Since the Microchip invention, Machine Learning and Artificial Learning (AI) is the next biggest innovation. Those who kept asking what is machine learning have now realized it isn’t a fiction, but a reality instead.
Technologies such as neural networks are paving the way towards artificial intelligence breakthroughs. People are now more productive, healthier and happier than before with machine learning technology tools. Industry leaders claim that machine learning is ushering in another phase of the industrial revolution. Unlike the previous revolution that harnessed mechanical and physical strength, the AI-driven revolution will harness cognitive and mental ability.
Machine learning and AI-equipped equipment can access and store more data than human being including mind-blogging statistics. Machines can identify trends and use those insights to develop solutions for any environmental issue. For example, ecological experts are using machine learning and AI-enabled sensors to analyze data from thousands of sources to make accurate pollution and weather forecasts.
Given the number of people with bank accounts and credit cards that are in circulation, it will take a banker a lot of hours to sift through transactions that happen every day. Banks can use purchase patterns and location data to identify fraudulent behavior in real-time to reduce electronic theft. Artificial intelligence-based anomaly detection models are enabling banks to monitor transaction requests. These models can spot anomalies in transactions and notify of suspicious activity.
Bomb disposal is one of the deadliest tasks. However, robots have now taken over these dangerous tasks. Security experts are using drones to detonate bombs. AI-enabled robots will soon take over all these tasks and save thousands of lives. Welding is another task that is being outsourced to machine learning and AI-enabled robots. Metal fabrication produces toxic substances, intense heat, and noise, which may be harmful to humans. Fortunately, advancements in deep learning and computer vision have enabled greater accuracy and flexibility.
Homeowners turn to machine learning-integrated alarm systems and surveillance cameras for the best home security technology. AI-integrated alarm systems and cameras use machine learning and facial recognition tech to build a catalog of frequent visitors to the home to detect uninvited guests instantly. These cutting-edge systems can even call for emergency services; thus, bolstering your home’s security.
Medical facilities may soon put the well-being of their patients in the hands of AI-enabled robots. Hospitals will utilize machine learning to reduce hospital-related illnesses and accidents and aid in treating patients. Researchers will utilize AI-enabled predictive models to understand better the causes of an epidemic and genetic diseases to improve healthcare. Doctors and researchers alike are using deep learning models to gather insights in real-time and diagnose and treat patients accurately and faster than before.
The fact that we will eventually develop human-like AI has often been treated as something of an inevitability by technologists. Certainly, today we are closer than ever and we are moving towards that goal with increasing speed. Much of the exciting progress that we have seen in recent years is thanks to the fundamental changes in how we envisage AI working, which have been brought about by ML.