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    MOST COMMON FIELDS WHICH USE AI

                      Artificial Intelligence is commonly used in a wide range of fields like smartphones, social media
                      platforms, e-commerce, autonomous vehicles, security and surveillance, entertainment industries,
                      navigation, banking and financial sectors, smart homes, etc.

                      SMARTPHONE INDUSTRY
                      Today,  smartphones  come  preloaded  with  AI based
                      special features. Currently, most of the features of AI in
                      smartphones are dedicated to security, power efficiency
                      and photography. Right from the lock security, there is AI
                      in many applications. To unlock your smartphone, you
                      may use face recognition,  which requires the Computer
                      Vision  domain  of AI. Similarly,  the  voice  enabled
                      assistants like Google Assistant or Siri uses the Natural Language Processing tool of AI.

                      We have already discussed the know-how of some of the applications that use Artificial Intelligence,
                      such as Siri, Alexa, Netflix, Google Maps, etc.
                      AI has influenced many sectors like finance, healthcare, education, transportation, etc. Let us now
                      discuss the impact of AI in various sectors.

                                                                 SOCIAL MEDIA PLATFORMS

                                                                 AI is extensively used in social media platforms to serve
                                                                 personalised content. These sites monitor the way you
                                                                 use the features that they provide and record the way
                                                                 you use them. This data is used to create ads that are
                                                                 customised according to your preferences.
                                                                 For example, the social networking site Facebook uses
                                                                 AI to detect content having graphic violence, etc. It also
                                                                 helps understand the psychology of a person.

                      BANKING AND FINANCIAL SECTOR

                      AI helps banks and financial sectors in various ways. AI predicts future scenarios by analysing
                      past user experiences. This way it suggests the banks for future outcomes and trends. It also helps
                      banks identify fraud and detect anti-money laundering patterns.
                      AI assistants, such as chatbots, use
                      artificial  intelligence  to  generate
                      personalised  financial advice  and
                      natural  language  processing  to
                      provide instant, self-help customer
                      service.

                       112  Premium Edition-VIII

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