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• Data analysis: AI tools analyse large datasets to provide insights and aid in business
forecasting.
Transport and Travel
AI helps improve safety, comfort, and efficiency in travel. It is used
in planning routes, managing traffic, and even driving vehicles.
For example:
• Traffic control: AI helps control traffic lights and predict
traffic conditions, reducing congestion.
• AI-powered GPS: Apps like Google Maps use AI to predict
traffic and suggest the fastest routes.
• Self-driving cars: Autonomous vehicles use AI for navigation, obstacle detection, adherence
to traffic regulations, and making real-time driving decisions. Companies like Waymo and
Tesla are developing fully automated vehicles.
Finance
AI is revolutionising the finance sector by enhancing security,
streamlining processes, and supporting decision-making. It improves
everything from fraud detection to personal finance management.
For example:
• Fraud detection: AI can analyse transaction data in real time,
detecting patterns of fraud or suspicious activity to prevent
financial crimes.
• Automated trading: AI-powered algorithms can make fast
and accurate decisions for trading stocks, based on real-time market data.
• Personal finance assistants: AI-based apps help users manage their finances by tracking
expenses, suggesting budgeting tips, and offering investment advice.
Factories
Factories use AI to produce goods more efficiently with less human effort.
It helps reduce mistakes and improves the speed of work. For example:
• Predictive maintenance: AI monitors are employed in predictive
maintenance to prevent machine breakdowns.
• Quality control: AI-powered computer vision systems inspect
products for defects, ensuring quality.
• Inventory management: AI can also be utilised in inventory
management to maintain an uninterrupted supply chain.
28 Touchpad Artificial Intelligence (Ver. 2.0)-VI

