9/4/2019 How artificial intelligence is transforming the world?

Only you can see this message

This story is eligible to be part of the metered paywall. Learn more

How arti cial intelligence is

transforming the world?
venkat k
Sep 4 · 5 min read

Most people are not familiar with the concept of Artificial Intelligence (AI). As an
example, when asked about 1,500 senior business leaders in the United States about AI
in 2017, only 17 percent said they were familiar with it. Most of them do not know what
it is or how it affects their particular organizations. They understand that there is
considerable potential to change business processes, but it is not clear how AI can be
implemented in their own organizations.
https://medium.com/@venkat34.k/how-artificial-intelligence-is-transforming-the-world-9b8bc8022e6e 1/5
9/4/2019 How artificial intelligence is transforming the world?

In this paper, we discuss novel applications in finance, national security, health care,
criminal justice, transportation, and smart cities, and address issues such as data access
issues, algorithmic bias, AI ethics and transparency, and legal responsibility for AI
decisions. We are contrary to the regulatory policies of the U.S. and the European Union
and close by making many recommendations to benefit more from AI while protecting
important human values.

To maximize the benefits of AI, we recommend nine steps forward:

· Inspiring greater information access for scientists without negotiating users personal
privacy,

· Invest more government funding in unclassified AI research,

· Encourage new models of digital education and AI workforce development as

employees have the skills they need in the 21st-century economy

· Generate a federal AI suggested committee to make policy recommendations,

· Engage with state and local authorities so that they implement effective policies,

· Control AI principles that are broader than specific algorithms.

· AI does not reflect historical injustice, injustice, or discrimination in data or algorithms,

because bias complaints are taken seriously

· Conduct mechanisms for human monitoring and control and Penalize malicious AI
behavior and promote cybersecurity.

QUALITIES OF ARTIFICIAL INTELLIGENCE

Although not uniformly agreed upon by definition, AI generally refers to “machines that
respond to stimuli in accordance with traditional responses from humans, giving the
human capacity for meditation, judgment, and purpose.” According to researchers
Zuband and Vijay, these software systems “usually make decisions that require a human
level of expertise” and help people deal with problems or problems. As such, they act in a
deliberate, intelligent and positive manner.

https://medium.com/@venkat34.k/how-artificial-intelligence-is-transforming-the-world-9b8bc8022e6e 2/5
9/4/2019 How artificial intelligence is transforming the world?

Intentionality: Artificial intelligence algorithms are designed to make decisions, often

using real-time data. They are different from passive machines capable of only
mechanical or predetermined responses. Using sensors, digital data, or remote inputs,
they combine information from a variety of sources, instantly analyze the material, and
act on the insights gained from that data. With tremendous improvements in storage
systems, processing speed and analytical methods, they have excellent sophistication in
analytics and decision making. AI is usually undertaken in conjunction with machine
learning and data analysis. Machine learning takes data and looks for underlying trends.
If it identifies a practical problem, software designers can take that knowledge and use it
to diagnose specific problems. Data are robust enough that algorithms can detect usage
patterns. Data can come in the form of digital information, satellite images, visual
information, text, or structured data.

Adaptability: AI systems have the ability to learn and adapt when making decisions. In
the transportation area, for example, semi-autonomous vehicles have the means of
notifying drivers and vehicles about impending congestion, potholes, highway
construction or other traffic interruptions. Vehicles can take advantage of the experience
of other vehicles on the road, without human involvement, and the entire corpus of their
“experience” is immediately and completely transferred to other similarly configured
vehicles. Their advanced algorithms, sensors, and cameras have experience in current
operations and use dashboards and visual displays to display information in real-time,
allowing human drivers to understand the ongoing traffic and vehicle conditions. And in
the case of fully autonomous vehicles, sophisticated systems can fully control a car or
truck and make all navigational decisions.

APPLICATIONS IN DIVERSE SECTOR

AI is not the vision of the future, but it is here today and connected to different fields.
This includes finance, national security, health care, criminal justice, transportation, and
smart cities. There are many examples where AI is already impacting the world and
enhancing human capabilities in significant ways.

Finance: Investments in financial AI in the United States tripled between 2013 and
2014, reaching a total of $ 12.2 billion. According to observers in the field, “decisions
about lending can now take into account a variety of nuanced data about the borrower,
rather than a credit score and a background check.” Robo-Advisors Hours. These
https://medium.com/@venkat34.k/how-artificial-intelligence-is-transforming-the-world-9b8bc8022e6e 3/5
9/4/2019 How artificial intelligence is transforming the world?

advances are designed to eliminate emotion from investment and make decisions based
on analytical considerations and make these choices in a matter of minutes.

A prominent example of this is happening in stock exchanges, where high-frequency

trading by machines has replaced human decision-making. People submit buy and sell
orders and computers compare them in the blink of an eye without human intervention.
Machines can detect trading inefficiencies or market distortions at very low levels and
execute money-making trades, according to investors. These tools, which are powered by
sophisticated computing in some places, have great potential for storing information
because they are based on “quantum bits” that can store multiple values in each space,
not zero or one. This dramatically increases storage capacity and reduces processing
time.

Fraud detection represents another way that AI can help in economies of scale. Detecting
fraudulent activity in large organizations is sometimes difficult, but AI can detect
abnormalities, outliers, or twisted cases that require further investigation. Managers can
help them find problems early in the cycle before they reach dangerous levels.

Health care: AI tools are helping designers to improve computational sophistication in

health care. For example, Merandix is a German company that applies deep learning to
medical issues. It is used in medical imaging to “detect lymph nodes in the human body
in computer tomography (CT) images.” Humans can do this, but radiologists charge $
100 per hour and can only read four images per hour. If there are 10,000 images, the
cost of this process is $ 250,000, which is very expensive if done by humans.

The deeper practice in this situation is that train computers in the data sets look normal
compared to the disordered lymph node. After imaging exercises and respecting the
accuracy of labeling, radiological imaging professionals can apply this knowledge to real
patients and determine the extent to which someone is at risk for cancer lymph nodes. It
is a matter of identifying an unhealthy and healthy node, as only a few can test positive.

AI has also been applied to congestive heart failure, affecting 10 percent of senior
citizens and costing $ 35 billion annually in the United States. AI tools are helpful
because they “predict potential challenges in advance and allocate resources to patient
education, sensing and active interventions that keep patients out of the hospital.”

https://medium.com/@venkat34.k/how-artificial-intelligence-is-transforming-the-world-9b8bc8022e6e 4/5
9/4/2019 How artificial intelligence is transforming the world?

Arti cial Intelligence Ai Services Ai Solution Machine Learning Ml Services

About Help Legal

https://medium.com/@venkat34.k/how-artificial-intelligence-is-transforming-the-world-9b8bc8022e6e 5/5