How Tech Companies are Using AI in Real Life
In just a few short years, the use of artificial intelligence (AI) has become increasingly prevalent in our daily lives. From Siri and Alexa to self-driving cars and chatbots, AI is quickly changing the way we interact with technology. But how are major tech companies actually using AI in real life? Let's take a look at some real world examples.
One of the most promising uses for AI is in the field of healthcare. Major companies like IBM and Google are using AI to help researchers and healthcare professionals make more informed decisions. For example, IBM's Watson Health is being used to help radiologists identify potential issues in medical images, such as tumors or other abnormalities. Google's DeepMind, on the other hand, is being used to predict patient deterioration in UK hospitals and improve patient outcomes.
AI is also changing the face of retail. Online giant Amazon is leveraging AI to create personalized customer experiences. By using customer data, AI can suggest products and offers that are tailored to individual shoppers. AI is also being used to optimize inventory management and warehouse operations, allowing retailers to streamline their supply chains and reduce costs.
The financial services industry is also embracing AI. Companies like JP Morgan Chase are using the technology to predict customer needs and offer personalized financial advice. AI is also being used to detect fraudulent activity and reduce risk in the banking industry. For example, Mastercard's AI-based Risk Identification Service is used to detect and prevent credit card fraud.
The use of AI in real life applications is just getting started. As the technology continues to advance, we can expect to see even more exciting use cases across a range of industries. It's important to remember, however, that AI is not a silver bullet solution. It's up to companies to use the technology responsibly and ethically, to ensure that the benefits of AI are realized without causing harm.
Akash Mittal Tech Article
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