Artificial intelligence (AI) is the simulation of human intelligence processes by machines, especially computer systems. Specific applications of AI include expert systems, natural language processing (NLP), speech recognition and machine vision.

Artificial Intelligence (AI) is the branch of computer sciences that emphasizes the development of intelligence machines, thinking and working like humans. For example, speech recognition, problem-solving, learning and planning.

The Four Types of AI

• Reactive Machines. Reactive machines are the simplest level of robot.

• Limited Memory. A limited memory machine, as the name might suggest, is able to retain some information learned from observing previous events or data.

• Theory of Mind.

• Self-awareness

The basic objective of AI ( machine intelligence) is to enable computers to perform such intellectual tasks as decision making, problem solving, perception, understanding human communication (in any language, and translate among them).

Artificial Intelligence Examples

• Manufacturing robots.
• Self-driving cars.
• Smart assistants.
• Proactive healthcare management.
• Disease mapping.
• Automated financial investing.
• Virtual travel booking agent.
• Social media monitoring.

Artificial intelligence is impacting the future of virtually every industry and every human being. Artificial intelligence has acted as the main driver of emerging technologies like big data, robotics and IoT, and it will continue to act as a technological innovator for the foreseeable future.

Artificial Intelligence enhances the speed, precision and effectiveness of human efforts. In financial institutions, AI techniques can be used to identify which transactions are likely to be fraudulent, adopt fast and accurate credit scoring, as well as automate manually intense data management tasks.

“As more and more artificial intelligence is entering into the world, more and more emotional intelligence must enter into leadership.”

-Amit Ray, Famous AI Scientist, Author of Compassionate Artificial Intelligence