Artificial Intelligence – What it’s all about
Artificial Intelligence (AI) is a rapidly advancing technology, made possible by the Internet, that may soon have significant impacts on our everyday lives. AI traditionally refers to an artificial creation of human-like intelligence that can learn, reason, plan, perceive, or process natural language. These traits allow AI to bring immense socioeconomic opportunities, while also posing ethical and socio-economic challenges.
Current Uses of AI:
- Fraud detection: Banks use artificial intelligence to determine if there is strange activity on your account. Unexpected activity, such as foreign transactions, could be flagged by the algorithm.
- Speech recognition: Applications use artificial intelligence to optimize speech recognition functions. Examples include intelligent personal assistants, e.g. Amazon’s “Alexa” or Apple’s “Siri”.
- Email filtering: Email services use artificial intelligence to filter incoming emails. Users can train their spam filters by marking emails as “spam”.
- Personalization: Online services use artificial intelligence to personalize your experience. Services, like Amazon or Netflix, “learn” from your previous purchases and the purchases of other users in order to recommend relevant content for you.
Algorithms are a sequence of instructions used to solve a problem. Algorithms, developed by programmers to instruct computers in new tasks, are the building blocks of the advanced digital world we see today. Computer algorithms organize enormous amounts of data into information and services, based on certain instructions and rules. It’s an important concept to understand, because in machine learning, learning algorithms – not computer programmers – create the rules.