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Pattern Recognition: This type of software comprises of a camera and
                                       software  which  together  identify  repetitive  patterns  and  establish
                                       connections  between  the  patterns  stored  in the database  and  the
                                       perceived  patterns.  Facial recognition  software,  video  surveillance
                                       cameras, fingerprint  identification and automatic voice recognition
               Pattern recognition     software are some examples of pattern recognition software.

                 Robotics: Shakey was the first robot to use AI to navigate. It was
               developed in 1970. There are so many robots that use AI such as

               Rosie and Roscoe are used in hospital to supply medicines, Robodoc
               performs hip implant surgeries, Roomba and Scooba can do
               housework such as cleaning the floor, etc.                                        Robotics

                                         Intelligent Apps (I-Apps): Intelligent Apps are software written for
                                       mobile devices based on artificial intelligence and machine learning
                                       technology, aimed at making everyday tasks easier. This involves tasks
                                       like organizing and prioritizing emails, scheduling meetings, logging
                                       interactions,  content,  etc.  Some familiar examples of I-Apps are
                Intelligent Apps
                                       Chatbots and virtual assistants.

                BLOCKCHAIN

            Blockchain refers to the system of recording information which makes it difficult or impossible to
            change, hack, or cheat the system. Every business runs on information and blockchain is a shared
            ledger on which we record the transactions and track assets (tangible or intangible) in a business
            network. Tangible assets include houses, cars, cash, lands, etc. and non-tangible assets include
            intellectual property, patents, copyrights, branding, etc.

            It is a digital ledger of transactions that is duplicated and distributed across the entire network
            of computers on the blockchain. Each block in a chain may contain the record of the number of
            transactions made and the occurrence of new transactions. This record of every transaction is
            updated and added to the participant’s ledger. Anything that carries value can be recorded and
            tracked and can be traded on a blockchain network.

                AUGMENTED REALITY AND VIRTUAL REALITY


            Although the term Augmented Reality (AR) and Virtual Reality (VR) are taken together here,
            there is a distinct difference between the two.
            Augmented Reality

            Augmented Reality is the blending of Virtual Reality and real life. AR is using technology to
            superimpose information such as sounds, images and text on the real world that we can see.
            Images are created by developers within applications that blend in with content in the real world.

            AR users can interact with virtual content in the real world and can also distinguish between
            virtual and real content.

                                                                     Latest Technological Developments       57
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