Although Artificial Intelligence (AI) has been a concept since the 50s, the actual real use of this technology was not truly realized until more recently. This has brought about a much more tremendous amount of general knowledge, increasing mainstream exposure and acceptance. Organizations and businesses are looking to implement AI in their respective fields with the growing buzz around AI. We have already seen essential interaction with AI in chatbots and are seeing its implementation in a host of other, more complex fields. AIWORK is one of those organizations harnessing the power of AI to address problems persistent in the online video space.
Part of the reason behind common misconceptions around AI is its portrayal as a technology that could end civilization as we know it. (Thanks, Hollywood). Of course, this has also generated significant hype around AI, but this hype is entirely justified. AI is truly a technology that can transform industries — for the better.
Defining Artificial Intelligence
Artificial Intelligence can be defined as machines capable of mirroring human intelligence and performing specific tasks. AI can also improve itself by analyzing the data it collects, becoming more efficient over time. It can be utilized for different tasks, helping to improve and streamline the decision-making process and automating repetitive tasks.
Now, let's better understand the functions of AI. AI collates data and analyzes it for patterns to make predictions, analyze trends, answer questions, and do other tasks. A chatbot is a simple example of AI in our daily lives, interacting with users and using these interactions to improve itself, develop better replies, and assist users.
7 Ways AI Can Change the World
AI has seen considerable mainstream exposure in recent years and, as a result, has seen several proven, or entirely new, use cases crop up. As mentioned earlier, AI is transforming several industries and has been employed prominently in medicine, entertainment, and technology. Let’s look at how AI is poised to change the world in the next few years.
Artificial Intelligence has become an essential part of modern healthcare, with AI algorithms and AI-powered applications seeing increased use to support medical professionals in clinics and medical research. AI is being used to diagnose diseases faster and more accurately, helping to speed up the selection of a line of treatment ensuring the use of more effective medicines. Significantly, AI has made considerable contributions to cancer medication, improving drug treatments. AI can be used as an effective tool, assisting doctors, helping reduce the need for surgeries, and improving diagnosis.
Several businesses are using AI technology to improve employee productivity. AI can handle repetitive tasks in an organization, allowing employees to focus on more critical or complex tasks, such as problem-solving and other more pressing tasks. With the pandemic and the emergence of work from home practices, we may see the very concept of a workplace be redefined. More and more companies are switching to virtual conferences and are ripe for reliance on digital tools to streamline workflows.
Data breaches over the past couple of years have increased significantly. While 2020 saw 1108 data breaches, 2021 saw a significant jump, rising to 1862. Artificial Intelligence can effectively protect data, with its automation and self-learning capabilities significantly reducing the risk posed by threat actors. AI can keep data secure from hackers, government spy programs, and other threats by identifying patterns that could be the precursor of a hack and stopping them before a breach occurs.
Artificial Intelligence has also been proposed to analyze movie scripts and gauge their potential for success at the box office. News channels have also started to harness the power of AI, with some of the biggest names, such as Bloomberg, using AI to understand financial reports better. The Associated Press uses AI to produce and distribute news quickly.
In addition to this, companies like AIWORK are using AI to create normalized metadata for online videos, already a massive and still growing portion of many people's content intake. This metadata increases searchability, helping content creators and users find the content they're looking for. In addition, AIWORK's AI can also create transcriptions, aid in translations, and even analyze videos on a screen-by-screen basis for content that specific users or advertisers may want to avoid — even assigning their proprietary ContentGraph score. These changes address persistent issues, making the online video space better for both creators and viewers.
AI has disrupted the manufacturing industry significantly, with automation ensuring all processes' seamless and efficient functioning. AI-powered robots in assembly lines have also greatly improved productivity, with various tasks now handled by robots.
The emergence of self-driving cars has shown the potential of AI in the automobile industry, with self-driving vehicles considered the next significant evolution in the automobile industry. Companies like Tesla are at the forefront of this push. At the current pace of development, self-driving cars could become the norm in the not-so-distant future. We could also see self-driven long-haul trucks, driverless trains, and aircraft.
AI has significantly improved the education sector, enabling the digitization of textbooks. Virtual teachers are also starting to be utilized, capable of analyzing students to help determine a better approach to teaching. With Covid-19 popularizing virtual classrooms, AI can chip in and help automate administrative responsibilities and the categorization and processing of paperwork.
AI can revolutionize entire industries, and we have already seen significant developments in finance, healthcare, transportation, and more. Artificial Intelligence has already helped improve several sectors, providing solutions to existing problems. AIWORK is using this technology to address the issues of the online video space, enabling the creation of high-quality metadata.