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AI is used in different fields because it can analyse large amounts of data quickly, automate
repetitive tasks, and provide insights that enhance decision-making. This leads to increased
efficiency, accuracy, and innovation across various sectors.
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, the process
which needs 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 enables banks to predict 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.
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