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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

