for computer applications to process. The transformation and transcription of human language into useful formats are growing rapidly. Companies like NICE, Nuance Communications, OpenText, and Verint Systems offer high-end speech recognition tools.
Machine Learning (ML) Platforms
A computer learning by itself to do predictions, categorizations, and much more independently is by far a step ahead of normal computing. This is “Machine Learning”. A machine learning platform includes algorithms, development tools, APIs, Model Deployment, and more. Computers are given the opportunity to learn without explicit programming. Some of the companies selling ML platforms include Amazon, Fractal Analytics, Google, H2O.ai, Microsoft, SAS, Skytree, and Adext.
As the name suggests, a Virtual Agent is a virtual bot that can effectively interact with humans as their personnel assistant(agent). Virtual agents are currently being used for customer service and support and as smart home managers. A virtual agent can respond to questions and can also perform certain tasks based on the interaction. One of the advantages of virtual agents is that customers can receive help 24/7 and no longer must wait for some call center to open in the morning. Companies that provide virtual agents are Apple, Google, Amazon, Artificial Solutions, Assist AI, Creative Virtual, IBM, IPsoft, Microsoft, and Satisfi.
An AI which can make decisions for your business! woof. One big feat AI has achieved is decision making. Business decision management (BDM), covers all aspects of design, building, and management of automated systems for decision-making. It is generally used by organizations to manage interaction with employees, customers, and suppliers. This helps greatly in creating clearer insights and optimizing decisions. Decision management improves the process of making decisions by using all the possible information to make better choices, increasing agility, consistency, and precision. It takes all-time constraints and known risks into account. Organizations dealing with banking, insurance, and financial services are integrating software for decision making into their processes and customer services. Major competitors in this domain are Advanced Systems Concepts, Informatica, Maana, Pegasystems, and UiPath.
Natural Language Processing(NLP)
The language we speak (irrespective of English, Japanese, Spanish, Hindi, etc.) is known as Natural Language. Precessing of this language for a computer is known as Natural Language Processing (NLP). It uses text analytics to analyze the structure of sentences as well as their interpretation and intention through machine learning. Many automated assistants and applications derive unstructured data by NLP. Software like Amazon’s Alexa, Apple’s Siri, Microsoft’s Cortana, and Google Assistant all use NLP to understand and respond to users’ questions. Some dominant companies in this domain include Basis Technology, Coveo, Expert System, Indico, Knime, Lexalytics, Linguamatics, Mindbreeze, Sinequa, Stratifyd, and Synapsify.
Just as the name says, Image Processing is the processing of an image or video. This is achieved by identifying and detecting a specific set of features in the image or video. This is a very powerful tool that can be used in various applications like detecting license plates, diagnose diseases and analysis, or cards for verification. We had created a video on how image processing can be used to detect pneumonia caused by COVID-19. You can check it by clicking here.
Image processing is achieved by using Convolutional Neural Networks or CNNs. To know more about CNNs click here.
If you have ever been working with a product, you would have well understood that the real pain is not in building the product but to market it. The marketing industry is a huge industry and this gigantic industry is undoubtedly driven by data. And well, that is all that even an AI needs! Marketing automation allows companies to improve engagement and increase efficiency to grow revenue faster. It uses software to automate customer segmentation, customer data integration, and campaign management, and streamlines repetitive tasks, allowing strategic minds to get back to doing what they do best. One of the leaders in this field is Adext AI, whose audience management platform can boost ad spend efficiency by up to +83% % in just 10 days. The software automates all the process of campaign management and optimization, making daily adjustments per ad to super-optimize campaigns and managing budgets across multiple platforms and over several different demographic and micro demographic groups per ad.
This world of digital interaction basically runs on CONTENT. You might have even recently heard about the significance of content in videos and memes although not for good reasons. But content is all that sells on the internet and what more would you want than an AI tool that helps in creating content. Brands like Hearst, USA Today ad CBS are using AI to generate content. Wordsmith is a popular tool created by Automated Insights, which applies NLP in order to generate news stories.
This technology can identify, measure, and analyze human behavior and physical aspects of the body’s structure and form. It allows for more natural interactions between humans and machines, including interactions related to touch, image, speech, and body language recognition, and is big within the market research field.
3VR, Affectiva, Agnitio, FaceFirst, Sensory, Synqera, and Tahzoo are all biometrics companies working hard to develop this area.
Artificial Intelligence can be used anywhere and everywhere. Just that we need to know what and how to use and the rest would you can leave on the computer to handle. And the real story is, “This is just the beginning!”